Elements Financial Federal Cre Mortgage Lending & HMDA Data, 2024
In 2024, Elements Financial Federal Cre of Indianapolis, IN reported 1,838 mortgage applications totaling $408.9 million, down 20% from 2023. The average application was for $222,486, and applicants reported an average income of $170,034. 70% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Indianapolis-Carmel-Anderson, IN (1,340), Bloomington, IN (21) and Lafayette-West Lafayette, IN (17) (applications in parentheses).
| Mortgage Company & Address | Elements Financial Federal Cre 225 S East St, Suite 300 Indianapolis, IN 46202 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,838 |
| Total Mortgage Loan Application Amount | $408,930,000 |
| Average Mortgage Loan Application Amount | $222,486 |
| Highest Mortgage Loan Application Amount | $4,165,000 |
| Average Applicant Income | $170,034 |
| Highest Applicant Income | $2,750,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Elements Financial Federal Cre filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Indianapolis-Carmel-Anderson, IN | 1,340 | $ 303,460,000 | $ 226,462 | $ 165,000 |
| Outside any metro area | 135 | $ 21,895,000 | $ 162,185 | $ 140,007 |
| Bloomington, IN | 21 | $ 6,005,000 | $ 285,952 | $ 185,000 |
| Lafayette-West Lafayette, IN | 17 | $ 3,025,000 | $ 177,941 | $ 96,000 |
| Colorado Springs, CO | 16 | $ 2,250,000 | $ 140,625 | $ 129,000 |
| Terre Haute, IN | 12 | $ 1,580,000 | $ 131,666 | $ 166,000 |
| Chicago-Naperville, IL | 10 | $ 1,880,000 | $ 188,000 | $ 219,000 |
| Atlanta-Sandy Springs-Roswell, GA | 9 | $ 3,115,000 | $ 346,111 | $ 327,000 |
| Fort Wayne, IN | 8 | $ 1,130,000 | $ 141,250 | $ 152,000 |
| Charlotte-Concord-Gastonia, NC-SC | 7 | $ 1,675,000 | $ 239,285 | $ 144,000 |
| Columbus, IN | 7 | $ 1,805,000 | $ 257,857 | $ 113,000 |
| Lake County-Porter County-Jasper County, IN | 7 | $ 705,000 | $ 100,714 | $ 104,000 |
| Louisville/Jefferson County, KY-IN | 7 | $ 1,165,000 | $ 166,428 | $ 133,142 |
| Muncie, IN | 7 | $ 625,000 | $ 89,285 | $ 93,000 |
| Cincinnati, OH-KY-IN | 6 | $ 790,000 | $ 131,666 | $ 152,000 |
| Denver-Aurora-Lakewood, CO | 6 | $ 2,020,000 | $ 336,666 | $ 203,000 |
| San Francisco-Redwood City-South San Francisco, CA | 6 | $ 1,250,000 | $ 208,333 | $ 239,000 |
| Dallas-Plano-Irving, TX | 5 | $ 1,225,000 | $ 245,000 | $ 289,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 5 | $ 2,505,000 | $ 501,000 | $ 349,000 |
| Kokomo, IN | 5 | $ 1,075,000 | $ 215,000 | $ 103,000 |
| Lake County-Kenosha County, IL-WI | 5 | $ 1,655,000 | $ 331,000 | $ 374,000 |
| Los Angeles-Long Beach-Glendale, CA | 5 | $ 2,605,000 | $ 521,000 | $ 299,000 |
| Marietta, GA | 5 | $ 605,000 | $ 121,000 | $ 116,000 |
| North Port-Sarasota-Bradenton, FL | 5 | $ 795,000 | $ 159,000 | $ 129,000 |
| Arlington-Alexandria-Reston, VA-WV | 4 | $ 760,000 | $ 190,000 | $ 174,000 |
| Elgin, IL | 4 | $ 260,000 | $ 65,000 | $ 157,000 |
| Houston-The Woodlands-Sugar Land, TX | 4 | $ 630,000 | $ 157,500 | $ 272,000 |
| Montgomery County-Bucks County-Chester County, PA | 4 | $ 810,000 | $ 202,500 | $ 178,000 |
| Pittsburgh, PA | 4 | $ 420,000 | $ 105,000 | $ 125,000 |
| Portland-South Portland, ME | 4 | $ 1,370,000 | $ 342,500 | $ 124,000 |
| Raleigh, NC | 4 | $ 1,480,000 | $ 370,000 | $ 180,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 4 | $ 1,440,000 | $ 360,000 | $ 116,000 |
