Potlatch No. 1 Financial Credit Union Mortgage Rates, Fees & Info

Lewiston, ID

LEI: 254900LX8DA8FRHUUD51

Tax ID: 82-0201645

5 stars - out of 5 stars, based on 38 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Potlatch No. 1 Financial Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Potlatch No. 1 Financial Credit Union has a high proportion of conventional loans. Their top markets include Lewiston, Moscow, Sandpoint, Pullman, and Spokane among others. Potlatch No. 1 Financial Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Potlatch No. 1 Financial Credit Union is typically an average fee lendor.


Originations

1,426

Origination Dollar Volume (All Markets)

$252,860,000

Awards

Potlatch No. 1 Financial Credit Union 30 Year Conventional Loans gold Potlatch No. 1 Financial Credit Union 30 Year Conventional Loans gold Potlatch No. 1 Financial Credit Union 30 Year Conventional Loans gold
Show all (3) awards

Relative Rate

Potlatch No. 1 Financial Credit Union's average 30 year fixed rate mortgage of loans were 3.2%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.05%.

Relative Fees

Potlatch No. 1 Financial Credit Union's average total fees for a 30 year fixed rate mortgage are $4,157.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
LEWISTON, ID-WA (FHA|USDA|VA) 509 $89,255,000 $175,354 $3,465 3.49%
Outside of Metro Areas 312 $46,950,000 $150,481 $3,657 3.45%
Outside of Metro Areas 202 $33,400,000 $165,347 $3,813 4.12%
Moscow, ID (FHA|USDA|VA) 141 $25,545,000 $181,170 $3,847 3.59%
Sandpoint, ID (FHA|USDA|VA) 115 $20,475,000 $178,043 $4,236 3.88%
Pullman, WA (FHA|USDA|VA) 77 $14,925,000 $193,831 $3,549 3.40%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 22 $10,800,000 $490,909 $3,930 3.39%
WALLA WALLA, WA (FHA|USDA|VA) 12 $2,550,000 $212,500 $3,588 2.96%
Ellensburg, WA (FHA|USDA|VA) 6 $1,220,000 $203,333 $4,962 3.75%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $0 3.13%
BELLINGHAM, WA (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 3.25%
BOISE CITY, ID (FHA|USDA|VA) 5 $835,000 $167,000 $3,824 3.50%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $485,000 $485,000 $2,152 3.13%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 2 $410,000 $205,000 $4,894 3.50%
TWIN FALLS, ID (FHA|USDA|VA) 1 $385,000 $385,000 $5,683 2.50%
YAKIMA, WA (FHA|USDA|VA) 2 $380,000 $190,000 $4,409 2.69%
La Grande, OR (FHA|USDA|VA) 2 $350,000 $175,000 $3,763 3.44%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 3 $325,000 $108,333 $2,917 3.13%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $305,000 $305,000 $5,213 2.63%
Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $295,000 $295,000 $5,446 3.88%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $295,000 $295,000 $4,593 2.13%
Moses Lake, WA (FHA|USDA|VA) 1 $275,000 $275,000 $4,861 3.25%
BEND, OR (FHA|USDA|VA) 1 $235,000 $235,000 $4,794 3.25%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $180,000 $90,000 $3,281 4.00%
Othello, WA (FHA|USDA|VA) 1 $165,000 $165,000 $3,500 3.25%
WENATCHEE, WA (FHA|USDA|VA) 1 $155,000 $155,000 $2,753 3.88%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.25%
Ontario, OR-ID (FHA|USDA|VA) 1 $155,000 $155,000 $3,931 3.00%
Port Angeles, WA (FHA|USDA|VA) 1 $145,000 $145,000 $3,449 2.88%

Potlatch No. 1 Financial Credit Union's top markets include Lewiston, Moscow, Sandpoint, Pullman, and Spokane among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,426 $252,860,000 $177,321 $3,671 3.60%

For the 2021 period, Potlatch No. 1 Financial Credit Union's most frequently originated loan type of loans were Conventional, with 1,426 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 730 $120,350,000 $164,863 $3,563 3.88%
Home Purchase 323 $77,115,000 $238,746 $4,098 3.10%
Refi 290 $46,220,000 $159,379 $3,418 3.18%
Other 53 $4,345,000 $81,981 $1,892 4.80%
Home Improvement 30 $4,830,000 $161,000 $3,838 4.07%

For the 2021, Potlatch No. 1 Financial Credit Union's most frequently cited loan purpose of loans were Cash Out Refi, with 730 originations. The 2nd most popular reason of loans were Home Purchase, with 323 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 624 $141,620,000 $226,955 $4,157 3.20%
20 Year 409 $49,765,000 $121,675 $3,762 4.26%
15 Year 293 $44,285,000 $151,143 $3,166 3.13%
10 Year 92 $14,370,000 $156,196 $1,753 4.73%
5 Year 5 $1,195,000 $239,000 $468 5.45%
Other 2 $420,000 $210,000 $0 4.63%
3 Year 1 $1,205,000 $1,205,000 $0 3.13%

