Prosperity Home Mortgage Rates, Fees & Info

Richmond, VA

LEI: 5493005PKOSG7MYX0B34

Tax ID: 20-5216358

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
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    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Prosperity Home Mortgage is a mid-sized mortgage company specializing in Home Purchase loans. Prosperity Home Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Washington, Atlanta, Baltimore, Philadelphia, and Richmond among others. We have data for 127 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Prosperity Home Mortgage has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Prosperity Home Mortgage is typically an average 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.57% 4/14/24
    30 Year Conventional Refi 6.46% 4/14/24
    30 Year Cash-out Refi 6.76% 4/14/24
    30 Year FHA Purchase 7.63% 4/14/24
    30 Year FHA Refi 7.48% 4/14/24
    30 Year VA Purchase 6.14% 4/14/24
    30 Year VA Refi 6.10% 4/14/24
    30 Year USDA Purchase 6.83% 4/14/24
    15 Year Conventional Purchase 6.03% 4/14/24
    15 Year Conventional Refi 6.06% 4/14/24
    15 Year Cash-out Refi 6.06% 4/14/24
    15 Year FHA Purchase 7.51% 4/14/24
    15 Year VA Purchase 6.45% 4/14/24
    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.

    Prosperity Home Mortgage Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Prosperity Home Mortgage. 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

    12,345

    Origination Dollar Volume (All Markets)