| Columbus, OH | 3 | $ 535,000 | $ 178,333 | $ 130,000 |
| Elkhart-Goshen, IN | 3 | $ 505,000 | $ 168,333 | $ 111,000 |
| Lakewood-New Brunswick, NJ | 3 | $ 1,425,000 | $ 475,000 | $ 552,000 |
| Miami-Miami Beach-Kendall, FL | 3 | $ 345,000 | $ 115,000 | $ 153,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 3 | $ 855,000 | $ 285,000 | $ 243,000 |
| Newark, NJ-PA | 3 | $ 215,000 | $ 71,666 | $ 138,000 |
| Philadelphia, PA | 3 | $ 545,000 | $ 181,666 | $ 141,000 |
| Phoenix-Mesa-Scottsdale, AZ | 3 | $ 715,000 | $ 238,333 | $ 133,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 3 | $ 2,025,000 | $ 675,000 | $ 256,000 |
| San Diego-Carlsbad, CA | 3 | $ 1,255,000 | $ 418,333 | $ 247,000 |
| St. Louis, MO-IL | 3 | $ 315,000 | $ 105,000 | $ 125,000 |
| Tucson, AZ | 3 | $ 625,000 | $ 208,333 | $ 208,000 |
| Washington-Baltimore-Arlington, DC | 3 | $ 925,000 | $ 308,333 | $ 171,000 |
| Akron, OH | 2 | $ 380,000 | $ 190,000 | $ 212,000 |
| Amherst Town-Northampton, MA | 2 | $ 210,000 | $ 105,000 | $ 726,000 |
| Anchorage, AK | 2 | $ 140,000 | $ 70,000 | $ 270,000 |
| Bend-Redmond, OR | 2 | $ 1,010,000 | $ 505,000 | $ 781,000 |
| Birmingham-Hoover, AL | 2 | $ 650,000 | $ 325,000 | $ 129,000 |
| Boston, MA | 2 | $ 910,000 | $ 455,000 | $ 273,000 |
| Cambridge-Newton-Framingham, MA | 2 | $ 500,000 | $ 250,000 | $ 312,000 |
| Cleveland, OH | 2 | $ 260,000 | $ 130,000 | $ 229,000 |
| Davenport-Moline-Rock Island, IA-IL | 2 | $ 210,000 | $ 105,000 | $ 239,000 |
| Durham-Chapel Hill, NC | 2 | $ 570,000 | $ 285,000 | $ 170,000 |
| Fort Collins, CO | 2 | $ 320,000 | $ 160,000 | $ 228,000 |
| Kansas City, MO-KS | 2 | $ 150,000 | $ 75,000 | $ 131,000 |
| Knoxville, TN | 2 | $ 210,000 | $ 105,000 | $ 81,000 |
| Lakeland-Winter Haven, FL | 2 | $ 280,000 | $ 140,000 | $ 68,000 |
| Memphis, TN-MS-AR | 2 | $ 320,000 | $ 160,000 | $ 114,500 |
| Milwaukee-Waukesha-West Allis, WI | 2 | $ 360,000 | $ 180,000 | $ 137,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 2 | $ 210,000 | $ 105,000 | $ 96,000 |
| Oakland-Hayward-Berkeley, CA | 2 | $ 850,000 | $ 425,000 | $ 155,000 |
| Panama City, FL | 2 | $ 230,000 | $ 115,000 | $ 156,000 |
| Punta Gorda, FL | 2 | $ 380,000 | $ 190,000 | $ 126,000 |
| Weirton-Steubenville, WV-OH | 2 | $ 80,000 | $ 40,000 | $ 93,500 |
| Albuquerque, NM | 1 | $ 205,000 | $ 205,000 | $ 527,000 |
| Anaheim-Santa Ana-Irvine, CA | 1 | $ 205,000 | $ 205,000 | $ 230,000 |
| Ann Arbor, MI | 1 | $ 495,000 | $ 495,000 | $ 217,000 |
| Asheville, NC | 1 | $ 325,000 | $ 325,000 | $ 116,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 185,000 | $ 185,000 | $ 71,000 |
| Baltimore-Columbia-Towson, MD | 1 | $ 55,000 | $ 55,000 | $ 216,000 |
| Boise City, ID | 1 | $ 5,000 | $ 5,000 | $ 75,000 |
| Boulder, CO | 1 | $ 55,000 | $ 55,000 | $ 138,000 |
| Bowling Green, KY | 1 | $ 165,000 | $ 165,000 | $ 168,000 |
| Camden, NJ | 1 | $ 105,000 | $ 105,000 | $ 114,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 125,000 | $ 125,000 | $ 204,000 |
| Champaign-Urbana, IL | 1 | $ 105,000 | $ 105,000 | $ 130,000 |
| Charleston-North Charleston, SC | 1 | $ 705,000 | $ 705,000 | $ 417,000 |
| Chico, CA | 1 | $ 75,000 | $ 75,000 | $ 175,000 |
| Cleveland, TN | 1 | $ 125,000 | $ 125,000 | $ 160,000 |
