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Mortgage Products

Mortgages for real life.

When it comes to mortgages, one size doesn’t fit all. That’s just real life. Because of that, at Wings Financial Credit Union we’re bringing something new to the mortgage world: Flexibility. With Fixed- and Adjustable-Rate Mortgages (ARM), Wings offers the products, experience, and homebuyer education needed to find you the right loan.

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.

 

 

 

New 10/5 ARM

The new 10/5 ARM loan offers a lower interest rate than a 30-year fixed loan, with only one rate change in the first 15 years. This option gives members lower monthly payments with the security of knowing your rate will only change once in the first 15 years. It’s just one of many customizable mortgage options Wings offers its members.

Couple laying down holding their kids up. Text reads "10/5 Adjustable-Rate Mortgage"
 
 
 

Adjustable-Rate Mortgages

Offers lower rates than a standard fixed-rate mortgage, with a fixed rate for the first 5-, 7-, 10- years, after which the rate may adjust annually. If you are a first-time homebuyer or you do not plan on staying in your home for more than ten years, a Wings ARM loan may be right for you. Schedule a meeting with a Wings Mortgage Loan Officer to discuss your borrowing options.

Fixed-Rate Mortgages

With a fixed-rate mortgage from Wings, 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 for several years. A Wings Mortgage Loan Officer will be able to talk through your options and help you know if a fixed-rate mortgage is right for you.

ARM Products:

 

10/5 Year ARM

10/1 Year ARM

7/1 Year ARM

5/1 Year ARM

Fixed-Rate Products:

 

30 Year Fixed

20 Year Fixed

15 Year Fixed

10 Year Fixed

ARM Products:

 

10/5 Year ARM

10/1 Year ARM

7/1 Year ARM

5/1 Year ARM

 

Fixed-Rate Products:

 

30 Year Fixed

20 Year Fixed

15 Year Fixed

10 Year Fixed

 
 
 
 
 

Additional Product Options

10% down payment, no-PMI option.

With a Wings Adjustable-Rate Mortgage, you can avoid paying Private Mortgage Insurance (PMI) if you have:

  • 10% down payment
  • Credit score of 720 or higher
  • Active Wings checking account
 

Available on ARM products up to $1,000,000. Purchase and rate & term refinances only.

For loans greater than $1,000,000 speak to a loan officer for details.

 

Jumbo Mortgages

Wings Financial offers jumbo financing at a great rate. With fixed and adjustable-rate jumbo mortgages, low closing costs, and a $950 loan origination fee on all closed loans*, Wings makes it easy to get the most home for your money.

 
 

APPLY FOR A MORTGAGE LOAN

*Additional third-party closing costs will apply. Membership with a $5.00 minimum opening deposit is required.

Consumer Handbook on Adjustable-Rate Mortgages

Adjustable Rate Mortgage Disclosures