All offices will be closed on Wednesday, June 19th, in observance of Juneteenth.

New! Digital Banking Sign In

Get Our Mobile App

First-Time Homebuyers

Education. Savings. Service.
We bring it all home.

Apply Now

Application in Progress? Resume Your Application

couple siting on the floor laughing and surrounded by boxes

Here, homebuyers get a lot more than a great rate.

At Wings, everything we do is focused on setting members up to succeed. That's why we offer one of the most comprehensive suites of home-buying resources you'll find, including free homebuyer education, plus friendly Wings service for the life of your loan.

13% 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.

2Additional third-party closing costs will apply. Please speak to a Loan Officer for details.

33% minimum down payment with no PMI available for first-time homebuyers' new purchase on all Adjustable-Rate Mortgages. Additional third-party closing costs will apply. No-PMI option rate is 0.25% higher than Adjustable-Rate Mortgage rates published at wingsfinancial.com/mortgage.

440-year amortization available for first-time homebuyers’ new purchase on a 5/1 Adjustable-Rate Mortgage with a 5% minimum down payment. No-PMI option available with an additional rate add-on of 0.25%. Not available on jumbo loans. Membership with $5 Share Savings required before closing.

Compare your down payment options.

Purchase Price Total Down Payment

3% Down

$275,000

$8,250

10% Down

$275,000

$27,500

20% Down

$275,000

$55,000

3% Down

$350,000

$10,500

10% Down

$350,000

$35,000

20% Down

$350,000

$70,000

3% Down

$425,000

$12,750

10% Down

$425,000

$42,500

20% Down

$425,000

$85,000

Fixed and Adjustable-Rate Mortgage Rates

Fixed-Rate Loan
(up to $766,550)
Purchase Rate
As Low As1
Purchase
APR2
Points3 ? Loan
Amount
Monthly
Payment
30 Year 6.625% 6.762% 1.0 $350,000 $2,241.09
20 Year 6.250% 6.427% 1.0 $350,000 $2,558.25
15 Year 6.125% 6.347% 1.0 $350,000 $2,977.19
10 Year 5.750% 6.061% 1.0 $350,000 $3,841.92
Adjustable-Rate Loan
(up to $766,550)
Purchase Rate
As Low As1
Purchase
APR2
Points3 ? Loan
Amount
Monthly
Payment
10/1 ARM - 30 Year 6.375% 7.003% 1.0 $350,000 $2,183.54
7/1 ARM - 30 Year 6.125% 7.085% 1.0 $350,000 $2,126.64
5/1 ARM - 30 Year 6.000% 7.240% 1.0 $350,000 $2,098.43
5/1 ARM - 40 Year4 6.250% 7.398% 1.0 $350,000 $1,987.09
Jumbo Loan
(greater than $766,550)
Purchase Rate
As Low As1
Purchase
APR2
Points3 ? Loan
Amount
Monthly
Payment
10/1 ARM - 30 Year 6.375% 6.981% 1.0 $800,000 $4,990.96
7/1 ARM - 30 Year 6.125% 7.064% 1.0 $800,000 $4,860.88
5/1 ARM - 30 Year 6.000% 7.218% 1.0 $800,000 $4,796.40
30 Year Fixed 6.625% 6.740% 1.0 $800,000 $5,122.49
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 $4,896.00 ($9,426.00 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 5 monthly ACH direct debit card transaction 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 June 19, 2024 and subject to change.

Free homebuyer education

Prepare yourself for your homebuying journey with Wings' home buying seminars, featuring knowledgeable real estate professionals. Plus, receive a $100 Wings Visa® Gift Card if you attend a home buying Seminar and use Wings for your mortgage!

Register Today

male couple taking a break from unpacking moving boxes at their home by drinking coffee and chatting

Common Questions About Buying Your First Home.

See All FAQs

How do I know how much I can afford as a first-time homebuyer?

With Wings, you can get pre-qualified before you start looking for your home, so you'll know how much you can afford.

How much of a down payment will I need as a first-time homebuyer?

Down payment requirements may vary by loan type. Wings offers more flexible options for first-time homebuyers. Learn more about programs for first-time homebuyers here

What is escrow?

An escrow account is a common feature of a mortgage loan. An escrow account makes it easier to pay necessary expenses on your property – like taxes and insurance – by incorporating them into your monthly mortgage payment, rather than paying them in lump sums.

What is Private Mortgage Insurance (PMI)?

PMI is typically required if your down payment is less than 20% of the home's value. It is designed to protect the lender in case you stop making payments on your loan.

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_1