Nova Financial & Investment Corporation Mortgage Rates, Fees & Info
TUCSON, AZLEI: 549300HIVO8XPBPNVG69
Tax ID: 86-0415227
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Nova Financial & Investment Corporation is a mid-sized mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Nova Financial & Investment Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Phoenix, Tucson, Denver, Yuma, and Las Vegas among others. We have data for 143 markets. (Some data included below & more in-depth data is available with an active subscription.)Nova Financial & Investment Corporation has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Nova Financial & Investment Corporation is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
30 Year Conventional Purchase | 6.66% | 1/25/23 |
30 Year Conventional Refi | 6.45% | 1/25/23 |
30 Year Cash-out Refi | 6.71% | 1/25/23 |
30 Year FHA Purchase | 7.66% | 1/25/23 |
30 Year FHA Refi | 7.17% | 1/25/23 |
30 Year VA Purchase | 6.34% | 1/25/23 |
30 Year VA Refi | 5.97% | 1/25/23 |
30 Year USDA Purchase | 6.77% | 1/25/23 |
30 Year USDA Refi | 6.51% | 1/25/23 |
15 Year Conventional Purchase | 6.06% | 1/25/23 |
15 Year Conventional Refi | 5.93% | 1/25/23 |
15 Year Cash-out Refi | 5.93% | 1/25/23 |
15 Year FHA Purchase | 5.68% | 1/25/23 |
15 Year FHA Refi | 6.75% | 1/25/23 |
15 Year VA Purchase | 6.35% | 1/25/23 |
15 Year VA Refi | 5.84% | 1/25/23 |
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. |
Originations
24,138Origination Dollar Volume (All Markets)
$6,718,940,000Relative Rate
Nova Financial & Investment Corporation's average 30 year fixed mortgage rate was
3.13%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.02%.
Relative Fees (Closing Costs)
Nova Financial & Investment Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,691.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 7,565 | $2,209,385,000 | $292,054 | $4,145 | 3.13% |
TUCSON, AZ (FHA|USDA|VA) | 7,791 | $1,807,265,000 | $231,968 | $3,125 | 3.04% |
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2,321 | $900,315,000 | $387,900 | $2,265 | 2.95% |
YUMA, AZ (FHA|USDA|VA) | 1,797 | $340,105,000 | $189,263 | $3,647 | 3.05% |
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1,019 | $293,885,000 | $288,405 | $4,339 | 3.08% |
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 508 | $278,290,000 | $547,815 | $2,158 | 2.94% |
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 903 | $186,495,000 | $206,528 | $3,759 | 3.00% |
FLAGSTAFF, AZ (FHA|USDA|VA) | 176 | $62,470,000 | $354,943 | $3,772 | 3.12% |
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 109 | $60,625,000 | $556,193 | $3,110 | 3.05% |
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 190 | $54,040,000 | $284,421 | $3,877 | 3.16% |
Outside of Metro Areas | 181 | $47,455,000 | $262,182 | $2,962 | 3.03% |
BOULDER, CO (FHA|USDA|VA) | 110 | $45,210,000 | $411,000 | $2,586 | 3.03% |
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 210 | $44,390,000 | $211,381 | $4,120 | 3.28% |
COLORADO SPRINGS, CO (FHA|USDA|VA) | 127 | $40,515,000 | $319,016 | $3,186 | 2.93% |
GREELEY, CO (FHA|USDA|VA) | 97 | $32,005,000 | $329,948 | $2,647 | 3.01% |
Safford, AZ (FHA|USDA|VA) | 119 | $24,635,000 | $207,017 | $3,879 | 3.04% |
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 26 | $22,660,000 | $871,538 | $2,869 | 2.82% |
FORT COLLINS, CO (FHA|USDA|VA) | 72 | $22,440,000 | $311,667 | $2,511 | 2.92% |
Nogales, AZ (FHA|USDA|VA) | 103 | $21,775,000 | $211,408 | $3,736 | 3.03% |
Show Low, AZ (FHA|USDA|VA) | 85 | $20,465,000 | $240,765 | $3,470 | 3.16% |
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 70 | $19,360,000 | $276,571 | $5,115 | 3.02% |
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 56 | $17,830,000 | $318,393 | $2,769 | 3.02% |
Breckenridge, CO (FHA|USDA|VA) | 21 | $11,225,000 | $534,524 | $3,263 | 3.22% |
Payson, AZ (FHA|USDA|VA) | 45 | $10,515,000 | $233,667 | $3,775 | 3.15% |
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 20 | $9,810,000 | $490,500 | $3,106 | 3.10% |
Edwards, CO (FHA|USDA|VA) | 16 | $9,600,000 | $600,000 | $2,199 | 2.91% |
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 30 | $9,390,000 | $313,000 | $4,466 | 3.04% |
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 32 | $9,310,000 | $290,938 | $2,722 | 2.80% |
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 14 | $8,620,000 | $615,714 | $3,336 | 2.90% |
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 14 | $4,420,000 | $315,714 | $4,593 | 3.02% |
RENO, NV (FHA|USDA|VA) | 12 | $4,130,000 | $344,167 | $2,856 | 3.07% |
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 5 | $3,585,000 | $717,000 | $3,845 | 2.88% |
ALBUQUERQUE, NM (FHA|USDA|VA) | 14 | $3,340,000 | $238,571 | $3,656 | 3.17% |
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 9 | $3,335,000 | $370,556 | $4,750 | 2.81% |
Pahrump, NV (FHA|USDA|VA) | 14 | $3,100,000 | $221,429 | $5,390 | 3.14% |
PUEBLO, CO (FHA|USDA|VA) | 9 | $2,975,000 | $330,556 | $4,088 | 3.00% |
SALINAS, CA (FHA|USDA|VA) | 7 | $2,575,000 | $367,857 | $4,775 | 3.03% |
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 5 | $2,515,000 | $503,000 | $2,136 | 3.08% |
Heber, UT (FHA|USDA|VA) | 3 | $2,225,000 | $741,667 | $3,561 | 3.08% |
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 6 | $2,060,000 | $343,333 | $1,741 | 3.06% |
