Wings Financial Mortgage Rates, Fees & Info

Apple Valley, MN

LEI: 549300HVW3AI97UKTO72

Tax ID: 41-6028665

5 stars - out of 5 stars, based on 78 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Wings Financial is a small mortgage company specializing in Refi, Cash Out Refi, and Home Purchase loans. Wings Financial has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Rochester, Atlanta, Faribault, and Seattle among others. We have data for 217 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 an average 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) 6.29% 10/3/22
    30 Year Conventional Purchase 6.38% 10/3/22
    30 Year Conventional Refi 6.36% 10/3/22
    30 Year Cash-out Refi 6.30% 10/3/22
    30 Year VA Purchase 6.29% 10/3/22
    15 Year Conventional Purchase 6.09% 10/3/22
    15 Year Conventional Refi 6.13% 10/3/22
    15 Year Cash-out Refi 6.13% 10/3/22
    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.


    Originations

    6,083

    Origination Dollar Volume (All Markets)

    $1,366,815,000
    Show all (22) awards

    Relative Rate

    Wings Financial's average 30 year fixed mortgage rate was 2.87%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.28%.

    Relative Fees (Closing Costs)

    Wings Financial's average total fees/closing costs for a 30 year fixed rate mortgage were $3,214.

    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) 4,568 $969,690,000 $212,279 $2,914 2.90%
    ROCHESTER, MN (FHA|USDA|VA) 19 $35,085,000 $1,846,579 $2,975 2.74%
    Outside of Metro Areas 180 $31,950,000 $177,500 $2,965 2.81%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 115 $21,705,000 $188,739 $3,363 3.02%
    Faribault-Northfield, MN (FHA|USDA|VA) 58 $19,850,000 $342,241 $2,878 2.95%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 68 $19,420,000 $285,588 $3,452 3.03%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 66 $18,860,000 $285,758 $4,426 2.80%
    Brainerd, MN (FHA|USDA|VA) 75 $16,755,000 $223,400 $3,474 3.02%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 125 $15,335,000 $122,680 $2,923 2.93%
    Hutchinson, MN (FHA|USDA|VA) 7 $13,195,000 $1,885,000 $2,748 2.96%
    Alexandria, MN (FHA|USDA|VA) 9 $9,455,000 $1,050,556 $3,001 3.08%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 37 $9,025,000 $243,919 $4,112 2.79%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 17 $8,145,000 $479,118 $4,954 2.77%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 32 $7,500,000 $234,375 $3,616 2.79%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 23 $7,115,000 $309,348 $3,131 2.68%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 36 $7,080,000 $196,667 $4,099 3.37%
    DULUTH, MN-WI (FHA|USDA|VA) 44 $6,150,000 $139,773 $2,926 2.77%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 15 $5,405,000 $360,333 $4,343 2.92%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 13 $5,205,000 $400,385 $3,567 2.77%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 16 $4,960,000 $310,000 $3,212 3.25%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 22 $4,450,000 $202,273 $3,237 2.84%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 13 $4,205,000 $323,462 $5,631 2.68%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 14 $3,770,000 $269,286 $5,172 2.77%
    Red Wing, MN (FHA|USDA|VA) 16 $3,670,000 $229,375 $3,170 2.81%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 21 $3,195,000 $152,143 $3,508 3.07%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 12 $3,190,000 $265,833 $3,060 2.90%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 15 $2,875,000 $191,667 $3,441 3.09%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 10 $2,730,000 $273,000 $3,391 2.67%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 9 $2,595,000 $288,333 $3,627 2.97%
    Grand Rapids, MN (FHA|USDA|VA) 10 $2,480,000 $248,000 $2,978 2.58%
    ANN ARBOR, MI (FHA|USDA|VA) 9 $2,395,000 $266,111 $3,188 2.71%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 4 $2,340,000 $585,000 $5,204 2.75%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 9 $2,195,000 $243,889 $3,509 2.64%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 4 $2,170,000 $542,500 $3,857 2.72%
    RENO, NV (FHA|USDA|VA) 4 $2,120,000 $530,000 $3,687 3.06%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 5 $2,105,000 $421,000 $4,793 2.90%
