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Prosperity Home Mortgage, LLC
Independent Mortgage Company|Glen Allen, VA|National
Loans Originated
18,786
Applications
25,518
Volume
$6 billion
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Strong
Safe Rate Awards⭐FHA Superstar⭐VA Superstar⭐USDA Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.287%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,384
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
73.6%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- High volume lender with significant market experience
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
- Nationwide availability with consistent service
Things to Think About
- Pricing may be below industry average
Report Card
Prosperity Home Mortgage, LLC performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
FHA | Exceptional | Market Leader | |
VA | Exceptional | Market Leader | |
Jumbo | Exceptional | Market Leader | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Strong | National · 50 metro areas · 48 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$369,145
Average Borrower Income
$152,187
Average Property Value
$475,645
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Exceptional | Acceptable | Strong | 13,322 | 70.9% | +0.335% | $2,667 |
FHA Loans | Strong | Exceptional | Strong | Strong | 3,298 | 17.6% | +0.406% | $1,436 |
VA Loans | Strong | Exceptional | Strong | Strong | 1,709 | 9.1% | -0.375% | $1,640 |
Jumbo Loans | Sound | Exceptional | Acceptable | Strong | 387 | 2.1% | +0.307% | $2,154 |
USDA Loans | Strong | Exceptional | Strong | Strong | 70 | 0.4% | +0.337% | $1,748 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Exceptional | Acceptable | Strong | 16,935 | 90.1% | +0.299% | $2,327 |
Refinance | Sound | Strong | Sound | Sound | 1,851 | 9.9% | +0.120% | $3,204 |
Geographic Coverage
Metro Areas
49
States Served
48
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
AKALARAZCACOCTDCDEFLGAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWV
Top Metro Areas by Place Specialization Score
1
Philadelphia, PA, PAMSA
Volume: 1,125Mix: 5.99%
Place Specialization
Exceptional
2
Montgomery County, PAMSA
Volume: 738Mix: 3.93%
Place Specialization
Exceptional
3
Frederick, MDMSA
Volume: 435Mix: 2.32%
Place Specialization
Exceptional
4
Allentown, PA-NJMSA
Volume: 299Mix: 1.59%
Place Specialization
Exceptional
5
Birmingham, AL, ALMSA
Volume: 345Mix: 1.84%
Place Specialization
Exceptional
6
Richmond, VA, VAMSA
Volume: 505Mix: 2.69%
Place Specialization
Exceptional
7
Wilmington, DEMSA
Volume: 445Mix: 2.37%
Place Specialization
Exceptional
8
Minneapolis, MN-WIMSA
Volume: 1,250Mix: 6.65%
Place Specialization
Exceptional
9
Washington, DC, DC-MDMSA
Volume: 386Mix: 2.05%
Place Specialization
Exceptional
10
Camden, NJ, NJMSA
Volume: 446Mix: 2.37%
Place Specialization
Exceptional
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
PAState
Volume: 2,373Mix: 12.63%
Place Specialization
Exceptional
2
VAState
Volume: 1,856Mix: 9.88%
Place Specialization
Exceptional
3
MNState
Volume: 1,495Mix: 7.96%
Place Specialization
Exceptional
4
MDState
Volume: 1,264Mix: 6.73%
Place Specialization
Exceptional
5
NJState
Volume: 1,034Mix: 5.50%
Place Specialization
Exceptional
6
DEState
Volume: 498Mix: 2.65%
Place Specialization
Exceptional
7
DCState
Volume: 211Mix: 1.12%
Place Specialization
Exceptional
8
CTState
Volume: 661Mix: 3.52%
Place Specialization
Exceptional
9
WIState
Volume: 709Mix: 3.77%
Place Specialization
Strong
10
GAState
Volume: 1,019Mix: 5.42%
Place Specialization
Strong
Showing 10 of 38 states
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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