Prosperity Bank Mortgage Rates, Fees & Info

El Campo, TX

LEI: 549300D003QRZFSQ4N43

Tax ID: 74-2139516

5 stars - Updated: 4/14/24 - out of 5 stars, based on 70 reviews

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

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Mortgage Data

Review & Overview

Prosperity Bank is a small bank specializing in Home Purchase loans. Prosperity Bank 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.) Their top markets by origination volume include: Dallas, Houston, Austin, Phoenix, and San Antonio among others. We have data for 77 markets. (Some data included below & more in-depth data is available with an active subscription.)

Prosperity Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Prosperity Bank 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 relatively high 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
Home Equity Line of Credit (HELOC) 6.27% 4/14/24
30 Year Conventional Purchase 6.71% 4/14/24
30 Year Conventional Refi 6.54% 4/14/24
30 Year Cash-out Refi 6.70% 4/14/24
30 Year FHA Purchase 7.45% 4/14/24
30 Year FHA Refi 6.27% 4/14/24
30 Year VA Purchase 6.30% 4/14/24
30 Year VA Refi 6.07% 4/14/24
15 Year Conventional Purchase 5.67% 4/14/24
15 Year Conventional Refi 5.65% 4/14/24
15 Year Cash-out Refi 5.65% 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 Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from Prosperity Bank. 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

4,923

Origination Dollar Volume (All Markets)

$2,188,395,000
Show all (36) awards

Relative Rate

Prosperity Bank's average 30 year fixed mortgage rate was 6.5%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.02%.

Relative Fees (Closing Costs)

