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

Lewiston, ID

LEI: 254900LX8DA8FRHUUD51

Tax ID: 82-0201645

4.3 stars - Updated: 5/25/25 - out of 5 stars, based on 27 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • 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 Other and 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, Sandpoint, Pullman, and Boise City 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 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.72% 5/25/25
    30 Year Conventional Purchase 6.64% 5/25/25
    30 Year Conventional Refi 6.70% 5/25/25
    30 Year Cash-out Refi 6.70% 5/25/25
    15 Year Conventional Purchase 6.96% 5/25/25
    15 Year Conventional Refi 7.74% 5/25/25
    15 Year Cash-out Refi 7.74% 5/25/25
    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

    734

    Origination Dollar Volume (All Markets)

    $121,990,000
    Show all (6) awards

    Relative Rate

    Potlatch No. 1 Financial Credit Union's average 30 year fixed mortgage rate was 7.8%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 1.25%.

    Relative Fees (Closing Costs)

    Potlatch No. 1 Financial Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $5,268.

    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 $8,356.

    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) 240 $36,010,000 $150,042 $2,879 7.71%
    Outside of Metro Areas 126 $19,830,000 $157,381 $3,931 7.57%
    Outside of Metro Areas 120 $17,950,000 $149,583 $2,533 8.31%
    Moscow, ID (FHA|USDA|VA) 74 $13,550,000 $183,108 $4,184 7.80%
    Sandpoint, ID (FHA|USDA|VA) 47 $9,395,000 $199,894 $3,166 7.76%
    Pullman, WA (FHA|USDA|VA) 36 $5,530,000 $153,611 $3,184 7.31%
    BOISE CITY, ID (FHA|USDA|VA) 19 $5,425,000 $285,526 $8,038 6.91%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 22 $4,910,000 $223,182 $5,057 7.97%
    WALLA WALLA, WA (FHA|USDA|VA) 17 $3,865,000 $227,353 $4,407 7.39%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 5 $1,145,000 $229,000 $4,078 7.08%
    Newport, OR (FHA|USDA|VA) 2 $750,000 $375,000 $8,134 7.44%
    WENATCHEE, WA (FHA|USDA|VA) 3 $725,000 $241,667 $6,289 7.63%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 3 $675,000 $225,000 $13,258 8.17%
    Ellensburg, WA (FHA|USDA|VA) 5 $615,000 $123,000 $1,912 8.50%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 3 $265,000 $88,333 $1,252 9.00%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $245,000 $245,000 $0 8.50%
    La Grande, OR (FHA|USDA|VA) 3 $245,000 $81,667 $2,017 7.00%
    Moses Lake, WA (FHA|USDA|VA) 1 $225,000 $225,000 $3,648 6.00%
    The Dalles, OR (FHA|USDA|VA) 1 $215,000 $215,000 $4,210 5.88%
    Ontario, OR-ID (FHA|USDA|VA) 3 $165,000 $55,000 $1,081 7.92%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $145,000 $145,000 $0 8.50%
    IDAHO FALLS, ID (FHA|USDA|VA) 1 $75,000 $75,000 $0 11.50%
    YAKIMA, WA (FHA|USDA|VA) 1 $35,000 $35,000 $806 7.25%
    Potlatch No. 1 Financial Credit Union's top markets include Lewiston, Moscow, Sandpoint, Pullman, and Boise City 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.

    Potlatch No. 1 Financial Credit Union
    Similarity Rank: 276
    Zions Bank
    Similarity Rank: 918
    SAMMAMISH MORTGAGE COMPANY
    Similarity Rank: 1118
    PRIORITY HOME LENDING, LLC
    Similarity Rank: 1128
    Alaska USA Federal Credit Union
    Similarity Rank: 1144
    WASHINGTON STATE EMPLOYEES Credit Union
    Similarity Rank: 1666
    HORIZON
    Similarity Rank: 2106
    HomeStreet Bank
    Similarity Rank: 2412
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD.
    Similarity Rank: 2448
    Banner Bank
    Similarity Rank: 2470

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 438 $86,960,000 $198,539 $3,481 7.14%
    HELOC 296 $35,030,000 $118,345 n/a 8.68%

    For 2024, Potlatch No. 1 Financial Credit Union's most frequently originated type of loan was Conventional, with 438 originations. Their 2nd most popular type was HELOC, with 296 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 301 $30,575,000 $101,578 $872 8.29%
    Home Purchase 172 $55,230,000 $321,105 $6,375 6.59%
    Home Improvement 117 $10,735,000 $91,752 $758 8.31%
    Refi 104 $16,450,000 $158,173 $2,438 8.06%
    Cash Out Refi 40 $9,000,000 $225,000 $4,797 6.46%

    For 2024, Potlatch No. 1 Financial Credit Union's most frequently cited loan purpose was Other, with 301 originations. The 2nd most popular reason was Home Purchase, with 172 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 400 $71,300,000 $178,250 $5,268 7.80%
    15 Year 171 $17,125,000 $100,146 $1,071 7.75%
    20 Year 70 $11,840,000 $169,143 $6,214 8.56%
    10 Year 52 $3,860,000 $74,231 $848 7.29%
    30+ year 35 $17,625,000 $503,571 $11,007 6.58%
    5 Year 5 $165,000 $33,000 $427 7.28%
    Other 1 $75,000 $75,000 $4,739 7.88%

