NOVA FINANCIAL & INVESTMENT CORPORATION closing costs and rates (2024)
In 2024, NOVA FINANCIAL & INVESTMENT CORPORATION originated 3,229 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $6,172. That ranks #144 nationally by origination volume. For total closing costs among lenders with 500+ originations, NOVA FINANCIAL & INVESTMENT CORPORATION ranks #292. That is $569 below the national median of $6,741. NOVA FINANCIAL & INVESTMENT CORPORATION is most active in Arizona with 2,375 originations there.
Purchase Originations
3,229
Ranked #144 nationally
Median Total Costs
$6,172
−8.4% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$699
Median Lender Credits
$150
Cost Rank (500+ vol.)
#292
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,640 | 6.750% | $4,067 | $1,250 |
| fha | 1,190 | 6.490% | $8,085 | $0 |
| va | 366 | 6.250% | $7,035 | $365 |
| usda | 33 | 5.990% | $4,679 | $0 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Arizona | 2,375 | 6.625% | $6,019 | #8 |
| Colorado | 331 | 6.875% | $3,343 | #49 |
| Washington | 190 | 6.625% | $13,535 | #76 |
| Nevada | 114 | 6.750% | $7,722 | #56 |
| Oregon | 69 | 6.625% | $10,331 | #87 |
| California | 49 | 6.625% | $7,410 | — |
| New Mexico | 26 | 6.375% | $7,041 | — |
| Texas | 24 | 6.750% | $9,259 | — |
| Florida | 20 | 6.688% | $5,992 | — |
| Pennsylvania | 8 | 6.808% | $6,847 | — |
| Idaho | 7 | 6.625% | $4,644 | — |
| Montana | 4 | 6.938% | $7,707 | — |
| Alabama | 3 | 6.750% | $1,963 | — |
| Nebraska | 2 | 6.312% | $9,626 | — |
| Utah | 2 | 6.058% | $6,725 | — |
| Illinois | 1 | 6.625% | $6,682 | — |
| Indiana | 1 | 6.875% | $1,665 | — |
| Oklahoma | 1 | 6.125% | $4,282 | — |
| Tennessee | 1 | 7.375% | $4,278 | — |
| Wyoming | 1 | 7.625% | $4,695 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,054 | 6.875% | — | 53 | −$3,118 | |
| 2 | $3,127 | 6.990% | — | 62 | −$3,045 | |
| 3 | $3,180 | 6.875% | — | 66 | −$2,992 | |
| 4 | $3,302 | 6.625% | — | 30 | −$2,870 | |
| 5 | $4,420 | 6.750% | — | 60 | −$1,752 | |
| 6 | $4,524 | 6.625% | — | 26 | −$1,648 | |
| 7 | $4,945 | 6.750% | — | 23 | −$1,227 | |
| 8 | $5,234 | 6.750% | — | 27 | −$938 | |
| 9 | $5,396 | 6.625% | — | 886 | −$776 | |
| 10 | $5,453 | 6.990% | — | 29 | −$719 | |
| 11 | $5,714 | 6.500% | — | 419 | −$458 | |
| 12 | $5,736 | 6.688% | — | 28 | −$436 | |
| 13 | $5,799 | 6.875% | — | 39 | −$373 | |
| 14 | $6,288 | 6.625% | — | 156 | +$116 | |
| 15 | $7,268 | 6.625% | — | 694 | +$1,096 | |
| 16 | $7,749 | 6.750% | — | 107 | +$1,577 | |
| 17 | $7,878 | 6.750% | — | 18 | +$1,706 | |
| 18 | $10,331 | 6.750% | — | 31 | +$4,159 | |
| 19 | $13,545 | 6.625% | — | 25 | +$7,373 | |
| 20 | $15,362 | 6.625% | — | 96 | +$9,190 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, 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.