Elements Financial Federal Credit Union Mortgage Rates, Fees & Info
Indianapolis, INLEI: 549300NZWZUYUWEOA562
Tax ID: 35-6022541
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Mortgage Data
Review & Overview
Elements Financial Federal Credit Union is a smaller credit union specializing in Home Purchase loans. Elements Financial Federal 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Indianapolis, Chicago, Bloomington, Denver, and Washington among others. We have data for 158 markets. (Some data included below & more in-depth data is available with an active subscription.)Elements Financial Federal 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. Elements Financial Federal 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/21/24 |
| 30 Year Conventional Purchase | 6.52% | 4/21/24 |
| 30 Year Conventional Refi | 6.33% | 4/21/24 |
| 30 Year Cash-out Refi | 6.51% | 4/21/24 |
| 30 Year FHA Purchase | 7.48% | 4/21/24 |
| 30 Year FHA Refi | 6.61% | 4/21/24 |
| 30 Year VA Purchase | 6.30% | 4/21/24 |
| 30 Year VA Refi | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 6.07% | 4/21/24 |
| 15 Year Conventional Refi | 6.10% | 4/21/24 |
| 15 Year Cash-out Refi | 6.10% | 4/21/24 |
| 15 Year VA Refi | 5.68% | 4/21/24 |
| 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. | ||
Elements Financial Federal Credit Union Mortgage Calculator
Your Estimates
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This is not an official calculator from Elements Financial Federal Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,381Origination Dollar Volume (All Markets)
$587,725,000Awards
Elements Financial Federal Credit Union - 2021
Elements Financial Federal Credit Union is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1,874 | $453,440,000 | $241,964 | $2,739 | 2.66% |
| Outside of Metro Areas | 31 | $5,925,000 | $191,129 | $2,997 | 2.65% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 17 | $5,775,000 | $339,706 | $4,674 | 2.40% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 18 | $4,980,000 | $276,667 | $3,006 | 3.10% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 11 | $4,705,000 | $427,727 | $3,904 | 1.81% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 8 | $4,020,000 | $502,500 | $4,819 | 2.45% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 15 | $3,875,000 | $258,333 | $5,020 | 2.30% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 7 | $3,445,000 | $492,143 | $5,182 | 2.55% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 6 | $3,350,000 | $558,333 | $6,714 | 2.75% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 14 | $3,220,000 | $230,000 | $2,466 | 2.95% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 10 | $3,130,000 | $313,000 | $4,218 | 2.72% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 9 | $2,995,000 | $332,778 | $3,146 | 2.26% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 10 | $2,540,000 | $254,000 | $3,234 | 1.72% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 5 | $2,535,000 | $507,000 | $8,020 | 1.87% |
| Warsaw, IN (FHA|USDA|VA) | 4 | $2,410,000 | $602,500 | $2,960 | 2.65% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 8 | $2,360,000 | $295,000 | $4,508 | 2.53% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 12 | $2,320,000 | $193,333 | $2,680 | 2.47% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 6 | $2,150,000 | $358,333 | $4,579 | 2.73% |
| FORT COLLINS, CO (FHA|USDA|VA) | 5 | $2,145,000 | $429,000 | $3,363 | 2.32% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 6 | $2,040,000 | $340,000 | $4,193 | 2.75% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 17 | $1,985,000 | $116,765 | $2,449 | 2.84% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 7 | $1,935,000 | $276,429 | $4,191 | 3.57% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 5 | $1,715,000 | $343,000 | $8,262 | 1.67% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 5 | $1,705,000 | $341,000 | $7,049 | 1.39% |
| FORT WAYNE, IN (FHA|USDA|VA) | 8 | $1,700,000 | $212,500 | $2,032 | 2.78% |
| COLUMBUS, OH (FHA|USDA|VA) | 6 | $1,690,000 | $281,667 | $3,336 | 2.73% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $1,505,000 | $501,667 | $9,143 | 1.74% |
| BEND, OR (FHA|USDA|VA) | 3 | $1,435,000 | $478,333 | $5,280 | 2.88% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 8 | $1,430,000 | $178,750 | $2,331 | 3.15% |
| LOUISVILLE, KY (FHA|USDA|VA) | 5 | $1,425,000 | $285,000 | $3,031 | 3.13% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $1,385,000 | $461,667 | $6,322 | 1.66% |
| KNOXVILLE, TN (FHA|USDA|VA) | 5 | $1,305,000 | $261,000 | $3,551 | 2.42% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 5 | $1,305,000 | $261,000 | $3,421 | 2.40% |
| NILES, MI (FHA|USDA|VA) | 3 | $1,235,000 | $411,667 | $3,289 | 3.33% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 5 | $1,225,000 | $245,000 | $0 | 2.19% |
| Glenwood Springs, CO (FHA|USDA|VA) | 3 | $1,195,000 | $398,333 | $3,024 | 2.66% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 4 | $1,160,000 | $290,000 | $4,448 | 2.09% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $1,150,000 | $575,000 | $5,757 | 3.06% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 5 | $1,145,000 | $229,000 | $4,206 | 2.47% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $1,100,000 | $550,000 | $5,675 | 2.12% |
| BOULDER, CO (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $2,878 | 2.47% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $1,055,000 | $351,667 | $4,351 | 3.04% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $2,618 | 4.53% |
| ANN ARBOR, MI (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $0 | 0.99% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 4 | $970,000 | $242,500 | $3,430 | 2.31% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $2,386 | 3.13% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $3,024 | 2.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 5 | $855,000 | $171,000 | $2,728 | 2.12% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $3,293 | 2.08% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $3,575 | 3.00% |
| New Castle, IN (FHA|USDA|VA) | 7 | $775,000 | $110,714 | $2,036 | 2.55% |
| Crawfordsville, IN (FHA|USDA|VA) | 6 | $770,000 | $128,333 | $2,499 | 2.31% |
| COLUMBUS, IN (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $3,704 | 2.37% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $4,008 | 2.75% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $2,450 | 3.25% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $3,869 | 3.38% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $5,247 | 3.50% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 5 | $685,000 | $137,000 | $0 | 0.99% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $2,804 | 1.87% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $3,389 | 2.81% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $5,185 | 3.13% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $1,838 | 4.83% |
| Angola, IN (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $3,750 | 2.63% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $22,634 | 3.00% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $3,227 | 3.38% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $6,809 | 3.25% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $2,748 | 1.74% |
| GREELEY, CO (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $2,931 | 2.25% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 2.87% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $4,872 | 1.70% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $0 | 0.99% |