    BEND, OR (FHA|USDA|VA) 3 $1,985,000 $661,667 $6,128 2.58%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 6 $1,980,000 $330,000 $4,515 2.48%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 8 $1,950,000 $243,750 $3,478 2.89%
    TUCSON, AZ (FHA|USDA|VA) 8 $1,770,000 $221,250 $3,454 2.59%
    Key West, FL (FHA|USDA|VA) 2 $1,660,000 $830,000 $6,314 2.56%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 6 $1,650,000 $275,000 $5,142 2.64%
    Willmar, MN (FHA|USDA|VA) 4 $1,630,000 $407,500 $3,679 2.47%
    PUNTA GORDA, FL (FHA|USDA|VA) 7 $1,615,000 $230,714 $3,870 2.79%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 5 $1,575,000 $315,000 $3,583 2.40%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 4 $1,480,000 $370,000 $2,913 2.78%
    BOULDER, CO (FHA|USDA|VA) 3 $1,465,000 $488,333 $3,296 3.25%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 7 $1,415,000 $202,143 $3,291 2.91%
    Bozeman, MT (FHA|USDA|VA) 3 $1,275,000 $425,000 $3,675 2.75%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 5 $1,265,000 $253,000 $3,195 2.44%
    KNOXVILLE, TN (FHA|USDA|VA) 3 $1,235,000 $411,667 $3,436 2.67%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 3 $1,175,000 $391,667 $4,017 3.16%
    ST. CLOUD, MN (FHA|USDA|VA) 8 $1,150,000 $143,750 $3,599 2.92%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 6 $1,140,000 $190,000 $3,728 2.44%
    THE VILLAGES, FL (FHA|USDA|VA) 6 $1,140,000 $190,000 $3,480 2.71%
    ANCHORAGE, AK (FHA|USDA|VA) 4 $1,070,000 $267,500 $3,175 2.47%
    BRUNSWICK, GA (FHA|USDA|VA) 2 $1,060,000 $530,000 $5,485 2.56%
    MONROE, MI (FHA|USDA|VA) 9 $1,055,000 $117,222 $2,784 3.19%
    Port Angeles, WA (FHA|USDA|VA) 2 $1,020,000 $510,000 $4,263 2.75%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 3 $1,005,000 $335,000 $3,111 2.41%
    Outside of Metro Areas 4 $1,000,000 $250,000 $3,285 2.59%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 3 $985,000 $328,333 $2,960 2.75%
    Shelton, WA (FHA|USDA|VA) 2 $980,000 $490,000 $3,532 2.75%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 6 $950,000 $158,333 $2,515 2.96%
    RALEIGH-CARY, NC (FHA|USDA|VA) 4 $940,000 $235,000 $3,202 3.25%
    MANKATO, MN (FHA|USDA|VA) 5 $905,000 $181,000 $3,169 2.87%
    Adrian, MI (FHA|USDA|VA) 3 $885,000 $295,000 $3,080 2.63%
    APPLETON, WI (FHA|USDA|VA) 3 $865,000 $288,333 $2,882 2.83%
    BELLINGHAM, WA (FHA|USDA|VA) 3 $845,000 $281,667 $3,174 2.29%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $815,000 $271,667 $3,151 2.83%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 3 $805,000 $268,333 $2,652 2.79%
    Fergus Falls, MN (FHA|USDA|VA) 6 $800,000 $133,333 $3,026 3.00%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 4 $750,000 $187,500 $2,336 2.90%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $740,000 $370,000 $2,860 2.75%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 3 $725,000 $241,667 $3,352 2.92%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $700,000 $350,000 $2,452 2.81%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 2 $690,000 $345,000 $3,268 2.63%
    PANAMA CITY, FL (FHA|USDA|VA) 2 $660,000 $330,000 $3,589 2.63%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $660,000 $330,000 $4,226 2.88%
    WINCHESTER, VA-WV (FHA|USDA|VA) 2 $650,000 $325,000 $3,365 2.88%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 4 $650,000 $162,500 $3,559 3.19%
    SAVANNAH, GA (FHA|USDA|VA) 4 $640,000 $160,000 $3,299 3.87%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 3 $635,000 $211,667 $4,054 2.54%
    Durango, CO (FHA|USDA|VA) 1 $605,000 $605,000 $3,146 2.50%
    WILMINGTON, NC (FHA|USDA|VA) 2 $590,000 $295,000 $3,216 2.63%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 3 $585,000 $195,000 $3,682 3.33%
    EAU CLAIRE, WI (FHA|USDA|VA) 5 $565,000 $113,000 $2,615 2.82%
    PUEBLO, CO (FHA|USDA|VA) 3 $555,000 $185,000 $2,986 2.50%
    GREEN BAY, WI (FHA|USDA|VA) 3 $555,000 $185,000 $2,788 2.71%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $550,000 $275,000 $4,574 4.56%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 4 $550,000 $137,500 $2,778 2.59%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 3 $545,000 $181,667 $2,332 2.50%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $510,000 $255,000 $3,853 2.94%
    JACKSONVILLE, FL (FHA|USDA|VA) 3 $505,000 $168,333 $3,106 4.04%