    For 2024, Potlatch No. 1 Financial Credit Union's most frequently cited loan duration was 30 Year, with 400 originations. The 2nd most popular length was 15 Year, with 171 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 221 $19,655,000 $88,937
    $2k-3k 51 $12,625,000 $247,549
    $1k-2k 50 $7,510,000 $150,200
    $5k+ 33 $20,935,000 $634,394
    $3k-4k 31 $10,785,000 $347,903
    $4k-5k 23 $9,545,000 $415,000

    Potlatch No. 1 Financial Credit Union's average total fees were $5,268, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 221 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 325 $35,625,000 $109,615
    7-8% 190 $24,330,000 $128,053
    6-7% 149 $44,925,000 $301,510
    5-6% 67 $16,795,000 $250,672
    4-5% 3 $315,000 $105,000

    During 2024, Potlatch No. 1 Financial Credit Union's average interest rate for loans was 7.80%, while their most frequently originated rate bucket for loans was Over 8%, with 325 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 336 $19,610,000 $58,363 $824 8.22%
    $100k-200k 185 $25,485,000 $137,757 $2,351 7.80%
    $200k-400k 152 $41,910,000 $275,724 $5,291 7.11%
    $400k-600k 42 $19,590,000 $466,429 $8,260 6.77%
    $600k-1MM 15 $10,905,000 $727,000 $11,808 6.78%
    $1MM+ 4 $4,490,000 $1,122,500 $22,947 6.13%

    2024 saw Potlatch No. 1 Financial Credit Union place emphasis on $100,000 or less loans with 336 originations, totaling $19,610,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 190 $31,370,000 $165,105 $3,702 7.75%
    $75k-100k 164 $23,610,000 $143,963 $2,785 7.89%
    $50k-75k 146 $16,140,000 $110,548 $2,305 7.88%
    $150k-250k 127 $26,365,000 $207,598 $4,316 7.79%
    $50k or less 62 $5,070,000 $81,774 $2,015 7.44%
    $250k+ 29 $15,265,000 $526,379 $10,693 7.22%

    Potlatch No. 1 Financial Credit Union lent most frequently to those with incomes in the $100k-150k range, with 190 originations. The second most popular income band? $75k-100k, with 164 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 139 $19,955,000 $143,561 $3,155 7.52%
    30-36% 120 $19,060,000 $158,833 $3,253 7.65%
    44% 61 $13,695,000 $224,508 $4,638 7.95%
    43% 56 $9,020,000 $161,071 $4,264 7.90%
    <20% 45 $5,835,000 $129,667 $2,994 7.04%
    40% 44 $8,150,000 $185,227 $3,802 7.85%
    42% 43 $7,765,000 $180,581 $3,069 7.97%
    45% 38 $5,910,000 $155,526 $2,553 8.34%
    41% 34 $6,590,000 $193,824 $3,887 7.76%
    39% 31 $5,135,000 $165,645 $3,716 7.82%
    38% 29 $3,285,000 $113,276 $2,262 8.26%
    46% 26 $4,510,000 $173,462 $2,945 7.98%
    37% 23 $2,835,000 $123,261 $2,535 8.17%
    36% 23 $3,815,000 $165,870 $3,615 8.02%
    47% 7 $765,000 $109,286 $2,030 7.80%
    49% 5 $1,705,000 $341,000 $6,446 6.28%
    48% 3 $1,155,000 $385,000 $8,042 7.04%
    50-60% 2 $1,020,000 $510,000 $9,476 6.88%
    >60% 1 $275,000 $275,000 $4,869 8.00%

    Potlatch No. 1 Financial Credit Union lent most frequently to those with DTI ratios of 20-30%, with 139 originations. The next most common DTI ratio? 30-36%, with 120 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 644 $105,250,000 $163,432 $3,333 7.78%
    Not provided 70 $13,270,000 $189,571 $4,790 7.54%
    American Indian 9 $1,365,000 $151,667 $4,823 8.38%
    Not applicable 3 $1,005,000 $335,000 $0 7.38%
    Asian 3 $645,000 $215,000 $5,866 7.31%
    Black 4 $290,000 $72,500 $1,252 8.69%
    Asian Indian 1 $165,000 $165,000 $0 6.88%

    Approval Rates

    Total approvals of all applications
    86.69%

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

    Pick Rate

    Approvals leading to origination
    60.63%

    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 13 $1,085,000 $83,462
    NA 721 $120,905,000 $167,691

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    734 $121,990,000 $166,199

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 203 $27,365,000 $134,803 $2,535 8.04%
    40-60% 90 $22,570,000 $250,778 $4,751 7.39%
    60-80% 107 $35,905,000 $335,561 $7,067 6.92%
    80-100% 49 $18,265,000 $372,755 $6,256 6.71%
    Under 20% 285 $17,885,000 $62,754 $681 8.18%