Prosperity Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $5,508.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1,282 $537,510,000 $419,275 $6,056 6.79%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1,120 $532,150,000 $475,134 $7,298 6.56%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 307 $323,585,000 $1,054,023 $10,944 6.37%
Outside of Metro Areas 318 $114,280,000 $359,371 $7,247 6.60%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $66,175,000 $66,175,000 $0 7.63%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 114 $60,950,000 $534,649 $8,776 6.40%
OKLAHOMA CITY, OK (FHA|USDA|VA) 173 $50,285,000 $290,665 $4,993 6.92%
SHERMAN-DENISON, TX (FHA|USDA|VA) 19 $46,165,000 $2,429,737 $9,053 6.65%
LUBBOCK, TX (FHA|USDA|VA) 221 $45,915,000 $207,760 $4,353 6.99%
VICTORIA, TX (FHA|USDA|VA) 184 $40,980,000 $222,717 $5,350 6.65%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 9 $37,255,000 $4,139,444 $5,602 6.40%
CORPUS CHRISTI, TX (FHA|USDA|VA) 129 $36,185,000 $280,504 $4,972 7.11%
TULSA, OK (FHA|USDA|VA) 104 $31,510,000 $302,981 $4,875 6.95%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 111 $30,455,000 $274,369 $5,998 6.89%
MIDLAND, TX (FHA|USDA|VA) 72 $24,110,000 $334,861 $6,120 6.81%
AMARILLO, TX (FHA|USDA|VA) 89 $18,465,000 $207,472 $6,198 7.77%
TYLER, TX (FHA|USDA|VA) 51 $15,455,000 $303,039 $5,532 6.40%
Athens, TX (FHA|USDA|VA) 35 $14,445,000 $412,714 $8,813 6.93%
Plainview, TX (FHA|USDA|VA) 77 $10,905,000 $141,623 $4,026 6.78%
Corsicana, TX (FHA|USDA|VA) 24 $10,600,000 $441,667 $9,144 6.36%
Huntsville, TX (FHA|USDA|VA) 26 $9,960,000 $383,077 $8,634 6.25%
Port Lavaca, TX (FHA|USDA|VA) 23 $9,605,000 $417,609 $6,084 6.48%
Rockport, TX (FHA|USDA|VA) 22 $9,150,000 $415,909 $8,273 6.68%
Fredericksburg, TX (FHA|USDA|VA) 7 $8,705,000 $1,243,571 $17,520 6.17%
ABILENE, TX (FHA|USDA|VA) 43 $8,025,000 $186,628 $5,062 6.93%
Brenham, TX (FHA|USDA|VA) 11 $5,965,000 $542,273 $9,810 5.83%
Gainesville, TX (FHA|USDA|VA) 15 $5,425,000 $361,667 $5,491 6.39%
Bay City, TX (FHA|USDA|VA) 27 $5,355,000 $198,333 $5,508 6.22%
ODESSA, TX (FHA|USDA|VA) 22 $5,330,000 $242,273 $5,046 6.79%
LONGVIEW, TX (FHA|USDA|VA) 16 $5,080,000 $317,500 $3,863 6.95%
WACO, TX (FHA|USDA|VA) 6 $5,070,000 $845,000 $5,916 6.27%
WICHITA FALLS, TX (FHA|USDA|VA) 36 $4,960,000 $137,778 $4,288 7.89%
Mineral Wells, TX (FHA|USDA|VA) 10 $4,600,000 $460,000 $9,320 6.21%
El Campo, TX (FHA|USDA|VA) 19 $4,395,000 $231,316 $5,304 6.17%
Granbury, TX (FHA|USDA|VA) 11 $4,095,000 $372,273 $8,158 6.22%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 4 $3,830,000 $957,500 $7,479 6.78%
Jacksonville, TX (FHA|USDA|VA) 22 $3,610,000 $164,091 $4,010 6.58%
SAN ANGELO, TX (FHA|USDA|VA) 14 $3,370,000 $240,714 $5,634 6.96%
Kingsville, TX (FHA|USDA|VA) 14 $3,110,000 $222,143 $6,409 6.79%
Beeville, TX (FHA|USDA|VA) 18 $2,810,000 $156,111 $4,646 6.82%
Palestine, TX (FHA|USDA|VA) 14 $2,630,000 $187,857 $5,161 6.45%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 12 $2,600,000 $216,667 $6,908 6.78%
Big Spring, TX (FHA|USDA|VA) 23 $2,425,000 $105,435 $4,484 7.79%
Brownwood, TX (FHA|USDA|VA) 6 $2,060,000 $343,333 $6,805 7.44%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $1,905,000 $1,905,000 $12,671 5.25%
Levelland, TX (FHA|USDA|VA) 9 $1,875,000 $208,333 $5,252 6.52%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $1,825,000 $1,825,000 $11,589 6.13%
Snyder, TX (FHA|USDA|VA) 6 $1,480,000 $246,667 $7,117 6.88%
Alice, TX (FHA|USDA|VA) 6 $1,190,000 $198,333 $3,408 6.19%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $985,000 $985,000 $0 8.25%
Kerrville, TX (FHA|USDA|VA) 2 $860,000 $430,000 $4,866 6.63%
Nacogdoches, TX (FHA|USDA|VA) 2 $790,000 $395,000 $9,620 5.88%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 3 $695,000 $231,667 $4,138 7.58%
Andrews, TX (FHA|USDA|VA) 2 $660,000 $330,000 $5,190 5.63%
Mount Pleasant, TX (FHA|USDA|VA) 2 $560,000 $280,000 $6,125 8.25%
Shawnee, OK (FHA|USDA|VA) 1 $505,000 $505,000 $6,739 4.63%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $455,000 $455,000 $11,687 7.63%
HOT SPRINGS, AR (FHA|USDA|VA) 1 $425,000 $425,000 $3,306 5.25%
Stillwater, OK (FHA|USDA|VA) 2 $410,000 $205,000 $3,403 5.56%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $405,000 $405,000 $10,595 6.13%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 2 $400,000 $200,000 $4,057 5.69%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $380,000 $190,000 $7,638 6.81%
LAREDO, TX (FHA|USDA|VA) 1 $365,000 $365,000 $3,081 5.25%
Lamesa, TX (FHA|USDA|VA) 2 $360,000 $180,000 $4,470 6.75%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $355,000 $355,000 $0 9.50%
Ruidoso, NM (FHA|USDA|VA) 2 $340,000 $170,000 $2,555 7.01%
Breckenridge, CO (FHA|USDA|VA) 1 $285,000 $285,000 $2,896 6.13%
McAlester, OK (FHA|USDA|VA) 1 $235,000 $235,000 $8,253 6.75%
Hereford, TX (FHA|USDA|VA) 1 $235,000 $235,000 $0 8.25%
Muskogee, OK (FHA|USDA|VA) 1 $205,000 $205,000 $0 7.99%
Shelby, NC (FHA|USDA|VA) 1 $195,000 $195,000 $3,752 6.75%
Stephenville, TX (FHA|USDA|VA) 1 $145,000 $145,000 $6,178 6.13%
Altus, OK (FHA|USDA|VA) 1 $115,000 $115,000 $3,286 6.88%
Sweetwater, TX (FHA|USDA|VA) 1 $65,000 $65,000 $3,348 5.50%
Ponca City, OK (FHA|USDA|VA) 1 $55,000 $55,000 $0 8.00%
EL PASO, TX (FHA|USDA|VA) 1 $45,000 $45,000 $0 8.13%
LAWTON, OK (FHA|USDA|VA) 1 $45,000 $45,000 $0 9.50%
Prosperity Bank's top markets include Dallas, Houston, Austin, Phoenix, and San Antonio among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Similar Lenders