    $3,576,305,000
    Show all (16) 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
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2,904 $1,205,490,000 $415,114 $6,116 4.63%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1,356 $383,290,000 $282,662 $4,531 4.70%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1,010 $298,670,000 $295,713 $5,754 4.76%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1,133 $281,625,000 $248,566 $5,417 4.77%
    RICHMOND, VA (FHA|USDA|VA) 1,039 $263,625,000 $253,730 $4,823 4.71%
    RALEIGH-CARY, NC (FHA|USDA|VA) 912 $245,740,000 $269,452 $3,797 4.61%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 462 $115,180,000 $249,307 $5,604 4.59%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 297 $72,165,000 $242,980 $3,831 4.61%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 197 $63,325,000 $321,447 $6,951 4.76%
    SALISBURY, MD-DE (FHA|USDA|VA) 277 $59,575,000 $215,072 $4,924 4.74%
    PITTSBURGH, PA (FHA|USDA|VA) 333 $57,035,000 $171,276 $5,102 4.61%
    Outside of Metro Areas 242 $51,960,000 $214,711 $4,656 4.77%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 181 $37,235,000 $205,718 $4,757 4.72%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 115 $36,415,000 $316,652 $5,167 4.75%
    JACKSONVILLE, FL (FHA|USDA|VA) 148 $35,350,000 $238,851 $4,042 4.71%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 129 $31,745,000 $246,085 $4,076 4.65%
    OCEAN CITY, NJ (FHA|USDA|VA) 84 $29,500,000 $351,190 $4,975 4.62%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 144 $28,140,000 $195,417 $3,738 4.70%
    WINSTON-SALEM, NC (FHA|USDA|VA) 134 $27,140,000 $202,537 $3,762 4.65%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 108 $22,810,000 $211,204 $3,709 4.75%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 113 $21,725,000 $192,257 $4,033 4.70%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 70 $21,410,000 $305,857 $4,942 4.72%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 130 $21,300,000 $163,846 $3,701 4.73%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 84 $19,100,000 $227,381 $5,121 4.55%
    ROANOKE, VA (FHA|USDA|VA) 94 $15,870,000 $168,830 $4,337 4.71%
    LYNCHBURG, VA (FHA|USDA|VA) 64 $11,520,000 $180,000 $4,088 4.52%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 61 $11,135,000 $182,541 $5,613 4.73%
    GAINESVILLE, GA (FHA|USDA|VA) 39 $10,235,000 $262,436 $4,952 4.67%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 58 $10,160,000 $175,172 $3,999 4.88%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 35 $8,845,000 $252,714 $6,043 4.81%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 25 $6,135,000 $245,400 $6,709 4.61%
    STAUNTON, VA (FHA|USDA|VA) 27 $5,775,000 $213,889 $4,954 5.14%
    FAYETTEVILLE, NC (FHA|USDA|VA) 22 $4,310,000 $195,909 $4,802 4.65%
    READING, PA (FHA|USDA|VA) 15 $3,245,000 $216,333 $5,328 4.77%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 15 $3,135,000 $209,000 $6,264 4.95%
    YORK-HANOVER, PA (FHA|USDA|VA) 17 $2,665,000 $156,765 $4,969 5.01%
    BURLINGTON, NC (FHA|USDA|VA) 14 $2,480,000 $177,143 $3,395 4.70%
    Jefferson, GA (FHA|USDA|VA) 10 $2,400,000 $240,000 $4,429 4.53%
    WINCHESTER, VA-WV (FHA|USDA|VA) 10 $2,360,000 $236,000 $4,363 4.85%
    DOVER, DE (FHA|USDA|VA) 13 $2,175,000 $167,308 $5,837 4.93%
    WILMINGTON, NC (FHA|USDA|VA) 9 $2,105,000 $233,889 $2,816 4.58%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 6 $2,040,000 $340,000 $4,130 4.98%
    BRUNSWICK, GA (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $7,744 3.88%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 7 $1,715,000 $245,000 $6,254 4.63%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 6 $1,420,000 $236,667 $3,567 4.98%
    Easton, MD (FHA|USDA|VA) 5 $1,345,000 $269,000 $7,893 4.63%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 6 $1,330,000 $221,667 $6,900 4.73%
    LANCASTER, PA (FHA|USDA|VA) 4 $1,230,000 $307,500 $7,454 4.88%
    FLINT, MI (FHA|USDA|VA) 9 $1,135,000 $126,111 $3,472 4.67%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 4 $1,100,000 $275,000 $4,363 4.78%
    SUMTER, SC (FHA|USDA|VA) 8 $1,090,000 $136,250 $5,313 4.81%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 4 $1,050,000 $262,500 $3,940 4.53%
    Orangeburg, SC (FHA|USDA|VA) 6 $1,050,000 $175,000 $4,299 4.73%
    Roanoke Rapids, NC (FHA|USDA|VA) 4 $1,050,000 $262,500 $3,029 4.38%
    ROCKY MOUNT, NC (FHA|USDA|VA) 5 $1,025,000 $205,000 $5,689 4.75%
    Henderson, NC (FHA|USDA|VA) 5 $965,000 $193,000 $5,648 4.60%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 6 $910,000 $151,667 $4,593 4.85%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $825,000 $275,000 $5,909 4.46%
    Elizabeth City, NC (FHA|USDA|VA) 4 $810,000 $202,500 $5,709 4.06%
    CLEVELAND, TN (FHA|USDA|VA) 5 $795,000 $159,000 $5,867 4.98%
