Prosperity Bank

Reviews

• AM

  Amanda Moore

  Jan 5, 2026
  1.0
  Elgin Texas Branch: The service of this bank has really went down. I have been banking with them for years. When the town was small, the lady I worked with would always approve my laon application for whatever amount I applied for. The ladies that work in the branch offices are always pleasant. But when it comes to getting a loan the so called underwriting, in my opinion there is only two groups that are being approved foreigners and hispanics. My credit score was above the requirement. I explained to them before the loan was asked of my situation with Rocket Mortgage which had caused a negative impact on my mortgage payment history. Yet, I get a call for a 3rd party verification of a two year payment history just to be denied. I was told a lie about my properties. I was told since they was connected I couldn't get a loan on the empty lot. Texas laws when in fact: Yes, you likely can get a loan on your non-primary residence property in Texas, but you'll need to work with lenders offering specific options like land loans, investment property loans, or portfolio loans, as Texas homestead laws restrict home equity loans to your single main residence, requiring you to designate one property as primary and the other as non-homestead, often through a non-homestead affidavit, notes Amplify Credit Union and Doss Law, PC. Key Considerations & Steps Designate Your Primary Residence: You must legally designate one property as your primary homestead for tax and lending purposes, even if you live in both sometimes, says Rocket Mortgage. Non-Homestead Affidavit: For the property you want to borrow against, you'll sign a sworn statement (non-homestead affidavit) disclaiming homestead rights and claiming them for your other property, allowing lenders to secure loans on the non-primary home, according to Doss Law, PC. Loan Types: Land Loan: If the property is mostly land, a land loan from a bank or credit union is suitable, notes Amplify Credit Union. Investment Property Loan: Lenders offer loans for properties used for income or investment, which have different terms than primary residences. Portfolio Loans/Blanket Loans: Some lenders offer these for multiple properties, potentially bundling them, say QSLWM. Texas Homestead Laws: You can only have one Texas home equity loan or HELOC at a time, and it must be on your primary residence, not a second home or rental. This rule protects your main home's equity. Lender Requirements: Be prepared for stricter requirements on the non-primary property, as lenders view it as a higher risk, notes Capitol Credit Union.
• DO

  Damien Olson

  Oct 18, 2025
  5.0
  Prosperity Bank is a shining example of community banking. If you are looking for exceptional services then please go to the Tanglewood location, located at 5707 Woodway Dr, Houston, TX 77057
• TP

  Tami Pierce

  Jun 25, 2020
  4.0
  Stacy and Marci kept me informed and answered all my questions prior to closing. I only had issues with Tammy being at closing as she was unable to answer questions or provide guidance. Stacy or Marci should have been at closing.

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