Prosperity Home Mortgage Rates, Fees & Info

Richmond, VA

LEI: 5493005PKOSG7MYX0B34

Tax ID: 20-5216358

2020 Data | 2019 Data | 2018 Data


Overview

Prosperity Home Mortgage is a large mortgage company specializing in Home Purchase and Refi loans. Prosperity Home Mortgage has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Washington, Minneapolis, Atlanta, Frederick, and Baltimore among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Prosperity Home Mortgage is typically an average fee lendor.


Originations

43,683

Origination Dollar Volume (All Markets)

$13,837,985,000

Relative Rate

Prosperity Home Mortgage 's average 30 year fixed rate mortgage was 3.17%.

The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.

This yields a difference of -0.19%.

Relative Fees

Prosperity Home Mortgage 's average total fees for a 30 year fixed rate mortgage are $4,803.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $5,021.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 36,460 $11,680,660,000 $320,369 $4,094 3.15%
VA 3,709 $1,360,165,000 $366,720 $7,568 2.91%
FHA 2,937 $684,275,000 $232,984 $7,832 3.30%
USDA 577 $112,885,000 $195,641 $5,368 2.98%

For the 2020 period, Prosperity Home Mortgage 's most frequently originated loan type was Conventional, with 36,460 originations. Their 2nd most popular type is VA, with 3,709 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 30,387 $9,464,805,000 $311,475 $5,014 3.12%
Refi 10,886 $3,658,450,000 $336,069 $3,729 3.13%
Cash Out Refi 2,266 $681,350,000 $300,684 $4,376 3.39%
Other 118 $27,730,000 $235,000 $3,883 3.65%
Home Improvement 26 $5,650,000 $217,308 $3,636 3.72%

For the 2020, Prosperity Home Mortgage 's most frequently cited loan purpose was Home Purchase, with 30,387 originations. The 2nd most popular reason was Refi, with 10,886 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 39,521 $12,814,155,000 $324,237 $4,804 3.16%
15 Year 2,673 $703,005,000 $263,002 $3,536 2.82%
20 Year 940 $252,740,000 $268,872 $3,421 3.15%
10 Year 402 $26,770,000 $66,592 $973 2.48%
Other 143 $41,285,000 $288,706 $3,636 3.17%
3 Year 2 $10,000 $5,000 $0 0.00%
5 Year 2 $20,000 $10,000 $202 0.00%

For the 2020, Prosperity Home Mortgage 's most frequently cited loan length was 30 Year, with 39,521 originations. The 2nd most popular length was 15 Year, with 2,673 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 25,198 $8,192,210,000 $325,114
$<1k 12,153 $3,164,615,000 $260,398
$2k-3k 3,321 $1,098,575,000 $330,796
$3k-4k 1,995 $781,435,000 $391,697
$5k+ 1,016 $601,150,000 $591,683