    Cornelia, GA (FHA|USDA|VA) 4 $740,000 $185,000 $3,076 5.03%
    Sanford, NC (FHA|USDA|VA) 5 $715,000 $143,000 $3,269 4.68%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 3 $705,000 $235,000 $6,168 4.79%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $700,000 $350,000 $4,595 4.56%
    Morehead City, NC (FHA|USDA|VA) 4 $690,000 $172,500 $2,812 4.53%
    JACKSONVILLE, NC (FHA|USDA|VA) 3 $685,000 $228,333 $3,957 4.83%
    Cambridge, MD (FHA|USDA|VA) 4 $630,000 $157,500 $4,327 4.53%
    ASHEVILLE, NC (FHA|USDA|VA) 3 $615,000 $205,000 $3,619 4.42%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $575,000 $575,000 $8,101 4.63%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 3 $565,000 $188,333 $2,817 4.58%
    Laurinburg, NC (FHA|USDA|VA) 4 $560,000 $140,000 $4,916 4.78%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $550,000 $275,000 $8,830 4.69%
    Boone, NC (FHA|USDA|VA) 2 $520,000 $260,000 $3,069 4.94%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 3 $475,000 $158,333 $6,222 4.71%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $470,000 $235,000 $5,240 4.75%
    ROME, GA (FHA|USDA|VA) 3 $425,000 $141,667 $3,376 4.63%
    GREENVILLE, NC (FHA|USDA|VA) 2 $420,000 $210,000 $4,965 4.13%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $415,000 $415,000 $7,803 4.75%
    DALTON, GA (FHA|USDA|VA) 2 $380,000 $190,000 $3,192 6.19%
    COLUMBIA, SC (FHA|USDA|VA) 2 $360,000 $180,000 $2,659 4.94%
    GETTYSBURG, PA (FHA|USDA|VA) 2 $340,000 $170,000 $3,895 5.44%
    ANN ARBOR, MI (FHA|USDA|VA) 2 $340,000 $170,000 $2,852 4.56%
    Statesboro, GA (FHA|USDA|VA) 2 $330,000 $165,000 $4,038 4.06%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 2 $320,000 $160,000 $4,861 5.13%
    Kill Devil Hills, NC (FHA|USDA|VA) 1 $275,000 $275,000 $2,669 4.75%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 2 $260,000 $130,000 $3,422 5.00%
    NEW BERN, NC (FHA|USDA|VA) 2 $260,000 $130,000 $2,628 4.69%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $245,000 $245,000 $3,336 4.75%
    Danville, VA (FHA|USDA|VA) 2 $240,000 $120,000 $3,818 4.88%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $240,000 $120,000 $3,320 4.88%
    WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $235,000 $235,000 $6,963 4.63%
    New Castle, PA (FHA|USDA|VA) 2 $230,000 $115,000 $4,715 4.63%
    Calhoun, GA (FHA|USDA|VA) 2 $230,000 $115,000 $4,857 5.56%
    Cookeville, TN (FHA|USDA|VA) 1 $225,000 $225,000 $3,333 4.50%
    Toccoa, GA (FHA|USDA|VA) 3 $225,000 $75,000 $3,382 5.17%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $225,000 $225,000 $4,011 5.63%
    SAVANNAH, GA (FHA|USDA|VA) 1 $215,000 $215,000 $8,910 4.63%
    Washington, NC (FHA|USDA|VA) 1 $205,000 $205,000 $4,497 4.38%
    Bluefield, WV-VA (FHA|USDA|VA) 2 $200,000 $100,000 $3,471 4.63%
    Pottsville, PA (FHA|USDA|VA) 1 $195,000 $195,000 $3,648 4.00%
    Rockingham, NC (FHA|USDA|VA) 2 $190,000 $95,000 $4,238 4.69%
    Cullowhee, NC (FHA|USDA|VA) 1 $175,000 $175,000 $3,387 4.75%
    Forest City, NC (FHA|USDA|VA) 1 $175,000 $175,000 $3,185 4.63%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 2 $170,000 $85,000 $3,022 5.06%
    GOLDSBORO, NC (FHA|USDA|VA) 1 $155,000 $155,000 $4,923 4.00%
    LaGrange, GA-AL (FHA|USDA|VA) 1 $145,000 $145,000 $6,650 4.63%
    Dayton, TN (FHA|USDA|VA) 1 $145,000 $145,000 $3,764 4.63%
    Mount Airy, NC (FHA|USDA|VA) 1 $145,000 $145,000 $3,566 4.50%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $135,000 $135,000 $2,729 4.50%
    Milledgeville, GA (FHA|USDA|VA) 1 $125,000 $125,000 $2,889 4.75%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $125,000 $125,000 $3,691 5.13%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $115,000 $115,000 $3,809 5.13%
    Palatka, FL (FHA|USDA|VA) 1 $115,000 $115,000 $4,260 4.50%
    Vidalia, GA (FHA|USDA|VA) 1 $115,000 $115,000 $5,711 5.00%
    Thomaston, GA (FHA|USDA|VA) 1 $115,000 $115,000 $1,740 4.50%
    CHARLESTON, WV (FHA|USDA|VA) 1 $115,000 $115,000 $3,045 5.13%
    Wilson, NC (FHA|USDA|VA) 1 $105,000 $105,000 $2,704 5.50%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $95,000 $95,000 $2,679 4.75%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $95,000 $95,000 $4,337 4.50%
    Albemarle, NC (FHA|USDA|VA) 1 $85,000 $85,000 $2,888 4.75%
    Shelby, NC (FHA|USDA|VA) 1 $85,000 $85,000 $3,111 3.75%
    Kinston, NC (FHA|USDA|VA) 1 $85,000 $85,000 $4,057 5.50%
    ERIE, PA (FHA|USDA|VA) 1 $65,000 $65,000 $3,268 5.13%
    Dublin, GA (FHA|USDA|VA) 1 $55,000 $55,000 $2,706 5.13%
    DuBois, PA (FHA|USDA|VA) 1 $55,000 $55,000 $2,821 4.13%
    Cedartown, GA (FHA|USDA|VA) 1 $55,000 $55,000 $3,868 5.50%
    WILLIAMSPORT, PA (FHA|USDA|VA) 1 $45,000 $45,000 $2,898 5.13%
    Prosperity Home Mortgage's top markets include Washington, Atlanta, Baltimore, Philadelphia, and Richmond among others.