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

    GULF COAST
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,598 $2,100,820,000 $456,899 $6,598 6.67%
    HELOC 159 $45,845,000 $288,333 n/a 8.59%
    FHA 138 $33,260,000 $241,014 $9,082 6.21%
    VA 28 $8,470,000 $302,500 $8,616 6.38%

    For 2023, Prosperity Bank's most frequently originated type of loan was Conventional, with 4,598 originations. Their 2nd most popular type was HELOC, with 159 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 4,066 $1,968,940,000 $484,245 $7,107 6.70%
    Refi 368 $126,470,000 $343,668 $5,119 6.61%
    Home Improvement 309 $52,395,000 $169,563 $3,541 7.18%
    Other 165 $37,835,000 $229,303 $3,693 6.56%
    Cash Out Refi 15 $2,755,000 $183,667 $5,355 6.90%

    For 2023, Prosperity Bank's most frequently cited loan purpose was Home Purchase, with 4,066 originations. The 2nd most popular reason was Refi, with 368 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,065 $1,117,535,000 $364,612 $5,508 6.50%
    15 Year 674 $126,600,000 $187,834 $3,518 7.11%
    30+ year 507 $484,675,000 $955,966 $16,479 5.99%
    Other 250 $288,260,000 $1,153,040 $8,076 7.68%
    20 Year 231 $65,025,000 $281,494 $5,540 8.15%
    10 Year 96 $50,450,000 $525,521 $2,694 6.88%
    1 Year 73 $25,595,000 $350,616 $7,229 8.74%
    5 Year 21 $27,515,000 $1,310,238 $1,646 7.63%
    3 Year 6 $2,740,000 $456,667 $0 8.54%

    For 2023, Prosperity Bank's most frequently cited loan duration was 30 Year, with 3,065 originations. The 2nd most popular length was 15 Year, with 674 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,798 $308,000,000 $171,301
    $1k-2k 1,607 $812,975,000 $505,896
    $5k+ 520 $521,540,000 $1,002,962
    $2k-3k 73 $39,385,000 $539,521
    $3k-4k 53 $23,355,000 $440,660
    $4k-5k 45 $17,975,000 $399,444

    Prosperity Bank's average total fees were $5,508, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,798 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 2,086 $693,270,000 $332,344
    5-6% 1,297 $741,445,000 $571,662
    Over 8% 746 $290,750,000 $389,745
    7-8% 654 $332,240,000 $508,012
    4-5% 138 $129,450,000 $938,043
    3-4% 2 $1,240,000 $620,000

    During 2023, Prosperity Bank's average interest rate for loans was 6.50%, while their most frequently originated rate bucket for loans was 6-7%, with 2,086 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,944 $531,770,000 $273,544 $5,388 6.76%
    $100k-200k 1,126 $173,230,000 $153,845 $3,801 7.02%
    $100,000 or less 567 $37,045,000 $65,335 $2,545 7.28%
    $400k-600k 492 $238,710,000 $485,183 $8,476 6.32%
    $600k-1MM 432 $324,060,000 $750,139 $10,160 6.10%
    $1MM+ 362 $883,580,000 $2,440,829 $18,872 5.97%