    ALBUQUERQUE, NM (FHA|USDA|VA) 3 $495,000 $165,000 $3,898 2.50%
    Kalispell, MT (FHA|USDA|VA) 1 $495,000 $495,000 $4,034 2.63%
    Pella, IA (FHA|USDA|VA) 1 $495,000 $495,000 $2,744 2.25%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 2 $490,000 $245,000 $3,404 2.50%
    SIOUX FALLS, SD (FHA|USDA|VA) 2 $490,000 $245,000 $2,756 2.75%
    Oak Harbor, WA (FHA|USDA|VA) 2 $490,000 $245,000 $2,707 2.25%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $480,000 $240,000 $4,091 2.75%
    TALLAHASSEE, FL (FHA|USDA|VA) 2 $460,000 $230,000 $3,380 2.93%
    WACO, TX (FHA|USDA|VA) 1 $455,000 $455,000 $4,847 2.13%
    FARGO, ND-MN (FHA|USDA|VA) 3 $435,000 $145,000 $3,119 3.08%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 2 $430,000 $215,000 $3,358 2.69%
    AMES, IA (FHA|USDA|VA) 1 $425,000 $425,000 $2,640 2.38%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 3 $425,000 $141,667 $2,801 2.50%
    STOCKTON, CA (FHA|USDA|VA) 2 $420,000 $210,000 $2,518 2.88%
    PITTSBURGH, PA (FHA|USDA|VA) 2 $420,000 $210,000 $3,630 2.50%
    WARNER ROBINS, GA (FHA|USDA|VA) 2 $420,000 $210,000 $3,453 3.56%
    COLUMBIA, SC (FHA|USDA|VA) 2 $420,000 $210,000 $3,282 2.81%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $415,000 $415,000 $4,163 3.13%
    FRESNO, CA (FHA|USDA|VA) 1 $415,000 $415,000 $2,336 2.75%
    Edwards, CO (FHA|USDA|VA) 1 $415,000 $415,000 $3,666 2.50%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $390,000 $195,000 $2,553 2.50%
    MORRISTOWN, TN (FHA|USDA|VA) 1 $385,000 $385,000 $3,786 3.00%
    Marshall, MN (FHA|USDA|VA) 2 $380,000 $190,000 $2,672 3.25%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $375,000 $375,000 $2,041 3.00%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $370,000 $185,000 $2,956 2.31%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $365,000 $365,000 $2,735 2.63%
    DALTON, GA (FHA|USDA|VA) 1 $355,000 $355,000 $3,349 2.75%
    SANTA FE, NM (FHA|USDA|VA) 1 $345,000 $345,000 $3,628 2.88%
    OCALA, FL (FHA|USDA|VA) 2 $340,000 $170,000 $3,408 2.94%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $335,000 $335,000 $3,527 2.38%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $335,000 $335,000 $3,940 2.50%
    Menomonie, WI (FHA|USDA|VA) 2 $330,000 $165,000 $2,166 3.69%
    Traverse City, MI (FHA|USDA|VA) 2 $330,000 $165,000 $3,285 3.43%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $330,000 $165,000 $3,165 1.75%
    Hudson, NY (FHA|USDA|VA) 1 $325,000 $325,000 $4,024 2.63%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 2 $320,000 $160,000 $3,324 4.12%
    Ketchikan, AK (FHA|USDA|VA) 1 $315,000 $315,000 $3,756 2.88%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $315,000 $315,000 $4,219 2.88%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 2 $310,000 $155,000 $3,001 2.31%
    Spirit Lake, IA (FHA|USDA|VA) 1 $305,000 $305,000 $2,415 3.13%
    TOLEDO, OH (FHA|USDA|VA) 3 $305,000 $101,667 $2,694 3.13%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $300,000 $150,000 $3,135 2.75%
    Russellville, AR (FHA|USDA|VA) 1 $295,000 $295,000 $3,171 2.63%
    Helena, MT (FHA|USDA|VA) 1 $295,000 $295,000 $3,890 2.63%
    Marquette, MI (FHA|USDA|VA) 1 $295,000 $295,000 $2,838 2.38%
    Montrose, CO (FHA|USDA|VA) 1 $285,000 $285,000 $2,241 2.88%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $285,000 $285,000 $5,806 3.13%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $285,000 $285,000 $3,200 2.63%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $275,000 $275,000 $3,203 2.88%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $275,000 $275,000 $3,036 2.25%
    Beaver Dam, WI (FHA|USDA|VA) 1 $275,000 $275,000 $2,391 2.88%
    Whitewater, WI (FHA|USDA|VA) 1 $275,000 $275,000 $2,501 2.38%
    ROANOKE, VA (FHA|USDA|VA) 1 $265,000 $265,000 $3,022 2.25%
    Houghton, MI (FHA|USDA|VA) 1 $265,000 $265,000 $2,666 2.13%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $265,000 $265,000 $3,414 3.13%
    Jefferson, GA (FHA|USDA|VA) 2 $260,000 $130,000 $2,928 3.18%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $255,000 $255,000 $3,107 2.63%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $255,000 $255,000 $3,732 2.38%
    BISMARCK, ND (FHA|USDA|VA) 1 $255,000 $255,000 $3,411 2.63%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $245,000 $245,000 $2,765 2.63%