    Their top states include:
  • Virginia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Prosperity Home Mortgage based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Charter Oak Federal Credit Union
    Similarity Rank: 18
    Prevail Bank
    Similarity Rank: 27
    The Torrington Savings Bank
    Similarity Rank: 32
    POINT BREEZE
    Similarity Rank: 36
    ABNB Federal Credit Union
    Similarity Rank: 40
    Union Savings Bank
    Similarity Rank: 44
    Northwest Community Bank
    Similarity Rank: 65
    Middlesex Savings Bank
    Similarity Rank: 65
    Cloverbelt Credit Union
    Similarity Rank: 85
    Thomaston Savings Bank
    Similarity Rank: 92

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 9,216 $2,737,160,000 $297,001 $4,284 4.71%
    FHA 1,710 $372,220,000 $217,673 $7,478 4.71%
    VA 1,246 $434,810,000 $348,965 $8,080 4.43%
    USDA 173 $32,115,000 $185,636 $5,538 4.62%

    For 2018, Prosperity Home Mortgage's most frequently originated type of loan was Conventional, with 9,216 originations. Their 2nd most popular type was FHA, with 1,710 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 11,832 $3,434,670,000 $290,287 $5,163 4.68%
    Refi 513 $141,635,000 $276,092 $4,307 4.73%

    For 2018, Prosperity Home Mortgage's most frequently cited loan purpose was Home Purchase, with 11,832 originations. The 2nd most popular reason was Refi, with 513 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 11,809 $3,452,705,000 $292,379 $5,185 4.71%
    15 Year 403 $92,995,000 $230,757 $3,947 4.11%
    20 Year 113 $26,535,000 $234,823 $3,658 4.48%
    10 Year 16 $3,270,000 $204,375 $3,188 3.95%
    Other 4 $800,000 $200,000 $3,480 4.63%

    For 2018, Prosperity Home Mortgage's most frequently cited loan duration was 30 Year, with 11,809 originations. The 2nd most popular length was 15 Year, with 403 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 7,772 $2,191,770,000 $282,008
    $<1k 2,789 $749,875,000 $268,869
    $2k-3k 868 $269,400,000 $310,369
    $3k-4k 376 $128,440,000 $341,596
    $5k+ 324 $156,890,000 $484,228
    $4k-5k 196 $73,150,000 $373,214

    Prosperity Home Mortgage's average total fees were $5,185, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 7,772 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 9,509 $2,808,745,000 $295,378
    5-6% 1,999 $482,935,000 $241,588
    3-4% 793 $274,275,000 $345,870
    6-7% 34 $6,890,000 $202,647
    Over 8% 6 $2,130,000 $355,000
    7-8% 4 $1,330,000 $332,500

    During 2018, Prosperity Home Mortgage's average interest rate for loans was 4.71%, while their most frequently originated rate bucket for loans was 4-5%, with 9,509 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 5,772 $1,637,470,000 $283,692 $5,211 4.67%
    $100k-200k 3,585 $558,325,000 $155,739 $4,139 4.75%
    $400k-600k 1,765 $835,325,000 $473,272 $6,385 4.62%
    $600k-1MM 584 $415,370,000 $711,250 $7,836 4.51%
    $100,000 or less 572 $44,510,000 $77,815 $3,358 4.87%
    $1MM+ 67 $85,305,000 $1,273,209 $9,265 4.31%