$4,803 was Prosperity Home Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 25,198 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 4,260 $1,971,560,000 $462,808 $6,023 3.09%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 3,981 $1,096,395,000 $275,407 $4,089 3.10%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 3,074 $956,750,000 $311,239 $4,583 3.18%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 1,558 $715,860,000 $459,474 $5,566 3.15%
BALTIMORE-COLUMBIA-TOWSON, MD 1,978 $649,650,000 $328,438 $5,761 3.15%
DALLAS-PLANO-IRVING, TX 1,646 $531,230,000 $322,740 $5,618 3.11%
RALEIGH-CARY, NC 1,617 $481,575,000 $297,820 $3,809 3.15%
RICHMOND, VA 1,575 $467,715,000 $296,962 $4,605 3.17%
KANSAS CITY, MO-KS 1,927 $455,505,000 $236,380 $2,976 3.05%
Outside of Metro Areas 1,995 $437,655,000 $219,376 $4,074 3.13%
TUCSON, AZ 1,278 $315,570,000 $246,925 $4,365 3.14%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 499 $305,135,000 $611,493 $6,567 3.19%
DENVER-AURORA-LAKEWOOD, CO 588 $270,340,000 $459,762 $4,086 3.11%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 963 $268,595,000 $278,915 $5,047 3.07%
CHICAGO-NAPERVILLE-EVANSTON, IL 726 $225,430,000 $310,510 $4,603 3.17%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 330 $209,270,000 $634,152 $4,730 3.30%
BIRMINGHAM-HOOVER, AL 833 $192,315,000 $230,870 $3,546 3.21%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 561 $182,505,000 $325,321 $6,084 3.17%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 706 $174,610,000 $247,323 $4,582 3.13%
JACKSONVILLE, FL 574 $162,010,000 $282,247 $4,429 3.18%
MILWAUKEE-WAUKESHA, WI 630 $157,810,000 $250,492 $2,386 3.11%
ANAHEIM-SANTA ANA-IRVINE, CA 220 $152,560,000 $693,455 $6,543 3.32%
LOUISVILLE/JEFFERSON COUNTY, KY-IN 621 $140,255,000 $225,853 $3,418 3.26%
DURHAM-CHAPEL HILL, NC 471 $135,175,000 $286,996 $3,813 3.17%
FORT WORTH-ARLINGTON-GRAPEVINE, TX 440 $129,940,000 $295,318 $5,432 3.09%
LOS ANGELES-LONG BEACH-GLENDALE, CA 197 $126,675,000 $643,020 $6,852 3.13%
MADISON, WI 477 $120,115,000 $251,813 $2,830 3.08%
PHILADELPHIA, PA 428 $109,500,000 $255,841 $5,835 3.20%
SANTA MARIA-SANTA BARBARA, CA 162 $103,200,000 $637,037 $5,560 3.24%
OMAHA-COUNCIL BLUFFS, NE-IA 432 $103,050,000 $238,542 $3,491 2.93%
NEW BRUNSWICK-LAKEWOOD, NJ 286 $93,930,000 $328,427 $6,054 3.26%
BRIDGEPORT-STAMFORD-NORWALK, CT 222 $91,590,000 $412,568 $5,677 3.13%
NEWARK, NJ-PA 220 $88,710,000 $403,227 $6,488 3.16%
SEATTLE-BELLEVUE-KENT, WA 196 $82,270,000 $419,745 $4,898 3.12%
OCEAN CITY, NJ 209 $81,165,000 $388,349 $4,824 3.12%
SALISBURY, MD-DE 290 $81,050,000 $279,483 $5,211 3.14%
CINCINNATI, OH-KY-IN 415 $79,935,000 $192,614 $3,575 3.22%
WINSTON-SALEM, NC 308 $75,730,000 $245,877 $3,798 3.10%
WILMINGTON, DE-MD-NJ 258 $75,400,000 $292,248 $5,380 3.15%
CHARLOTTE-CONCORD-GASTONIA, NC-SC 219 $62,255,000 $284,269 $3,929 3.21%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 171 $61,425,000 $359,211 $4,883 3.18%
GREENSBORO-HIGH POINT, NC 251 $59,325,000 $236,355 $3,887 3.09%
LAKE COUNTY-KENOSHA COUNTY, IL-WI 175 $58,425,000 $333,857 $4,796 3.08%
CHARLESTON-NORTH CHARLESTON, SC 189 $48,465,000 $256,429 $5,116 3.17%
BLACKSBURG-CHRISTIANSBURG, VA 202 $48,450,000 $239,851 $3,712 3.25%
MIAMI-MIAMI BEACH-KENDALL, FL 99 $43,075,000 $435,101 $5,837 3.22%
CHARLOTTESVILLE, VA 144 $42,500,000 $295,139 $4,742 3.19%
NORWICH-NEW LONDON, CT 152 $42,260,000 $278,026 $5,290 3.12%
OXNARD-THOUSAND OAKS-VENTURA, CA 78 $39,510,000 $506,538 $5,954 3.14%
NEW HAVEN-MILFORD, CT 157 $38,665,000 $246,274 $4,703 3.17%
ROCHESTER, MN 174 $38,440,000 $220,920 $4,003 2.97%
LINCOLN, NE 205 $37,925,000 $185,000 $2,863 2.97%
SALEM, OR 124 $35,920,000 $289,677 $5,301 3.23%
PHOENIX-MESA-CHANDLER, AZ 129 $35,505,000 $275,233 $4,483 3.15%
LEXINGTON-FAYETTE, KY 168 $34,630,000 $206,131 $3,435 3.25%
FRESNO, CA 114 $33,130,000 $290,614 $4,876 3.18%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 100 $32,030,000 $320,300 $5,126 3.26%
CHATTANOOGA, TN-GA 138 $31,050,000 $225,000 $3,949 3.15%
CAMDEN, NJ 131 $30,665,000 $234,084 $4,722 3.15%
ATLANTIC CITY-HAMMONTON, NJ 115 $30,485,000 $265,087 $4,499 3.22%
