Wings Financial Mortgage Rates, Fees & Info

Apple Valley, MN

LEI: 549300HVW3AI97UKTO72

Tax ID: 41-6028665

5 stars - Updated: 7/11/24 - out of 5 stars, based on 60 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Wings Financial is a smaller mortgage company specializing in Home Purchase loans. Wings Financial has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Atlanta, Madison, Willmar, and Brainerd among others. We have data for 198 markets. (Some data included below & more in-depth data is available with an active subscription.)

Wings Financial has an 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 relatively high 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% 7/11/24
30 Year Conventional Purchase 6.33% 7/11/24
30 Year Conventional Refi 6.04% 7/11/24
30 Year Cash-out Refi 6.27% 7/11/24
15 Year Conventional Purchase 5.48% 7/11/24
15 Year Conventional Refi 5.73% 7/11/24
15 Year Cash-out Refi 5.73% 7/11/24
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

3,636

Origination Dollar Volume (All Markets)

$769,540,000
Show all (22) awards

Relative Rate

Wings Financial's average 30 year fixed mortgage rate was 5.93%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.55%.

Relative Fees (Closing Costs)

Wings Financial's average total fees/closing costs for a 30 year fixed rate mortgage were $3,931.

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 $9,089.

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) 2,438 $469,000,000 $192,371 $3,811 7.27%
Outside of Metro Areas 133 $21,605,000 $162,444 $3,260 7.20%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 97 $15,945,000 $164,381 $4,344 7.56%
MADISON, WI (FHA|USDA|VA) 40 $15,560,000 $389,000 $3,159 6.82%
Willmar, MN (FHA|USDA|VA) 4 $14,320,000 $3,580,000 $3,307 6.95%
Brainerd, MN (FHA|USDA|VA) 64 $12,690,000 $198,281 $3,548 6.64%
GREEN BAY, WI (FHA|USDA|VA) 5 $11,605,000 $2,321,000 $2,038 6.64%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 34 $10,200,000 $300,000 $4,043 7.31%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 40 $9,290,000 $232,250 $4,830 6.88%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 14 $7,470,000 $533,571 $6,507 5.82%
APPLETON, WI (FHA|USDA|VA) 21 $6,365,000 $303,095 $2,722 7.03%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 51 $5,975,000 $117,157 $3,837 7.42%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 12 $5,960,000 $496,667 $5,719 6.24%
DULUTH, MN-WI (FHA|USDA|VA) 30 $5,360,000 $178,667 $3,733 7.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 10 $5,240,000 $524,000 $7,989 6.73%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 18 $5,170,000 $287,222 $3,145 6.48%
Faribault-Northfield, MN (FHA|USDA|VA) 33 $5,165,000 $156,515 $3,879 7.16%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 17 $5,075,000 $298,529 $5,736 6.48%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 23 $4,465,000 $194,130 $6,010 7.40%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 14 $4,440,000 $317,143 $5,927 6.74%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 26 $4,350,000 $167,308 $5,296 8.56%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 14 $3,670,000 $262,143 $3,596 6.53%
ROCHESTER, MN (FHA|USDA|VA) 17 $3,595,000 $211,471 $3,171 6.26%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 7 $3,575,000 $510,714 $5,439 5.84%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 15 $3,445,000 $229,667 $5,132 7.25%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 17 $3,045,000 $179,118 $4,527 7.42%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 8 $3,030,000 $378,750 $3,452 6.05%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 8 $2,890,000 $361,250 $3,762 5.17%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 6 $2,840,000 $473,333 $6,554 6.42%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 7 $2,775,000 $396,429 $9,120 7.59%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 21 $2,545,000 $121,190 $4,271 7.40%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 10 $2,530,000 $253,000 $5,087 6.47%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 11 $2,275,000 $206,818 $3,026 7.35%