    2018 saw Prosperity Home Mortgage place emphasis on $200k-400k loans with 5,772 originations, totaling $1,637,470,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 2,939 $947,435,000 $322,366 $5,481 4.67%
    $50k-75k 2,825 $586,985,000 $207,782 $4,793 4.71%
    $75k-100k 2,226 $579,390,000 $260,283 $5,194 4.71%
    $150k-250k 1,972 $799,320,000 $405,335 $5,470 4.64%
    $50k or less 1,635 $240,555,000 $147,128 $4,172 4.75%
    $250k+ 738 $419,720,000 $568,726 $6,029 4.56%

    Prosperity Home Mortgage lent most frequently to those with incomes in the $100k-150k range, with 2,939 originations. The second most popular income band? $50k-75k, with 2,825 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 2,401 $707,985,000 $294,871 $4,686 4.61%
    30-36% 2,235 $668,035,000 $298,897 $4,981 4.68%
    <20% 681 $190,565,000 $279,831 $4,210 4.54%
    44% 538 $142,170,000 $264,257 $5,177 4.82%
    42% 524 $163,920,000 $312,824 $5,168 4.74%
    50-60% 513 $152,625,000 $297,515 $8,466 4.57%
    49% 504 $137,110,000 $272,044 $5,024 4.76%
    43% 504 $135,660,000 $269,167 $4,937 4.78%
    39% 497 $142,655,000 $287,032 $5,202 4.73%
    41% 491 $148,015,000 $301,456 $5,205 4.77%
    40% 470 $139,640,000 $297,106 $5,160 4.71%
    38% 468 $139,770,000 $298,654 $5,136 4.71%
    36% 449 $130,945,000 $291,637 $5,083 4.70%
    37% 432 $124,730,000 $288,727 $5,062 4.70%
    48% 423 $115,765,000 $273,676 $5,212 4.75%
    46% 407 $114,015,000 $280,135 $5,372 4.74%
    47% 399 $107,085,000 $268,383 $5,318 4.72%
    45% 382 $107,080,000 $280,314 $5,407 4.70%
    >60% 25 $7,995,000 $319,800 $6,199 4.53%

    Prosperity Home Mortgage lent most frequently to those with DTI ratios of 20-30%, with 2,401 originations. The next most common DTI ratio? 30-36%, with 2,235 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 9,309 $2,689,385,000 $288,902 $5,033 4.68%
    Not provided 1,519 $457,535,000 $301,208 $5,386 4.70%
    Black 929 $240,745,000 $259,144 $5,626 4.81%
    Asian 517 $167,205,000 $323,414 $5,133 4.58%
    American Indian 39 $10,345,000 $265,256 $5,633 4.65%
    Native Hawaiian or Islander 15 $4,665,000 $311,000 $5,092 4.76%
    Asian Indian 10 $4,200,000 $420,000 $4,792 4.48%
    Korean 2 $750,000 $375,000 $3,555 4.56%
    Filipino 2 $730,000 $365,000 $10,828 4.56%
    Other Asian 1 $275,000 $275,000 $6,499 5.38%
    Vietnamese 1 $245,000 $245,000 $3,004 4.63%
    Japanese 1 $225,000 $225,000 $3,008 4.75%

    Approval Rates

    Total approvals of all applications
    96.67%

    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
    75.43%

    Prosperity Home Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 12,345 $3,576,305,000 $289,697

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 20 $2,370,000 $118,500
    Single Family (1-4 Units):Site-Built 12,325 $3,573,935,000 $289,974

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 241 $39,255,000 $162,884 $3,491 4.49%
    40-60% 628 $151,020,000 $240,478 $3,851 4.48%
    60-80% 2,886 $930,370,000 $322,374 $4,316 4.66%
    80-100% 8,142 $2,313,650,000 $284,162 $5,234 4.72%
    Over 100% 419 $139,015,000 $331,778 $11,691 4.52%
    Under 20% 28 $2,870,000 $102,500 $2,753 4.32%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Prospect Mortgage, LLC FHA mortgage Struggling to pay mortgage 1 100.0%