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

Jump to:

  • 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, Sandpoint, Othello, and Pullman among others. We have data for 11 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 12/16/24
    30 Year Conventional Purchase 6.62% 12/16/24
    30 Year Conventional Refi 6.29% 12/16/24
    30 Year Cash-out Refi 6.53% 12/16/24
    15 Year Conventional Purchase 6.51% 12/16/24
    15 Year Conventional Refi 7.33% 12/16/24
    15 Year Cash-out Refi 7.33% 12/16/24
    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

    923

    Origination Dollar Volume (All Markets)

    $142,865,000
    Show all (8) 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) 419 $61,985,000 $147,936 $2,684 4.69%
    Outside of Metro Areas 153 $21,425,000 $140,033 $3,089 5.19%
    Outside of Metro Areas 136 $17,180,000 $126,324 $2,773 4.79%
    Moscow, ID (FHA|USDA|VA) 101 $17,115,000 $169,455 $3,251 4.60%
    Sandpoint, ID (FHA|USDA|VA) 54 $8,370,000 $155,000 $3,179 4.83%
    Othello, WA (FHA|USDA|VA) 2 $8,130,000 $4,065,000 $0 4.56%
    Pullman, WA (FHA|USDA|VA) 48 $7,090,000 $147,708 $3,076 4.63%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 7 $1,045,000 $149,286 $3,314 5.14%
    BOISE CITY, ID (FHA|USDA|VA) 1 $255,000 $255,000 $2,219 3.38%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $215,000 $215,000 $3,429 3.00%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $55,000 $55,000 $2,174 3.50%
    Potlatch No. 1 Financial Credit Union's top markets include Lewiston, Moscow, Sandpoint, Othello, and Pullman 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: 495
    Zions Bank
    Similarity Rank: 1474
    WASHINGTON STATE EMPLOYEES Credit Union
    Similarity Rank: 2412
    IDAHO CENTRAL
    Similarity Rank: 2412
    HORIZON
    Similarity Rank: 2415
    PRIORITY HOME LENDING, LLC
    Similarity Rank: 2737
    GLOBAL
    Similarity Rank: 2880
    Boeing Employees Credit Union
    Similarity Rank: 2880
    IVY MORTGAGE, INC.
    Similarity Rank: 2964
    SPOKANE TEACHERS
    Similarity Rank: 3003

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 822 $135,080,000 $164,331 $2,876 4.56%
    HELOC 101 $7,785,000 $77,079 n/a 6.60%

    For 2019, 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 101 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 500 $55,700,000 $111,400 $2,312 5.38%
    Home Purchase 293 $65,645,000 $224,044 $3,613 4.17%
    Refi 121 $20,495,000 $169,380 $3,206 3.67%
    Other 9 $1,025,000 $113,889 $0 6.50%

    For 2019, Potlatch No. 1 Financial Credit Union's most frequently cited loan purpose was Cash Out Refi, with 500 originations. The 2nd most popular reason was Home Purchase, with 293 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 425 $84,745,000 $199,400 $3,690 3.98%
    15 Year 190 $21,480,000 $113,053 $2,123 4.90%
    20 Year 181 $19,555,000 $108,039 $3,460 5.73%
    10 Year 122 $16,930,000 $138,770 $746 5.92%
    5 Year 5 $155,000 $31,000 $172 6.40%

    For 2019, Potlatch No. 1 Financial Credit Union's most frequently cited loan duration was 30 Year, with 425 originations. The 2nd most popular length was 15 Year, with 190 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 294 $45,250,000 $153,912
    $<1k 287 $21,435,000 $74,686
    $2k-3k 139 $34,075,000 $245,144
    $3k-4k 41 $13,015,000 $317,439
    $4k-5k 14 $5,690,000 $406,429
    $5k+ 4 $1,560,000 $390,000

    Potlatch No. 1 Financial Credit Union's average total fees were $3,690, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 294 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 403 $75,555,000 $187,481
    6-7% 188 $12,410,000 $66,011
    4-5% 162 $40,240,000 $248,395
    5-6% 73 $4,775,000 $65,411
    2.5-3% 42 $6,960,000 $165,714
    7-8% 34 $1,810,000 $53,235
    Over 8% 21 $1,115,000 $53,095