    LAWRENCE, KS (FHA|USDA|VA) 1 $245,000 $245,000 $3,096 2.63%
    ODESSA, TX (FHA|USDA|VA) 1 $245,000 $245,000 $3,449 2.38%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $245,000 $245,000 $3,479 2.88%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $235,000 $235,000 $2,348 2.63%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 3 $235,000 $78,333 $0 3.74%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $225,000 $225,000 $2,625 2.38%
    JACKSON, MI (FHA|USDA|VA) 3 $225,000 $75,000 $2,588 2.33%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2 $220,000 $110,000 $2,631 2.56%
    HUNTSVILLE, AL (FHA|USDA|VA) 1 $215,000 $215,000 $2,746 3.25%
    Owatonna, MN (FHA|USDA|VA) 1 $205,000 $205,000 $2,926 2.88%
    Glenwood Springs, CO (FHA|USDA|VA) 1 $205,000 $205,000 $3,166 2.75%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $195,000 $195,000 $2,466 2.38%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $195,000 $195,000 $2,997 2.75%
    BOISE CITY, ID (FHA|USDA|VA) 1 $195,000 $195,000 $3,179 2.50%
    Crossville, TN (FHA|USDA|VA) 1 $185,000 $185,000 $3,193 2.88%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $185,000 $185,000 $2,686 2.38%
    Fairmont, MN (FHA|USDA|VA) 1 $185,000 $185,000 $2,565 2.88%
    LEWISTON, ID-WA (FHA|USDA|VA) 1 $185,000 $185,000 $2,610 2.50%
    Laconia, NH (FHA|USDA|VA) 1 $185,000 $185,000 $2,982 2.88%
    Wahpeton, ND-MN (FHA|USDA|VA) 1 $175,000 $175,000 $2,738 3.25%
    Muskogee, OK (FHA|USDA|VA) 1 $175,000 $175,000 $4,042 2.88%
    Wilmington, OH (FHA|USDA|VA) 1 $175,000 $175,000 $3,497 3.00%
    Silver City, NM (FHA|USDA|VA) 1 $175,000 $175,000 $3,036 2.88%
    WHEELING, WV-OH (FHA|USDA|VA) 1 $175,000 $175,000 $3,446 2.75%
    Bemidji, MN (FHA|USDA|VA) 2 $160,000 $80,000 $2,915 2.31%
    Brookings, OR (FHA|USDA|VA) 1 $155,000 $155,000 $3,349 2.50%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.49%
    AKRON, OH (FHA|USDA|VA) 1 $155,000 $155,000 $2,906 2.50%
    Branson, MO (FHA|USDA|VA) 1 $155,000 $155,000 $2,415 2.50%
    CHICO, CA (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.49%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $155,000 $155,000 $0 1.99%
    MADISON, WI (FHA|USDA|VA) 2 $150,000 $75,000 $0 3.87%
    Oskaloosa, IA (FHA|USDA|VA) 1 $145,000 $145,000 $2,555 3.00%
    Winona, MN (FHA|USDA|VA) 1 $145,000 $145,000 $2,658 2.88%
    WALLA WALLA, WA (FHA|USDA|VA) 1 $135,000 $135,000 $2,578 2.88%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $135,000 $135,000 $2,811 2.25%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $135,000 $135,000 $2,950 2.63%
    Hillsdale, MI (FHA|USDA|VA) 1 $135,000 $135,000 $2,855 2.75%
    Albert Lea, MN (FHA|USDA|VA) 2 $130,000 $65,000 $2,098 2.50%
    La Grande, OR (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.49%
    HOT SPRINGS, AR (FHA|USDA|VA) 1 $105,000 $105,000 $2,294 3.00%
    VALLEJO, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.99%
    CARSON CITY, NV (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.49%
    SALEM, OR (FHA|USDA|VA) 1 $105,000 $105,000 $0 1.99%
    LANCASTER, PA (FHA|USDA|VA) 1 $105,000 $105,000 $3,458 2.63%
    Athens, TX (FHA|USDA|VA) 1 $105,000 $105,000 $3,207 2.88%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $95,000 $95,000 $2,968 2.75%
    GOLDSBORO, NC (FHA|USDA|VA) 1 $95,000 $95,000 $2,760 3.13%
    Stevens Point, WI (FHA|USDA|VA) 1 $85,000 $85,000 $3,037 2.50%
    Minot, ND (FHA|USDA|VA) 1 $85,000 $85,000 $3,018 2.38%
    LAFAYETTE, LA (FHA|USDA|VA) 1 $85,000 $85,000 $2,979 2.25%
    BILLINGS, MT (FHA|USDA|VA) 1 $85,000 $85,000 $2,336 2.50%
    GREELEY, CO (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.99%
    OCEAN CITY, NJ (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.99%
    COLUMBUS, GA-AL (FHA|USDA|VA) 1 $65,000 $65,000 $2,102 2.38%
    HARRISONBURG, VA (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.49%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.49%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.00%
    COLUMBUS, OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 1.99%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $45,000 $45,000 $0 1.99%
    Austin, MN (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.99%
    Ottawa, IL (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.99%
    BAY CITY, MI (FHA|USDA|VA) 1 $15,000 $15,000 $0 1.99%