OAKLAND-BERKELEY-LIVERMORE, CA 43 $26,945,000 $626,628 $5,474 3.25%
HAGERSTOWN-MARTINSBURG, MD-WV 118 $26,940,000 $228,305 $5,157 3.09%
LYNCHBURG, VA 121 $24,885,000 $205,661 $3,750 3.10%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 27 $24,765,000 $917,222 $5,429 3.21%
GAINESVILLE, GA 80 $23,240,000 $290,500 $5,076 3.16%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 69 $23,185,000 $336,014 $5,314 3.33%
WARREN-TROY-FARMINGTON HILLS, MI 110 $22,710,000 $206,455 $3,865 3.21%
TACOMA-LAKEWOOD, WA 66 $22,660,000 $343,333 $5,224 2.88%
ELIZABETHTOWN-FORT KNOX, KY 119 $22,285,000 $187,269 $4,268 3.13%
ROANOKE, VA 105 $21,615,000 $205,857 $3,624 3.23%
ORLANDO-KISSIMMEE-SANFORD, FL 83 $20,245,000 $243,916 $4,399 3.29%
SIERRA VISTA-DOUGLAS, AZ 94 $19,890,000 $211,596 $4,378 3.10%
ST. CLOUD, MN 107 $19,145,000 $178,925 $3,720 2.89%
PITTSBURGH, PA 107 $19,055,000 $178,084 $4,635 3.22%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 47 $17,945,000 $381,809 $5,424 3.08%
CAPE CORAL-FORT MYERS, FL 64 $15,950,000 $249,219 $4,163 3.15%
PORT ST. LUCIE, FL 59 $14,035,000 $237,881 $4,193 3.35%
STAUNTON, VA 69 $13,805,000 $200,072 $4,373 3.20%
NORTH PORT-SARASOTA-BRADENTON, FL 50 $13,730,000 $274,600 $4,610 3.21%
SALINAS, CA 28 $13,400,000 $478,571 $5,481 3.28%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 34 $13,260,000 $390,000 $5,598 3.12%
WAUSAU-WESTON, WI 75 $12,825,000 $171,000 $3,030 3.24%
PROVIDENCE-WARWICK, RI-MA 40 $12,150,000 $303,750 $4,241 3.13%
FAYETTEVILLE, NC 52 $11,590,000 $222,885 $4,596 3.20%
SANTA CRUZ-WATSONVILLE, CA 19 $11,425,000 $601,316 $4,326 3.26%
TRENTON-PRINCETON, NJ 42 $11,310,000 $269,286 $6,000 3.26%
WORCESTER, MA-CT 43 $10,575,000 $245,930 $4,254 3.05%
ELGIN, IL 37 $9,455,000 $255,541 $5,363 3.04%
BOULDER, CO 18 $9,370,000 $520,556 $4,038 3.26%
NAPLES-MARCO ISLAND, FL 32 $9,350,000 $292,188 $5,274 3.06%
SHERMAN-DENISON, TX 34 $9,110,000 $267,941 $5,210 3.15%
SPRINGFIELD, MO 52 $8,830,000 $169,808 $2,857 3.13%
SACRAMENTO-ROSEVILLE-FOLSOM, CA 22 $8,150,000 $370,455 $3,415 3.31%
CALIFORNIA-LEXINGTON PARK, MD 25 $8,025,000 $321,000 $5,843 2.91%
EAU CLAIRE, WI 49 $7,885,000 $160,918 $3,022 3.15%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 22 $7,880,000 $358,182 $6,519 3.24%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 34 $7,810,000 $229,706 $6,112 3.12%
WINCHESTER, VA-WV 24 $6,810,000 $283,750 $4,547 3.08%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 8 $6,640,000 $830,000 $10,599 3.50%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 26 $6,480,000 $249,231 $3,984 3.17%
BURLINGTON, NC 30 $6,110,000 $203,667 $4,174 3.24%
NILES, MI 18 $6,070,000 $337,222 $3,600 3.09%
SAN LUIS OBISPO-PASO ROBLES, CA 9 $6,065,000 $673,889 $5,256 3.19%
JANESVILLE-BELOIT, WI 28 $5,980,000 $213,571 $3,523 3.07%
RACINE, WI 27 $5,945,000 $220,185 $3,218 3.03%
YORK-HANOVER, PA 25 $5,815,000 $232,600 $6,750 3.11%
TUSCALOOSA, AL 27 $5,745,000 $212,778 $3,111 3.16%
TAMPA-ST. PETERSBURG-CLEARWATER, FL 23 $5,255,000 $228,478 $3,996 3.09%
DULUTH, MN-WI 24 $4,750,000 $197,917 $3,636 3.30%
GREELEY, CO 14 $4,750,000 $339,286 $4,343 3.15%
WILMINGTON, NC 17 $4,735,000 $278,529 $3,273 3.16%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 19 $4,355,000 $229,211 $4,356 3.12%
SAN RAFAEL, CA 6 $4,330,000 $721,667 $4,249 3.13%
DAPHNE-FAIRHOPE-FOLEY, AL 13 $4,225,000 $325,000 $3,954 2.99%
AUSTIN-ROUND ROCK-GEORGETOWN, TX 10 $4,080,000 $408,000 $5,944 3.19%
STOCKTON, CA 10 $3,920,000 $392,000 $3,679 3.28%
CHAMBERSBURG-WAYNESBORO, PA 17 $3,835,000 $225,588 $5,495 3.13%
SUMTER, SC 19 $3,575,000 $188,158 $3,543 3.43%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 11 $3,535,000 $321,364 $4,622 3.43%
READING, PA 15 $3,405,000 $227,000 $5,492 3.26%
PALM BAY-MELBOURNE-TITUSVILLE, FL 15 $3,355,000 $223,667 $4,423 3.28%
ASHEVILLE, NC 9 $3,295,000 $366,111 $4,720 3.10%
SAVANNAH, GA 13 $3,265,000 $251,154 $4,784 3.13%
ROCKY MOUNT, NC 16 $3,210,000 $200,625 $4,649 3.17%
HUNTSVILLE, AL 12 $2,990,000 $249,167 $4,719 3.21%
MERCED, CA 10 $2,950,000 $295,000 $4,841 3.45%
HICKORY-LENOIR-MORGANTON, NC 12 $2,920,000 $243,333 $3,557 3.38%
