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 34 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Potlatch No. 1 Financial Credit Union is a smaller credit union specializing in loans. Potlatch No. 1 Financial Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Lewiston, Sandpoint, Moscow, Pullman, and Bremerton among others. We have data for 23 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Potlatch No. 1 Financial Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Potlatch No. 1 Financial Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 3/31/23
    30 Year Conventional Purchase 6.62% 3/31/23
    30 Year Conventional Refi 6.29% 3/31/23
    30 Year Cash-out Refi 6.53% 3/31/23
    15 Year Conventional Purchase 6.51% 3/31/23
    15 Year Conventional Refi 7.33% 3/31/23
    15 Year Cash-out Refi 7.33% 3/31/23
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    1,172

    Origination Dollar Volume (All Markets)

    $204,660,000

    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 mortgage rate was 4.64%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -0.12%.

    Relative Fees (Closing Costs)

    Potlatch No. 1 Financial Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $4,533.

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

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    LEWISTON, ID-WA (FHA|USDA|VA) 381 $62,735,000 $164,659 $3,018 5.45%
    Outside of Metro Areas 204 $36,100,000 $176,961 $2,560 6.05%
    Outside of Metro Areas 230 $35,340,000 $153,652 $3,415 5.63%
    Sandpoint, ID (FHA|USDA|VA) 98 $17,710,000 $180,714 $3,430 5.83%
    Moscow, ID (FHA|USDA|VA) 96 $17,220,000 $179,375 $3,701 5.35%
    Pullman, WA (FHA|USDA|VA) 56 $9,790,000 $174,821 $3,150 5.48%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $6,420,000 $3,210,000 $0 4.75%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 26 $4,060,000 $156,154 $3,374 6.42%
    WALLA WALLA, WA (FHA|USDA|VA) 22 $3,140,000 $142,727 $3,291 6.24%
    BELLINGHAM, WA (FHA|USDA|VA) 2 $2,900,000 $1,450,000 $0 3.13%
    Ellensburg, WA (FHA|USDA|VA) 12 $2,640,000 $220,000 $4,450 5.93%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 7 $1,775,000 $253,571 $4,533 4.95%
    BOISE CITY, ID (FHA|USDA|VA) 10 $1,760,000 $176,000 $3,774 6.68%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 4 $760,000 $190,000 $4,008 5.22%
    Ontario, OR-ID (FHA|USDA|VA) 7 $615,000 $87,857 $1,815 6.86%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
    WENATCHEE, WA (FHA|USDA|VA) 2 $330,000 $165,000 $734 6.25%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 3 $305,000 $101,667 $2,374 7.75%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $255,000 $255,000 $5,117 5.38%
    La Grande, OR (FHA|USDA|VA) 5 $175,000 $35,000 $803 6.20%
    Aberdeen, WA (FHA|USDA|VA) 1 $105,000 $105,000 $898 8.75%
    TWIN FALLS, ID (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.50%
    IDAHO FALLS, ID (FHA|USDA|VA) 1 $45,000 $45,000 $0 9.00%
    Potlatch No. 1 Financial Credit Union's top markets include Lewiston, Sandpoint, Moscow, Pullman, and Bremerton among others.

    Their top states include:
  • Idaho (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Potlatch No. 1 Financial Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SPOKANE FIREFIGHTERS CREDIT UNION
    Similarity Rank: 315
    WASHINGTON STATE EMPLOYEES Credit Union
    Similarity Rank: 1440
    SAMMAMISH MORTGAGE COMPANY
    Similarity Rank: 2100
    Zions Bancorporation, N.A.
    Similarity Rank: 3204
    SUMMIT MORTGAGE CORPORATION
    Similarity Rank: 3237
    First Home Bank
    Similarity Rank: 3738
    SUN WEST MORTGAGE COMPANY, INC.
    Similarity Rank: 3792
    Wheatland Bank
    Similarity Rank: 4480
    Stifel Bank and Trust
    Similarity Rank: 5356
    PENRITH HOME LOANS LLC
    Similarity Rank: 5497

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 822 $163,980,000 $199,489 $3,147 5.45%
    HELOC 350 $40,680,000 $116,229 n/a 6.23%

    For 2022, Potlatch No. 1 Financial Credit Union's most frequently originated type of loan was Conventional, with 822 originations. Their 2nd most popular type was HELOC, with 350 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 322 $30,790,000 $95,621 $927 6.36%
    Home Purchase 299 $85,975,000 $287,542 $5,309 4.97%
    Home Improvement 259 $24,195,000 $93,417 $944 6.45%
    Cash Out Refi 152 $35,700,000 $234,868 $4,071 4.30%
    Refi 140 $28,000,000 $200,000 $2,353 5.72%

    For 2022, Potlatch No. 1 Financial Credit Union's most frequently cited loan purpose was Other, with 322 originations. The 2nd most popular reason was Home Purchase, with 299 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 423 $51,695,000 $122,210 $3,986 6.06%
    30 Year 317 $89,245,000 $281,530 $4,533 4.64%
    15 Year 266 $33,320,000 $125,263 $1,485 6.07%
    10 Year 116 $12,670,000 $109,224 $715 6.41%
    30+ year 28 $11,230,000 $401,071 $9,560 4.99%
    Other 12 $3,870,000 $322,500 $8,651 5.26%
    5 Year 10 $2,630,000 $263,000 $407 6.03%

