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

Lewiston, ID

LEI: 254900LX8DA8FRHUUD51

Tax ID: 82-0201645

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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 Cash Out Refi 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, Pullman, and Sandpoint among others. We have data for 6 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% 4/21/24
    30 Year Conventional Purchase 6.62% 4/21/24
    30 Year Conventional Refi 6.29% 4/21/24
    30 Year Cash-out Refi 6.53% 4/21/24
    15 Year Conventional Purchase 6.51% 4/21/24
    15 Year Conventional Refi 7.33% 4/21/24
    15 Year Cash-out Refi 7.33% 4/21/24
    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

    786

    Origination Dollar Volume (All Markets)

    $91,950,000
    Show all (5) awards

    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) 395 $47,805,000 $121,025 $2,373 5.21%
    Outside of Metro Areas 126 $13,660,000 $108,413 $2,418 5.33%
    Moscow, ID (FHA|USDA|VA) 81 $11,725,000 $144,753 $2,691 5.19%
    Outside of Metro Areas 120 $11,130,000 $92,750 $1,979 6.09%
    Pullman, WA (FHA|USDA|VA) 35 $4,465,000 $127,571 $2,845 5.08%
    Sandpoint, ID (FHA|USDA|VA) 29 $3,165,000 $109,138 $2,502 5.67%
    Potlatch No. 1 Financial Credit Union's top markets include Lewiston, Moscow, Pullman, and Sandpoint among others.

    Their top states include:
  • Idaho (FHA|USDA|VA)
  • Washington (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: 228
    SPOKANE FIREFIGHTERS CREDIT UNION
    Similarity Rank: 275
    Idaho Independent Bank
    Similarity Rank: 448
    Boeing Employees Credit Union
    Similarity Rank: 774
    IDAHO CENTRAL
    Similarity Rank: 992
    PRIORITY HOME LENDING, LLC
    Similarity Rank: 1120
    Columbia State Bank
    Similarity Rank: 1938
    Zions Bank
    Similarity Rank: 2032
    First Interstate Bank
    Similarity Rank: 2366
    GLOBAL
    Similarity Rank: 2450

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 701 $86,095,000 $122,817 $2,390 5.28%
    HELOC 85 $5,855,000 $68,882 n/a 6.20%

    For 2018, Potlatch No. 1 Financial Credit Union's most frequently originated type of loan was Conventional, with 701 originations. Their 2nd most popular type was HELOC, with 85 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 391 $29,965,000 $76,637 $1,543 5.96%
    Home Purchase 289 $47,245,000 $163,478 $3,249 4.75%
    Refi 80 $12,420,000 $155,250 $2,976 4.69%
    Home Improvement 25 $2,215,000 $88,600 $2,018 5.65%
    Other 1 $105,000 $105,000 $0 6.00%

    For 2018, Potlatch No. 1 Financial Credit Union's most frequently cited loan purpose was Cash Out Refi, with 391 originations. The 2nd most popular reason was Home Purchase, with 289 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 343 $58,545,000 $170,685 $3,322 4.67%
    15 Year 166 $16,070,000 $96,807 $1,638 5.73%
    20 Year 138 $11,510,000 $83,406 $3,011 5.90%
    10 Year 130 $4,850,000 $37,308 $625 6.19%
    5 Year 5 $135,000 $27,000 $282 6.15%
    Other 2 $440,000 $220,000 $0 5.50%
    1 Year 1 $95,000 $95,000 $0 6.58%
    30+ year 1 $305,000 $305,000 $0 4.88%

    For 2018, Potlatch No. 1 Financial Credit Union's most frequently cited loan duration was 30 Year, with 343 originations. The 2nd most popular length was 15 Year, with 166 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 307 $19,175,000 $62,459
    $1k-2k 243 $36,615,000 $150,679
    $2k-3k 73 $16,485,000 $225,822
    $3k-4k 23 $6,185,000 $268,913
    $4k-5k 4 $1,410,000 $352,500
    $5k+ 4 $1,440,000 $360,000

    Potlatch No. 1 Financial Credit Union's average total fees were $3,322, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 307 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 329 $53,315,000 $162,052
    6-7% 169 $9,265,000 $54,822
    5-6% 165 $16,515,000 $100,091
    3-4% 72 $10,000,000 $138,889
    7-8% 31 $1,665,000 $53,710
    Over 8% 20 $1,190,000 $59,500

