# INOVA

> **Canonical URL:** https://saferate.com/lenders/inova

> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible

INOVA is a credit union, headquartered in Elkhart, IN, serving borrowers across 11 states, with 118 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 7% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 60% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 549300SQH6MBVMMRRA85
- **Headquarters:** Elkhart, IN
- **Geographic Reach:** Multi-Region
- **States Served:** 11
- **State List:** AR, AZ, CA, FL, IL, IN, MI, NC, NV, OH, TN
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 93/100
- Rating: ●●●●● (5/5)

### Pull Through: Acceptable 🙂
- Score: 40/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** +0.082%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $426
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 118
- **Dollar Volume:** $22 million
- **Applications Received:** 171
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $188,898
- **Average Borrower Income:** $109,017

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (71%)
- ⭐ **Refinance Gold Superstar** (78%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 49/100 | 115 | +0.072% | $431 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 49 loans, Score: 35/100 (Acceptable)
- Refinance: 66 loans, Score: 66/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 36/100 | 51 | $13M | +0.282% | Acceptable 🙂 |
| Refinance | 65/100 | 67 | $10M | -0.064% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| IN | 92 | 0.10% | 67/100 |
| MI | 11 | 0.01% | 43/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Elkhart | IN | 43 | 75/100 |
| South Bend | IN-MI | 38 | 68/100 |
| Non |  | 10 | 25/100 |

## Frequently Asked Questions

### What loan types does INOVA offer?

INOVA offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does INOVA offer mortgages?

INOVA offers mortgages in 11 states: AR, AZ, CA, FL, IL, IN, MI, NC, NV, OH, TN.

### How competitive are INOVA's mortgage rates?

INOVA has a pricing score of 93/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.082% above market average.

### What type of lender is INOVA?

INOVA is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Elkhart, IN.

### What is INOVA's loan approval success rate?

INOVA has a pull-through score of 40/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

---

## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-05-29
**Canonical URL:** https://saferate.com/lenders/inova

### How to Cite

> "INOVA Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/inova

---

**[View Interactive Profile →](https://saferate.com/lenders/inova)**