Nova Financial & Investment Corporation Mortgage Rates, Fees & Info
TUCSON, AZLEI: 549300HIVO8XPBPNVG69
Tax ID: 86-0415227
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Nova Financial & Investment Corporation is a small mortgage company specializing in Home Purchase 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: Tucson, Phoenix, Denver, Yuma, and Las Vegas among others. We have data for 89 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 a low 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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.82% | 4/18/24 |
| 30 Year Conventional Refi | 6.45% | 4/18/24 |
| 30 Year Cash-out Refi | 6.74% | 4/18/24 |
| 30 Year FHA Purchase | 6.88% | 4/18/24 |
| 30 Year FHA Refi | 6.40% | 4/18/24 |
| 30 Year VA Purchase | 6.82% | 4/18/24 |
| 30 Year VA Refi | 6.38% | 4/18/24 |
| 30 Year USDA Purchase | 7.02% | 4/18/24 |
| 30 Year USDA Refi | 6.27% | 4/18/24 |
| 15 Year Conventional Purchase | 6.13% | 4/18/24 |
| 15 Year Conventional Refi | 6.13% | 4/18/24 |
| 15 Year Cash-out Refi | 6.13% | 4/18/24 |
| 15 Year FHA Purchase | 6.19% | 4/18/24 |
| 15 Year FHA Refi | 5.96% | 4/18/24 |
| 15 Year VA Purchase | 5.76% | 4/18/24 |
| 15 Year VA Refi | 5.98% | 4/18/24 |
| 15 Year USDA Purchase | 5.68% | 4/18/24 |
| 15 Year USDA Refi | 6.12% | 4/18/24 |
| 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. | ||
Nova Financial & Investment Corporation Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Nova Financial & Investment Corporation. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
11,545Origination Dollar Volume (All Markets)
$2,589,755,000Awards
NOVA FINANCIAL & INVESTMENT CORPORATION - 2018
NOVA FINANCIAL & INVESTMENT CORPORATION is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
Work for NOVA FINANCIAL & INVESTMENT CORPORATION?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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 |
|---|---|---|---|---|---|
| TUCSON, AZ (FHA|USDA|VA) | 3,810 | $715,830,000 | $187,882 | $3,646 | 4.80% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3,047 | $688,215,000 | $225,866 | $4,174 | 5.01% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1,732 | $545,250,000 | $314,809 | $3,714 | 4.80% |
| YUMA, AZ (FHA|USDA|VA) | 834 | $133,500,000 | $160,072 | $3,406 | 4.84% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 538 | $127,980,000 | $237,881 | $5,316 | 4.96% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 317 | $92,175,000 | $290,773 | $4,688 | 4.71% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 385 | $62,025,000 | $161,104 | $3,620 | 4.84% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 69 | $31,375,000 | $454,710 | $4,249 | 4.78% |
| GREELEY, CO (FHA|USDA|VA) | 73 | $21,475,000 | $294,178 | $4,628 | 4.75% |
| BOULDER, CO (FHA|USDA|VA) | 47 | $16,475,000 | $350,532 | $3,023 | 4.83% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 113 | $16,425,000 | $145,354 | $3,303 | 5.13% |
| Outside of Metro Areas | 76 | $15,530,000 | $204,342 | $4,407 | 4.77% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 63 | $15,225,000 | $241,667 | $4,031 | 5.04% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 48 | $13,970,000 | $291,042 | $3,480 | 4.88% |
| FORT COLLINS, CO (FHA|USDA|VA) | 39 | $11,705,000 | $300,128 | $3,075 | 4.70% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 39 | $8,215,000 | $210,641 | $4,882 | 4.87% |
| Safford, AZ (FHA|USDA|VA) | 42 | $7,380,000 | $175,714 | $3,101 | 4.92% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 15 | $6,015,000 | $401,000 | $4,892 | 4.98% |
| Nogales, AZ (FHA|USDA|VA) | 34 | $5,650,000 | $166,176 | $4,244 | 4.78% |
| Show Low, AZ (FHA|USDA|VA) | 36 | $5,540,000 | $153,889 | $3,490 | 5.02% |
| Payson, AZ (FHA|USDA|VA) | 24 | $4,650,000 | $193,750 | $4,210 | 4.89% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 16 | $4,650,000 | $290,625 | $4,448 | 4.89% |
| Breckenridge, CO (FHA|USDA|VA) | 9 | $4,105,000 | $456,111 | $3,050 | 5.01% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 6 | $2,770,000 | $461,667 | $8,177 | 5.04% |
| Edwards, CO (FHA|USDA|VA) | 6 | $2,080,000 | $346,667 | $1,804 | 4.96% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 6 | $1,950,000 | $325,000 | $4,015 | 4.81% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 6 | $1,830,000 | $305,000 | $5,000 | 4.58% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 6 | $1,360,000 | $226,667 | $3,344 | 4.73% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $1,110,000 | $277,500 | $5,109 | 4.84% |
| Steamboat Springs, CO (FHA|USDA|VA) | 4 | $1,110,000 | $277,500 | $2,358 | 4.56% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 3 | $1,045,000 | $348,333 | $3,723 | 4.46% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 5 | $1,015,000 | $203,000 | $4,339 | 4.90% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $5,651 | 4.44% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $6,439 | 4.72% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $4,267 | 4.56% |
| RENO, NV (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $4,342 | 5.06% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $3,067 | 4.94% |
| LAS CRUCES, NM (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $4,853 | 4.83% |
| Heber, UT (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $2,278 | 4.75% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $4,124 | 4.81% |
| Fort Morgan, CO (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $1,495 | 4.46% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $2,330 | 4.00% |
| Cañon City, CO (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $2,080 | 4.35% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $3,455 | 4.75% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $3,215 | 5.25% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $1,570 | 4.38% |
