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Borrow Smarter - Mortgage Loans

Give yourself some credit with a
Wings Mortgage.

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Bringing you purchase and refinance options for real life.

At Wings, 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' home buying and home selling seminars, featuring knowledgeable real estate professionals.

Contact Our Team

Wings Loan Officers are here to help you answer your loan questions. Reach out to schedule an appointment (in-person or virtual) or communicate via phone or email with our team.

VA and FHA Loan Support

Looking for a Department of Veteran’s Affairs (VA) or Federal Housing Administration (FHA) mortgage loan? The Wings Mortgage team is here to help. Wings Loan Officers are ready to support you on your home buying journey and answer any questions that you may have. Give us a call at (952) 997-8462 to learn more about rates, terms, and other information on VA and FHA loans.

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We are unable to support VA and FHA mortgage loans in Alaska, Arizona, Hawaii, Massachusetts, Nevada, New York, Rhode Island, U.S. Virgin Islands, Virginia, or Washington DC.  Not available for manufactured homes or investment properties. Please speak to a loan officer for more details.

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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 10/1, 7/1, and 5/1 ARM;
40-year 5/1 ARM

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

Minimum Down Payment

5%; 3% for first-time homebuyers

5%; 3% for first-time homebuyers

10%

PMI Requirement

Yes, if down payment is less than 20%

Yes, if the down payment is less than 20%. No-PMI options available for down payments as low as 10% or 3% for first-time homebuyers

Yes, if down payment is less than 20%

Loan Origination Fee

$1,200

$1,200

$1,200

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.

Mortgage Rates for New Purchases

Fixed-Rate Loan
(up to $766,550)
Purchase Rate
As Low As1
Purchase
APR2
Points3 ? Loan
Amount
Monthly
Payment
30 Year 6.750% 6.888% 1.0 $350,000 $2,270.09
20 Year 6.625% 6.805% 1.0 $350,000 $2,635.33
15 Year 6.500% 6.724% 1.0 $350,000 $3,048.88
10 Year 6.375% 6.689% 1.0 $350,000 $3,951.96
Adjustable-Rate Loan
(up to $766,550)
Purchase Rate
As Low As1
Purchase
APR2
Points3 ? Loan
Amount
Monthly
Payment
10/1 ARM - 30 Year 6.625% 7.122% 1.0 $350,000 $2,241.09
7/1 ARM - 30 Year 6.375% 7.149% 1.0 $350,000 $2,183.54
5/1 ARM - 30 Year 6.250% 7.258% 1.0 $350,000 $2,155.01
5/1 ARM - 40 Year4 6.500% 7.400% 1.0 $350,000 $2,049.10
Jumbo Loan
(greater than $766,550)
Purchase Rate
As Low As1
Purchase
APR2
Points3 ? Loan
Amount
Monthly
Payment
10/1 ARM - 30 Year 6.625% 7.101% 1.0 $800,000 $5,122.49
7/1 ARM - 30 Year 6.375% 7.128% 1.0 $800,000 $4,990.96
5/1 ARM - 30 Year 6.250% 7.237% 1.0 $800,000 $4,925.74
30 Year Fixed 6.750% 6.866% 1.0 $800,000 $5,188.78
General Terms for all Loans:
1Rates are based on an evaluation of your credit history and other factors, so your rate may differ.
2The APR (Annual Percentage Rate) and monthly payment examples assume a 20% down payment and $4,893.80 ($9,428.80 JUMBO) 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.
3Points are an amount paid to the mortgage lender at closing used to lower the interest rate. One point is equal to one percent of the loan amount (for example, 1 point on a $100,000 mortgage would equal $1,000).
4For first-time homebuyers only.
Rate Locks - 60 Days - No Fee
Origination Fee: $1,200 or 1% of loan amount, whichever is lower. Additional third-party closing costs will apply.
Additional Fixed Rate Terms:
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.
Additional Adjustable-Rate Mortgage (ARM) Terms:
Adjustable-Rate Mortgage (ARM) rates are subject to change according to product terms.
ARM product with 10% down payment (90% LTV) with no PMI are subject to a rate/APR add on of 0.125%. Active checking account required, with monthly ACH direct debit card transactions per month. Available for ARM products up to $1,000,000.
ARM product with 3% minimum down payment (97% LTV) with no PMI are available to first-time home buyers only subject to a rate/APR add on of 0.25%.
3% minimum down payment (97% LTV) available to all homebuyers on ARM products but is subject to PMI.