For the 2021, Potlatch No. 1 Financial Credit Union's most frequently cited loan length of loans were 30 Year, with 624 originations. The 2nd most popular length of loans were 20 Year, with 409 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 467 $71,645,000 $153,415
$<1k 293 $34,795,000 $118,754
$2k-3k 285 $70,595,000 $247,702
$3k-4k 98 $35,710,000 $364,388
$5k+ 13 $6,665,000 $512,692

$4,157 of loans were Potlatch No. 1 Financial Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 467 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 449 $94,555,000 $210,590
2.5-3% 383 $85,275,000 $222,650
4-5% 242 $28,240,000 $116,694
<2.5% 207 $35,375,000 $170,894
6-7% 67 $4,215,000 $62,910
5-6% 52 $3,420,000 $65,769
7-8% 17 $1,075,000 $63,235
Over 8% 9 $705,000 $78,333

During 2021, Potlatch No. 1 Financial Credit Union's average interest rate of loans were 3.20%, while their most frequently originated rate bucket of loans were 3-4%, with 449 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 553 $81,775,000 $147,875 $3,290 3.33%
$200k-400k 436 $115,390,000 $264,656 $4,684 3.15%
$100,000 or less 381 $22,325,000 $58,596 $1,749 4.56%
$400k-600k 53 $24,655,000 $465,189 $6,770 3.18%
$1MM+ 3 $8,715,000 $2,905,000 $0 3.13%

2021 saw Potlatch No. 1 Financial Credit Union place emphasis on $100k-200k loans with 553 originations, totaling $81,775,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 393 $60,605,000 $154,211 $3,510 3.54%
$100k-150k 314 $61,940,000 $197,261 $4,141 3.63%
$75k-100k 284 $51,510,000 $181,373 $3,822 3.58%
$50k or less 269 $32,375,000 $120,353 $2,971 3.64%
$150k-250k 107 $24,755,000 $231,355 $4,752 3.60%
$250k+ 22 $5,900,000 $268,182 $4,939 3.75%

Potlatch No. 1 Financial Credit Union lent most frequently to those with incomes in the $50k-75k range, with 393 originations. The second most popular income band? $100k-150k, with 314 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 381 $62,405,000 $163,793 $3,528 3.48%
30-36% 314 $56,500,000 $179,936 $3,914 3.63%
<20% 154 $23,300,000 $151,299 $3,439 3.30%
36% 62 $10,540,000 $170,000 $3,748 3.64%
38% 59 $10,985,000 $186,186 $3,923 3.43%
43% 55 $10,715,000 $194,818 $3,923 3.50%
37% 54 $9,740,000 $180,370 $3,852 3.69%
41% 53 $8,855,000 $167,075 $3,303 3.99%
44% 52 $9,280,000 $178,462 $3,810 3.81%
40% 52 $9,110,000 $175,192 $4,042 3.65%
42% 49 $8,575,000 $175,000 $3,634 3.98%
39% 42 $7,080,000 $168,571 $3,578 3.71%
47% 23 $4,735,000 $205,870 $4,242 3.65%
45% 21 $2,815,000 $134,048 $2,484 4.29%
49% 16 $2,720,000 $170,000 $3,253 3.75%
46% 14 $2,380,000 $170,000 $3,768 3.69%
48% 11 $1,705,000 $155,000 $2,966 4.05%
50-60% 5 $1,325,000 $265,000 $3,926 4.48%

Potlatch No. 1 Financial Credit Union lent most frequently to those with DTI ratios of 20-30%, with 381 originations. The next most common DTI ratio? 30-36%, with 314 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,244 $212,530,000 $170,844 $3,630 3.62%
Not provided 134 $24,290,000 $181,269 $4,032 3.35%
Not applicable 8 $9,770,000 $1,221,250 $0 3.80%
American Indian 21 $3,375,000 $160,714 $3,976 4.02%
Asian 9 $1,565,000 $173,889 $3,225 2.93%
Black 4 $610,000 $152,500 $3,103 2.94%
Samoan 2 $400,000 $200,000 $4,118 2.88%
Asian Indian 1 $185,000 $185,000 $5,303 3.50%
Korean 1 $65,000 $65,000 $0 6.75%
Other Asian 1 $35,000 $35,000 $0 5.25%
Native Hawaiian 1 $35,000 $35,000 $0 4.50%

Approval Rates

Total approvals of all applications
89.38%

Potlatch No. 1 Financial Credit Union has an average approval rate.

Pick Rate

Approvals leading to origination
71.30%

Potlatch No. 1 Financial Credit Union has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,426 $252,860,000 $177,321

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,426 $252,860,000 $177,321

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 279 $33,415,000 $119,767 $3,041 3.66%
40-60% 301 $50,725,000 $168,522 $3,670 3.21%
60-80% 427 $107,355,000 $251,417 $4,316 3.31%
80-100% 195 $49,745,000 $255,103 $4,189 3.07%
Under 20% 224 $11,620,000 $51,875 $1,049 5.05%