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While prior work has typically optimized attention mechanisms or feed-forward networks (FFNs) separately, few hardware (HW) architecture have jointly addressed both components with co-designed hardware acceleration. We present ELiTeFormer (Efficient Linear Ternary Transformer), the first Transformer model architecture that unifies hybrid linear attention with ultra-low-precision (ternary) linear projections, specifically co-designed for field-programmable gate array (FPGA) deployment. ELiTeFormer achieves 10x model weight compression and 12.8x key-value (KV) cache compression compared to LLaMA 3, while maintaining competitive accuracy (31.9% on the MMLU benchmark, within 3.0% of BitNet b1.58). 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ELiTeFormer achieves 10x model weight compression and 12.8x key-value (KV) cache compression compared to LLaMA 3, while maintaining competitive accuracy (31.9% on the MMLU benchmark, within 3.0% of BitNet b1.58). 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