Wings Financial Mortgage Rates, Fees & Info

Apple Valley, MN

LEI: 549300HVW3AI97UKTO72

Tax ID: 41-6028665

5 stars - Updated: 2/19/24 - out of 5 stars, based on 72 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Wings Financial is a small mortgage company specializing in Home Purchase loans. Wings Financial has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Duluth, Atlanta, Faribault, and Seattle among others. We have data for 216 markets. (Some data included below & more in-depth data is available with an active subscription.)

Wings Financial has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Wings Financial is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 2/19/24
30 Year Conventional Purchase 6.33% 2/19/24
30 Year Conventional Refi 6.04% 2/19/24
30 Year Cash-out Refi 6.27% 2/19/24
15 Year Conventional Purchase 5.48% 2/19/24
15 Year Conventional Refi 5.73% 2/19/24
15 Year Cash-out Refi 5.73% 2/19/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Wings Financial Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Wings Financial. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

5,185

Origination Dollar Volume (All Markets)

$1,065,795,000
Show all (22) awards

Relative Rate

Wings Financial's average 30 year fixed mortgage rate was 4.42%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.34%.

Relative Fees (Closing Costs)

Wings Financial's average total fees/closing costs for a 30 year fixed rate mortgage were $3,366.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3,697 $683,555,000 $184,895 $3,193 4.46%
DULUTH, MN-WI (FHA|USDA|VA) 36 $48,670,000 $1,351,944 $3,129 4.43%
Outside of Metro Areas 156 $40,390,000 $258,910 $3,025 4.32%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 113 $18,885,000 $167,124 $3,639 4.57%
Faribault-Northfield, MN (FHA|USDA|VA) 69 $17,135,000 $248,333 $3,142 4.59%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 65 $16,935,000 $260,538 $4,523 4.44%
Brainerd, MN (FHA|USDA|VA) 71 $16,455,000 $231,761 $3,225 4.21%
AMES, IA (FHA|USDA|VA) 2 $15,120,000 $7,560,000 $2,530 4.45%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 44 $11,770,000 $267,500 $3,992 4.09%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 107 $11,505,000 $107,523 $2,855 4.73%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 23 $7,405,000 $321,957 $3,758 4.69%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 46 $6,170,000 $134,130 $4,088 4.68%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 33 $6,025,000 $182,576 $4,588 4.23%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 25 $5,795,000 $231,800 $4,743 3.71%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 11 $4,215,000 $383,182 $10,256 4.51%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 29 $4,205,000 $145,000 $3,847 4.02%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 15 $4,125,000 $275,000 $4,846 4.56%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 12 $4,090,000 $340,833 $5,449 3.86%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 8 $3,930,000 $491,250 $2,750 4.52%
ROCHESTER, MN (FHA|USDA|VA) 17 $3,725,000 $219,118 $2,913 4.61%
Red Wing, MN (FHA|USDA|VA) 19 $3,585,000 $188,684 $3,023 4.64%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 14 $3,550,000 $253,571 $4,150 3.80%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 11 $3,515,000 $319,545 $4,883 4.11%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 10 $3,420,000 $342,000 $3,353 3.76%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 11 $3,375,000 $306,818 $5,136 4.57%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 17 $3,075,000 $180,882 $2,864 4.34%
ST. CLOUD, MN (FHA|USDA|VA) 15 $2,875,000 $191,667 $3,186 5.08%
Jackson, WY-ID (FHA|USDA|VA) 1 $2,805,000 $2,805,000 $4,746 2.88%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 15 $2,775,000 $185,000 $3,594 4.94%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 13 $2,775,000 $213,462 $4,676 3.79%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 14 $2,770,000 $197,857 $3,905 4.86%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 6 $2,740,000 $456,667 $3,145 3.64%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 8 $2,640,000 $330,000 $4,744 4.17%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 9 $2,175,000 $241,667 $3,958 4.90%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 5 $2,075,000 $415,000 $5,159 4.93%