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 7 | $2,025,000 | $289,286 | $4,333 | 3.20% |
KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 6 | $1,790,000 | $298,333 | $4,522 | 3.33% |
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $1,690,000 | $422,500 | $1,720 | 3.25% |
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $1,670,000 | $835,000 | $1,545 | 3.00% |
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 7 | $1,565,000 | $223,571 | $4,847 | 3.00% |
PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $1,560,000 | $780,000 | $9,993 | 2.56% |
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $1,555,000 | $311,000 | $2,344 | 2.85% |
CaƱon City, CO (FHA|USDA|VA) | 4 | $1,480,000 | $370,000 | $2,247 | 2.88% |
YUBA CITY, CA (FHA|USDA|VA) | 4 | $1,470,000 | $367,500 | $3,339 | 2.87% |
EL CENTRO, CA (FHA|USDA|VA) | 7 | $1,465,000 | $209,286 | $2,779 | 2.99% |
Durango, CO (FHA|USDA|VA) | 4 | $1,440,000 | $360,000 | $6,715 | 3.03% |
BAKERSFIELD, CA (FHA|USDA|VA) | 5 | $1,335,000 | $267,000 | $3,259 | 3.07% |
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 3 | $1,235,000 | $411,667 | $2,602 | 3.04% |
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $1,220,000 | $610,000 | $3,040 | 3.31% |
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $1,195,000 | $239,000 | $4,508 | 3.32% |
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $1,165,000 | $388,333 | $2,279 | 2.92% |
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 4 | $1,120,000 | $280,000 | $1,604 | 3.16% |
WACO, TX (FHA|USDA|VA) | 3 | $1,105,000 | $368,333 | $4,448 | 3.00% |
Montrose, CO (FHA|USDA|VA) | 5 | $1,085,000 | $217,000 | $2,515 | 2.58% |
LAS CRUCES, NM (FHA|USDA|VA) | 6 | $1,070,000 | $178,333 | $3,167 | 3.12% |
Alamogordo, NM (FHA|USDA|VA) | 5 | $1,065,000 | $213,000 | $2,729 | 3.35% |
Silver City, NM (FHA|USDA|VA) | 7 | $1,015,000 | $145,000 | $3,452 | 3.05% |
GRAND JUNCTION, CO (FHA|USDA|VA) | 4 | $1,000,000 | $250,000 | $2,415 | 2.97% |
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $995,000 | $995,000 | $12,581 | 3.00% |
Newport, OR (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $4,219 | 3.00% |
BEND, OR (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $4,020 | 3.22% |
Del Rio, TX (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $7,772 | 3.19% |
MODESTO, CA (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $3,041 | 2.67% |
Cedar City, UT (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $3,309 | 2.81% |
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $3,750 | 3.06% |
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $4,586 | 3.31% |
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $4,312 | 3.12% |
MADERA, CA (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $8,289 | 3.25% |
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $3,816 | 2.69% |
VISALIA, CA (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $2,063 | 3.16% |
MEDFORD, OR (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $2,454 | 2.94% |
AMARILLO, TX (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $3,608 | 3.00% |
BLOOMINGTON, IN (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $3,453 | 3.13% |
Eureka-Arcata, CA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $1,300 | 2.69% |
Taos, NM (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $3,203 | 3.38% |
STOCKTON, CA (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $6,648 | 3.44% |
Red Bluff, CA (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $5,713 | 2.81% |
Gardnerville Ranchos, NV (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $2,776 | 3.38% |
Arcadia, FL (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $2,521 | 3.25% |
BELLINGHAM, WA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $2,846 | 2.63% |
MERCED, CA (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $2,642 | 3.04% |
SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $1,290 | 3.88% |
FRESNO, CA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $2,481 | 2.69% |
Fort Morgan, CO (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $3,025 | 2.94% |
Glenwood Springs, CO (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $2,654 | 3.38% |
GAINESVILLE, FL (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $1,039 | 2.99% |
ST. GEORGE, UT (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $2,102 | 2.87% |
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,506 | 3.44% |
EL PASO, TX (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $3,212 | 3.32% |
Columbus, NE (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $4,154 | 3.31% |
Coos Bay, OR (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $4,347 | 3.06% |
Ellensburg, WA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $3,756 | 2.99% |
Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $589 | 3.13% |
Rockport, TX (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,216 | 2.75% |
LINCOLN, NE (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $1,323 | 2.75% |
Centralia, WA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,639 | 3.63% |
WICHITA FALLS, TX (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $1,626 | 3.00% |
TYLER, TX (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,283 | 2.88% |
VALLEJO, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,433 | 2.63% |
