Potlatch No. 1 Financial Credit Union Mortgage Rates, Fees & Info
Lewiston, IDLEI: 254900LX8DA8FRHUUD51
Tax ID: 82-0201645
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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.
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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
1,172Origination Dollar Volume (All Markets)
$204,660,000Relative 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% |
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.
Similarity Rank: 315
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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
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications87.18%
Potlatch No. 1 Financial Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination73.63%
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 |