Elements Financial Federal Credit Union closing costs and rates (2024)
In 2024, Elements Financial Federal Credit Union originated 499 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $3,014. That is $3,727 below the national median of $6,741. Elements Financial Federal Credit Union is most active in Indiana with 449 originations there.
Purchase Originations
499
Median Total Costs
$3,014
−55.3% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$995
Median Lender Credits
$712
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 451 | 6.625% | $2,961 | $995 |
| fha | 35 | 6.250% | $8,049 | $995 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Indiana | 449 | 6.625% | $2,961 | #38 |
| North Carolina | 9 | 6.125% | $3,780 | — |
| Florida | 4 | 6.812% | $4,273 | — |
| Georgia | 4 | 6.750% | $4,798 | — |
| Colorado | 3 | 6.125% | $4,833 | — |
| Pennsylvania | 3 | 6.625% | $3,841 | — |
| Alabama | 2 | 6.750% | $2,513 | — |
| Arizona | 2 | 6.062% | $5,686 | — |
| Michigan | 2 | 6.938% | $7,911 | — |
| Minnesota | 2 | 6.125% | $4,163 | — |
| Missouri | 2 | 6.812% | $3,346 | — |
| Texas | 2 | 6.312% | $9,733 | — |
| Wisconsin | 2 | 6.188% | $2,454 | — |
| California | 1 | 6.500% | $15,291 | — |
| District of Columbia | 1 | 7.875% | $10,158 | — |
| Delaware | 1 | 6.750% | $5,895 | — |
| Kentucky | 1 | 6.875% | $3,913 | — |
| Louisiana | 1 | 7.250% | $6,227 | — |
| Massachusetts | 1 | 6.125% | $4,343 | — |
| Maryland | 1 | 6.500% | $6,010 | — |
| New Jersey | 1 | 6.000% | $6,667 | — |
| Ohio | 1 | 5.875% | $2,400 | — |
| Oregon | 1 | 6.125% | $5,769 | — |
| Rhode Island | 1 | 6.625% | $3,898 | — |
| South Carolina | 1 | 6.375% | $5,035 | — |
| Tennessee | 1 | 6.500% | $7,799 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,425 | 5.938% | — | 4 | −$589 | |
| 2 | $2,574 | 6.000% | — | 5 | −$440 | |
| 3 | $2,689 | 6.500% | — | 3 | −$325 | |
| 4 | $2,716 | 6.500% | — | 5 | −$298 | |
| 5 | $2,777 | 6.625% | — | 6 | −$237 | |
| 6 | $2,898 | 6.688% | — | 16 | −$116 | |
| 7 | $2,905 | 6.625% | — | 187 | −$109 | |
| 8 | $2,945 | 6.500% | — | 51 | −$69 | |
| 9 | $2,966 | 6.375% | — | 21 | −$48 | |
| 10 | $2,976 | 6.562% | — | 2 | −$38 | |
| 11 | $3,013 | 6.750% | — | 2 | −$1 | |
| 12 | $3,074 | 6.625% | — | 26 | +$60 | |
| 13 | $3,080 | 6.750% | — | 11 | +$66 | |
| 14 | $3,084 | 6.750% | — | 94 | +$70 | |
| 15 | $3,608 | 6.000% | — | 2 | +$594 | |
| 16 | $3,641 | 6.312% | — | 2 | +$627 | |
| 17 | $3,673 | 6.625% | — | 2 | +$659 | |
| 18 | $3,953 | 7.000% | — | 2 | +$939 | |
| 19 | $4,724 | 6.000% | — | 2 | +$1,710 | |
| 20 | $7,411 | 6.312% | — | 2 | +$4,397 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.