Purchase Originations
3,120
Ranked #159 nationally
Median Total Costs
$5,841
−12.6% vs national ($6,680)
↓ $331 vs prior year
Median Rate
6.490%
+0.0% vs national (6.490%)
↓ 0.135% vs prior year
Median Origination
$49
Median Lender Credits
$65
Cost Rank (500+ vol.)
#264
among lenders with 500+ originations
Denial Rate
7.7%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,540 | 6.625% | $3,913 | $1,395 |
| fha | 1,157 | 6.250% | $7,827 | $0 |
| va | 387 | 6.250% | $7,081 | $9 |
| usda | 36 | 6.125% | $4,040 | $0 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Arizona | 2,221 | 6.490% | $5,564 | #8 |
| Colorado | 285 | 6.624% | $4,179 | #59 |
| Washington | 192 | 6.490% | $14,133 | #65 |
| Nevada | 103 | 6.490% | $7,466 | #61 |
| New Mexico | 75 | 6.375% | $5,077 | #49 |
| California | 74 | 6.562% | $8,411 | #227 |
| Oregon | 60 | 6.625% | $7,307 | #89 |
| Texas | 42 | 6.375% | $6,634 | — |
| Florida | 29 | 6.250% | $6,517 | — |
| Pennsylvania | 8 | 6.495% | $5,567 | — |
| Idaho | 5 | 6.625% | $10,676 | — |
| Illinois | 5 | 6.490% | $3,657 | — |
| North Carolina | 4 | 6.558% | $7,268 | — |
| Tennessee | 3 | 6.625% | $4,403 | — |
| Kansas | 2 | 6.250% | $8,221 | — |
| Oklahoma | 2 | 6.620% | $1,610 | — |
| Utah | 2 | 6.562% | $1,580 | — |
| Alabama | 1 | 5.750% | $6,149 | — |
| Indiana | 1 | 6.990% | $952 | — |
| Kentucky | 1 | 6.125% | $3,013 | — |
| Montana | 1 | 6.750% | $5,606 | — |
| Nebraska | 1 | 7.125% | $3,840 | — |
| New Jersey | 1 | 5.990% | $21,436 | — |
| South Carolina | 1 | 6.750% | $3,752 | — |
| Wyoming | 1 | 6.990% | $787 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,799 | 6.624% | — | 59 | −$2,042 | |
| 2 | $3,805 | 6.625% | — | 47 | −$2,036 | |
| 3 | $4,139 | 6.624% | — | 50 | −$1,702 | |
| 4 | $4,221 | 6.624% | — | 23 | −$1,620 | |
| 5 | $4,250 | 6.375% | — | 43 | −$1,591 | |
| 6 | $4,364 | 6.625% | — | 53 | −$1,477 | |
| 7 | $4,411 | 6.058% | — | 20 | −$1,430 | |
| 8 | $4,948 | 6.433% | — | 28 | −$893 | |
| 9 | $5,160 | 6.375% | — | 391 | −$681 | |
| 10 | $5,340 | 6.490% | — | 920 | −$501 | |
| 11 | $5,539 | 6.490% | — | 38 | −$302 | |
| 12 | $5,884 | 6.490% | — | 123 | +$43 | |
| 13 | $6,224 | 6.375% | — | 55 | +$383 | |
| 14 | $6,419 | 6.490% | — | 575 | +$578 | |
| 15 | $7,371 | 6.750% | — | 27 | +$1,530 | |
| 16 | $7,775 | 6.490% | — | 95 | +$1,934 | |
| 17 | $8,438 | 6.558% | — | 28 | +$2,597 | |
| 18 | $10,530 | 6.562% | — | 22 | +$4,689 | |
| 19 | $13,626 | 6.625% | — | 36 | +$7,785 | |
| 20 | $15,122 | 6.490% | — | 101 | +$9,281 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2025. Sorted by median total loan costs.
Peer set: the 50 highest-volume U.S. mortgage lenders in 2025 (min. 8,254 purchase originations).
| Metric | Nova Financial & Investment Corporation | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $335,000 | $335,000 | +$0 (+0.0%) |
| Median total closing costs | $5,841 | $7,127 | −$1,286 (−18.0%) |
Other high-volume lenders side-by-side.
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Data source: HMDA Modified Loan Application Register 2025, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.