    2023 saw Prosperity Bank place emphasis on $200k-400k loans with 1,944 originations, totaling $531,770,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 1,025 $938,405,000 $915,517 $11,851 6.25%
    $50k-75k 950 $184,560,000 $194,274 $4,223 6.86%
    $150k-250k 719 $276,165,000 $384,096 $7,252 6.32%
    $100k-150k 717 $187,865,000 $262,015 $5,575 6.50%
    $75k-100k 692 $155,580,000 $224,827 $4,868 6.86%
    $50k or less 286 $35,130,000 $122,832 $3,448 6.82%

    Prosperity Bank lent most frequently to those with incomes in the $250k+ range, with 1,025 originations. The second most popular income band? $50k-75k, with 950 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 751 $289,665,000 $385,706 $6,301 6.43%
    20-30% 607 $264,685,000 $436,054 $6,702 6.32%
    44% 305 $97,955,000 $321,164 $5,513 6.70%
    42% 275 $99,325,000 $361,182 $6,239 6.53%
    43% 230 $75,020,000 $326,174 $5,647 6.61%
    39% 227 $85,665,000 $377,379 $6,315 6.47%
    41% 219 $85,685,000 $391,256 $5,949 6.63%
    40% 216 $87,390,000 $404,583 $6,858 6.55%
    <20% 214 $116,430,000 $544,065 $7,215 6.21%
    38% 191 $83,935,000 $439,450 $7,045 6.58%
    37% 181 $89,635,000 $495,221 $8,030 6.44%
    46% 158 $62,820,000 $397,595 $6,569 6.66%
    36% 157 $58,325,000 $371,497 $6,336 6.51%
    50-60% 133 $73,285,000 $551,015 $10,097 6.17%
    45% 88 $41,370,000 $470,114 $6,972 6.51%
    49% 82 $43,450,000 $529,878 $8,786 6.48%
    47% 68 $37,440,000 $550,588 $7,590 6.27%
    48% 59 $34,125,000 $578,390 $9,073 6.53%
    >60% 35 $20,675,000 $590,714 $7,736 6.45%

    Prosperity Bank lent most frequently to those with DTI ratios of 30-36%, with 751 originations. The next most common DTI ratio? 20-30%, with 607 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,401 $1,314,045,000 $386,370 $6,506 6.58%
    Not applicable 505 $404,505,000 $801,000 $0 8.06%
    Not provided 600 $272,680,000 $454,467 $7,231 6.55%
    Asian 140 $79,920,000 $570,857 $8,441 6.27%
    Black 135 $43,085,000 $319,148 $5,959 6.63%
    Asian Indian 46 $35,340,000 $768,261 $10,593 5.97%
    American Indian 55 $19,015,000 $345,727 $5,776 6.62%
    Other Asian 11 $8,165,000 $742,273 $14,100 6.88%
    Chinese 6 $4,290,000 $715,000 $9,824 6.60%
    16 $3,300,000 $206,250 $4,013 7.06%
    Vietnamese 3 $2,785,000 $928,333 $17,091 5.00%
    Native Hawaiian or Islander 3 $675,000 $225,000 $3,799 6.92%
    Filipino 2 $590,000 $295,000 $5,994 7.69%

    Approval Rates

    Total approvals of all applications
    81.44%

    Prosperity Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    61.59%

    Prosperity Bank 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
    NA 4,923 $2,188,395,000 $444,525

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    4,923 $2,188,395,000 $444,525

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 315 $64,755,000 $205,571 $4,331 6.78%
    40-60% 424 $370,620,000 $874,104 $6,911 6.55%
    60-80% 1,342 $868,840,000 $647,422 $9,893 6.61%
    80-100% 2,605 $856,615,000 $328,835 $5,849 6.75%
    Over 100% 5 $1,105,000 $221,000 $10,292 6.68%
    Under 20% 226 $24,980,000 $110,531 $2,192 7.20%