Ground Figures
Lenders → Nova Financial & Investment Corporation

Nova Financial & Investment Corporation

Independent mortgage co. · #152 by purchase decisions in 2025 · Conventional 45% · FHA 34%.

All programs, all bands
95%

approved of 2,706 decisions.

Purchase decisions
3,425
Approved, all
95%
Lender type
Independent mortgage co.
States with 50+ decisions
7

Approval by DTI band

Each row is approved versus denied among files whose decision used that ratio. Read the 50–60% row against the ≤43% row: a gap is the signature of a wall at 50.

Conventional

DTI bandDecisionsApproved · deniedDenials citing DTI
≤43%1,421
96%
13%
44–45%56
96%
0%
46–49%65
95%
33%

FHA

DTI bandDecisionsApproved · deniedDenials citing DTI
≤43%1,032
94%
19%
44–45%68
94%
0%
46–49%51
92%
75%

Rates and costs

Compared with the national market in the same LTV band and points-paid cell; 30-year fixed conforming purchase loans. Builder-owned lenders buy rates down as a sales incentive, which is paid for in the house price.

Conventional rate vs market
+13 bps
Conventional median, no points
6.75%
FHA rate vs market
+8 bps
FHA median, no points
6.375%
VA rate vs market
+12 bps
VA median, no points
6.25%
Conventional median loan costs
$3,875
FHA median loan costs
$7,875
VA median loan costs
$6,875
Why it says no: first-listed denial reason, 2025 WHY IT SAYS NO: FIRST-LISTED DENIAL REASON, 2025 Application incomplete Application incomplete: 70% approved of 313 70% Other Other: 8% approved of 37 8% Credit history Credit history: 7% approved of 32 7% Debt-to-income ratio Debt-to-income ratio: 6% approved of 28 6% Collateral Collateral: 4% approved of 19 4% Employment history Employment history: 4% approved of 18 4% Approval by loan-to-value band, all programs APPROVAL BY LOAN-TO-VALUE BAND, ALL PROGRAMS LTV ≤80% LTV ≤80%: 98% approved of 945 98% LTV 80–95% LTV 80–95%: 95% approved of 757 95% LTV >95% LTV >95%: 94% approved of 1,381 94%

Where it lends

Arizona (2,472), Colorado (293), Washington (188), Nevada (122), California (95), New Mexico (76), Oregon (57), Texas (47), Florida (29), Pennsylvania (8).

Compare Nova Financial & Investment Corporation with every lender in a state on the approvals, rates and fees pages.

Questions

Does Nova Financial & Investment Corporation approve loans with a DTI over 50%?

Nova Financial & Investment Corporation decided too few purchase files above 50% DTI in 2025 to report a rate. The table on this page shows every band.

Are Nova Financial & Investment Corporation's rates competitive?

In 2025 its closed conventional loans were priced 13 basis points above the market median after matching LTV band and points paid.

Why does Nova Financial & Investment Corporation deny applications?

Its most common first-listed denial reason in 2025 was application incomplete (70% of denials), followed by other (8%).

Where does this come from?

Nova Financial & Investment Corporation's own 2025 HMDA filing, as published by the CFPB. Purchase loans on site-built, one-unit, owner-occupied homes. Decisions, not policy: files screened out before a formal application never appear. Credit score is withheld from the public file.

Method

Approvals from the approvals dataset (originated vs. denied by DTI band). Rates: HMDA interest rate on 30-year fixed conforming purchase originations, compared cell by cell with the national market. Costs: Closing Disclosure total loan costs, binned to $250. Denial reasons: first reason listed on denied files. Lender type assigned from the name.

Corrections

Every figure traces to Nova Financial & Investment Corporation’s own filing. If a number looks wrong, write to us and we will re-run it.