Owatonna, MN (FHA|USDA|VA) 9 $1,985,000 $220,556 $2,926 4.56%
Grand Rapids, MN (FHA|USDA|VA) 11 $1,975,000 $179,545 $2,855 4.60%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 8 $1,900,000 $237,500 $3,133 4.31%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 8 $1,850,000 $231,250 $4,418 4.95%
Alexandria, MN (FHA|USDA|VA) 7 $1,795,000 $256,429 $3,269 4.59%
ANN ARBOR, MI (FHA|USDA|VA) 12 $1,700,000 $141,667 $2,800 5.14%
MADISON, WI (FHA|USDA|VA) 5 $1,525,000 $305,000 $3,565 4.32%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 5 $1,505,000 $301,000 $2,271 4.12%
RENO, NV (FHA|USDA|VA) 4 $1,500,000 $375,000 $3,815 3.46%
Fergus Falls, MN (FHA|USDA|VA) 8 $1,480,000 $185,000 $3,194 3.98%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 5 $1,475,000 $295,000 $3,549 3.32%
RALEIGH-CARY, NC (FHA|USDA|VA) 6 $1,460,000 $243,333 $3,074 5.12%
THE VILLAGES, FL (FHA|USDA|VA) 7 $1,455,000 $207,857 $3,477 4.38%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $1,455,000 $485,000 $3,034 4.17%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 2 $1,420,000 $710,000 $3,866 4.56%
MANKATO, MN (FHA|USDA|VA) 7 $1,385,000 $197,857 $2,966 4.80%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 3 $1,315,000 $438,333 $3,377 3.25%
Steamboat Springs, CO (FHA|USDA|VA) 1 $1,285,000 $1,285,000 $5,203 4.50%
OCALA, FL (FHA|USDA|VA) 4 $1,270,000 $317,500 $4,112 4.44%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 7 $1,245,000 $177,857 $3,318 4.05%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $1,190,000 $595,000 $4,689 4.56%
EAU CLAIRE, WI (FHA|USDA|VA) 4 $1,170,000 $292,500 $2,720 4.28%
ST. GEORGE, UT (FHA|USDA|VA) 3 $1,135,000 $378,333 $3,652 4.66%
Hutchinson, MN (FHA|USDA|VA) 9 $1,125,000 $125,000 $2,963 4.08%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 3 $1,125,000 $375,000 $3,234 4.33%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $1,085,000 $1,085,000 $0 0.99%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 2 $1,060,000 $530,000 $5,176 5.44%
BOULDER, CO (FHA|USDA|VA) 2 $1,040,000 $520,000 $2,969 4.81%
SIOUX FALLS, SD (FHA|USDA|VA) 4 $1,020,000 $255,000 $2,745 3.97%
ANCHORAGE, AK (FHA|USDA|VA) 5 $1,015,000 $203,000 $3,206 4.37%
Heber, UT (FHA|USDA|VA) 2 $990,000 $495,000 $3,483 4.94%
PUNTA GORDA, FL (FHA|USDA|VA) 6 $980,000 $163,333 $3,746 3.06%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 3 $955,000 $318,333 $2,346 5.17%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 8 $900,000 $112,500 $0 4.53%
COLORADO SPRINGS, CO (FHA|USDA|VA) 4 $890,000 $222,500 $2,613 3.66%
JACKSONVILLE, FL (FHA|USDA|VA) 6 $880,000 $146,667 $3,226 3.31%
TUCSON, AZ (FHA|USDA|VA) 6 $860,000 $143,333 $3,929 4.62%
Adrian, MI (FHA|USDA|VA) 3 $825,000 $275,000 $3,391 4.04%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $790,000 $395,000 $5,717 3.13%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 6 $780,000 $130,000 $4,384 4.35%
COLUMBUS, OH (FHA|USDA|VA) 3 $775,000 $258,333 $3,621 2.96%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 4 $750,000 $187,500 $2,692 4.56%
APPLETON, WI (FHA|USDA|VA) 4 $730,000 $182,500 $2,278 4.25%
Alexander City, AL (FHA|USDA|VA) 2 $710,000 $355,000 $3,175 4.50%
SAVANNAH, GA (FHA|USDA|VA) 8 $700,000 $87,500 $3,234 5.14%
MONROE, MI (FHA|USDA|VA) 8 $690,000 $86,250 $2,325 4.50%
ST. LOUIS, MO-IL (FHA|USDA|VA) 3 $685,000 $228,333 $2,780 5.63%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 4 $680,000 $170,000 $3,604 3.81%
Boone, NC (FHA|USDA|VA) 1 $665,000 $665,000 $4,697 4.88%
FARGO, ND-MN (FHA|USDA|VA) 4 $640,000 $160,000 $2,708 4.12%
Edwards, CO (FHA|USDA|VA) 2 $630,000 $315,000 $3,600 2.93%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $625,000 $625,000 $5,541 4.38%
BISMARCK, ND (FHA|USDA|VA) 3 $625,000 $208,333 $2,628 2.87%
FLINT, MI (FHA|USDA|VA) 2 $620,000 $310,000 $2,747 4.50%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 3 $615,000 $205,000 $2,507 3.71%
BEND, OR (FHA|USDA|VA) 2 $610,000 $305,000 $0 5.12%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 3 $605,000 $201,667 $3,052 2.58%