    During 2018, Potlatch No. 1 Financial Credit Union's average interest rate for loans was 4.67%, while their most frequently originated rate bucket for loans was 4-5%, with 329 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 373 $18,135,000 $48,619 $982 6.03%
    $100k-200k 294 $42,700,000 $145,238 $2,991 4.78%
    $200k-400k 114 $28,480,000 $249,825 $4,356 4.79%
    $400k-600k 4 $1,670,000 $417,500 $7,645 4.41%
    $600k-1MM 1 $965,000 $965,000 $0 5.75%

    2018 saw Potlatch No. 1 Financial Credit Union place emphasis on $100,000 or less loans with 373 originations, totaling $18,135,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 224 $25,430,000 $113,527 $2,358 5.33%
    $50k or less 220 $20,180,000 $91,727 $2,231 5.23%
    $75k-100k 139 $18,055,000 $129,892 $2,592 5.45%
    $100k-150k 135 $17,165,000 $127,148 $2,442 5.50%
    $150k-250k 40 $6,760,000 $169,000 $2,862 5.58%
    $250k+ 9 $1,095,000 $121,667 $2,801 5.85%

    Potlatch No. 1 Financial Credit Union lent most frequently to those with incomes in the $50k-75k range, with 224 originations. The second most popular income band? $50k or less, with 220 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 169 $19,165,000 $113,402 $2,272 5.30%
    30-36% 149 $19,515,000 $130,973 $2,852 5.37%
    <20% 55 $5,225,000 $95,000 $2,148 5.05%
    40% 42 $4,470,000 $106,429 $2,292 5.78%
    38% 38 $4,380,000 $115,263 $2,273 5.39%
    43% 34 $3,200,000 $94,118 $2,011 5.83%
    36% 33 $3,455,000 $104,697 $2,021 5.58%
    39% 32 $3,140,000 $98,125 $2,244 5.54%
    41% 31 $2,515,000 $81,129 $1,483 6.09%
    42% 27 $2,885,000 $106,852 $2,417 5.37%
    37% 24 $1,880,000 $78,333 $1,341 6.38%
    44% 16 $2,320,000 $145,000 $2,836 5.38%
    47% 13 $2,255,000 $173,462 $3,436 4.83%
    46% 9 $1,125,000 $125,000 $2,352 5.38%
    49% 9 $1,425,000 $158,333 $3,168 4.79%
    48% 8 $1,360,000 $170,000 $3,504 4.61%
    45% 6 $860,000 $143,333 $3,113 4.17%
    >60% 3 $225,000 $75,000 $787 6.75%
    50-60% 2 $380,000 $190,000 $3,782 5.25%

    Potlatch No. 1 Financial Credit Union lent most frequently to those with DTI ratios of 20-30%, with 169 originations. The next most common DTI ratio? 30-36%, with 149 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 712 $82,160,000 $115,393 $2,368 5.36%
    Not provided 50 $5,600,000 $112,000 $2,658 5.45%
    American Indian 15 $1,855,000 $123,667 $2,319 5.46%
    Not applicable 5 $1,585,000 $317,000 $0 6.22%
    Asian 3 $625,000 $208,333 $4,278 5.13%
    Filipino 1 $125,000 $125,000 $1,468 4.63%

    Approval Rates

    Total approvals of all applications
    88.52%

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

    Pick Rate

    Approvals leading to origination
    71.37%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 786 $91,950,000 $116,985

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $1,170,000 $585,000
    Single Family (1-4 Units):Manufactured 101 $9,875,000 $97,772
    Single Family (1-4 Units):Site-Built 683 $80,905,000 $118,455

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 129 $8,885,000 $68,876 $1,256 5.89%
    40-60% 77 $9,245,000 $120,065 $2,977 4.84%
    60-80% 180 $29,810,000 $165,611 $3,443 4.92%
    80-100% 170 $30,940,000 $182,000 $3,328 4.77%
    Over 100% 1 $35,000 $35,000 $425 6.50%
    Under 20% 172 $6,250,000 $36,337 $534 6.39%