LA CROSSE-ONALASKA, WI-MN 14 $2,880,000 $205,714 $3,433 3.15%
APPLETON, WI 12 $2,740,000 $228,333 $3,136 3.24%
MODESTO, CA 9 $2,725,000 $302,778 $4,531 3.08%
OCALA, FL 16 $2,630,000 $164,375 $4,781 3.20%
MICHIGAN CITY-LA PORTE, IN 9 $2,615,000 $290,556 $3,121 3.08%
ALBANY-LEBANON, OR 10 $2,560,000 $256,000 $5,770 2.91%
OLYMPIA-LACEY-TUMWATER, WA 7 $2,555,000 $365,000 $5,860 2.96%
FORT COLLINS, CO 7 $2,495,000 $356,429 $3,243 3.29%
DETROIT-DEARBORN-LIVONIA, MI 15 $2,485,000 $165,667 $4,055 3.42%
LANCASTER, PA 9 $2,335,000 $259,444 $5,983 3.24%
AUBURN-OPELIKA, AL 10 $2,270,000 $227,000 $3,783 3.16%
ST. LOUIS, MO-IL 9 $2,245,000 $249,444 $3,607 3.14%
COLORADO SPRINGS, CO 7 $2,245,000 $320,714 $3,428 3.20%
DALTON, GA 12 $2,220,000 $185,000 $5,314 3.46%
PRESCOTT VALLEY-PRESCOTT, AZ 6 $2,200,000 $366,667 $3,484 3.10%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 5 $2,165,000 $433,000 $3,615 3.13%
PANAMA CITY, FL 3 $2,165,000 $721,667 $5,873 3.13%
OSHKOSH-NEENAH, WI 15 $2,135,000 $142,333 $2,437 2.78%
GAINESVILLE, FL 8 $2,080,000 $260,000 $4,446 3.25%
SAN ANTONIO-NEW BRAUNFELS, TX 6 $2,000,000 $333,333 $4,862 3.40%
GETTYSBURG, PA 9 $1,945,000 $216,111 $6,825 3.19%
BAKERSFIELD, CA 8 $1,930,000 $241,250 $4,429 3.27%
LAWRENCE, KS 9 $1,915,000 $212,778 $3,121 3.40%
LAKELAND-WINTER HAVEN, FL 10 $1,840,000 $184,000 $4,312 3.31%
SALT LAKE CITY, UT 3 $1,775,000 $591,667 $5,000 3.38%
SANTA ROSA-PETALUMA, CA 3 $1,755,000 $585,000 $6,805 3.17%
MADERA, CA 6 $1,690,000 $281,667 $5,773 3.06%
CLEVELAND, TN 7 $1,685,000 $240,714 $5,211 3.25%
DOVER, DE 7 $1,665,000 $237,857 $6,554 3.32%
ATHENS-CLARKE COUNTY, GA 8 $1,640,000 $205,000 $3,824 3.05%
AUGUSTA-RICHMOND COUNTY, GA-SC 6 $1,590,000 $265,000 $4,681 3.06%
GREENVILLE-ANDERSON, SC 7 $1,475,000 $210,714 $3,562 3.21%
COLUMBIA, SC 5 $1,375,000 $275,000 $4,395 3.05%
GARY, IN 5 $1,345,000 $269,000 $2,408 3.05%
JOPLIN, MO 9 $1,345,000 $149,444 $2,710 3.18%
SEBASTIAN-VERO BEACH, FL 6 $1,330,000 $221,667 $4,279 3.04%
BRUNSWICK, GA 3 $1,325,000 $441,667 $3,986 3.13%
MONTGOMERY, AL 5 $1,285,000 $257,000 $3,026 2.95%
FARGO, ND-MN 3 $1,285,000 $428,333 $3,756 3.00%
TOPEKA, KS 6 $1,280,000 $213,333 $2,562 3.10%
VINELAND-BRIDGETON, NJ 6 $1,250,000 $208,333 $6,754 2.81%
JACKSONVILLE, NC 5 $1,205,000 $241,000 $6,592 2.78%
DAYTON-KETTERING, OH 6 $1,200,000 $200,000 $3,715 2.94%
PUNTA GORDA, FL 5 $1,195,000 $239,000 $3,555 2.83%
GRAND RAPIDS-KENTWOOD, MI 5 $1,155,000 $231,000 $3,163 3.38%
ST. JOSEPH, MO-KS 6 $1,120,000 $186,667 $2,675 3.02%
GREENVILLE, NC 5 $1,115,000 $223,000 $3,356 2.75%
HARRISONBURG, VA 5 $1,105,000 $221,000 $5,422 2.98%
FLINT, MI 6 $1,100,000 $183,333 $3,989 2.94%
TYLER, TX 6 $1,090,000 $181,667 $4,180 2.48%
MOBILE, AL 5 $1,075,000 $215,000 $2,425 2.98%
WICHITA, KS 3 $1,065,000 $355,000 $4,343 3.17%
LONGVIEW, WA 4 $1,040,000 $260,000 $3,322 3.47%
COLUMBUS, OH 3 $1,035,000 $345,000 $6,801 2.92%
INDIANAPOLIS-CARMEL-ANDERSON, IN 4 $1,020,000 $255,000 $2,197 3.47%
STATE COLLEGE, PA 3 $945,000 $315,000 $4,430 3.04%
BREMERTON-SILVERDALE-PORT ORCHARD, WA 3 $945,000 $315,000 $3,164 3.17%
FLAGSTAFF, AZ 3 $935,000 $311,667 $4,953 3.04%
KNOXVILLE, TN 3 $915,000 $305,000 $4,298 2.96%
MEMPHIS, TN-MS-AR 3 $905,000 $301,667 $5,751 2.96%
TULSA, OK 5 $875,000 $175,000 $3,746 2.98%
BOSTON, MA 2 $860,000 $430,000 $3,551 3.13%
NEW ORLEANS-METAIRIE, LA 2 $860,000 $430,000 $3,698 3.25%
KINGSPORT-BRISTOL, TN-VA 4 $850,000 $212,500 $4,428 3.00%
TOLEDO, OH 3 $835,000 $278,333 $6,800 2.75%
MANKATO, MN 4 $790,000 $197,500 $3,541 3.03%
CLEVELAND-ELYRIA, OH 3 $775,000 $258,333 $3,513 3.13%
ANN ARBOR, MI 3 $755,000 $251,667 $3,488 2.92%
CUMBERLAND, MD-WV 7 $745,000 $106,429 $2,887 4.48%
EUGENE-SPRINGFIELD, OR 2 $740,000 $370,000 $5,258 3.88%
SPRINGFIELD, MA 3 $735,000 $245,000 $4,901 2.79%
COLUMBIA, MO 3 $725,000 $241,667 $1,869 3.04%
HILTON HEAD ISLAND-BLUFFTON, SC 2 $720,000 $360,000 $3,105 2.88%
SPOKANE-SPOKANE VALLEY, WA 2 $700,000 $350,000 $2,987 2.94%
PENSACOLA-FERRY PASS-BRENT, FL 3 $695,000 $231,667 $4,545 3.63%
YUMA, AZ 4 $690,000 $172,500 $4,674 3.06%
THE VILLAGES, FL 3 $685,000 $228,333 $3,249 3.04%