BELLINGHAM, WA (FHA|USDA|VA) 3 $605,000 $201,667 $0 4.33%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $600,000 $300,000 $4,399 5.94%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 2 $590,000 $295,000 $3,386 6.31%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 5 $575,000 $115,000 $3,102 4.47%
WINSTON-SALEM, NC (FHA|USDA|VA) 3 $575,000 $191,667 $3,423 4.67%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $560,000 $280,000 $2,676 4.94%
Kalispell, MT (FHA|USDA|VA) 1 $555,000 $555,000 $4,434 5.25%
GLENS FALLS, NY (FHA|USDA|VA) 1 $555,000 $555,000 $5,541 4.13%
Bozeman, MT (FHA|USDA|VA) 1 $535,000 $535,000 $3,759 5.50%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $530,000 $265,000 $2,325 5.13%
SALT LAKE CITY, UT (FHA|USDA|VA) 3 $505,000 $168,333 $3,640 3.08%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 3 $495,000 $165,000 $3,275 3.04%
New Ulm, MN (FHA|USDA|VA) 3 $495,000 $165,000 $2,943 5.79%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $490,000 $245,000 $2,545 3.69%
LOUISVILLE, KY (FHA|USDA|VA) 3 $485,000 $161,667 $2,918 3.87%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 4 $480,000 $120,000 $2,892 4.50%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $460,000 $230,000 $2,976 1.68%
WENATCHEE, WA (FHA|USDA|VA) 1 $455,000 $455,000 $3,908 4.63%
FORT WAYNE, IN (FHA|USDA|VA) 2 $450,000 $225,000 $2,094 5.19%
Big Rapids, MI (FHA|USDA|VA) 1 $445,000 $445,000 $3,335 2.88%
SALEM, OR (FHA|USDA|VA) 1 $445,000 $445,000 $4,723 4.75%
PROVO-OREM, UT (FHA|USDA|VA) 1 $445,000 $445,000 $3,339 3.50%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 3 $435,000 $145,000 $3,899 4.12%
Bemidji, MN (FHA|USDA|VA) 2 $410,000 $205,000 $2,884 3.81%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 5 $395,000 $79,000 $0 2.94%
Montrose, CO (FHA|USDA|VA) 1 $385,000 $385,000 $3,558 3.88%
Morehead City, NC (FHA|USDA|VA) 1 $385,000 $385,000 $3,661 4.38%
GRAND ISLAND, NE (FHA|USDA|VA) 1 $385,000 $385,000 $2,346 3.50%
WILMINGTON, NC (FHA|USDA|VA) 2 $370,000 $185,000 $2,809 4.38%
JACKSON, MI (FHA|USDA|VA) 3 $355,000 $118,333 $2,961 5.50%
IDAHO FALLS, ID (FHA|USDA|VA) 2 $350,000 $175,000 $3,763 5.19%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $345,000 $345,000 $1,822 5.25%
YAKIMA, WA (FHA|USDA|VA) 1 $345,000 $345,000 $3,087 3.25%
GRAND FORKS, ND-MN (FHA|USDA|VA) 3 $315,000 $105,000 $3,106 6.63%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $315,000 $315,000 $4,261 4.88%
COLUMBIA, MO (FHA|USDA|VA) 1 $315,000 $315,000 $2,025 4.63%
LEBANON, PA (FHA|USDA|VA) 1 $305,000 $305,000 $4,798 4.63%
Austin, MN (FHA|USDA|VA) 1 $295,000 $295,000 $3,683 3.75%
Jefferson, GA (FHA|USDA|VA) 1 $295,000 $295,000 $2,161 3.50%
RAPID CITY, SD (FHA|USDA|VA) 1 $285,000 $285,000 $3,498 4.00%
RICHMOND, VA (FHA|USDA|VA) 1 $285,000 $285,000 $3,075 4.38%
VALLEJO, CA (FHA|USDA|VA) 2 $280,000 $140,000 $0 4.12%
Show Low, AZ (FHA|USDA|VA) 1 $275,000 $275,000 $3,323 4.63%
KNOXVILLE, TN (FHA|USDA|VA) 3 $275,000 $91,667 $0 5.25%
Traverse City, MI (FHA|USDA|VA) 3 $265,000 $88,333 $0 2.49%
TOLEDO, OH (FHA|USDA|VA) 2 $260,000 $130,000 $3,027 5.75%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $255,000 $255,000 $3,595 5.00%
Aberdeen, WA (FHA|USDA|VA) 1 $255,000 $255,000 $3,836 5.00%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $255,000 $255,000 $3,051 3.63%
GREAT FALLS, MT (FHA|USDA|VA) 1 $255,000 $255,000 $2,595 5.63%
Stevens Point, WI (FHA|USDA|VA) 1 $245,000 $245,000 $2,816 3.63%
Menomonie, WI (FHA|USDA|VA) 1 $245,000 $245,000 $2,960 5.25%
AKRON, OH (FHA|USDA|VA) 1 $245,000 $245,000 $2,808 4.75%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $245,000 $245,000 $0 3.49%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $225,000 $225,000 $3,254 3.13%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $220,000 $110,000 $3,523 4.06%
GREEN BAY, WI (FHA|USDA|VA) 2 $210,000 $105,000 $2,375 3.43%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $205,000 $205,000 $3,430 3.75%
YUMA, AZ (FHA|USDA|VA) 2 $190,000 $95,000 $0 4.13%
VICTORIA, TX (FHA|USDA|VA) 1 $185,000 $185,000 $3,293 4.13%
Macomb, IL (FHA|USDA|VA) 1 $185,000 $185,000 $2,502 4.88%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $185,000 $185,000 $2,101 3.13%