    Wings Financial's top markets include Minneapolis, Rochester, Atlanta, Faribault, and Seattle among others.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,901 $1,076,345,000 $275,915 $3,039 2.74%
    HELOC 2,182 $290,470,000 $133,121 n/a 3.17%

    For 2021, Wings Financial's most frequently originated type of loan was Conventional, with 3,901 originations. Their 2nd most popular type was HELOC, with 2,182 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,556 $356,460,000 $229,087 $2,671 2.79%
    Cash Out Refi 1,463 $389,585,000 $266,292 $2,955 2.73%
    Home Purchase 1,225 $485,695,000 $396,486 $3,571 2.85%
    Home Improvement 1,023 $73,215,000 $71,569 $0 3.12%
    Other 816 $61,860,000 $75,809 $0 3.18%

    For 2021, Wings Financial's most frequently cited loan purpose was Refi, with 1,556 originations. The 2nd most popular reason was Cash Out Refi, with 1,463 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,531 $783,635,000 $309,615 $3,214 2.87%
    20 Year 2,290 $276,360,000 $120,681 $2,837 2.83%
    15 Year 1,100 $177,630,000 $161,482 $2,677 3.15%
    10 Year 154 $93,210,000 $605,260 $2,457 2.46%
    Other 6 $21,920,000 $3,653,333 $1,575 3.34%
    1 Year 1 $10,005,000 $10,005,000 $0 3.50%
    5 Year 1 $4,055,000 $4,055,000 $0 3.25%

    For 2021, Wings Financial's most frequently cited loan duration was 30 Year, with 2,531 originations. The 2nd most popular length was 20 Year, with 2,290 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 3,635 $1,008,525,000 $277,448
    $1k-2k 125 $24,285,000 $194,280
    $2k-3k 61 $15,895,000 $260,574
    $3k-4k 41 $10,895,000 $265,732
    $4k-5k 19 $7,425,000 $390,789
    $5k+ 19 $9,285,000 $488,684

    Wings Financial's average total fees were $3,214, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3,635 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 2,450 $709,090,000 $289,424
    <2.5% 1,953 $326,185,000 $167,017
    3-4% 1,211 $300,305,000 $247,981
    5-6% 251 $15,895,000 $63,327
    4-5% 190 $13,960,000 $73,474
    6-7% 18 $870,000 $48,333
    Over 8% 7 $405,000 $57,857
    7-8% 3 $105,000 $35,000