| Columbus, GA-AL | 1 | $ 345,000 | $ 345,000 | $ 149,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 75,000 | $ 75,000 | $ 54,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 85,000 | $ 85,000 | $ 609,000 |
| Eugene, OR | 1 | $ 185,000 | $ 185,000 | $ 63,000 |
| Evansville, IN-KY | 1 | $ 125,000 | $ 125,000 | $ 163,000 |
| Everett, WA | 1 | $ 2,005,000 | $ 2,005,000 | $ 1,900,000 |
| Fort Worth-Arlington, TX | 1 | $ 115,000 | $ 115,000 | $ 110,000 |
| Grand Rapids-Wyoming, MI | 1 | $ 235,000 | $ 235,000 | $ 250,000 |
| Greenville-Anderson-Mauldin, SC | 1 | $ 105,000 | $ 105,000 | $ 108,000 |
| Harrisburg-Carlisle, PA | 1 | $ 135,000 | $ 135,000 | $ 74,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 255,000 | $ 255,000 | $ 250,000 |
| Hickory-Lenoir-Morganton, NC | 1 | $ 125,000 | $ 125,000 | $ 62,000 |
| Huntsville, AL | 1 | $ 385,000 | $ 385,000 | $ 185,000 |
| Kahului-Wailuku-Lahaina, HI | 1 | $ 635,000 | $ 635,000 | $ 410,000 |
| La Crosse-Onalaska, WI-MN | 1 | $ 135,000 | $ 135,000 | $ 83,000 |
| Lancaster, PA | 1 | $ 155,000 | $ 155,000 | $ 233,000 |
| Las Cruces, NM | 1 | $ 205,000 | $ 205,000 | $ 181,000 |
| Las Vegas-Henderson-Paradise, NV | 1 | $ 435,000 | $ 435,000 | $ 180,000 |
| Lebanon, PA | 1 | $ 55,000 | $ 55,000 | $ 76,000 |
| Lexington-Fayette, KY | 1 | $ 235,000 | $ 235,000 | $ 107,000 |
| Madison, WI | 1 | $ 225,000 | $ 225,000 | $ 374,000 |
| Mobile, AL | 1 | $ 35,000 | $ 35,000 | $ 115,000 |
| New York-Jersey City-White Plains, NY-NJ | 1 | $ 165,000 | $ 165,000 | $ 135,000 |
| Niles-Benton Harbor, MI | 1 | $ 755,000 | $ 755,000 | $ 437,000 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 35,000 | $ 35,000 | $ 82,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 65,000 | $ 65,000 | $ 65,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 155,000 | $ 155,000 | $ 323,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 205,000 | $ 205,000 | $ 185,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 485,000 | $ 485,000 | $ 273,000 |
| Port St. Lucie, FL | 1 | $ 135,000 | $ 135,000 | $ 101,000 |
| Prescott Valley-Prescott, AZ | 1 | $ 505,000 | $ 505,000 | $ 106,000 |
| Providence-Warwick, RI-MA | 1 | $ 375,000 | $ 375,000 | $ 170,000 |
| Provo-Orem, UT | 1 | $ 25,000 | $ 25,000 | $ 108,000 |
| Reno, NV | 1 | $ 305,000 | $ 305,000 | $ 288,000 |
| Richmond, VA | 1 | $ 175,000 | $ 175,000 | $ 388,000 |
| San Antonio-New Braunfels, TX | 1 | $ 65,000 | $ 65,000 | $ 214,000 |
| San Rafael, CA | 1 | $ 355,000 | $ 355,000 | $ 984,000 |
| Santa Rosa, CA | 1 | $ 505,000 | $ 505,000 | $ 2,669,000 |
| Savannah, GA | 1 | $ 35,000 | $ 35,000 | $ 46,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 1 | $ 205,000 | $ 205,000 | $ 198,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 305,000 | $ 305,000 | $ 168,000 |
| Sierra Vista-Douglas, AZ | 1 | $ 35,000 | $ 35,000 | $ 40,000 |
| Sioux City, IA-NE-SD | 1 | $ 95,000 | $ 95,000 | $ 56,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 725,000 | $ 725,000 | $ 176,000 |
| Springfield, MO | 1 | $ 25,000 | $ 25,000 | $ 35,000 |
| Tallahassee, FL | 1 | $ 405,000 | $ 405,000 | $ 330,000 |
| Tampa, FL | 1 | $ 335,000 | $ 335,000 | $ 400,000 |
| Traverse City, MI | 1 | $ 435,000 | $ 435,000 | $ 214,000 |
| Tulsa, OK | 1 | $ 45,000 | $ 45,000 | $ 197,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 505,000 | $ 505,000 | $ 325,000 |
