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

Lewiston, ID

LEI: 254900LX8DA8FRHUUD51

Tax ID: 82-0201645

5 stars - Updated: 3/27/24 - out of 5 stars, based on 28 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data |

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Mortgage Data

Review & Overview

Potlatch No. 1 Financial Credit Union is a smaller credit union specializing in Home Purchase loans. Potlatch No. 1 Financial Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Lewiston, Moscow, Pullman, Sandpoint, and Spokane among others. We have data for 22 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 an average 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 relatively high 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% 3/27/24
30 Year Conventional Purchase 6.62% 3/27/24
30 Year Conventional Refi 6.29% 3/27/24
30 Year Cash-out Refi 6.53% 3/27/24
15 Year Conventional Purchase 6.51% 3/27/24
15 Year Conventional Refi 7.33% 3/27/24
15 Year Cash-out Refi 7.33% 3/27/24
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.

Potlatch No. 1 Financial Credit Union Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Potlatch No. 1 Financial Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

779

Origination Dollar Volume (All Markets)

$112,625,000
Show all (6) awards

Relative Rate

Potlatch No. 1 Financial Credit Union's average 30 year fixed mortgage rate was 6.5%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.02%.

Relative Fees (Closing Costs)

Potlatch No. 1 Financial Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $5,100.

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) 246 $34,380,000 $139,756 $2,484 7.45%
Outside of Metro Areas 141 $20,965,000 $148,688 $3,399 7.55%
Outside of Metro Areas 133 $16,345,000 $122,895 $2,052 7.89%
Moscow, ID (FHA|USDA|VA) 68 $9,090,000 $133,676 $2,493 7.63%
Pullman, WA (FHA|USDA|VA) 47 $8,555,000 $182,021 $3,702 7.35%
Sandpoint, ID (FHA|USDA|VA) 53 $7,965,000 $150,283 $2,832 7.76%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 30 $3,930,000 $131,000 $2,254 7.63%
WALLA WALLA, WA (FHA|USDA|VA) 20 $3,040,000 $152,000 $2,020 7.79%
BOISE CITY, ID (FHA|USDA|VA) 12 $2,230,000 $185,833 $978 7.86%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 3 $1,585,000 $528,333 $12,479 7.50%
Ellensburg, WA (FHA|USDA|VA) 5 $1,475,000 $295,000 $3,622 7.48%
WENATCHEE, WA (FHA|USDA|VA) 4 $880,000 $220,000 $6,420 8.25%
Ontario, OR-ID (FHA|USDA|VA) 4 $500,000 $125,000 $3,243 8.09%
Moses Lake, WA (FHA|USDA|VA) 1 $305,000 $305,000 $8,166 4.25%
TWIN FALLS, ID (FHA|USDA|VA) 2 $250,000 $125,000 $3,931 7.31%
BELLINGHAM, WA (FHA|USDA|VA) 1 $245,000 $245,000 $0 8.50%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 3 $245,000 $81,667 $1,048 8.50%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $205,000 $205,000 $0 8.50%
Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $155,000 $155,000 $3,419 6.25%
La Grande, OR (FHA|USDA|VA) 2 $140,000 $70,000 $1,074 7.13%
Othello, WA (FHA|USDA|VA) 1 $85,000 $85,000 $895 6.50%
YAKIMA, WA (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.25%
Potlatch No. 1 Financial Credit Union's top markets include Lewiston, Moscow, Pullman, Sandpoint, and Spokane 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.

    PRIORITY HOME LENDING, LLC
    Similarity Rank: 957
    Zions Bank
    Similarity Rank: 1395
    GESA
    Similarity Rank: 1479
    Platinum Home Mortgage Corporation
    Similarity Rank: 1704
    First Interstate Bank
    Similarity Rank: 1728
    Wheatland Bank
    Similarity Rank: 1805
    Morgan Stanley Private Bank
    Similarity Rank: 2200
    HORIZON
    Similarity Rank: 2387

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 583 $90,765,000 $155,686 $2,714 7.10%
    HELOC 196 $21,860,000 $111,531 n/a 9.09%

    For 2023, Potlatch No. 1 Financial Credit Union's most frequently originated type of loan was Conventional, with 583 originations. Their 2nd most popular type was HELOC, with 196 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 241 $19,265,000 $79,938 $652 7.87%
    Other 207 $19,745,000 $95,386 $871 8.05%
    Home Purchase 206 $56,840,000 $275,922 $6,462 6.87%
    Refi 83 $10,215,000 $123,072 $1,225 7.82%
    Cash Out Refi 42 $6,560,000 $156,190 $3,242 7.03%

    For 2023, Potlatch No. 1 Financial Credit Union's most frequently cited loan purpose was Home Improvement, with 241 originations. The 2nd most popular reason was Other, with 207 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 253 $24,075,000 $95,158 $856 7.41%
    20 Year 230 $25,720,000 $111,826 $5,087 8.95%
    30 Year 146 $38,530,000 $263,904 $5,100 6.50%
    10 Year 93 $4,465,000 $48,011 $609 7.17%
    30+ year 39 $16,095,000 $412,692 $9,216 6.60%
    Other 11 $3,545,000 $322,273 $8,848 6.27%
    5 Year 7 $195,000 $27,857 $361 6.71%