OGDEN-CLEARFIELD, UT 2 $680,000 $340,000 $3,412 3.06%
SHEBOYGAN, WI 2 $680,000 $340,000 $2,274 3.13%
GREEN BAY, WI 4 $660,000 $165,000 $2,246 3.31%
ROME, GA 4 $660,000 $165,000 $4,013 3.34%
LANSING-EAST LANSING, MI 2 $650,000 $325,000 $3,127 3.00%
VISALIA, CA 2 $650,000 $325,000 $6,873 2.88%
LAKE HAVASU CITY-KINGMAN, AZ 3 $635,000 $211,667 $3,353 3.08%
ODESSA, TX 2 $610,000 $305,000 $9,690 3.81%
ANNISTON-OXFORD, AL 4 $590,000 $147,500 $4,486 3.41%
SOUTH BEND-MISHAWAKA, IN-MI 2 $590,000 $295,000 $5,105 3.13%
COLUMBUS, GA-AL 3 $575,000 $191,667 $6,224 2.88%
CLARKSVILLE, TN-KY 3 $575,000 $191,667 $5,164 3.54%
GADSDEN, AL 4 $570,000 $142,500 $2,808 3.75%
HOMOSASSA SPRINGS, FL 1 $555,000 $555,000 $6,656 3.25%
GOLDSBORO, NC 3 $555,000 $185,000 $6,329 3.29%
CORVALLIS, OR 2 $550,000 $275,000 $3,674 3.13%
ROCKFORD, IL 5 $545,000 $109,000 $3,401 2.80%
SPRINGFIELD, IL 2 $530,000 $265,000 $5,611 3.00%
BARNSTABLE TOWN, MA 2 $520,000 $260,000 $3,000 2.94%
PROVO-OREM, UT 1 $515,000 $515,000 $10,969 2.63%
MOUNT VERNON-ANACORTES, WA 1 $485,000 $485,000 $3,789 3.63%
FOND DU LAC, WI 2 $460,000 $230,000 $2,173 2.81%
PUEBLO, CO 1 $455,000 $455,000 $3,206 3.38%
LUBBOCK, TX 2 $450,000 $225,000 $4,930 3.00%
MEDFORD, OR 2 $450,000 $225,000 $5,712 2.94%
AKRON, OH 1 $435,000 $435,000 $3,829 3.38%
NAPA, CA 1 $435,000 $435,000 $4,254 3.25%
HINESVILLE, GA 2 $420,000 $210,000 $5,895 2.88%
NEW BERN, NC 2 $410,000 $205,000 $3,812 3.00%
BELLINGHAM, WA 1 $405,000 $405,000 $3,357 3.50%
TALLAHASSEE, FL 4 $380,000 $95,000 $2,762 3.13%
WARNER ROBINS, GA 4 $370,000 $92,500 $3,817 3.41%
FLORENCE-MUSCLE SHOALS, AL 2 $370,000 $185,000 $3,807 2.94%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 2 $370,000 $185,000 $3,459 2.50%
SEBRING-AVON PARK, FL 1 $365,000 $365,000 $3,739 2.75%
CHARLESTON, WV 1 $365,000 $365,000 $3,503 2.75%
AMARILLO, TX 3 $365,000 $121,667 $3,522 3.75%
CORPUS CHRISTI, TX 2 $340,000 $170,000 $4,739 3.56%
SIOUX FALLS, SD 1 $335,000 $335,000 $3,068 2.88%
COLLEGE STATION-BRYAN, TX 2 $330,000 $165,000 $4,071 3.31%
KANKAKEE, IL 2 $320,000 $160,000 $3,925 2.75%
GRANTS PASS, OR 1 $315,000 $315,000 $3,037 2.75%
LAREDO, TX 1 $305,000 $305,000 $7,414 2.75%
LONGVIEW, TX 2 $290,000 $145,000 $4,641 3.38%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 1 $285,000 $285,000 $3,974 3.00%
KENNEWICK-RICHLAND, WA 1 $285,000 $285,000 $3,298 3.38%
SAGINAW, MI 2 $280,000 $140,000 $3,145 2.75%
CHICO, CA 1 $275,000 $275,000 $4,686 3.13%
YUBA CITY, CA 1 $275,000 $275,000 $3,495 3.38%
JEFFERSON CITY, MO 1 $265,000 $265,000 $8,214 3.13%
GRAND ISLAND, NE 1 $255,000 $255,000 $2,440 2.38%
BOWLING GREEN, KY 2 $250,000 $125,000 $4,427 4.81%
ELKHART-GOSHEN, IN 1 $245,000 $245,000 $2,137 3.88%
BEND, OR 1 $235,000 $235,000 $2,954 3.38%
HARRISBURG-CARLISLE, PA 1 $235,000 $235,000 $3,507 2.25%
MACON-BIBB COUNTY, GA 1 $235,000 $235,000 $3,467 3.25%
KALAMAZOO-PORTAGE, MI 1 $235,000 $235,000 $2,732 2.88%
DECATUR, AL 1 $225,000 $225,000 $5,300 3.00%
EL PASO, TX 1 $225,000 $225,000 $7,305 3.25%
CHAMPAIGN-URBANA, IL 2 $220,000 $110,000 $3,544 3.13%
BANGOR, ME 1 $215,000 $215,000 $4,947 2.75%
MIDLAND, TX 1 $215,000 $215,000 $4,366 3.38%
KILLEEN-TEMPLE, TX 1 $205,000 $205,000 $3,533 3.50%
MIDLAND, MI 1 $205,000 $205,000 $2,435 2.88%
MORGANTOWN, WV 1 $205,000 $205,000 $3,297 2.88%
WICHITA FALLS, TX 1 $195,000 $195,000 $3,874 3.00%
MORRISTOWN, TN 1 $195,000 $195,000 $3,112 2.75%
MUSKEGON, MI 1 $195,000 $195,000 $3,089 2.75%
VALDOSTA, GA 1 $195,000 $195,000 $4,998 2.75%
JONESBORO, AR 1 $185,000 $185,000 $2,559 2.75%
COLUMBUS, IN 1 $175,000 $175,000 $2,598 3.25%
LAFAYETTE, LA 1 $165,000 $165,000 $2,724 3.13%
OKLAHOMA CITY, OK 1 $165,000 $165,000 $3,345 3.50%
LEBANON, PA 1 $155,000 $155,000 $4,253 2.88%
WACO, TX 1 $155,000 $155,000 $3,322 2.75%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 1 $145,000 $145,000 $3,014 2.75%
BLOOMINGTON, IN 1 $135,000 $135,000 $2,408 3.13%
EAST STROUDSBURG, PA 1 $115,000 $115,000 $3,327 2.95%
JOHNSON CITY, TN 1 $105,000 $105,000 $3,171 4.13%
SCRANTON--WILKES-BARRE, PA 1 $105,000 $105,000 $3,950 3.13%
JOHNSTOWN, PA 1 $45,000 $45,000 $3,834 4.75%

