Elevations Credit Union Mortgage Rates, Fees & Info

Boulder, CO

LEI: 54930067MGJBFNEN1P47

Tax ID: 84-0459116

5 stars - Updated: 4/17/25 - out of 5 stars, based on 54 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Elevations Credit Union is a small credit union specializing in Home Purchase loans. Elevations Credit Union has a high proportion of conventional 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: Denver, Boulder, Fort Collins, Greeley, and Edwards among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Elevations Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Elevations Credit Union 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
    Home Equity Line of Credit (HELOC) 9.01% 4/17/25
    30 Year Conventional Purchase 6.89% 4/17/25
    30 Year Conventional Refi 6.92% 4/17/25
    30 Year Cash-out Refi 7.09% 4/17/25
    30 Year FHA Purchase 7.13% 4/17/25
    30 Year FHA Refi 7.03% 4/17/25
    30 Year VA Purchase 6.41% 4/17/25
    30 Year VA Refi 6.14% 4/17/25
    15 Year Conventional Purchase 5.58% 4/17/25
    15 Year Conventional Refi 5.60% 4/17/25
    15 Year Cash-out Refi 5.60% 4/17/25
    15 Year VA Purchase 5.39% 4/17/25
    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.

    Elevations Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Elevations Credit Union. 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

    2,938

    Origination Dollar Volume (All Markets)

    $1,094,930,000

    Awards

    Elevations Credit Union 30 Year Conventional Loans bronze Elevations Credit Union 30 Year Conventional Loans silver Elevations Credit Union 30 Year Conventional Loans bronze
    Show all (3) awards

    Relative Rate

    Elevations Credit Union's average 30 year fixed mortgage rate was 6.72%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.17%.

    Relative Fees (Closing Costs)

    Elevations Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $4,845.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1,047 $460,005,000 $439,355 $4,715 7.38%
    BOULDER, CO (FHA|USDA|VA) 1,116 $398,520,000 $357,097 $3,921 7.73%
    FORT COLLINS, CO (FHA|USDA|VA) 382 $98,710,000 $258,403 $4,477 7.72%
    GREELEY, CO (FHA|USDA|VA) 253 $65,555,000 $259,111 $4,681 7.77%
    Edwards, CO (FHA|USDA|VA) 27 $27,345,000 $1,012,778 $6,001 6.99%
    Outside of Metro Areas 46 $21,020,000 $456,957 $5,365 7.29%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 22 $6,250,000 $284,091 $5,095 7.65%
    Breckenridge, CO (FHA|USDA|VA) 10 $5,020,000 $502,000 $6,096 7.68%
    Glenwood Springs, CO (FHA|USDA|VA) 8 $4,690,000 $586,250 $2,793 7.93%
    Durango, CO (FHA|USDA|VA) 5 $1,595,000 $319,000 $3,430 7.32%
    GRAND JUNCTION, CO (FHA|USDA|VA) 6 $1,400,000 $233,333 $3,381 7.42%
    Montrose, CO (FHA|USDA|VA) 2 $1,320,000 $660,000 $2,983 7.13%
    Steamboat Springs, CO (FHA|USDA|VA) 5 $1,285,000 $257,000 $2,255 8.24%
    Cañon City, CO (FHA|USDA|VA) 3 $765,000 $255,000 $5,165 7.54%
    PUEBLO, CO (FHA|USDA|VA) 2 $540,000 $270,000 $2,783 6.81%
    Fort Morgan, CO (FHA|USDA|VA) 2 $490,000 $245,000 $2,586 6.63%
    Craig, CO (FHA|USDA|VA) 2 $420,000 $210,000 $2,568 6.81%
    Elevations Credit Union's top markets include Denver, Boulder, Fort Collins, Greeley, and Edwards among others.

    Their top states include:
  • Colorado (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Elevations Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 264
    AIR ACADEMY
    Similarity Rank: 406
    Shea Mortgage Inc.
    Similarity Rank: 440
    PRIORITY HOME MORTGAGE, L.P.
    Similarity Rank: 532
    ON TAP
    Similarity Rank: 798
    ROCKY MOUNTAIN LAW ENFORCEMENT FCU
    Similarity Rank: 798
    INTEGRITY MORTGAGE & FINANCIAL INCORPORATED
    Similarity Rank: 1085
    South Pacific Financial Corporation
    Similarity Rank: 1665
    IDEAL HOME LOANS LLC
    Similarity Rank: 1992
    M2 Lending Solutions, LLC
    Similarity Rank: 1998

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,792 $906,970,000 $506,122 $4,077 6.90%
    HELOC 1,067 $150,545,000 $141,092 n/a 8.85%
    FHA 44 $19,910,000 $452,500 $14,056 6.20%
    VA 35 $17,505,000 $500,143 $10,711 6.20%

    For 2024, Elevations Credit Union's most frequently originated type of loan was Conventional, with 1,792 originations. Their 2nd most popular type was HELOC, with 1,067 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,507 $822,625,000 $545,869 $4,898 6.72%
    Cash Out Refi 659 $107,795,000 $163,574 $2,254 8.39%
    Home Improvement 340 $48,810,000 $143,559 $190 8.89%
    Other 270 $34,680,000 $128,444 $215 9.03%
    Refi 162 $81,020,000 $500,123 $4,896 7.24%

