Prosper Bank Mortgage Rates, Fees & Info
Coatesville, PALEI: 254900U38QOOLJB8FS91
Tax ID: 23-1580399
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Mortgage Data
Review & Overview
Prosper Bank is a smaller bank specializing in Home Purchase and Refi loans. Prosper Bank has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Lancaster, Salisbury, Dover, and Harrisburg among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Prosper Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
58Origination Dollar Volume (All Markets)
$25,670,000Top 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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 27 | $13,775,000 | $510,185 | $0 | 0.00% |
| LANCASTER, PA (FHA|USDA|VA) | 14 | $3,350,000 | $239,286 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $0 | 0.00% |
| DOVER, DE (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $0 | 0.00% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 8 | $1,990,000 | $248,750 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $1,215,000 | $1,215,000 | $0 | 0.00% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| LEBANON, PA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 0.00% |
| St. Marys, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 58 | $25,670,000 | $442,586 | $0 | 0.00% |
For 2022, Prosper Bank's most frequently originated type of loan was Conventional, with 58 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 37 | $19,065,000 | $515,270 | $0 | 0.00% |
| Refi | 20 | $6,480,000 | $324,000 | $0 | 0.00% |
| Other | 1 | $125,000 | $125,000 | $0 | 0.00% |
For 2022, Prosper Bank's most frequently cited loan purpose was Home Purchase, with 37 originations. The 2nd most popular reason was Refi, with 20 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 58 | $25,670,000 | $442,586 | $0 | 0.00% |
For 2022, Prosper Bank's most frequently cited loan duration was Other, with 58 originations.
Loan Sizing
2022 saw Prosper Bank place emphasis on $200k-400k loans with 17 originations, totaling $4,935,000 in origination value.
Applicant Income
Prosper Bank lent most frequently to those with incomes in the $250k+ range, with 9 originations. The second most popular income band? $100k-150k, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 58 | $25,670,000 | $442,586 | $0 | 0.00% |
Prosper Bank lent most frequently to those with DTI ratios of Exempt%, with 58 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Prosper Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination94.83%
Prosper Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 58 | $25,670,000 | $442,586 |