| Washington, DC-MD | 1 | $ 775,000 | $ 775,000 | $ 422,000 |
| Wilmington, DE-MD-NJ | 1 | $ 435,000 | $ 435,000 | $ 224,000 |
| Wilmington, NC | 1 | $ 205,000 | $ 205,000 | $ 87,000 |
| York-Hanover, PA | 1 | $ 305,000 | $ 305,000 | $ 343,000 |
Mortgage Loan Application Detail Totals for Elements Financial Federal Cre in 2024
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 796 | $278,950,000 | $350,000 | $4,165,000 | $183,000 | $2,110,000 |
| Home Improvement | 438 | $48,620,000 | $111,000 | $1,005,000 | $181,000 | $2,750,000 |
| Other Purpose | 284 | $26,750,000 | $94,000 | $705,000 | $136,000 | $1,290,000 |
| Cash-out Refinancing | 262 | $40,430,000 | $154,000 | $905,000 | $147,000 | $625,000 |
| Refinancing | 58 | $14,180,000 | $244,000 | $795,000 | $180,000 | $554,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 1,359 | $288,825,000 | $212,000 | $4,165,000 | $165,000 | $2,750,000 |
| Not Provided | 128 | $34,460,000 | $269,000 | $1,125,000 | $218,000 | $2,669,000 |
| Black or African American | 122 | $18,960,000 | $155,000 | $775,000 | $137,000 | $609,000 |
| Asian | 108 | $40,710,000 | $376,000 | $2,005,000 | $245,000 | $1,900,000 |
| Hispanic | 106 | $21,250,000 | $200,000 | $715,000 | $136,000 | $543,000 |
| American Indian or Alaskan Native | 9 | $1,455,000 | $161,000 | $345,000 | $124,000 | $226,000 |
| Not applicable | 5 | $3,175,000 | $635,000 | $905,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 1 | $95,000 | $95,000 | $95,000 | $115,000 | $115,000 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1,774 | $390,740,000 | $220,000 | $4,165,000 | $172,000 | $2,750,000 |
| FHA-insured (Federal Housing Administration) | 53 | $14,685,000 | $277,000 | $505,000 | $111,000 | $240,000 |
| VA-guaranteed (Veterans Administration) | 10 | $3,330,000 | $333,000 | $555,000 | $127,000 | $355,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $175,000 | $175,000 | $175,000 | $77,000 | $77,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 1,287 | $283,125,000 | $219,000 | $1,205,000 | $171,000 | $2,110,000 |
| Application Withdrawn By Applicant | 270 | $83,420,000 | $308,000 | $4,165,000 | $187,000 | $2,669,000 |
| Application Denied By Financial Institution | 255 | $37,695,000 | $147,000 | $1,005,000 | $144,000 | $2,750,000 |
| Application Approved But Not Accepted | 26 | $4,690,000 | $180,000 | $505,000 | $174,000 | $781,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 1,583 | $371,235,000 | $234,000 | $4,165,000 | $174,000 | $2,669,000 |
| Credit History | 79 | $5,675,000 | $71,000 | $505,000 | $98,000 | $349,000 |
| Debt-To-Income Ratio | 75 | $14,725,000 | $196,000 | $805,000 | $115,000 | $528,000 |
| Collateral | 55 | $8,065,000 | $146,000 | $1,005,000 | $151,000 | $600,000 |
| Credit Application Incomplete | 33 | $6,595,000 | $199,000 | $1,005,000 | $296,000 | $2,750,000 |
| Other | 9 | $1,595,000 | $177,000 | $605,000 | $177,000 | $285,000 |
| Unverifiable Information | 2 | $350,000 | $175,000 | $295,000 | $161,000 | $170,000 |
| Employment History | 2 | $690,000 | $345,000 | $665,000 | $148,000 | $170,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Elements Financial Federal Cre's 2024 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Elements Financial Federal Cre's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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