    For 2024, Elevations Credit Union's most frequently cited loan purpose was Home Purchase, with 1,507 originations. The 2nd most popular reason was Cash Out Refi, with 659 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,571 $873,285,000 $555,878 $4,845 6.72%
    20 Year 1,290 $191,350,000 $148,333 $1,588 8.66%
    10 Year 24 $2,810,000 $117,083 $1,393 7.75%
    15 Year 23 $8,145,000 $354,130 $9,806 5.91%
    Other 21 $18,845,000 $897,381 $2,189 8.02%
    5 Year 9 $495,000 $55,000 $266 8.20%

    For 2024, Elevations Credit Union's most frequently cited loan duration was 30 Year, with 1,571 originations. The 2nd most popular length was 20 Year, with 1,290 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,033 $547,445,000 $529,956
    $1k-2k 360 $134,660,000 $374,056
    $5k+ 199 $110,835,000 $556,960
    $2k-3k 147 $77,475,000 $527,041
    $3k-4k 65 $30,665,000 $471,769
    $4k-5k 54 $27,640,000 $511,852

    Elevations Credit Union's average total fees were $4,845, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,033 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 1,190 $666,490,000 $560,076
    Over 8% 1,169 $163,045,000 $139,474
    7-8% 414 $189,330,000 $457,319
    5-6% 153 $70,885,000 $463,301
    4-5% 12 $5,180,000 $431,667

    During 2024, Elevations Credit Union's average interest rate for loans was 6.72%, while their most frequently originated rate bucket for loans was 6-7%, with 1,190 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 727 $211,635,000 $291,107 $4,502 7.38%
    $400k-600k 620 $302,720,000 $488,258 $5,056 6.82%
    $100,000 or less 600 $33,540,000 $55,900 $590 8.74%
    $100k-200k 481 $66,085,000 $137,391 $2,519 8.38%
    $600k-1MM 366 $269,640,000 $736,721 $5,408 6.70%
    $1MM+ 144 $211,310,000 $1,467,431 $5,231 6.79%

    2024 saw Elevations Credit Union place emphasis on $200k-400k loans with 727 originations, totaling $211,635,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 947 $345,325,000 $364,652 $4,289 7.63%
    $100k-150k 710 $199,270,000 $280,662 $4,365 7.58%
    $250k+ 630 $409,340,000 $649,746 $4,941 7.54%
    $75k-100k 319 $70,335,000 $220,486 $4,465 7.58%
    $50k-75k 231 $37,125,000 $160,714 $3,818 7.50%
    $50k or less 52 $5,360,000 $103,077 $3,486 7.54%

    Elevations Credit Union lent most frequently to those with incomes in the $150k-250k range, with 947 originations. The second most popular income band? $100k-150k, with 710 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 525 $171,795,000 $327,229 $4,071 7.64%
    20-30% 478 $162,050,000 $339,017 $4,028 7.55%
    42% 159 $62,855,000 $395,314 $3,766 7.56%
    44% 159 $55,355,000 $348,145 $4,329 7.98%
    49% 148 $66,110,000 $446,689 $4,923 7.16%
    43% 140 $58,740,000 $419,571 $4,919 7.62%
    41% 130 $50,220,000 $386,308 $4,219 7.78%
    39% 120 $48,330,000 $402,750 $3,717 7.63%
    40% 118 $42,640,000 $361,356 $4,126 7.58%
    45% 117 $47,585,000 $406,709 $4,195 7.86%
    <20% 115 $34,185,000 $297,261 $4,211 7.40%
    48% 109 $48,075,000 $441,055 $5,175 7.40%
    50-60% 107 $49,005,000 $457,991 $10,297 7.64%
    37% 105 $34,405,000 $327,667 $4,084 7.71%
    38% 103 $34,265,000 $332,670 $4,088 7.62%
    46% 101 $42,185,000 $417,673 $4,063 7.40%
    47% 95 $36,975,000 $389,211 $5,428 7.19%
    36% 92 $33,460,000 $363,696 $4,300 7.60%
    >60% 4 $1,220,000 $305,000 $1,497 7.68%

    Elevations Credit Union lent most frequently to those with DTI ratios of 30-36%, with 525 originations. The next most common DTI ratio? 20-30%, with 478 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,410 $888,670,000 $368,743 $4,354 7.58%
    Not provided 338 $117,900,000 $348,817 $5,086 7.71%
    Asian 118 $54,870,000 $465,000 $4,528 7.19%
    Not applicable 14 $16,320,000 $1,165,714 $0 8.29%
    American Indian 27 $9,555,000 $353,889 $4,187 7.48%
    Black 22 $6,050,000 $275,000 $3,744 8.29%
    Native Hawaiian or Islander 5 $1,115,000 $223,000 $3,060 7.94%
    Asian Indian 1 $175,000 $175,000 $0 9.99%
    Filipino 1 $155,000 $155,000 $0 9.74%
    Other Asian 1 $95,000 $95,000 $120 8.49%
    Chinese 1 $25,000 $25,000 $0 8.74%

    Approval Rates

    Total approvals of all applications
    85.26%

    Elevations Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.64%

    Elevations Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,938 $1,094,930,000 $372,679

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,938 $1,094,930,000 $372,679

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 454 $117,130,000 $257,996 $3,224 8.12%
    40-60% 299 $134,415,000 $449,548 $4,241 6.86%
    60-80% 662 $423,050,000 $639,048 $4,737 6.76%
    80-100% 587 $326,485,000 $556,193 $5,592 6.70%
    Over 100% 6 $3,280,000 $546,667 $20,395 6.35%
    Under 20% 930 $90,570,000 $97,387 $637 8.72%