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,173 | 2.25% |
Corsicana, TX (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,063 | 3.37% |
CHICO, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,385 | 3.38% |
LUBBOCK, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $10,782 | 2.63% |
Roswell, NM (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $3,792 | 3.19% |
GRANTS PASS, OR (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,065 | 2.25% |
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,401 | 3.49% |
REDDING, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,308 | 2.88% |
MUNCIE, IN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $1,225 | 3.75% |
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,599 | 2.13% |
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $1,730 | 3.13% |
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,844 | 2.88% |
Craig, CO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,193 | 3.00% |
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $10,575 | 3.00% |
The Dalles, OR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,780 | 2.88% |
North Platte, NE (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,550 | 3.13% |
LONGVIEW, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,152 | 2.88% |
PANAMA CITY, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,778 | 2.75% |
PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,341 | 3.38% |
GRAND ISLAND, NE (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,493 | 3.75% |
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,327 | 3.38% |
ODESSA, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,450 | 3.49% |
Winnemucca, NV (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,173 | 3.38% |
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,978 | 2.88% |
Steamboat Springs, CO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,109 | 3.88% |
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,768 | 3.13% |
Elko, NV (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,338 | 2.88% |
Ruidoso, NM (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,410 | 2.63% |
Sterling, CO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,845 | 2.50% |
Hobbs, NM (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,635 | 2.88% |
Plymouth, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,741 | 2.75% |
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,509 | 2.38% |
Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,961 | 2.75% |
SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,487 | 3.00% |
Port Angeles, WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,294 | 2.49% |
PEORIA, IL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,593 | 2.99% |
JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,289 | 2.99% |
SALEM, OR (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,738 | 3.13% |
Fernley, NV (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,801 | 2.88% |
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Product Mix
For 2021, Nova Financial & Investment Corporation's most frequently originated type of loan was Conventional, with 18,904 originations. Their 2nd most popular type was FHA, with 2,965 originations.
Loan Reason
For 2021, Nova Financial & Investment Corporation's most frequently cited loan purpose was Home Purchase, with 9,807 originations. The 2nd most popular reason was Refi, with 8,270 originations.
Loan Duration/Length
For 2021, Nova Financial & Investment Corporation's most frequently cited loan duration was 30 Year, with 20,799 originations. The 2nd most popular length was 15 Year, with 2,234 originations.
Origination Fees/Closing Costs
Nova Financial & Investment Corporation's average total fees were $3,691, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 11,938 originations.
Interest Rates
During 2021, Nova Financial & Investment Corporation's average interest rate for loans was 3.13%, while their most frequently originated rate bucket for loans was 3-4%, with 10,312 originations.
Loan Sizing
2021 saw Nova Financial & Investment Corporation place emphasis on $200k-400k loans with 11,820 originations, totaling $3,341,750,000 in origination value.
Applicant Income
Nova Financial & Investment Corporation lent most frequently to those with incomes in the $50k-75k range, with 6,223 originations. The second most popular income band? $100k-150k, with 4,527 originations.
Applicant Debt to Income Ratio
Nova Financial & Investment Corporation lent most frequently to those with DTI ratios of 20-30%, with 4,898 originations. The next most common DTI ratio? 30-36%, with 4,245 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.55%
Nova Financial & Investment Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination79.48%
Nova Financial & Investment Corporation has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 24,138 | $6,718,940,000 | $278,355 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
24,138 | $6,718,940,000 | $278,355 |
LTV Distribution
Complaints
Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
NOVA Financial Holding Company, LLC | Conventional home mortgage | Closing on a mortgage | 1 | 33.3% |
NOVA Financial Holding Company, LLC | FHA mortgage | Closing on a mortgage | 1 | 33.3% |
NOVA Financial Holding Company, LLC | Other type of mortgage | Closing on a mortgage | 1 | 33.3% |