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When it comes to mortgages, one size doesn’t fit all.
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    Bringing you purchase and refinance 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 options, Wings offers the choices, experience and support to help you finance or refinance 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.

    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) Jumbo Mortgages

    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, 10, or 15 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.

    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.

    Available Options

    30-year, 20-year, 15-year, and 10-year fixed; 30-year Jumbo

    15/1, 10/5, 10/1, 7/1, and 5/1 ARM;
    all terms available as Jumbo loan

    30-year fixed; 15/1, 10/5, 10/1, 7/1, and 5/1 ARM;

    Minimum Down Payment2

    3% (first-time buyers/30-year fixed only); otherwise, 5%

    3%

    10%

    PMI Required?

    Yes, if down payment is less than 20%

    No, if down payment is 10% and you meet certain requirements. First-time homebuyers can avoid PMI with as little as 3% down. Speak to a Loan Officer for details.

    Yes, if down payment is less than 20%

    Loan Origination Fee3

    $950

    $950

    $950

    Closing Costs

    No application, processing, underwriting or document prep fees;
    third-party closing costs apply and will be estimated after pre-approval.

    No application, processing, underwriting or document prep fees;
    third-party closing costs apply and will be estimated after pre-approval.

    No application, processing, underwriting or document prep fees;
    third-party closing costs apply and will be estimated after pre-approval.

     

    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.

    Mortgage Rates for New Purchases

    Please note: Loan rates applicable for mortgages up to $647,200.00.
    Jumbo loan rates apply to all mortgages greater than $647,200.00.

    Purchase Purchase Rate
    As Low As1
    Purchase
    APR
    Jumbo Rate
    As Low As1
    Jumbo
    APR
    30 Year
    Fixed-Rate Mortgage
    3.625% 3.660% 3.625% 3.636%
    20 Year
    Fixed-Rate Mortgage
    3.375% 3.424% N/A N/A
    15 Year
    Fixed-Rate Mortgage
    2.875% 2.938% N/A N/A
    10 Year
    Fixed-Rate Mortgage
    2.875% 2.966% N/A N/A
    15/1 Year
    Adjustable-Rate Mortgage
    3.500% 3.564% 3.500% 3.520%
    10/5 Year
    Adjustable-Rate Mortgage
    3.500% 3.592% 3.500% 3.529%
    10/1 Year
    Adjustable-Rate Mortgage
    3.375% 3.467% 3.375% 3.404%
    7/1 Year
    Adjustable-Rate Mortgage
    3.250% 3.379% 3.250% 3.291%
    5/1 Year
    Adjustable-Rate Mortgage
    3.000% 3.177% 3.000% 3.056%

    General Terms for all Loans:
    1Rates are based on an evaluation of your credit history and other factors, so your rate may differ. The APR (Annual Percentage Rate) and monthly payment examples assume a 20% down payment, 360 total monthly payments, and $1090.50 estimated borrower pre-paid finance charges. If the down payment is less than 20%, private mortgage insurance (PMI) may be required on the loan and could result in an increased APR and payment. Loan rates applicable for mortgages up to $647,200. Jumbo rates apply to all mortgages greater than $647,200.
    Rate Locks - 60 Days - No Fee
    $950 loan origination fee - Additional third-party closing costs will apply.

    Fixed Rate Terms and Payment examples:
    The 30-year fixed rate mortgage product with 3% minimum down payment (97% LTV) available to first-time home buyers only.
    Fixed rate mortgages may be subject to FNMA fees based on credit score, LTV and other factors which may apply.
    Loan amount: $250,000 30 Year Fixed-Rate at 3.375% = principal/interest payment of $1,105.24
    Jumbo loan amount: $800,000 on 30 Year Fixed-Rate Jumbo product at 3.375% = principal/interest payment of $3,536.77

    Adjustable-Rate Mortgage (ARM) Terms and Payment examples:
    Adjustable-Rate Mortgage (ARM) rates are subject to change according to product terms.
    ARM product with 10% down payment (90% LTV) with no PMI subject to a rate add on of 0.125%.
    ARM product with 3% minimum down payment (97% LTV) with no PMI available to first-time home buyers only subject to a rate add on of 0.50%.
    3% minimum down payment (97% LTV) available to all homebuyers on ARM products but is subject to PMI.
    Loan amount: $250,000 on 15/1 ARM product at 3.250% = principal/interest payment of $1,088.02
    Jumbo loan amount: $800,000 on 15/1 ARM Jumbo product at 3.250% = principal/interest payment of $3,481.65.