Prosperity Home Mortgage 's top markets include Washington, Minneapolis, Atlanta, Frederick, and Baltimore among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 21,200 $6,746,060,000 $318,210
2.5-3% 19,388 $6,285,090,000 $324,174
<2.5% 1,785 $511,405,000 $286,501
4-5% 1,140 $268,300,000 $235,351
5-6% 169 $26,885,000 $159,083
7-8% 1 $245,000 $245,000

During 2020, Prosperity Home Mortgage 's average interest rate was 3.17%, while their most frequently originated rate bucket was 3-4%, with 21,200 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 21,493 $6,153,985,000 $286,325 $4,580 3.13%
$100k-200k 9,745 $1,538,845,000 $157,911 $3,681 3.21%
$400k-600k 7,689 $3,668,745,000 $477,142 $5,585 3.09%
$600k-1MM 2,502 $1,797,520,000 $718,433 $7,241 3.16%
$100,000 or less 1,820 $97,090,000 $53,346 $2,033 3.04%
$1MM+ 434 $581,800,000 $1,340,553 $10,051 3.23%

2020 saw Prosperity Home Mortgage place emphasis on $200k-400k loans with 21,493 originations, totaling $6,153,985,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 10,340 $3,520,670,000 $340,490 $4,835 3.14%
$50k-75k 9,070 $1,969,020,000 $217,092 $4,251 3.13%
$150k-250k 7,722 $3,318,290,000 $429,719 $5,123 3.14%
$75k-100k 7,692 $2,105,380,000 $273,710 $4,671 3.15%
$50k or less 4,924 $744,730,000 $151,245 $3,738 3.11%
$250k+ 3,153 $1,900,015,000 $602,605 $5,746 3.19%