    For 2023, Potlatch No. 1 Financial Credit Union's most frequently cited loan duration was 15 Year, with 253 originations. The 2nd most popular length was 20 Year, with 230 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 351 $28,525,000 $81,268
    $1k-2k 50 $7,560,000 $151,200
    $2k-3k 49 $12,135,000 $247,653
    $5k+ 32 $16,580,000 $518,125
    $3k-4k 31 $10,645,000 $343,387
    $4k-5k 24 $9,910,000 $412,917

    Potlatch No. 1 Financial Credit Union's average total fees were $5,100, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 351 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 284 $45,160,000 $159,014
    Over 8% 282 $29,050,000 $103,014
    7-8% 155 $24,145,000 $155,774
    5-6% 51 $12,385,000 $242,843
    4-5% 7 $1,885,000 $269,286

    During 2023, Potlatch No. 1 Financial Credit Union's average interest rate for loans was 6.50%, while their most frequently originated rate bucket for loans was 6-7%, with 284 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 409 $23,185,000 $56,687 $672 7.92%
    $100k-200k 183 $24,875,000 $135,929 $2,212 7.47%
    $200k-400k 138 $37,550,000 $272,101 $5,562 7.12%
    $400k-600k 35 $16,485,000 $471,000 $8,041 6.70%
    $600k-1MM 13 $9,115,000 $701,154 $12,030 7.21%
    $1MM+ 1 $1,415,000 $1,415,000 $23,305 5.50%

    2023 saw Potlatch No. 1 Financial Credit Union place emphasis on $100,000 or less loans with 409 originations, totaling $23,185,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 208 $32,700,000 $157,212 $3,127 7.56%
    $75k-100k 159 $19,035,000 $119,717 $1,915 7.64%
    $50k-75k 158 $16,440,000 $104,051 $2,185 7.69%
    $150k-250k 115 $27,165,000 $236,217 $4,158 7.55%
    $50k or less 96 $6,850,000 $71,354 $1,894 7.65%
    $250k+ 21 $7,585,000 $361,190 $5,642 7.36%

    Potlatch No. 1 Financial Credit Union lent most frequently to those with incomes in the $100k-150k range, with 208 originations. The second most popular income band? $75k-100k, with 159 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 142 $18,690,000 $131,620 $2,416 7.59%
    20-30% 141 $21,115,000 $149,752 $2,600 7.21%
    44% 60 $9,500,000 $158,333 $3,231 7.80%
    43% 54 $6,960,000 $128,889 $2,279 7.97%
    40% 42 $5,480,000 $130,476 $2,371 7.78%
    38% 41 $6,285,000 $153,293 $2,561 7.80%
    42% 38 $4,440,000 $116,842 $2,482 7.77%
    <20% 37 $5,225,000 $141,216 $3,770 7.36%
    39% 37 $5,225,000 $141,216 $3,344 7.70%
    45% 33 $4,495,000 $136,212 $2,547 7.73%
    37% 31 $4,895,000 $157,903 $2,454 7.97%
    41% 29 $4,685,000 $161,552 $3,607 7.79%
    36% 27 $3,845,000 $142,407 $2,146 6.88%
    46% 27 $3,695,000 $136,852 $2,407 7.94%
    47% 16 $2,970,000 $185,625 $3,348 7.66%
    48% 10 $1,930,000 $193,000 $3,621 7.63%
    49% 8 $1,930,000 $241,250 $3,677 7.47%
    50-60% 3 $635,000 $211,667 $3,363 7.71%
    >60% 1 $305,000 $305,000 $10,890 6.25%

    Potlatch No. 1 Financial Credit Union lent most frequently to those with DTI ratios of 30-36%, with 142 originations. The next most common DTI ratio? 20-30%, with 141 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 696 $97,410,000 $139,957 $2,605 7.63%
    Not provided 65 $12,505,000 $192,385 $3,849 7.25%
    American Indian 8 $1,370,000 $171,250 $4,692 8.25%
    Black 4 $610,000 $152,500 $652 7.34%
    Asian 3 $355,000 $118,333 $2,474 6.71%
    Not applicable 1 $255,000 $255,000 $0 6.75%
    Other Asian 1 $75,000 $75,000 $272 7.75%
    Chinese 1 $45,000 $45,000 $0 8.75%

    Approval Rates

    Total approvals of all applications
    85.65%

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

    Pick Rate

    Approvals leading to origination
    63.16%

    Potlatch No. 1 Financial Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 35 $3,235,000 $92,429
    NA 744 $109,390,000 $147,030

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    779 $112,625,000 $144,576

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 199 $25,445,000 $127,864 $2,011 7.66%
    40-60% 73 $14,555,000 $199,384 $4,100 7.34%
    60-80% 102 $30,910,000 $303,039 $6,744 6.97%
    80-100% 61 $20,765,000 $340,410 $6,674 7.09%
    Under 20% 344 $20,950,000 $60,901 $670 7.90%