Elevations mortgage approval rate & lending review
Elevations decided 8,584 mortgage applications and funded 7,206 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Elevations reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Elevations at a glance
Approval is 9.0 points above the 77.2% 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 | 96% | 3,730 / 3,873 | 98% | $485K | 3,654 |
| Home improvement loans | 72% | 962 / 1,342 | 100% | $105K | 962 |
| Cash-out refinance | 80% | 1,760 / 2,191 | 95% | $155K | 1,666 |
| Refinance | 84% | 462 / 550 | 99% | $375K | 456 |
| Investment property purchase | 96% | 252 / 263 | 97% | $355K | 245 |
| Investment cash-out refinance | 65% | 142 / 219 | 95% | $155K | 135 |
| Investment refinance | 78% | 35 / 45 | 94% | $505K | 33 |
| Investment home improvement | 54% | 55 / 101 | 100% | $155K | 55 |
Elevations lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Colorado | 86% | $485K | 8,584 | 7,206 |
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 Elevations lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Boulder County, CO | Mortgage lenders | 97% | 1,361 | 1,298 |
| Boulder County, CO | Cash-out refinance | 82% | 1,041 | 821 |
| Larimer County, CO | Mortgage lenders | 96% | 564 | 530 |
| Boulder County, CO | Home improvement loans | 75% | 632 | 473 |
| Denver County, CO | Mortgage lenders | 98% | 484 | 465 |
| Jefferson County, CO | Mortgage lenders | 98% | 473 | 452 |
| Weld County, CO | Mortgage lenders | 91% | 356 | 315 |
| Larimer County, CO | Cash-out refinance | 78% | 363 | 266 |
| Adams County, CO | Mortgage lenders | 96% | 278 | 263 |
| Boulder County, CO | Refinance | 86% | 248 | 210 |
| Arapahoe County, CO | Mortgage lenders | 96% | 188 | 175 |
| Weld County, CO | Cash-out refinance | 77% | 235 | 172 |
The county markets where Elevations made the most loans. Each link opens that market with every lender ranked.
Questions about Elevations
What is Elevations's mortgage approval rate?
Elevations approved 86.2% of the 8,584 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 9.0 points above the 77.2% national rate for the same mix of loan types.
How often do borrowers take the loan Elevations offers?
Borrowers accepted 97% of the loans Elevations 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 Elevations make?
The typical home purchase mortgage loan Elevations made was $485K; across all loan types its typical loan ran from $105K to $505K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Elevations lend?
Elevations decided applications in 1 of the states Fat Boy Data covers, most of them in Colorado.
Can I apply to Elevations directly?
Yes. Elevations is a bank or credit union with 14 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Elevations'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 Elevations treats applications, then get a rate quote from the lender.