Sheridan, WY (FHA|USDA|VA) 2 $180,000 $90,000 $0 5.63%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $175,000 $175,000 $3,219 3.75%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $175,000 $175,000 $2,236 5.00%
Key West, FL (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.99%
STOCKTON, CA (FHA|USDA|VA) 2 $170,000 $85,000 $0 2.24%
Burlington, IA-IL (FHA|USDA|VA) 2 $170,000 $85,000 $2,340 3.75%
Albert Lea, MN (FHA|USDA|VA) 2 $170,000 $85,000 $2,643 4.93%
NILES, MI (FHA|USDA|VA) 1 $165,000 $165,000 $0 6.75%
BOISE CITY, ID (FHA|USDA|VA) 1 $165,000 $165,000 $2,551 2.88%
GOLDSBORO, NC (FHA|USDA|VA) 1 $165,000 $165,000 $2,576 5.25%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $165,000 $165,000 $2,731 5.25%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 2 $160,000 $80,000 $0 4.00%
Willmar, MN (FHA|USDA|VA) 2 $160,000 $80,000 $2,604 4.25%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $155,000 $155,000 $2,823 3.88%
BILLINGS, MT (FHA|USDA|VA) 1 $155,000 $155,000 $0 2.99%
Port Angeles, WA (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.49%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.25%
Breckenridge, CO (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.75%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $155,000 $155,000 $0 7.25%
Winona, MN (FHA|USDA|VA) 1 $155,000 $155,000 $2,622 5.00%
Watertown, SD (FHA|USDA|VA) 1 $145,000 $145,000 $2,520 3.75%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $145,000 $145,000 $2,644 3.38%
Ellensburg, WA (FHA|USDA|VA) 1 $145,000 $145,000 $0 3.75%
Forest City, NC (FHA|USDA|VA) 1 $135,000 $135,000 $0 5.99%
Jamestown, ND (FHA|USDA|VA) 1 $135,000 $135,000 $2,579 4.88%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $125,000 $125,000 $2,865 4.63%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $105,000 $105,000 $2,608 3.13%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $105,000 $105,000 $2,709 6.38%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $105,000 $105,000 $3,102 3.38%
Craig, CO (FHA|USDA|VA) 1 $105,000 $105,000 $2,106 5.50%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.49%
Outside of Metro Areas 1 $105,000 $105,000 $0 0.99%
Sterling, IL (FHA|USDA|VA) 1 $95,000 $95,000 $2,648 3.88%
Albemarle, NC (FHA|USDA|VA) 1 $85,000 $85,000 $3,226 5.00%
Thomaston, GA (FHA|USDA|VA) 1 $85,000 $85,000 $2,386 2.88%
TULSA, OK (FHA|USDA|VA) 1 $85,000 $85,000 $2,745 4.00%
Warrensburg, MO (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.50%
FORT COLLINS, CO (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.99%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.50%
PITTSBURGH, PA (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.00%
Moultrie, GA (FHA|USDA|VA) 1 $75,000 $75,000 $2,881 2.88%
Whitewater, WI (FHA|USDA|VA) 1 $65,000 $65,000 $0 1.99%
YUBA CITY, CA (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.00%
Shelton, WA (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.75%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.50%
Mason City, IA (FHA|USDA|VA) 1 $55,000 $55,000 $2,650 4.75%
Alpena, MI (FHA|USDA|VA) 1 $55,000 $55,000 $0 2.99%
Baraboo, WI (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.49%
GAINESVILLE, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.49%
COLUMBIA, SC (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.50%
Douglas, GA (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.99%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.49%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.50%
Durango, CO (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.99%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.75%
LIMA, OH (FHA|USDA|VA) 1 $55,000 $55,000 $2,787 3.88%
Wooster, OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 8.00%
LAS CRUCES, NM (FHA|USDA|VA) 1 $45,000 $45,000 $2,081 5.38%
Yankton, SD (FHA|USDA|VA) 1 $35,000 $35,000 $2,143 4.88%
Branson, MO (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.99%
Moses Lake, WA (FHA|USDA|VA) 1 $25,000 $25,000 $0 8.00%
DALTON, GA (FHA|USDA|VA) 1 $15,000 $15,000 $0 5.99%
Wings Financial's top markets include Minneapolis, Duluth, Atlanta, Faribault, and Seattle among others.

Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 2,979 $267,225,000 $89,703 n/a 4.58%
    Conventional 2,206 $798,570,000 $361,999 $3,272 4.26%

    For 2022, Wings Financial's most frequently originated type of loan was HELOC, with 2,979 originations. Their 2nd most popular type was Conventional, with 2,206 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,594 $605,630,000 $379,944 $3,518 4.54%
    Home Improvement 1,350 $114,780,000 $85,022 $0 4.45%
    Other 1,156 $92,150,000 $79,715 $0 4.68%
    Cash Out Refi 555 $162,805,000 $293,342 $2,790 3.69%
    Refi 530 $90,430,000 $170,623 $2,660 4.39%

    For 2022, Wings Financial's most frequently cited loan purpose was Home Purchase, with 1,594 originations. The 2nd most popular reason was Home Improvement, with 1,350 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 2,626 $260,720,000 $99,284 $2,950 4.37%
    30 Year 1,861 $607,085,000 $326,214 $3,366 4.42%
    15 Year 667 $76,055,000 $114,025 $2,693 4.83%
    10 Year 30 $118,090,000 $3,936,333 $2,469 3.80%
    5 Year 1 $3,845,000 $3,845,000 $0 5.39%

    For 2022, Wings Financial's most frequently cited loan duration was 20 Year, with 2,626 originations. The 2nd most popular length was 30 Year, with 1,861 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,052 $631,730,000 $307,861
    $1k-2k 108 $31,660,000 $293,148
    $2k-3k 25 $10,695,000 $427,800
    $3k-4k 4 $1,910,000 $477,500
    $4k-5k 3 $1,425,000 $475,000
    $5k+ 3 $1,715,000 $571,667

    Wings Financial's average total fees were $3,366, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,052 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,435 $341,675,000 $238,101
    4-5% 1,238 $376,930,000 $304,467
    5-6% 1,145 $185,545,000 $162,048
    <2.5% 486 $51,440,000 $105,844
    2.5-3% 299 $57,845,000 $193,462
    6-7% 276 $30,240,000 $109,565
    7-8% 228 $17,760,000 $77,895
    Over 8% 78 $4,360,000 $55,897

    During 2022, Wings Financial's average interest rate for loans was 4.42%, while their most frequently originated rate bucket for loans was 3-4%, with 1,435 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 2,074 $110,880,000 $53,462 $2,396 4.62%
    $200k-400k 1,388 $390,340,000 $281,225 $3,247 4.35%
    $100k-200k 1,224 $169,000,000 $138,072 $2,745 4.31%
    $400k-600k 356 $168,560,000 $473,483 $3,806 4.39%
    $600k-1MM 117 $84,795,000 $724,744 $4,588 4.14%
    $1MM+ 26 $142,220,000 $5,470,000 $5,751 4.08%

    2022 saw Wings Financial place emphasis on $100,000 or less loans with 2,074 originations, totaling $110,880,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,398 $257,500,000 $184,192 $3,315 4.52%
    $150k-250k 1,179 $252,145,000 $213,863 $3,587 4.35%
    $75k-100k 898 $141,040,000 $157,060 $3,143 4.54%
    $50k-75k 860 $113,550,000 $132,035 $2,972 4.45%
    $250k+ 483 $145,705,000 $301,667 $3,993 4.38%
    $50k or less 333 $31,645,000 $95,030 $2,712 4.29%

    Wings Financial lent most frequently to those with incomes in the $100k-150k range, with 1,398 originations. The second most popular income band? $150k-250k, with 1,179 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,256 $234,380,000 $186,608 $3,287 4.31%
    30-36% 962 $185,460,000 $192,786 $3,312 4.36%
    <20% 493 $84,155,000 $170,700 $3,034 4.06%
    50-60% 339 $38,305,000 $112,994 $3,272 4.82%
    38% 178 $36,500,000 $205,056 $3,366 4.61%
    40% 173 $37,825,000 $218,642 $3,452 4.78%
    42% 170 $34,220,000 $201,294 $3,307 4.70%
    36% 166 $32,520,000 $195,904 $3,208 4.36%
    41% 160 $29,690,000 $185,563 $3,342 4.62%
    37% 158 $31,380,000 $198,608 $3,366 4.56%
    44% 155 $31,715,000 $204,613 $3,282 4.66%
    43% 150 $30,340,000 $202,267 $3,344 4.62%
    39% 147 $28,115,000 $191,259 $3,152 4.48%
    46% 139 $25,175,000 $181,115 $3,246 4.71%
    45% 131 $22,015,000 $168,053 $3,224 4.36%
    48% 127 $19,115,000 $150,512 $3,071 4.62%
    47% 118 $20,260,000 $171,695 $3,360 4.55%
    49% 94 $16,790,000 $178,617 $3,341 4.55%
    >60% 53 $7,785,000 $146,887 $3,190 4.69%

    Wings Financial lent most frequently to those with DTI ratios of 20-30%, with 1,256 originations. The next most common DTI ratio? 30-36%, with 962 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,855 $700,865,000 $181,807 $3,248 4.42%
    Not provided 666 $133,720,000 $200,781 $3,383 4.36%
    Not applicable 14 $119,580,000 $8,541,429 $0 4.47%
    Black 299 $50,555,000 $169,080 $3,321 4.91%
    Asian 169 $32,095,000 $189,911 $3,237 4.52%
    American Indian 62 $9,130,000 $147,258 $3,264 4.83%
    Native Hawaiian or Islander 86 $8,630,000 $100,349 $0 4.25%
    Asian Indian 13 $5,555,000 $427,308 $3,728 4.32%
    Filipino 7 $2,805,000 $400,714 $3,275 3.95%
    Other Asian 8 $1,910,000 $238,750 $3,152 4.00%
    Japanese 2 $380,000 $190,000 $4,242 3.06%
    Other Pacific Islander 3 $355,000 $118,333 $0 3.91%
    Korean 1 $215,000 $215,000 $2,879 5.25%

    Approval Rates

    Total approvals of all applications
    91.24%

    Wings Financial has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.20%

    Wings Financial has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 21 $2,555,000 $121,667
    NA 5,164 $1,063,240,000 $205,895

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    5,185 $1,065,795,000 $205,554

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,064 $134,150,000 $126,081 $2,643 4.54%
    40-60% 397 $85,805,000 $216,134 $2,851 3.93%
    60-80% 759 $334,155,000 $440,257 $3,268 4.16%
    80-100% 1,069 $395,735,000 $370,192 $3,490 4.51%
    Under 20% 1,896 $115,950,000 $61,155 $2,486 4.57%