| PUEBLO, CO (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $3,157 | 4.66% |
| Pahrump, NV (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $5,312 | 5.42% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $11,040 | 5.50% |
| MIDLAND, TX (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $5,575 | 5.25% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $3,908 | 5.25% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $7,827 | 3.75% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $8,950 | 5.06% |
| Taos, NM (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $2,636 | 5.63% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,932 | 4.50% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,783 | 5.13% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $12,896 | 4.13% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $6,465 | 4.69% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,380 | 4.25% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $775 | 4.75% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,738 | 5.50% |
| Roseburg, OR (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $2,004 | 5.06% |
| WACO, TX (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $2,638 | 5.00% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,163 | 5.13% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $7,775 | 4.38% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,822 | 4.63% |
| Winnemucca, NV (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,054 | 4.75% |
| Montrose, CO (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,603 | 4.25% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,030 | 5.00% |
| FAIRBANKS, AK (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,213 | 5.13% |
| Granbury, TX (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $5,915 | 5.25% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $11,038 | 4.75% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,654 | 4.63% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,819 | 4.50% |
| Craig, CO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,025 | 5.63% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,504 | 4.88% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,336 | 5.13% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,968 | 4.50% |
| Grants, NM (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,152 | 4.88% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,697 | 4.75% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,460 | 4.13% |
| Clovis, NM (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,768 | 5.38% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,909 | 4.75% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,432 | 4.75% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,681 | 4.75% |
| Nacogdoches, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,994 | 4.75% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,464 | 4.75% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $972 | 5.50% |
| Frankfort, KY (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,861 | 4.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against NOVA FINANCIAL & INVESTMENT CORPORATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 30
Similarity Rank: 55
Similarity Rank: 156
Similarity Rank: 161
Similarity Rank: 176
Similarity Rank: 220
Similarity Rank: 248
Similarity Rank: 309
Similarity Rank: 364
Similarity Rank: 544
Product Mix
For 2018, Nova Financial & Investment Corporation's most frequently originated type of loan was Conventional, with 7,013 originations. Their 2nd most popular type was FHA, with 2,794 originations.
Loan Reason
For 2018, Nova Financial & Investment Corporation's most frequently cited loan purpose was Home Purchase, with 9,438 originations. The 2nd most popular reason was Cash Out Refi, with 1,305 originations.
Loan Duration/Length
For 2018, Nova Financial & Investment Corporation's most frequently cited loan duration was 30 Year, with 10,924 originations. The 2nd most popular length was 15 Year, with 329 originations.
Origination Fees/Closing Costs
Nova Financial & Investment Corporation's average total fees were $3,948, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 7,025 originations.
Interest Rates
During 2018, Nova Financial & Investment Corporation's average interest rate for loans was 4.89%, while their most frequently originated rate bucket for loans was 4-5%, with 7,488 originations.
Loan Sizing
2018 saw Nova Financial & Investment Corporation place emphasis on $200k-400k loans with 4,971 originations, totaling $1,358,125,000 in origination value.
Applicant Income
Nova Financial & Investment Corporation lent most frequently to those with incomes in the $50k-75k range, with 3,279 originations. The second most popular income band? $50k or less, with 2,914 originations.
Applicant Debt to Income Ratio
Nova Financial & Investment Corporation lent most frequently to those with DTI ratios of 30-36%, with 1,809 originations. The next most common DTI ratio? 20-30%, with 1,669 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.46%
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 origination72.61%
Nova Financial & Investment Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 11,545 | $2,589,755,000 | $224,318 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 380 | $45,360,000 | $119,368 |
| Single Family (1-4 Units):Site-Built | 11,165 | $2,544,395,000 | $227,890 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| NOVA Financial & Investment Corporation | Conventional home mortgage | Closing on a mortgage | 1 | 50.0% |
| NOVA Financial & Investment Corporation | FHA mortgage | Struggling to pay mortgage | 1 | 50.0% |