Prosperity Home Mortgage · Lender
Prosperity Home Mortgage
Review published mortgage options and requirements, then request a personalized quote from the lender.
Availability: Not all mortgage products may be available in all areas. Not all borrowers will qualify.
At a glance
- Property use
- Primary residence
- Reserves
- 3% down payment and reserves (if required) may be supplied by gift funds
Still to confirm: Borrower type, Credit requirement.
Our take: Pros & Cons
What we like
- Qualifying borrowers may use a 3% down payment and eligible gift funds.
- The listed program offers a 30-year fixed-rate mortgage.
What to consider
- Pre-purchase homeownership education is required.
- The borrower must not have owned residential property during the previous three years.
- Not all borrowers qualify or products are available in all areas; request current pricing.
AI-generated lender-level assessment based on published information. Not a verified assessment of 3% Down First Time Homebuyer Program; confirm program-specific conditions below.
Newcomer requirements
3% Down First Time Homebuyer Program
Fit not assessed · Check fit
Verified published requirements for this program. Rate-example assumptions are separate and do not establish eligibility or approval.
- Minimum down payment
- 3% down payment (97% LTV)
- Reserves
- 3% down payment and reserves (if required) may be supplied by gift funds
- Property restrictions
- 1-unit primary residences eligible (e.g. single family homes, town homes, condos, planned unit developments (PUD))
- Occupancy
- Primary residence
View full lender requirements
- Minimum down payment
- 3% down payment (97% LTV)
- Reserves
- 3% down payment and reserves (if required) may be supplied by gift funds
- Property restrictions
- 1-unit primary residences eligible (e.g. single family homes, town homes, condos, planned unit developments (PUD))
- Occupancy
- Primary residence
- Other conditions
- Pre-purchase homeownership education required; Borrower on the loan must not have owned any residential property in the previous 3 years
Questions to confirm with the lender (12)
These requirements have not been verified for this program:
- SSN
- ITIN
- U.S. credit history
- Foreign credit history
- No credit history
- Residency / visa
- Minimum credit score
- Income documentation
- Employment documentation
- Foreign income
- Foreign assets
- State restrictions
Requirements last reviewed: Oct 27, 2026 · Official requirements source
Rates and costs
3% Down First Time Homebuyer Program
Rates are available on request
No reviewed advertised rate example is linked to this program.
How to apply
3% Down First Time Homebuyer Program
Document requirements are not confirmed. Ask the lender for its program-specific checklist.
- Confirm the program's identity, residency, credit and property requirements with the lender.
- Use the official application channel to request pricing for your actual scenario.
- Review the lender's written Loan Estimate, including costs and cash to close.
Published eligibility and availability do not guarantee approval. Confirm membership, relationship, property and occupancy conditions with the lender.
Sources and methodology
About this lender
Prosperity Home Mortgage offers a 3% down, 30-year fixed conventional program for qualifying first-time homebuyers purchasing an eligible one-unit primary residence. Homebuyer education and prior ownership conditions apply.
Legal lender: Prosperity Home Mortgage, LLC
Lending channel: Direct lending
Provider type: Mortgage company
Lending channels: Direct lending. Origination status: Not stated.
NMLS identifier: 75164
More lender directory information
Direct application information ↗
Not all mortgage products may be available in all areas. Not all borrowers will qualify.
Directory verified: 2026-10-27 UTC · Official directory source ↗
Official mortgage terms · Profile reviewed: Oct 27, 2026
- Official lender source · Last checked Not confirmed
What do APR, points, LTV and reserves mean?
- APR
- An annualized borrowing-cost measure that includes interest and certain loan charges. Read it alongside the interest rate and fees.
- Discount points
- An upfront charge expressed as a percentage of the loan amount. Compare the quoted interest rate and the points together.
- LTV
- Loan-to-value: the loan amount relative to the property's value.
- Reserves
- Assets the lender may require you to retain after closing. Requirements differ by program.