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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) | 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; |
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; |
No application, processing, underwriting or document prep fees; |
No application, processing, underwriting or document prep fees; |
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.
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.
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.
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.
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.
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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.