Prosperity Home Mortgage lent most frequently to those with incomes in the $100k-150k range, with 10,340 originations. The second most popular income band? $50k-75k, with 9,070 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 10,462 $3,413,110,000 $326,239 $4,331 3.12%
30-36% 8,692 $2,786,850,000 $320,622 $4,576 3.14%
<20% 3,435 $1,088,035,000 $316,750 $3,956 3.07%
44% 1,842 $545,040,000 $295,896 $4,920 3.18%
42% 1,712 $563,050,000 $328,884 $4,855 3.20%
43% 1,656 $482,310,000 $291,250 $4,714 3.18%
41% 1,634 $513,050,000 $313,984 $4,770 3.18%
40% 1,618 $517,140,000 $319,617 $4,826 3.17%
39% 1,603 $491,505,000 $306,616 $4,573 3.20%
38% 1,570 $495,130,000 $315,369 $4,702 3.14%
37% 1,566 $492,820,000 $314,700 $4,658 3.16%
36% 1,447 $481,845,000 $332,996 $4,808 3.12%
49% 1,186 $358,310,000 $302,116 $5,242 3.16%
45% 1,045 $314,725,000 $301,172 $5,003 3.11%
48% 1,006 $300,330,000 $298,539 $5,287 3.17%
47% 992 $294,750,000 $297,127 $5,288 3.13%
46% 982 $290,350,000 $295,672 $5,010 3.13%
50-60% 762 $234,280,000 $307,454 $8,302 3.13%
>60% 25 $9,595,000 $383,800 $6,619 3.13%

