Elements Financial Federal Credit Union mortgage approval rate & lending review
Elements Financial Federal Credit Union decided 3,465 mortgage applications and funded 2,946 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Elements Financial Federal Credit Union reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Elements Financial Federal Credit Union at a glance
Approval is 11.1 points above the 75.6% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 95% | 1,433 / 1,510 | 99% | $275K | 1,414 |
| Home improvement loans | 80% | 850 / 1,061 | 98% | $85K | 829 |
| Cash-out refinance | 83% | 528 / 639 | 97% | $105K | 513 |
| Refinance | 84% | 72 / 86 | 97% | $165K | 70 |
| Investment property purchase | 82% | 87 / 106 | 100% | $155K | 87 |
| Investment home improvement | 38% | 15 / 39 | 93% | $75K | 14 |
Elements Financial Federal Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Indiana | 89% | $165K | 3,036 | 2,640 |
| Florida | 76% | $185K | 49 | 36 |
| Colorado | 61% | $85K | 38 | 21 |
| California | 50% | $205K | 32 | 16 |
| Illinois | 69% | $125K | 32 | 21 |
| North Carolina | 84% | $375K | 32 | 26 |
| Georgia | 65% | $115K | 26 | 16 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Elements Financial Federal Credit Union lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Marion County, IN | Mortgage lenders | 95% | 663 | 615 |
| Hamilton County, IN | Mortgage lenders | 97% | 383 | 371 |
| Marion County, IN | Home improvement loans | 80% | 404 | 318 |
| Hamilton County, IN | Home improvement loans | 89% | 244 | 211 |
| Marion County, IN | Cash-out refinance | 86% | 221 | 185 |
| Hendricks County, IN | Mortgage lenders | 96% | 165 | 158 |
| Hamilton County, IN | Cash-out refinance | 81% | 185 | 147 |
| Hendricks County, IN | Home improvement loans | 85% | 93 | 78 |
| Johnson County, IN | Mortgage lenders | 95% | 82 | 77 |
| Johnson County, IN | Home improvement loans | 81% | 75 | 61 |
| Hendricks County, IN | Cash-out refinance | 85% | 55 | 46 |
| Johnson County, IN | Cash-out refinance | 82% | 55 | 41 |
The county markets where Elements Financial Federal Credit Union made the most loans. Each link opens that market with every lender ranked.
Questions about Elements Financial Federal Credit Union
What is Elements Financial Federal Credit Union's mortgage approval rate?
Elements Financial Federal Credit Union approved 86.7% of the 3,465 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 11.1 points above the 75.6% national rate for the same mix of loan types.
How often do borrowers take the loan Elements Financial Federal Credit Union offers?
Borrowers accepted 98% of the loans Elements Financial Federal Credit Union approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Elements Financial Federal Credit Union make?
The typical home purchase mortgage loan Elements Financial Federal Credit Union made was $275K; across all loan types its typical loan ran from $75K to $275K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Elements Financial Federal Credit Union lend?
Elements Financial Federal Credit Union decided applications in 46 of the states Fat Boy Data covers, most of them in Indiana, Florida and Colorado.
Can I apply to Elements Financial Federal Credit Union directly?
Yes. Elements Financial Federal Credit Union is a bank or credit union with 4 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Elements Financial Federal Credit Union's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Elements Financial Federal Credit Union treats applications, then get a rate quote from the lender.