Potlatch No. 1 Financial Credit Union Mortgage Rates, Fees & Info
Lewiston, IDLEI: 254900LX8DA8FRHUUD51
Tax ID: 82-0201645
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Mortgage Data
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, Pullman, and Spokane among others. We have data for 29 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,426Origination Dollar Volume (All Markets)
$252,860,000Awards
Potlatch No. 1 Financial Credit Union - 2021
Potlatch No. 1 Financial Credit Union is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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) | 509 | $89,255,000 | $175,354 | $3,465 | 3.49% |
| Outside of Metro Areas | 312 | $46,950,000 | $150,481 | $3,657 | 3.45% |
| Outside of Metro Areas | 202 | $33,400,000 | $165,347 | $3,813 | 4.12% |
| Moscow, ID (FHA|USDA|VA) | 141 | $25,545,000 | $181,170 | $3,847 | 3.59% |
| Sandpoint, ID (FHA|USDA|VA) | 115 | $20,475,000 | $178,043 | $4,236 | 3.88% |
| Pullman, WA (FHA|USDA|VA) | 77 | $14,925,000 | $193,831 | $3,549 | 3.40% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 22 | $10,800,000 | $490,909 | $3,930 | 3.39% |
| WALLA WALLA, WA (FHA|USDA|VA) | 12 | $2,550,000 | $212,500 | $3,588 | 2.96% |
| Ellensburg, WA (FHA|USDA|VA) | 6 | $1,220,000 | $203,333 | $4,962 | 3.75% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $0 | 3.13% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 3.25% |
| BOISE CITY, ID (FHA|USDA|VA) | 5 | $835,000 | $167,000 | $3,824 | 3.50% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $2,152 | 3.13% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,894 | 3.50% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $5,683 | 2.50% |
| YAKIMA, WA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $4,409 | 2.69% |
| La Grande, OR (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $3,763 | 3.44% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $2,917 | 3.13% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,213 | 2.63% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,446 | 3.88% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,593 | 2.13% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,861 | 3.25% |
| BEND, OR (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,794 | 3.25% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $3,281 | 4.00% |
| Othello, WA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,500 | 3.25% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,753 | 3.88% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 3.25% |
| Ontario, OR-ID (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,931 | 3.00% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,449 | 2.88% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,178 | $230,300,000 | $195,501 | $3,671 | 3.34% |
| HELOC | 248 | $22,560,000 | $90,968 | n/a | 4.82% |
For 2021, Potlatch No. 1 Financial Credit Union's most frequently originated type of loan was Conventional, with 1,178 originations. Their 2nd most popular type was HELOC, with 248 originations.
Loan Reason
For 2021, Potlatch No. 1 Financial Credit Union's most frequently cited loan purpose was Cash Out Refi, with 730 originations. The 2nd most popular reason was Home Purchase, with 323 originations.
Loan Duration/Length
For 2021, Potlatch No. 1 Financial Credit Union's most frequently cited loan duration was 30 Year, with 624 originations. The 2nd most popular length was 20 Year, with 409 originations.
Origination Fees/Closing Costs
Potlatch No. 1 Financial Credit Union's average total fees were $4,157, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 467 originations.
Interest Rates
During 2021, Potlatch No. 1 Financial Credit Union's average interest rate for loans was 3.20%, while their most frequently originated rate bucket for loans was 3-4%, with 449 originations.
Loan Sizing
2021 saw Potlatch No. 1 Financial Credit Union place emphasis on $100k-200k loans with 553 originations, totaling $81,775,000 in origination value.
Applicant Income
Potlatch No. 1 Financial Credit Union lent most frequently to those with incomes in the $50k-75k range, with 393 originations. The second most popular income band? $100k-150k, with 314 originations.
Applicant Debt to Income Ratio
Potlatch No. 1 Financial Credit Union lent most frequently to those with DTI ratios of 20-30%, with 381 originations. The next most common DTI ratio? 30-36%, with 314 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.00%
Potlatch No. 1 Financial Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination66.27%
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 | 1,426 | $252,860,000 | $177,321 |