    For 2022, Potlatch No. 1 Financial Credit Union's most frequently cited loan duration was 20 Year, with 423 originations. The 2nd most popular length was 30 Year, with 317 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 365 $34,025,000 $93,219
    $1k-2k 173 $26,935,000 $155,694
    $2k-3k 111 $28,315,000 $255,090
    $3k-4k 67 $22,915,000 $342,015
    $4k-5k 35 $15,355,000 $438,714
    $5k+ 27 $15,765,000 $583,889

    Potlatch No. 1 Financial Credit Union's average total fees were $4,533, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 365 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 300 $31,090,000 $103,633
    4-5% 273 $63,175,000 $231,410
    5-6% 176 $36,190,000 $205,625
    7-8% 147 $16,955,000 $115,340
    3-4% 145 $39,695,000 $273,759
    Over 8% 75 $6,875,000 $91,667
    2.5-3% 44 $7,820,000 $177,727
    <2.5% 10 $2,240,000 $224,000

    During 2022, Potlatch No. 1 Financial Credit Union's average interest rate for loans was 4.64%, while their most frequently originated rate bucket for loans was 6-7%, with 300 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 482 $26,220,000 $54,398 $786 6.39%
    $100k-200k 335 $47,585,000 $142,045 $2,966 5.46%
    $200k-400k 276 $76,040,000 $275,507 $4,910 4.92%
    $400k-600k 56 $26,540,000 $473,929 $8,014 4.84%
    $600k-1MM 16 $10,770,000 $673,125 $10,237 5.31%
    $1MM+ 7 $17,505,000 $2,500,714 $15,499 4.16%

    2022 saw Potlatch No. 1 Financial Credit Union place emphasis on $100,000 or less loans with 482 originations, totaling $26,220,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 277 $51,005,000 $184,134 $3,511 5.75%
    $50k-75k 276 $33,130,000 $120,036 $2,517 5.73%
    $75k-100k 252 $41,400,000 $164,286 $3,246 5.71%
    $50k or less 173 $16,025,000 $92,630 $2,480 5.48%
    $150k-250k 112 $25,080,000 $223,929 $4,069 5.61%
    $250k+ 40 $14,830,000 $370,750 $6,596 5.75%

    Potlatch No. 1 Financial Credit Union lent most frequently to those with incomes in the $100k-150k range, with 277 originations. The second most popular income band? $50k-75k, with 276 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 245 $38,375,000 $156,633 $3,274 5.34%
    30-36% 218 $31,970,000 $146,651 $2,761 5.70%
    <20% 81 $12,265,000 $151,420 $2,976 5.26%
    41% 76 $11,030,000 $145,132 $3,148 5.78%
    42% 73 $10,865,000 $148,836 $2,383 6.03%
    43% 65 $12,135,000 $186,692 $3,643 5.60%
    40% 63 $9,315,000 $147,857 $2,622 5.96%
    38% 58 $10,950,000 $188,793 $3,301 5.57%
    39% 49 $7,525,000 $153,571 $2,619 6.05%
    37% 49 $9,125,000 $186,224 $3,759 5.99%
    45% 47 $9,295,000 $197,766 $4,323 6.30%
    44% 47 $6,995,000 $148,830 $2,591 6.38%
    36% 30 $4,890,000 $163,000 $2,975 5.47%
    46% 24 $4,920,000 $205,000 $4,139 5.83%
    47% 13 $2,025,000 $155,769 $3,851 6.07%
    48% 13 $3,475,000 $267,308 $4,911 4.38%
    49% 8 $1,640,000 $205,000 $5,075 5.41%
    50-60% 3 $605,000 $201,667 $0 7.75%
    >60% 1 $45,000 $45,000 $0 4.50%

    Potlatch No. 1 Financial Credit Union lent most frequently to those with DTI ratios of 20-30%, with 245 originations. The next most common DTI ratio? 30-36%, with 218 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,036 $163,580,000 $157,896 $3,081 5.70%
    Not provided 102 $21,330,000 $209,118 $4,161 5.49%
    Not applicable 8 $16,990,000 $2,123,750 $0 4.21%
    American Indian 14 $1,490,000 $106,429 $1,980 5.47%
    Black 8 $890,000 $111,250 $1,897 6.36%
    Asian 2 $180,000 $90,000 $939 7.75%
    Native Hawaiian or Islander 1 $155,000 $155,000 $0 8.50%
    Filipino 1 $45,000 $45,000 $448 6.50%

    Approval Rates

    Total approvals of all applications
    87.18%

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

    Pick Rate

    Approvals leading to origination
    73.63%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,172 $204,660,000 $174,625

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,172 $204,660,000 $174,625

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 270 $35,140,000 $130,148 $2,170 5.91%
    40-60% 178 $38,340,000 $215,393 $4,388 4.98%
    60-80% 214 $67,610,000 $315,935 $5,355 4.98%
    80-100% 113 $34,635,000 $306,504 $4,582 4.85%
    Over 100% 1 $5,675,000 $5,675,000 $0 3.75%
    Under 20% 396 $23,260,000 $58,737 $710 6.46%