Membership with a $5 Share Account required.

Rates effective as of February 21, 2024 and subject to change.

Mortgage Rates for Refinances

Fixed-Rate Loan
(up to $766,550)
Refinance Rate
As Low As1
Refinance
APR2
Points3 ? Loan
Amount
Monthly
Payment
30 Year 6.750% 6.888% 1.0 $350,000 $2,270.09
20 Year 6.625% 6.805% 1.0 $350,000 $2,635.33
15 Year 6.500% 6.724% 1.0 $350,000 $3,048.88
10 Year 6.375% 6.689% 1.0 $350,000 $3,951.96
Adjustable-Rate Loan
(up to $766,550)
Refinance Rate
As Low As1
Refinance
APR2
Points3 ? Loan
Amount
Monthly
Payment
10/1 ARM - 30 Year 6.625% 7.122% 1.0 $350,000 $2,241.09
7/1 ARM - 30 Year 6.375% 7.149% 1.0 $350,000 $2,183.54
5/1 ARM - 30 Year 6.250% 7.258% 1.0 $350,000 $2,155.01
Jumbo Loan
(greater than $766,550)
Refinance Rate
As Low As1
Refinance
APR2
Points3 ? Loan
Amount
Monthly
Payment
10/1 ARM - 30 Year 6.625% 7.101% 1.0 $800,000 $5,122.49
7/1 ARM - 30 Year 6.375% 7.128% 1.0 $800,000 $4,990.96
5/1 ARM - 30 Year 6.250% 7.237% 1.0 $800,000 $4,925.74
30 Year Fixed 6.750% 6.866% 1.0 $800,000 $5,188.78
General Terms for all Loans:
1Rates are based on an evaluation of your credit history and other factors, so your rate may differ.
2The APR (Annual Percentage Rate) and monthly payment examples assume 80% Loan-to-Value (LTV) and $4,893.80 ($9,428.80 JUMBO) estimated borrower pre-paid finance charges. If the LTV is greater than 80%, private mortgage insurance (PMI) may be required on the loan and could result in an increased APR and payment.
3Points are an amount paid to the mortgage lender at closing used to lower the interest rate. One point is equal to one percent of the loan amount (for example, 1 point on a $100,000 mortgage would equal $1,000).
Rate Locks - 60 Days - No Fee
Origination Fee: $1,200 or 1% of loan amount, whichever is lower. Additional third-party closing costs will apply.
Additional Fixed Rate Terms:
Fixed rate mortgages may be subject to FNMA fees based on credit score, LTV and other factors which may apply.
Additional Adjustable-Rate Mortgage (ARM) Terms:
Adjustable-Rate Mortgage (ARM) rates are subject to change according to product terms.
ARM product with 90% LTV with no PMI is subject to a rate/APR add on of 0.125%

Membership with a $5 Share Account required.

Rates effective as of February 21, 2024 and subject to change.

Finance a second home with Wings Mortgage

Wings Mortgage offers financing for second homes. Take advantage of our flexible product options, low fixed origination fee, and friendly Wings service on your cabin, lake home, or home away from home. Financing and refinancing for second homes is available on all ARM products with a rate add-on.4

Apply Now

4Rate add-on varies by property type, transaction type, and number of units. Please speak to a Loan Officer for details. 

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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. The Wings Mortgage team can be reached via phone directly at (952) 997-8462.

Contact Us Today

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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

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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