Prosperity Bank Mortgage Rates, Fees & Info
El Campo, TXLEI: 549300D003QRZFSQ4N43
Tax ID: 74-2139516
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/17/24 |
| 30 Year Conventional Purchase | 6.71% | 11/17/24 |
| 30 Year Conventional Refi | 6.54% | 11/17/24 |
| 30 Year Cash-out Refi | 6.70% | 11/17/24 |
| 30 Year FHA Purchase | 7.45% | 11/17/24 |
| 30 Year FHA Refi | 6.27% | 11/17/24 |
| 30 Year VA Purchase | 6.30% | 11/17/24 |
| 30 Year VA Refi | 6.07% | 11/17/24 |
| 15 Year Conventional Purchase | 5.67% | 11/17/24 |
| 15 Year Conventional Refi | 5.65% | 11/17/24 |
| 15 Year Cash-out Refi | 5.65% | 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. | ||
Prosperity Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
4,923Origination Dollar Volume (All Markets)
$2,188,395,000Awards
Prosperity Bank - 2023
Prosperity Bank is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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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% |
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.
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Product Mix
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
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
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
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
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
2023 saw Prosperity Bank place emphasis on $200k-400k loans with 1,944 originations, totaling $531,770,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications81.44%
Prosperity Bank has a below average approval rate.
Pick Rate
Approvals leading to origination61.59%
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 |