    Rates effective as of January 18, 2022 and subject to change.

    Mortgage Rates for Refinances

    Please note: Loan rates applicable for mortgages up to $647,200.00.
    Jumbo loan rates apply to all mortgages greater than $647,200.00.

    Refinance Refinance Rate
    As Low As1
    Refinance
    APR
    Jumbo Rate
    As Low As1
    Jumbo
    APR
    30 Year
    Fixed-Rate Mortgage
    3.625% 3.660% 3.625% 3.636%
    20 Year
    Fixed-Rate Mortgage
    3.375% 3.424% N/A N/A
    15 Year
    Fixed-Rate Mortgage
    2.875% 2.938% N/A N/A
    10 Year
    Fixed-Rate Mortgage
    2.875% 2.966% N/A N/A
    15/1 Year
    Adjustable-Rate Mortgage
    3.500% 3.564% 3.500% 3.520%
    10/5 Year
    Adjustable-Rate Mortgage
    3.500% 3.592% 3.500% 3.529%
    10/1 Year
    Adjustable-Rate Mortgage
    3.375% 3.467% 3.375% 3.404%
    7/1 Year
    Adjustable-Rate Mortgage
    3.250% 3.379% 3.250% 3.291%
    5/1 Year
    Adjustable-Rate Mortgage
    3.000% 3.177% 3.000% 3.056%

    General Terms for all Loans:
    1Rates are based on an evaluation of your credit history and other factors, so your rate may differ. The APR (Annual Percentage Rate) and monthly payment examples assume a 20% down payment, 360 total monthly payments, and $1090.50 estimated borrower pre-paid finance charges. If the down payment is less than 20%, private mortgage insurance (PMI) may be required on the loan and could result in an increased APR and payment. Loan rates applicable for mortgages up to $647,200. Jumbo rates apply to all mortgages greater than $647,200.
    Rate Locks - 60 Days - No Fee
    $950 loan origination fee - Additional third-party closing costs will apply.

    Fixed Rate Terms and Payment examples:
    The 30-year fixed rate mortgage product with 3% minimum down payment (97% LTV) available to first-time home buyers only.
    Fixed rate mortgages may be subject to FNMA fees based on credit score, LTV and other factors which may apply.
    Loan amount: $250,000 30 Year Fixed-Rate at 3.375% = principal/interest payment of $1,105.24
    Jumbo loan amount: $800,000 on 30 Year Fixed-Rate Jumbo product at 3.375% = principal/interest payment of $3,536.77

    Adjustable-Rate Mortgage (ARM) Terms and Payment examples:
    Adjustable-Rate Mortgage (ARM) rates are subject to change according to product terms.
    ARM product with 10% down payment (90% LTV) with no PMI subject to a rate add on of 0.125%.
    ARM product with 3% minimum down payment (97% LTV) with no PMI available to first-time home buyers only subject to a rate add on of 0.50%.
    3% minimum down payment (97% LTV) available to all homebuyers on ARM products but is subject to PMI.
    Loan amount: $250,000 on 15/1 ARM product at 3.250% = principal/interest payment of $1,088.02
    Jumbo loan amount: $800,000 on 15/1 ARM Jumbo product at 3.250% = principal/interest payment of $3,481.65.

    Rates effective as of January 18, 2022 and subject to change.

    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.

    Contact Us Today

    Younger couple looking at an iPad on a couch sorrounded by moving boxes in their new home

    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.

    Awards and Recognition

    Twin Cities Best of Business 2021 Readers Choice Award

    Best Credit Union
    Best Home Mortgage

    Twin Cities Business Best of Business

    Award seal for Star Tribune Minnesota's Best Gold Award for Best Home Mortgage

    Best Home Mortgage
    Star Tribune 2021 Minnesota’s Best

    Attend a free home webinar.

    Prepare yourself for your home buying journey with Wings Financial's home buying and home selling webinars, featuring knowledgeable real estate professionals.

    Register Now

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    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.

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