Prospera Credit Union Mortgage Rates, Fees & Info

Appleton, WI

LEI: 549300C25OR47JWZ1L21

Tax ID: 39-0744917

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
  • 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

    Prospera Credit Union is a smaller credit union specializing in Home Purchase loans. Prospera Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Appleton, Oshkosh, Green Bay, Manitowoc, and Shawano among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Prospera Credit Union has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. 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 6.10% 11/17/24
    30 Year Conventional Refi 5.86% 11/17/24
    30 Year Cash-out Refi 5.98% 11/17/24
    15 Year Conventional Purchase 4.80% 11/17/24
    15 Year Conventional Refi 4.81% 11/17/24
    15 Year Cash-out Refi 4.81% 11/17/24
    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.

    Prospera Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Prospera 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

    118

    Origination Dollar Volume (All Markets)

    $20,390,000

    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
    APPLETON, WI (FHA|USDA|VA) 52 $10,530,000 $202,500 $0 4.01%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 45 $5,895,000 $131,000 $0 4.17%
    Outside of Metro Areas 6 $1,480,000 $246,667 $0 4.04%
    GREEN BAY, WI (FHA|USDA|VA) 9 $1,255,000 $139,444 $0 4.33%
    Manitowoc, WI (FHA|USDA|VA) 2 $690,000 $345,000 $0 2.74%
    Shawano, WI (FHA|USDA|VA) 3 $385,000 $128,333 $0 3.62%
    Stevens Point, WI (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.99%
    Prospera Credit Union's top markets include Appleton, Oshkosh, Green Bay, Manitowoc, and Shawano among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)

    • Similar Lenders

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

    UNISON CREDIT UNION
    Similarity Rank: 14
    CAPITAL Credit Union
    Similarity Rank: 128
    VERVE, A CREDIT UNION
    Similarity Rank: 294
    Horicon Bank
    Similarity Rank: 306
    National Exchange Bank and Trust
    Similarity Rank: 378
    University of Wisconsin Credit Union
    Similarity Rank: 513
    FOX COMMUNITIES
    Similarity Rank: 621
    Community First Credit Union
    Similarity Rank: 729
    Bank First, N.A.
    Similarity Rank: 924
    Bank Five Nine
    Similarity Rank: 1517

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 118 $20,390,000 $172,797 $0 4.07%

    For 2018, Prospera Credit Union's most frequently originated type of loan was Conventional, with 118 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 63 $10,975,000 $174,206 $0 3.88%
    Cash Out Refi 25 $3,295,000 $131,800 $0 4.31%
    Other 14 $1,900,000 $135,714 $0 4.35%
    Refi 12 $1,200,000 $100,000 $0 4.18%
    Home Improvement 3 $2,995,000 $998,333 $0 3.66%
    NA 1 $25,000 $25,000 $0 5.75%

    For 2018, Prospera Credit Union's most frequently cited loan purpose was Home Purchase, with 63 originations. The 2nd most popular reason was Cash Out Refi, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 65 $11,475,000 $176,538 $0 3.76%
    5 Year 20 $5,140,000 $257,000 $0 4.93%
    10 Year 9 $785,000 $87,222 $0 3.70%
    20 Year 8 $800,000 $100,000 $0 3.93%
    15 Year 7 $805,000 $115,000 $0 4.39%
    Other 5 $455,000 $91,000 $0 4.39%
    1 Year 2 $590,000 $295,000 $0 4.99%
    3 Year 2 $340,000 $170,000 $0 4.83%

    For 2018, Prospera Credit Union's most frequently cited loan duration was 30 Year, with 65 originations. The 2nd most popular length was 5 Year, with 20 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 54 $8,470,000 $156,852
    4-5% 35 $8,165,000 $233,286
    5-6% 14 $1,090,000 $77,857
    2.5-3% 13 $2,565,000 $197,308
    6-7% 1 $65,000 $65,000
    7-8% 1 $35,000 $35,000

    During 2018, Prospera Credit Union's average interest rate for loans was 3.76%, while their most frequently originated rate bucket for loans was 3-4%, with 54 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 48 $6,730,000 $140,208 $0 3.88%
    $100,000 or less 42 $2,730,000 $65,000 $0 4.53%
    $200k-400k 24 $6,150,000 $256,250 $0 3.70%
    $600k-1MM 2 $1,520,000 $760,000 $0 3.87%
    $1MM+ 1 $2,855,000 $2,855,000 $0 4.25%
    $400k-600k 1 $405,000 $405,000 $0 2.74%

    2018 saw Prospera Credit Union place emphasis on $100k-200k loans with 48 originations, totaling $6,730,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 26 $4,690,000 $180,385 $0 3.97%
    $75k-100k 25 $3,955,000 $158,200 $0 3.75%
    $50k-75k 24 $2,670,000 $111,250 $0 4.06%
    $50k or less 14 $1,060,000 $75,714 $0 3.86%
    $150k-250k 8 $2,560,000 $320,000 $0 3.62%

    Prospera Credit Union lent most frequently to those with incomes in the $100k-150k range, with 26 originations. The second most popular income band? $75k-100k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 30 $3,820,000 $127,333 $0 4.13%
    30-36% 24 $4,970,000 $207,083 $0 3.59%
    <20% 14 $1,640,000 $117,143 $0 3.62%
    37% 6 $1,180,000 $196,667 $0 3.49%
    38% 5 $905,000 $181,000 $0 3.99%
    40% 4 $600,000 $150,000 $0 3.99%
    39% 2 $290,000 $145,000 $0 5.06%
    36% 2 $110,000 $55,000 $0 3.87%
    41% 1 $265,000 $265,000 $0 3.49%
    42% 1 $195,000 $195,000 $0 3.24%
    43% 1 $235,000 $235,000 $0 3.49%
    44% 1 $245,000 $245,000 $0 3.88%
    >60% 1 $95,000 $95,000 $0 4.13%

    Prospera Credit Union lent most frequently to those with DTI ratios of 20-30%, with 30 originations. The next most common DTI ratio? 30-36%, with 24 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 89 $12,505,000 $140,506 $0 3.94%
    Not applicable 19 $5,175,000 $272,368 $0 5.04%
    Not provided 10 $2,710,000 $271,000 $0 3.35%

    Approval Rates

    Total approvals of all applications
    76.67%

    Prospera Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    90.68%

    Prospera Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 118 $20,390,000 $172,797

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $3,935,000 $787,000
    Single Family (1-4 Units):Site-Built 113 $16,455,000 $145,619

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $625,000 $89,286 $0 4.43%
    40-60% 22 $5,250,000 $238,636 $0 4.28%
    60-80% 44 $7,330,000 $166,591 $0 4.10%
    80-100% 36 $6,100,000 $169,444 $0 3.67%
    Over 100% 2 $460,000 $230,000 $0 4.38%
    Under 20% 4 $320,000 $80,000 $0 5.18%

    Complaints

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