Nova Financial & Investment · Florida · 2025

Nova Financial & Investment in Florida: approval rate, denial rate and rates (2025)

Nova Financial & Investment took 73 mortgage applications in Florida in 2025, ranking #541 of 1,993 lenders active in the state. It originated 57.5% of them and denied 11.0% (15.1% of the applications it decided), against a statewide denial rate of 21.1%.

73Applicationsin FL
15.1%Decision denial ratestate 27.2%
6.31%Median ratestate 6.63%
$275,000Median loanstate $255,000
$13MVolume28 counties

Nova Financial & Investment in Florida vs the state

11.0%Denial rate-10.10 pts vs state
15.1%Decision denial rate-12.15 pts vs state
57.5%Origination rate+4.84 pts vs state
6.31%Median rate-0.31 pts vs state
0.28Rate spread (pts)+0.01 pts vs state
$8kMedian applicant income
42Loans originated
8Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
202343194.7%6.99%#659
202458366.9%7.06%#572
2025734211.0%6.31%#541

What Nova Financial & Investment lends in Florida

By loan purpose

Home purchase 51 70% · 7.8% denied
Refinance 8 11% · 0.0% denied
Cash-out refinance 12 16% · 33.3% denied
Home improvement 2 3% · 0.0% denied

By loan type

Conventional 41 56% · 9.8% denied
FHA 28 38% · 10.7% denied
VA 4 5% · 25.0% denied

Why it denied Florida applicants

Collateral 3 38%
Incomplete application 3 38%
Credit history 1 13%
Debt-to-income ratio 1 13%

Where in Florida

Counties with the most Nova Financial & Investment applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Marion County 1663 18.8%
Pinellas County 530 0.0%
Charlotte County 530 0.0%
Polk County 420 0.0%
Okaloosa County 330 0.0%
Manatee County 320 0.0%
St. Lucie County 320 0.0%
Duval County 311 33.3%
Lee County 320 0.0%
DeSoto County 330 0.0%

Other large lenders in Florida

LenderGradeApplicationsDenial rateMedian rate
United Shore Financial ServicesB 71,40515.3%6.44%
Rocket MortgageC 46,61121.0%6.63%
Bank of AmericaF 23,63437.7%6.24%
Pennymac Loan ServicesC 19,51614.1%6.50%
Navy Federal Credit UnionD 19,45223.2%7.59%
Crosscountry MortgageB 19,1035.2%6.75%
NewrezD 17,51922.4%6.75%
Dhi Mortgage CompanyB 16,66114.5%4.88%
Lennar MortgageA 14,98421.0%4.75%
Truist BankC 14,14041.5%6.60%

Frequently asked questions

Florida: 73 applications in 2025, of which 42 were originated and 8 denied.

11.0% of all applications, or 15.1% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans Nova Financial & Investment originated in Florida in 2025 was 6.31%, against a statewide median of 6.63%.

About this data. Figures are Nova Financial & Investment's own HMDA filing for properties located in Florida, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology