Prospera Credit Union Mortgage Rates, Fees & Info
Appleton, WILEI: 549300C25OR47JWZ1L21
Tax ID: 39-0744917
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Prospera Credit Union is a smaller credit union specializing in Home Purchase, Other, and Refi loans. Prospera Credit Union has a high proportion of conventional loans. Prospera Credit Union has an average proportion of conventional loans. Their top markets by origination volume include: Appleton, Oshkosh, Green Bay, Fond Du Lac, and Shawano among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Prospera Credit Union 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.
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
242Origination Dollar Volume (All Markets)
$39,330,000Top 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 |
|---|---|---|---|---|---|
| APPLETON, WI (FHA|USDA|VA) | 106 | $16,880,000 | $159,245 | $0 | 0.00% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 100 | $12,080,000 | $120,800 | $0 | 0.00% |
| Outside of Metro Areas | 23 | $4,965,000 | $215,870 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 8 | $4,660,000 | $582,500 | $0 | 0.00% |
| FOND DU LAC, WI (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 0.00% |
| Shawano, WI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Marinette, WI-MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
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.
Similarity Rank: 112
Similarity Rank: 160
Similarity Rank: 192
Similarity Rank: 371
Similarity Rank: 462
Similarity Rank: 560
Similarity Rank: 1275
Similarity Rank: 1387
Similarity Rank: 1512
Similarity Rank: 2256
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 228 | $33,100,000 | $145,175 | $0 | 0.00% |
| Conventional | 14 | $6,230,000 | $445,000 | $0 | 0.00% |
For 2020, Prospera Credit Union's most frequently originated type of loan was Conventional, with 228 originations. Their 2nd most popular type was Conventional, with 14 originations.
Loan Reason
For 2020, Prospera Credit Union's most frequently cited loan purpose was Home Purchase, with 71 originations. The 2nd most popular reason was Other, with 69 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 242 | $39,330,000 | $162,521 | $0 | 0.00% |
For 2020, Prospera Credit Union's most frequently cited loan duration was Other, with 242 originations.
Loan Sizing
2020 saw Prospera Credit Union place emphasis on $100k-200k loans with 117 originations, totaling $16,465,000 in origination value.
Applicant Income
Prospera Credit Union lent most frequently to those with incomes in the $50k-75k range, with 61 originations. The second most popular income band? $100k-150k, with 58 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 242 | $39,330,000 | $162,521 | $0 | 0.00% |
Prospera Credit Union lent most frequently to those with DTI ratios of Exempt%, with 242 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.78%
Prospera Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination60.33%
Prospera Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 242 | $39,330,000 | $162,521 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 3 | $4,555,000 | $1,518,333 |
| Single Family (1-4 Units):Site-Built | 239 | $34,775,000 | $145,502 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PROSPER FIRST FUNDING CORPORATION | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |