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, 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.

    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

    1,426

    Origination Dollar Volume (All Markets)

    $252,860,000

    Awards

    Potlatch No. 1 Financial Credit Union 30 Year Conventional Loans gold Potlatch No. 1 Financial Credit Union 30 Year Conventional Loans gold Potlatch No. 1 Financial Credit Union 30 Year Conventional Loans gold
    Show all (3) 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) 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%
    Potlatch No. 1 Financial Credit Union's top markets include Lewiston, Moscow, Sandpoint, Pullman, and Spokane among others.

    Their top states include:
  • Idaho (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Nevada (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.

    SPOKANE FIREFIGHTERS CREDIT UNION
    Similarity Rank: 360
    WASHINGTON STATE EMPLOYEES Credit Union
    Similarity Rank: 1480
    SAMMAMISH MORTGAGE COMPANY
    Similarity Rank: 2220
    Zions Bank
    Similarity Rank: 2790
    SUMMIT MORTGAGE CORPORATION
    Similarity Rank: 4067
    GLOBAL
    Similarity Rank: 4940
    PENRITH HOME LOANS LLC
    Similarity Rank: 5258
    SUN WEST MORTGAGE COMPANY, INC.
    Similarity Rank: 5368
    First Home Bank
    Similarity Rank: 5950
    Stifel Bank and Trust
    Similarity Rank: 5980

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 730 $120,350,000 $164,863 $3,563 3.88%
    Home Purchase 323 $77,115,000 $238,746 $4,098 3.10%
    Refi 290 $46,220,000 $159,379 $3,418 3.18%
    Other 53 $4,345,000 $81,981 $1,892 4.80%
    Home Improvement 30 $4,830,000 $161,000 $3,838 4.07%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 624 $141,620,000 $226,955 $4,157 3.20%
    20 Year 409 $49,765,000 $121,675 $3,762 4.26%
    15 Year 293 $44,285,000 $151,143 $3,166 3.13%
    10 Year 92 $14,370,000 $156,196 $1,753 4.73%
    5 Year 5 $1,195,000 $239,000 $468 5.45%
    Other 2 $420,000 $210,000 $0 4.63%
    3 Year 1 $1,205,000 $1,205,000 $0 3.13%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 467 $71,645,000 $153,415
    $<1k 293 $34,795,000 $118,754
    $2k-3k 285 $70,595,000 $247,702
    $3k-4k 69 $23,455,000 $339,928
    $4k-5k 29 $12,255,000 $422,586
    $5k+ 13 $6,665,000 $512,692

    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

    Loan Rate Originations Total Value Average Loan
    3-4% 449 $94,555,000 $210,590
    2.5-3% 383 $85,275,000 $222,650
    4-5% 242 $28,240,000 $116,694
    <2.5% 207 $35,375,000 $170,894
    6-7% 67 $4,215,000 $62,910
    5-6% 52 $3,420,000 $65,769
    7-8% 17 $1,075,000 $63,235
    Over 8% 9 $705,000 $78,333

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 553 $81,775,000 $147,875 $3,290 3.33%
    $200k-400k 436 $115,390,000 $264,656 $4,684 3.15%
    $100,000 or less 381 $22,325,000 $58,596 $1,749 4.56%
    $400k-600k 53 $24,655,000 $465,189 $6,770 3.18%
    $1MM+ 3 $8,715,000 $2,905,000 $0 3.13%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 393 $60,605,000 $154,211 $3,510 3.54%
    $100k-150k 314 $61,940,000 $197,261 $4,141 3.63%
    $75k-100k 284 $51,510,000 $181,373 $3,822 3.58%
    $50k or less 269 $32,375,000 $120,353 $2,971 3.64%
    $150k-250k 107 $24,755,000 $231,355 $4,752 3.60%
    $250k+ 22 $5,900,000 $268,182 $4,939 3.75%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 381 $62,405,000 $163,793 $3,528 3.48%
    30-36% 314 $56,500,000 $179,936 $3,914 3.63%
    <20% 154 $23,300,000 $151,299 $3,439 3.30%
    36% 62 $10,540,000 $170,000 $3,748 3.64%
    38% 59 $10,985,000 $186,186 $3,923 3.43%
    43% 55 $10,715,000 $194,818 $3,923 3.50%
    37% 54 $9,740,000 $180,370 $3,852 3.69%
    41% 53 $8,855,000 $167,075 $3,303 3.99%
    44% 52 $9,280,000 $178,462 $3,810 3.81%
    40% 52 $9,110,000 $175,192 $4,042 3.65%
    42% 49 $8,575,000 $175,000 $3,634 3.98%
    39% 42 $7,080,000 $168,571 $3,578 3.71%
    47% 23 $4,735,000 $205,870 $4,242 3.65%
    45% 21 $2,815,000 $134,048 $2,484 4.29%
    49% 16 $2,720,000 $170,000 $3,253 3.75%
    46% 14 $2,380,000 $170,000 $3,768 3.69%
    48% 11 $1,705,000 $155,000 $2,966 4.05%
    50-60% 5 $1,325,000 $265,000 $3,926 4.48%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,244 $212,530,000 $170,844 $3,630 3.62%
    Not provided 134 $24,290,000 $181,269 $4,032 3.35%
    Not applicable 8 $9,770,000 $1,221,250 $0 3.80%
    American Indian 21 $3,375,000 $160,714 $3,976 4.02%
    Asian 9 $1,565,000 $173,889 $3,225 2.93%
    Black 4 $610,000 $152,500 $3,103 2.94%
    Samoan 2 $400,000 $200,000 $4,118 2.88%
    Asian Indian 1 $185,000 $185,000 $5,303 3.50%
    Korean 1 $65,000 $65,000 $0 6.75%
    Other Asian 1 $35,000 $35,000 $0 5.25%
    Native Hawaiian or Islander 1 $35,000 $35,000 $0 4.50%

    Approval Rates

    Total approvals of all applications
    88.00%

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

    Pick Rate

    Approvals leading to origination
    66.27%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,426 $252,860,000 $177,321

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 279 $33,415,000 $119,767 $3,041 3.66%
    40-60% 301 $50,725,000 $168,522 $3,670 3.21%
    60-80% 427 $107,355,000 $251,417 $4,316 3.31%
    80-100% 195 $49,745,000 $255,103 $4,189 3.07%
    Under 20% 224 $11,620,000 $51,875 $1,049 5.05%