| Jackson, WY-ID (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.99% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $3,760 | 2.88% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $4,162 | 3.00% |
| TULSA, OK (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $4,592 | 1.87% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $14,949 | 3.13% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,486 | 3.25% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $2,561 | 2.06% |
| BOISE CITY, ID (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 4.00% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,669 | 3.63% |
| Searcy, AR (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,934 | 3.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.99% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $3,936 | 2.54% |
| Newport, TN (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,242 | 3.50% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $6,627 | 3.63% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $2,842 | 2.41% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,205 | 3.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,435 | 3.00% |
| Richmond, IN (FHA|USDA|VA) | 4 | $320,000 | $80,000 | $2,470 | 2.22% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $2,599 | 1.93% |
| Newport, OR (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,731 | 3.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $2,511 | 1.75% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,571 | 2.50% |
| Laramie, WY (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 3.75% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,354 | 3.25% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $2,870 | 4.13% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,481 | 2.75% |
| MONROE, MI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,471 | 3.38% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 2.37% |
| AKRON, OH (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,264 | 2.50% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,774 | 2.88% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,509 | 2.88% |
| SYRACUSE, NY (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $4,120 | 2.31% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.99% |
| Marion, IN (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $2,387 | 2.94% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,324 | 2.88% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $550 | 2.91% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $1,912 | 3.25% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,973 | 3.63% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,327 | 3.38% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,687 | 2.13% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,106 | 2.50% |
| DALTON, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.99% |
| Peru, IN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,001 | 2.88% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.99% |
| Gloversville, NY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,526 | 3.13% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,030 | 3.50% |
| MUNCIE, IN (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $2,217 | 2.79% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $2,660 | 3.13% |
| Greensburg, IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,300 | 2.63% |
| Spearfish, SD (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,292 | 2.63% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.99% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.99% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 2.37% |
| KOKOMO, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,108 | 3.38% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.99% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,821 | 3.13% |
| FLINT, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,223 | 2.50% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.99% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 0.99% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,637 | 3.75% |
| TYLER, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,031 | 2.38% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.99% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,560 | 3.25% |
| SALEM, OR (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 2.37% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.99% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.99% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 1.99% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,146 | 3.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.99% |
| Corinth, MS (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.99% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,815 | 4.38% |
| North Vernon, IN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.75% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.99% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,859 | 3.38% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $550 | 5.74% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.99% |
| OCALA, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 1.99% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.99% |
| Kendallville, IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.99% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.99% |
| Bardstown, KY (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.99% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.99% |
| Frankfort, IN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 3.75% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.99% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.99% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.99% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.99% |
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We use machine learning to identify the top lenders compared against Elements Financial Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2021, Elements Financial Federal Credit Union's most frequently originated type of loan was Conventional, with 1,508 originations. Their 2nd most popular type was HELOC, with 831 originations.
Loan Reason
For 2021, Elements Financial Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 1,032 originations. The 2nd most popular reason was Home Improvement, with 447 originations.
Loan Duration/Length
For 2021, Elements Financial Federal Credit Union's most frequently cited loan duration was 30 Year, with 1,097 originations. The 2nd most popular length was Other, with 835 originations.
Origination Fees/Closing Costs
Elements Financial Federal Credit Union's average total fees were $3,046, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,259 originations.
Interest Rates
During 2021, Elements Financial Federal Credit Union's average interest rate for loans was 3.12%, while their most frequently originated rate bucket for loans was <2.5%, with 860 originations.
Loan Sizing
2021 saw Elements Financial Federal Credit Union place emphasis on $200k-400k loans with 745 originations, totaling $207,155,000 in origination value.
Applicant Income
Elements Financial Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 603 originations. The second most popular income band? $150k-250k, with 546 originations.
Applicant Debt to Income Ratio
Elements Financial Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 688 originations. The next most common DTI ratio? <20%, with 521 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.43%
Elements Financial Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination79.08%
Elements Financial Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,381 | $587,725,000 | $246,840 |