Prosperity Home Mortgage Rates, Fees & Info
Richmond, VALEI: 5493005PKOSG7MYX0B34
Tax ID: 20-5216358
2020 Data | 2019 Data | 2018 Data
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Mortgage 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
43,683Origination Dollar Volume (All Markets)
$13,837,985,000Relative 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 applications96.74%
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 origination74.92%
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% |