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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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 and Cash Out Refi loans. Prospera Credit Union has a high 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 12 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. Prospera Credit Union is typically a low 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.

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    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

    322

    Origination Dollar Volume (All Markets)

    $50,340,000
    Show all (6) 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
    APPLETON, WI (FHA|USDA|VA) 149 $24,735,000 $166,007 $924 3.43%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 120 $16,980,000 $141,500 $738 3.23%
    Outside of Metro Areas 19 $2,795,000 $147,105 $1,330 3.58%
    GREEN BAY, WI (FHA|USDA|VA) 15 $2,785,000 $185,667 $1,027 3.75%
    FOND DU LAC, WI (FHA|USDA|VA) 8 $1,240,000 $155,000 $1,569 4.19%
    Shawano, WI (FHA|USDA|VA) 3 $535,000 $178,333 $466 2.75%
    MADISON, WI (FHA|USDA|VA) 2 $350,000 $175,000 $1,169 3.75%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $235,000 $235,000 $1,712 2.88%
    Stevens Point, WI (FHA|USDA|VA) 1 $225,000 $225,000 $1,730 3.99%
    Manitowoc, WI (FHA|USDA|VA) 2 $220,000 $110,000 $0 3.80%
    Marinette, WI-MI (FHA|USDA|VA) 1 $125,000 $125,000 $1,812 3.99%
    SHEBOYGAN, WI (FHA|USDA|VA) 1 $115,000 $115,000 $1,362 3.50%
    Prospera Credit Union's top markets include Appleton, Oshkosh, Green Bay, Fond Du Lac, 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: 70
    PROSPERA Credit Union
    Similarity Rank: 84
    Fox Valley Savings Bank
    Similarity Rank: 130
    FOX COMMUNITIES
    Similarity Rank: 297
    Hometown Bank
    Similarity Rank: 425
    VERVE, A CREDIT UNION
    Similarity Rank: 551
    Wolf River Community Bank
    Similarity Rank: 558
    BLC Community Bank
    Similarity Rank: 560
    CAPITAL Credit Union
    Similarity Rank: 600
    Fortifi Bank
    Similarity Rank: 651

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 322 $50,340,000 $156,335 $900 3.40%

    For 2022, Prospera Credit Union's most frequently originated type of loan was Conventional, with 322 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 90 $18,660,000 $207,333 $1,536 3.85%
    Refi 76 $9,480,000 $124,737 $506 3.14%
    Cash Out Refi 69 $11,435,000 $165,725 $833 3.21%
    Other 62 $8,220,000 $132,581 $709 3.33%
    Home Improvement 25 $2,545,000 $101,800 $657 3.23%

    For 2022, Prospera Credit Union's most frequently cited loan purpose was Home Purchase, with 90 originations. The 2nd most popular reason was Refi, with 76 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 148 $29,500,000 $199,324 $1,458 3.55%
    15 Year 117 $14,085,000 $120,385 $313 3.09%
    10 Year 28 $2,240,000 $80,000 $374 2.95%
    5 Year 22 $3,300,000 $150,000 $0 4.37%
    20 Year 5 $605,000 $121,000 $998 3.35%
    1 Year 1 $325,000 $325,000 $1,887 5.74%
    Other 1 $285,000 $285,000 $0 4.95%

    For 2022, Prospera Credit Union's most frequently cited loan duration was 30 Year, with 148 originations. The 2nd most popular length was 15 Year, with 117 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 295 $46,115,000 $156,322
    $1k-2k 2 $450,000 $225,000

    Prospera Credit Union's average total fees were $1,458, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 295 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 153 $23,525,000 $153,758
    3-4% 99 $14,905,000 $150,556
    4-5% 34 $6,350,000 $186,765
    5-6% 17 $2,765,000 $162,647
    <2.5% 16 $2,440,000 $152,500
    6-7% 1 $105,000 $105,000
    7-8% 1 $95,000 $95,000

    During 2022, Prospera Credit Union's average interest rate for loans was 3.55%, while their most frequently originated rate bucket for loans was 2.5-3%, with 153 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 155 $22,105,000 $142,613 $914 3.34%
    $100,000 or less 88 $5,470,000 $62,159 $445 3.40%
    $200k-400k 71 $18,375,000 $258,803 $1,355 3.51%
    $400k-600k 5 $2,445,000 $489,000 $1,520 3.70%
    $600k-1MM 3 $1,945,000 $648,333 $1,390 2.75%

    2022 saw Prospera Credit Union place emphasis on $100k-200k loans with 155 originations, totaling $22,105,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 89 $12,495,000 $140,393 $997 3.52%
    $100k-150k 75 $12,125,000 $161,667 $813 3.35%
    $75k-100k 63 $10,085,000 $160,079 $876 3.28%
    $50k or less 51 $5,025,000 $98,529 $873 3.29%
    $150k-250k 26 $6,690,000 $257,308 $809 3.03%
    $250k+ 7 $2,155,000 $307,857 $1,253 3.63%

    Prospera Credit Union lent most frequently to those with incomes in the $50k-75k range, with 89 originations. The second most popular income band? $100k-150k, with 75 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 91 $12,465,000 $136,978 $856 3.35%
    30-36% 56 $8,290,000 $148,036 $799 3.21%
    <20% 38 $4,740,000 $124,737 $704 3.08%
    36% 16 $3,220,000 $201,250 $1,085 3.07%
    38% 15 $2,965,000 $197,667 $992 3.63%
    43% 13 $2,975,000 $228,846 $1,137 3.78%
    41% 10 $1,390,000 $139,000 $888 3.41%
    37% 10 $1,200,000 $120,000 $815 3.06%
    40% 10 $1,560,000 $156,000 $1,340 3.74%
    39% 9 $1,585,000 $176,111 $1,035 3.33%
    44% 9 $2,245,000 $249,444 $862 3.26%
    42% 7 $1,175,000 $167,857 $1,073 3.07%
    50-60% 3 $295,000 $98,333 $878 4.50%
    46% 3 $355,000 $118,333 $1,095 3.63%
    >60% 2 $340,000 $170,000 $789 2.94%
    49% 1 $105,000 $105,000 $1,537 2.75%
    47% 1 $235,000 $235,000 $1,937 4.75%

    Prospera Credit Union lent most frequently to those with DTI ratios of 20-30%, with 91 originations. The next most common DTI ratio? 30-36%, with 56 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 218 $35,220,000 $161,560 $1,071 3.44%
    Not provided 92 $13,300,000 $144,565 $502 3.17%
    Not applicable 10 $1,240,000 $124,000 $0 4.66%
    Asian 2 $580,000 $290,000 $1,242 2.88%

    Approval Rates

    Total approvals of all applications
    95.29%

    Prospera Credit Union 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
    87.27%

    Prospera Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 322 $50,340,000 $156,335

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    322 $50,340,000 $156,335

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 36 $2,660,000 $73,889 $563 3.21%
    40-60% 67 $9,255,000 $138,134 $653 3.15%
    60-80% 137 $22,905,000 $167,190 $873 3.38%
    80-100% 62 $13,390,000 $215,968 $1,547 3.81%
    Under 20% 15 $515,000 $34,333 $304 3.38%