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Mortgage Loans
When it comes to mortgages, one size doesn’t fit all.
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Bringing you mortgage options for real life.
At Wings Financial, we’re bringing something new to the mortgage world: flexibility. With a wide range of fixed- and adjustable-rate mortgages, Wings offers the options, experience and support to help you finance your home. At the end of the day, it’s not about fitting a member into a mortgage. It’s about fitting the right mortgage to a member.
Homebuyer Education
Prepare yourself for your home buying journey with Wings Financial's home buying and home selling seminars, featuring knowledgeable real estate professionals.
Flexible Product Options
Fixed- and adjustable-rate mortgage options provide flexibility for your payments, rate and mortgage term.
Trusted Agent Partners
HomeAdvantage® connects you with a trusted agent, plus offers cash rewards for your purchase or sale.
| Compare & find the best account for you. | Fixed-Rate Mortgages | Adjustable-Rate Mortgages (ARM) |
|---|---|---|
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Overview |
With a fixed-rate mortgage, your interest rate will not change over the life of the loan. This offers stable, predictable monthly payments, making it a good option if you plan to stay in your home long term. |
Offers lower rates than a standard fixed-rate mortgage, with a fixed rate for the first 5, 7, or 10 years. After that, the rate may adjust annually. If you are a first-time homebuyer or do not plan on staying in your home for more than a few years, a Wings ARM loan may be right for you. |
|
Available Options |
30-year, 20-year, 15-year, and 10-year fixed; 30-year Jumbo |
10/5, 10/1, 7/1, and 5/1 ARM; |
|
Minimum Down Payment2 |
3% (first-time buyers/30-year fixed only); otherwise, 5% |
3% |
|
PMI Required? |
Yes, if down payment is less than 20% |
Yes, if down payment is less than 20% |
|
Loan Origination Fee3 |
$950 |
$950 |
|
Closing Costs |
No application, processing, underwriting or document prep fees; |
No application, processing, underwriting or document prep fees; |
Specialized mortgages for buyers.
Wings offers two additional mortgage options for those interested in buying a home.
10% down payment, no-PMI ARM
With a Wings adjustable-rate mortgage, you can avoid paying Private Mortgage Insurance (PMI) if you have a 10% down payment, a credit score of 720 or higher, and an active Wings checking account.
This option is available for ARM products up to $1,000,000. For loans greater than $1,000,000, speak to a loan officer for details.
Jumbo Mortgages
Wings offers jumbo financing at a great rate. With fixed- and adjustable-rate jumbo mortgages, low closing costs and a low origination fee on all closed loans, Wings makes it easy to get the most home for your money.
Our Loan Officers are here to help.
Buying a home is one of the biggest purchases most people will make. Whether you're ready to apply or just gathering information, Wings Loan Officers are here to help answer your mortgage loan questions.
Mortgage Rates
| Fixed-Rate | Rate - Add .50% to all rates for refinance transactions | APR | Monthly Payment1 | Example Loan Amount |
| 30 Year Fixed | 3.375% | 3.419% | $884.19 | $200,000 |
| 20 Year Fixed | 3.125% | 3.186% | $1,121.75 | $200,000 |
| 15 Year Fixed | 3.000% | 3.078% | $1,381.16 | $200,000 |
| 10 Year Fixed | 2.875% | 2.989% | $1,919.70 | $200,000 |
| Adjustable-Rate | Rate - Add .50% to all rates for refinance transactions | APR | Monthly Payment1 | Example Loan Amount |
| 10/5 Year ARM | 3.250% | 3.365% | $870.41 | $200,000 |
| 10/1 Year ARM | 3.125% | 3.240% | $856.75 | $200,000 |
| 7/1 Year ARM | 3.000% | 3.160% | $843.21 | $200,000 |
| 5/1 Year ARM | 2.750% | 2.970% | $816.48 | $200,000 |
| Jumbo Loan | Rate - Add .50% to all rates for refinance transactions | APR | Monthly Payment1 | Example Loan Amount |
| 30 Year Fixed Jumbo | 3.250% | 3.267% | $2176.03 | $600,000 |
| 10/5 Year ARM Jumbo | 3.125% | 3.171% | $2,141.88 | $600,000 |
| 10/1 Year ARM Jumbo | 3.000% | 3.046% | $2,108.02 | $600,000 |
| 7/1 Year ARM Jumbo | 2.875% | 2.939% | $2,074.46 | $600,000 |
| 5/1 Year ARM Jumbo | 2.625% | 2.713% | $2,008.25 | $600,000 |
1APR & Payment Examples - The APR and monthly payment examples assume a 20% down payment, 360 total monthly payments (240 for 20 Year Fixed, 180 for 15 Year Fixed, and 120 for 10 Year Fixed), and $1809.00 estimated borrower pre-paid finance charges. If the down payment is less than 20%, mortgage insurance may be required on the loan and could result in an increased APR and payment. Adjustable-Rate Mortgage rates are variable and subject to increase after consummation.
Estimate your mortgage payment.
Enter your home information and loan information into the calculator to find out what your estimated monthly mortgage payment will be.
Education & Resources
Wings offers helpful resources for first-time homebuyers, as well as experienced buyers.
First-Time Homebuyers
If you are a first-time homebuyer, Wings has affordable loan options and free resources to guide your homebuying journey. Our knowledgeable, helpful Loan Officers will be by your side every step of the way to answer your questions.
HomeAdvantage
In partnership with CU Realty Services, Wings Financial offers access to trusted agents, MLS listings, and Cash Rewards for your sale or purchase. Members who work with a HomeAdvantage® agent earn an average of $1,500 back in savings!
Home Insurance
Homeowners Insurance, Renters Insurance, and Condo Insurance provide financial protection against damage and disasters inside and outside your residence. It helps keep your home in tip-top shape while keeping your pocketbook safe.
What our members love.
We love helping members like Adam and Rachel buy the home that’s right for them. We’ll support you with expert guidance, resources and advice from pre-approval to close.
Attend a free home seminar.
Prepare yourself for your home buying journey with Wings Financial's home buying and home selling seminars, featuring knowledgeable real estate professionals.
Let us help you get the financing you need.
We make it easy to apply for a mortgage. Apply today using our simple, online application and a Loan Officer will work with you to finalize your loan.
23% minimum down payment available for new-purchase, 30-year fixed-rate mortgage for first-time homebuyers only and adjustable-rate mortgages (ARMs) for all borrowers. Additional third-party closing costs will apply.
3Additional third-party closing costs will apply. Membership with a $5.00 minimum opening deposit is required. Please speak to a Loan Officer for details.
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