    During 2019, Potlatch No. 1 Financial Credit Union's average interest rate for loans was 3.98%, while their most frequently originated rate bucket for loans was 3-4%, with 403 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 359 $19,255,000 $53,635 $1,061 5.99%
    $100k-200k 315 $46,195,000 $146,651 $3,091 4.03%
    $200k-400k 228 $59,630,000 $261,535 $4,451 3.98%
    $400k-600k 15 $6,645,000 $443,000 $6,722 3.83%
    $600k-1MM 4 $3,010,000 $752,500 $0 5.00%
    $1MM+ 2 $8,130,000 $4,065,000 $0 4.56%

    2019 saw Potlatch No. 1 Financial Credit Union place emphasis on $100,000 or less loans with 359 originations, totaling $19,255,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 267 $35,245,000 $132,004 $2,684 4.79%
    $75k-100k 203 $29,125,000 $143,473 $2,799 4.82%
    $50k or less 197 $19,955,000 $101,294 $2,428 4.84%
    $100k-150k 175 $30,145,000 $172,257 $3,467 4.74%
    $150k-250k 53 $12,365,000 $233,302 $3,940 4.49%
    $250k+ 18 $6,260,000 $347,778 $3,243 4.88%

    Potlatch No. 1 Financial Credit Union lent most frequently to those with incomes in the $50k-75k range, with 267 originations. The second most popular income band? $75k-100k, with 203 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 238 $36,060,000 $151,513 $3,034 4.48%
    30-36% 191 $27,055,000 $141,649 $2,761 4.80%
    <20% 92 $13,110,000 $142,500 $2,763 4.44%
    38% 48 $6,980,000 $145,417 $2,938 5.08%
    40% 46 $6,000,000 $130,435 $2,496 5.16%
    36% 45 $5,775,000 $128,333 $2,764 5.21%
    39% 42 $7,020,000 $167,143 $3,260 4.90%
    41% 42 $5,140,000 $122,381 $2,522 5.14%
    42% 40 $5,010,000 $125,250 $2,456 5.36%
    43% 31 $5,085,000 $164,032 $3,709 4.82%
    37% 30 $4,120,000 $137,333 $2,458 5.01%
    46% 16 $3,180,000 $198,750 $3,836 4.19%
    44% 15 $1,845,000 $123,000 $2,927 5.30%
    45% 14 $2,130,000 $152,143 $3,045 4.90%
    48% 9 $1,715,000 $190,556 $3,352 4.32%
    47% 8 $1,220,000 $152,500 $2,855 4.55%
    49% 6 $1,060,000 $176,667 $2,915 5.08%
    50-60% 4 $1,450,000 $362,500 $875 5.19%
    >60% 2 $410,000 $205,000 $2,598 5.81%

    Potlatch No. 1 Financial Credit Union lent most frequently to those with DTI ratios of 20-30%, with 238 originations. The next most common DTI ratio? 30-36%, with 191 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 835 $119,935,000 $143,635 $2,811 4.82%
    Not provided 64 $10,870,000 $169,844 $3,546 4.39%
    Not applicable 4 $8,500,000 $2,125,000 $0 4.53%
    American Indian 12 $1,860,000 $155,000 $3,071 4.59%
    Asian Indian 2 $790,000 $395,000 $5,756 3.00%
    Filipino 1 $395,000 $395,000 $4,963 3.50%
    Black 2 $310,000 $155,000 $5,206 5.38%
    Asian 3 $205,000 $68,333 $1,294 5.54%

    Approval Rates

    Total approvals of all applications
    89.01%

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

    Pick Rate

    Approvals leading to origination
    68.15%

    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
    NA 923 $142,865,000 $154,783

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $2,645,000 $2,645,000
    Multifamily:Site-Built 5 $8,495,000 $1,699,000
    Single Family (1-4 Units):Manufactured 114 $12,180,000 $106,842
    Single Family (1-4 Units):Site-Built 803 $119,545,000 $148,873

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 158 $12,420,000 $78,608 $1,555 5.55%
    40-60% 138 $20,410,000 $147,899 $3,159 4.32%
    60-80% 266 $52,850,000 $198,684 $3,798 4.08%
    80-100% 194 $47,950,000 $247,165 $3,800 4.07%
    Under 20% 166 $9,080,000 $54,699 $597 6.40%