Sign In
Application in progress? Resume Your Application
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.
| Compare & find the best account for you. | Fixed-Rate Mortgages | Adjustable-Rate Mortgages (ARM) |
|---|---|---|
|
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% |
No, if down payment is 10% and you meet certain requirements |
|
Loan Origination Fee3 |
$950 |
$950 |
|
Closing Costs |
No application, processing, underwriting or document prep fees; |
No application, processing, underwriting or document prep fees; |
Wings offers additional mortgage options for those interested in buying a home.
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.
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.
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.
| Fixed-Rate | Rate | APR | Monthly Payment1 | Example Loan Amount |
|---|---|---|---|---|
| 30 Year Fixed | 3.250% | 3.293% | $870.41 | $200,000 |
| 20 Year Fixed | 3.000% | 3.061% | $1,109.20 | $200,000 |
| 15 Year Fixed | 2.750% | 2.828% | $1,357.24 | $200,000 |
| 10 Year Fixed | 2.625% | 2.739% | $1,896.79 | $200,000 |
| Adjustable-Rate | Rate | APR | Monthly Payment1 | Example Loan Amount |
|---|---|---|---|---|
| 10/5 Year ARM | 3.125% | 3.240% | $856.75 | $200,000 |
| 10/1 Year ARM | 3.000% | 3.114% | $843.21 | $200,000 |
| 7/1 Year ARM | 2.875% | 3.035% | $829.78 | $200,000 |
| 5/1 Year ARM | 2.625% | 2.845% | $803.30 | $200,000 |
| Jumbo Loan | Rate | APR | Monthly Payment1 | Example Loan Amount |
|---|---|---|---|---|
| 30 Year Fixed Jumbo | 3.250% | 3.265% | $2,611.24 | $600,000 |
| 10/5 Year ARM Jumbo | 3.125% | 3.163% | $2,570.25 | $600,000 |
| 10/1 Year ARM Jumbo | 3.000% | 3.038% | $2,529.62 | $600,000 |
| 7/1 Year ARM Jumbo | 2.875% | 2.929% | $2,489.35 | $600,000 |
| 5/1 Year ARM Jumbo | 2.625% | 2.699% | $2,409.90 | $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.
$950 loan origination fee2
**FANNIE MAE NOTICE** - All fixed rate mortgages are subject to Fannie Mae fees based on credit score, LTV and other factors which may apply.
Fixed-Rate Loan amounts amounts up to $548,250; $822,375 in AK (30 Year Fixed Jumbo applies to amounts greater than $548,250; $822,375 in AK)
Adjustable-Rate Loan amounts up to $700,000 (for loans greater than $700,000, speak to a loan officer for details).
Maximum Fixed Rate Loan Amount - 97% Loan to Value (LTV)3
Rate Locks - 60 Days - No Fee
2Additional third-party closing costs will apply. Membership is required.
33% 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.
Rates effective as of April 12, 2021 and subject to change.
Enter your home information and loan information into our home mortgage calculator to find out what your estimated monthly payment will be.
Wings offers helpful resources for first-time homebuyers, as well as experienced buyers.
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.
Prepare yourself for your home buying journey with Wings Financial's home buying and home selling webinars, featuring knowledgeable real estate professionals.
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.
