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 mid-sized 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, San Antonio, and College Station among others. We have data for 90 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 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.
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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
6,898Origination Dollar Volume (All Markets)
$3,430,620,000Awards
Prosperity Bank - 2022
Prosperity Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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) | 1,900 | $982,210,000 | $516,953 | $6,216 | 4.93% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1,330 | $726,470,000 | $546,218 | $7,546 | 4.53% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 474 | $596,360,000 | $1,258,143 | $11,984 | 4.10% |
| Outside of Metro Areas | 488 | $186,350,000 | $381,865 | $6,980 | 4.25% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 212 | $131,860,000 | $621,981 | $8,506 | 4.32% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 195 | $77,465,000 | $397,256 | $7,575 | 4.41% |
| TULSA, OK (FHA|USDA|VA) | 198 | $73,260,000 | $370,000 | $4,688 | 4.75% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 203 | $70,265,000 | $346,133 | $6,473 | 4.62% |
| LUBBOCK, TX (FHA|USDA|VA) | 304 | $66,590,000 | $219,046 | $4,326 | 4.88% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 243 | $56,665,000 | $233,189 | $4,167 | 4.87% |
| VICTORIA, TX (FHA|USDA|VA) | 220 | $54,780,000 | $249,000 | $5,436 | 4.64% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $45,005,000 | $45,005,000 | $0 | 3.06% |
| TYLER, TX (FHA|USDA|VA) | 92 | $33,210,000 | $360,978 | $5,602 | 4.66% |
| Rockport, TX (FHA|USDA|VA) | 44 | $19,690,000 | $447,500 | $8,337 | 4.22% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 22 | $18,980,000 | $862,727 | $6,629 | 4.83% |
| Plainview, TX (FHA|USDA|VA) | 126 | $17,350,000 | $137,698 | $3,631 | 4.74% |
| MIDLAND, TX (FHA|USDA|VA) | 54 | $16,220,000 | $300,370 | $5,392 | 4.71% |
| Huntsville, TX (FHA|USDA|VA) | 42 | $15,300,000 | $364,286 | $8,696 | 4.33% |
| Corsicana, TX (FHA|USDA|VA) | 39 | $15,105,000 | $387,308 | $6,990 | 3.97% |
| Athens, TX (FHA|USDA|VA) | 48 | $14,460,000 | $301,250 | $5,323 | 3.99% |
| Fredericksburg, TX (FHA|USDA|VA) | 15 | $13,025,000 | $868,333 | $11,602 | 3.63% |
| Bay City, TX (FHA|USDA|VA) | 40 | $11,920,000 | $298,000 | $6,014 | 4.26% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 24 | $9,980,000 | $415,833 | $8,864 | 4.62% |
| Port Lavaca, TX (FHA|USDA|VA) | 46 | $9,450,000 | $205,435 | $4,288 | 4.78% |
| Palestine, TX (FHA|USDA|VA) | 40 | $9,180,000 | $229,500 | $5,186 | 4.72% |
| Gainesville, TX (FHA|USDA|VA) | 24 | $8,430,000 | $351,250 | $7,236 | 4.45% |
| SAN ANGELO, TX (FHA|USDA|VA) | 36 | $8,180,000 | $227,222 | $3,993 | 4.89% |
| Jacksonville, TX (FHA|USDA|VA) | 29 | $7,915,000 | $272,931 | $6,301 | 4.21% |
| Granbury, TX (FHA|USDA|VA) | 18 | $7,330,000 | $407,222 | $6,938 | 5.01% |
| Brenham, TX (FHA|USDA|VA) | 8 | $6,620,000 | $827,500 | $8,488 | 4.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 4 | $6,520,000 | $1,630,000 | $11,445 | 3.13% |
| El Campo, TX (FHA|USDA|VA) | 35 | $6,505,000 | $185,857 | $4,451 | 4.33% |
| ABILENE, TX (FHA|USDA|VA) | 33 | $5,975,000 | $181,061 | $3,876 | 5.11% |
| LONGVIEW, TX (FHA|USDA|VA) | 32 | $5,920,000 | $185,000 | $3,672 | 4.65% |
| Mineral Wells, TX (FHA|USDA|VA) | 10 | $5,590,000 | $559,000 | $9,168 | 5.19% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 17 | $5,245,000 | $308,529 | $8,265 | 4.55% |
| Bonham, TX (FHA|USDA|VA) | 8 | $4,770,000 | $596,250 | $6,794 | 4.28% |
| Heber, UT (FHA|USDA|VA) | 1 | $4,455,000 | $4,455,000 | $0 | 4.75% |
| Big Spring, TX (FHA|USDA|VA) | 22 | $4,430,000 | $201,364 | $4,834 | 4.88% |
| ODESSA, TX (FHA|USDA|VA) | 23 | $4,135,000 | $179,783 | $4,169 | 5.20% |
| AMARILLO, TX (FHA|USDA|VA) | 12 | $4,120,000 | $343,333 | $6,314 | 4.94% |
| Kerrville, TX (FHA|USDA|VA) | 7 | $3,955,000 | $565,000 | $9,556 | 4.34% |
| Beeville, TX (FHA|USDA|VA) | 23 | $3,925,000 | $170,652 | $3,851 | 4.65% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $3,530,000 | $1,765,000 | $6,446 | 4.13% |
| Edwards, CO (FHA|USDA|VA) | 1 | $3,505,000 | $3,505,000 | $7,587 | 5.50% |
| EL PASO, TX (FHA|USDA|VA) | 4 | $3,090,000 | $772,500 | $6,228 | 4.51% |
| Brownwood, TX (FHA|USDA|VA) | 18 | $3,000,000 | $166,667 | $4,355 | 5.20% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $2,890,000 | $1,445,000 | $7,766 | 2.81% |
| Levelland, TX (FHA|USDA|VA) | 14 | $2,730,000 | $195,000 | $4,392 | 4.54% |
| Alice, TX (FHA|USDA|VA) | 8 | $2,640,000 | $330,000 | $7,316 | 4.83% |