    During 2021, Wings Financial's average interest rate for loans was 2.87%, while their most frequently originated rate bucket for loans was 2.5-3%, with 2,450 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,064 $573,960,000 $278,081 $3,091 2.79%
    $100,000 or less 1,771 $97,575,000 $55,096 $2,265 3.17%
    $100k-200k 1,656 $244,350,000 $147,554 $2,626 2.76%
    $400k-600k 389 $183,405,000 $471,478 $3,672 2.78%
    $600k-1MM 154 $110,920,000 $720,260 $4,243 2.79%
    $1MM+ 49 $156,605,000 $3,196,020 $6,650 2.91%

    2021 saw Wings Financial place emphasis on $200k-400k loans with 2,064 originations, totaling $573,960,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,652 $328,370,000 $198,771 $3,044 2.88%
    $150k-250k 1,250 $316,820,000 $253,456 $3,258 2.91%
    $50k-75k 1,091 $170,625,000 $156,393 $2,795 2.88%
    $75k-100k 1,006 $183,220,000 $182,127 $2,926 2.89%
    $250k+ 498 $177,520,000 $356,466 $3,896 2.89%
    $50k or less 467 $54,545,000 $116,799 $2,639 2.91%

    Wings Financial lent most frequently to those with incomes in the $100k-150k range, with 1,652 originations. The second most popular income band? $150k-250k, with 1,250 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,829 $388,325,000 $212,315 $3,001 2.82%
    30-36% 1,187 $249,515,000 $210,206 $3,096 2.88%
    <20% 859 $177,685,000 $206,851 $2,921 2.74%
    36% 188 $39,020,000 $207,553 $2,914 3.06%
    50-60% 180 $24,410,000 $135,611 $3,870 3.22%
    39% 177 $37,295,000 $210,706 $3,047 2.92%
    37% 169 $40,975,000 $242,456 $3,199 2.97%
    44% 167 $35,505,000 $212,605 $3,070 3.06%
    41% 166 $34,720,000 $209,157 $3,091 2.97%
    42% 163 $35,795,000 $219,601 $3,243 3.10%
    40% 161 $33,715,000 $209,410 $3,158 2.98%
    38% 151 $30,535,000 $202,219 $3,179 2.89%
    43% 145 $28,835,000 $198,862 $2,940 3.03%
    46% 132 $23,020,000 $174,394 $2,988 3.18%
    45% 113 $23,445,000 $207,478 $3,046 2.99%
    47% 93 $16,145,000 $173,602 $3,008 2.96%
    48% 74 $13,400,000 $181,081 $2,905 2.98%
    49% 72 $10,640,000 $147,778 $3,051 2.94%
    >60% 33 $7,345,000 $222,576 $4,532 3.17%

    Wings Financial lent most frequently to those with DTI ratios of 20-30%, with 1,829 originations. The next most common DTI ratio? 30-36%, with 1,187 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,646 $964,650,000 $207,630 $3,029 2.87%
    Not provided 768 $178,530,000 $232,461 $3,108 2.93%
    Not applicable 22 $116,010,000 $5,273,182 $0 3.44%
    Black 286 $49,240,000 $172,168 $3,042 3.02%
    Asian 174 $33,170,000 $190,632 $2,998 2.98%
    Native Hawaiian or Islander 111 $10,815,000 $97,432 $2,827 3.11%
    American Indian 55 $9,915,000 $180,273 $3,073 2.96%
    Other Asian 7 $1,245,000 $177,857 $2,721 2.87%
    Asian Indian 4 $1,080,000 $270,000 $3,124 2.84%
    Japanese 2 $830,000 $415,000 $3,895 2.44%
    Filipino 3 $545,000 $181,667 $2,860 2.50%
    Korean 1 $285,000 $285,000 $0 3.49%
    Other Pacific Islander 2 $220,000 $110,000 $2,266 2.50%
    Vietnamese 1 $185,000 $185,000 $2,895 3.13%
    Chinese 1 $95,000 $95,000 $2,171 3.13%

    Approval Rates

    Total approvals of all applications
    91.83%

    Wings Financial has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.13%

    Wings Financial has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 6,083 $1,366,815,000 $224,694

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    6,083 $1,366,815,000 $224,694

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 900 $121,110,000 $134,567 $2,534 2.92%
    40-60% 937 $212,285,000 $226,558 $2,679 2.69%
    60-80% 1,848 $606,090,000 $327,971 $3,072 2.77%
    80-100% 1,005 $349,095,000 $347,358 $3,434 2.85%
    Under 20% 1,393 $78,235,000 $56,163 $2,382 3.20%