Prosperity Home Mortgage lent most frequently to those with DTI ratios of 20-30%, with 10,462 originations. The next most common DTI ratio? 30-36%, with 8,692 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 35,162 $11,012,300,000 $313,188 $4,568 3.14%
Not provided 4,064 $1,416,970,000 $348,664 $4,893 3.12%
Black 2,493 $686,035,000 $275,185 $5,359 3.17%
Asian 1,730 $653,780,000 $377,908 $4,889 3.10%
American Indian 187 $56,815,000 $303,824 $4,702 3.05%
Native Hawaiian 47 $12,085,000 $257,128 $4,799 3.13%

Approval Rates

Total approvals of all applications
96.74%

Prosperity Home Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
74.92%

Prosperity Home Mortgage has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 43,683 $13,837,985,000 $316,782

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 166 $22,650,000 $136,446
Single Family (1-4 Units):Site-Built 43,517 $13,815,335,000 $317,470

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 1,128 $253,050,000 $224,335 $3,449 3.03%
40-60% 3,863 $1,179,275,000 $305,274 $3,679 3.05%
60-80% 13,233 $4,582,685,000 $346,307 $4,117 3.18%
80-100% 23,628 $7,388,750,000 $312,712 $4,907 3.16%
Over 100% 1,087 $412,995,000 $379,940 $13,333 2.92%
Under 20% 744 $21,230,000 $28,535 $542 2.44%