| Kingsville, TX (FHA|USDA|VA) | 16 | $2,560,000 | $160,000 | $3,840 | 4.98% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $2,415,000 | $805,000 | $8,592 | 4.13% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 2 | $2,260,000 | $1,130,000 | $25,377 | 4.13% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 1 | $2,175,000 | $2,175,000 | $7,476 | 4.25% |
| Lufkin, TX (FHA|USDA|VA) | 5 | $2,115,000 | $423,000 | $7,647 | 4.78% |
| Nacogdoches, TX (FHA|USDA|VA) | 4 | $1,970,000 | $492,500 | $4,513 | 4.22% |
| Stillwater, OK (FHA|USDA|VA) | 2 | $1,590,000 | $795,000 | $5,802 | 4.75% |
| WACO, TX (FHA|USDA|VA) | 3 | $1,515,000 | $505,000 | $8,793 | 3.54% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $1,435,000 | $1,435,000 | $8,005 | 3.25% |
| Bartlesville, OK (FHA|USDA|VA) | 3 | $1,365,000 | $455,000 | $8,799 | 4.25% |
| Stephenville, TX (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $7,559 | 4.78% |
| Key West, FL (FHA|USDA|VA) | 1 | $1,195,000 | $1,195,000 | $3,723 | 5.38% |
| Muskogee, OK (FHA|USDA|VA) | 17 | $1,195,000 | $70,294 | $3,068 | 5.82% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $1,155,000 | $1,155,000 | $0 | 4.75% |
| Uvalde, TX (FHA|USDA|VA) | 3 | $1,045,000 | $348,333 | $8,522 | 5.17% |
| Snyder, TX (FHA|USDA|VA) | 10 | $980,000 | $98,000 | $2,913 | 4.50% |
| Andrews, TX (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $7,792 | 3.25% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $6,308 | 5.63% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $2,928 | 4.63% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,443 | 4.50% |
| Pearsall, TX (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $13,217 | 4.25% |
| Elk City, OK (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $6,228 | 4.00% |
| Shawnee, OK (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $8,713 | 5.50% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $6,255 | 4.63% |
| Taos, NM (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,943 | 2.25% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,079 | 2.25% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 4.63% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $9,512 | 5.50% |
| McAlester, OK (FHA|USDA|VA) | 6 | $300,000 | $50,000 | $2,863 | 5.13% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,238 | 5.63% |
| Hobbs, NM (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,162 | 3.75% |
| Pampa, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,272 | 5.50% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $2,661 | 3.56% |
| Sweetwater, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,864 | 3.25% |
| Ruidoso, NM (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.50% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,041 | 5.13% |
| Lamesa, TX (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 4.62% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 3.50% |
| Vernon, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.75% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,014 | 5.63% |
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 2022, Prosperity Bank's most frequently originated type of loan was Conventional, with 6,632 originations. Their 2nd most popular type was HELOC, with 217 originations.
Loan Reason
For 2022, Prosperity Bank's most frequently cited loan purpose was Home Purchase, with 5,269 originations. The 2nd most popular reason was Refi, with 1,062 originations.
Loan Duration/Length
For 2022, Prosperity Bank's most frequently cited loan duration was 30 Year, with 3,794 originations. The 2nd most popular length was 15 Year, with 1,278 originations.
Origination Fees/Closing Costs
Prosperity Bank's average total fees were $5,123, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,543 originations.
Interest Rates
During 2022, Prosperity Bank's average interest rate for loans was 4.93%, while their most frequently originated rate bucket for loans was 5-6%, with 1,739 originations.
Loan Sizing
2022 saw Prosperity Bank place emphasis on $200k-400k loans with 2,390 originations, totaling $656,920,000 in origination value.
Applicant Income
Prosperity Bank lent most frequently to those with incomes in the $250k+ range, with 1,413 originations. The second most popular income band? $50k-75k, with 1,332 originations.
Applicant Debt to Income Ratio
Prosperity Bank lent most frequently to those with DTI ratios of 20-30%, with 1,084 originations. The next most common DTI ratio? 30-36%, with 1,078 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.55%
Prosperity Bank has a below average approval rate.
Pick Rate
Approvals leading to origination69.19%
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 | 6,898 | $3,430,620,000 | $497,335 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6,898 | $3,430,620,000 | $497,335 |