ST. CLOUD, MN (FHA|USDA|VA) 13 $2,035,000 $156,538 $3,099 7.24%
JACKSONVILLE, FL (FHA|USDA|VA) 7 $1,965,000 $280,714 $4,199 6.29%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 6 $1,890,000 $315,000 $6,297 5.77%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 5 $1,875,000 $375,000 $3,887 5.20%
Grand Rapids, MN (FHA|USDA|VA) 8 $1,690,000 $211,250 $3,699 6.95%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 3 $1,685,000 $561,667 $3,194 4.75%
KANSAS CITY, MO-KS (FHA|USDA|VA) 4 $1,660,000 $415,000 $2,811 5.44%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 7 $1,625,000 $232,143 $4,472 7.07%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 4 $1,620,000 $405,000 $3,202 5.88%
TUCSON, AZ (FHA|USDA|VA) 6 $1,610,000 $268,333 $4,386 6.04%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $1,605,000 $1,605,000 $5,383 5.13%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 3 $1,595,000 $531,667 $3,491 5.58%
THE VILLAGES, FL (FHA|USDA|VA) 3 $1,515,000 $505,000 $4,010 5.38%
ANCHORAGE, AK (FHA|USDA|VA) 5 $1,505,000 $301,000 $2,863 7.58%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $1,480,000 $740,000 $7,008 5.50%
OCALA, FL (FHA|USDA|VA) 6 $1,390,000 $231,667 $4,714 5.48%
LOUISVILLE, KY (FHA|USDA|VA) 5 $1,335,000 $267,000 $3,705 7.40%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $1,280,000 $640,000 $6,506 5.06%
PUNTA GORDA, FL (FHA|USDA|VA) 7 $1,275,000 $182,143 $6,228 8.09%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 5 $1,245,000 $249,000 $2,506 7.28%
Kalispell, MT (FHA|USDA|VA) 2 $1,240,000 $620,000 $5,424 6.56%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 8 $1,210,000 $151,250 $3,961 7.33%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $1,175,000 $391,667 $4,818 6.67%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 4 $1,170,000 $292,500 $5,771 7.13%
WINSTON-SALEM, NC (FHA|USDA|VA) 5 $1,075,000 $215,000 $3,316 7.40%
FORT COLLINS, CO (FHA|USDA|VA) 3 $1,065,000 $355,000 $3,399 4.33%
GAINESVILLE, FL (FHA|USDA|VA) 3 $1,035,000 $345,000 $4,455 5.71%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 5 $995,000 $199,000 $2,972 6.75%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $920,000 $460,000 $6,984 6.63%
SIOUX FALLS, SD (FHA|USDA|VA) 2 $910,000 $455,000 $3,312 5.69%
PITTSBURGH, PA (FHA|USDA|VA) 2 $880,000 $440,000 $7,215 6.00%
RICHMOND, VA (FHA|USDA|VA) 3 $845,000 $281,667 $4,487 7.63%
PANAMA CITY, FL (FHA|USDA|VA) 2 $830,000 $415,000 $4,715 4.94%
COLORADO SPRINGS, CO (FHA|USDA|VA) 4 $800,000 $200,000 $8,041 7.66%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $785,000 $785,000 $7,148 5.50%
WENATCHEE, WA (FHA|USDA|VA) 1 $775,000 $775,000 $7,225 5.88%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $770,000 $385,000 $4,209 6.50%
Baraboo, WI (FHA|USDA|VA) 3 $765,000 $255,000 $2,960 6.42%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 4 $750,000 $187,500 $4,177 7.38%
Torrington, CT (FHA|USDA|VA) 1 $725,000 $725,000 $17,477 5.25%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 3 $725,000 $241,667 $4,369 7.83%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 5 $725,000 $145,000 $2,336 6.50%
Owatonna, MN (FHA|USDA|VA) 4 $720,000 $180,000 $3,584 7.06%
Beaver Dam, WI (FHA|USDA|VA) 3 $715,000 $238,333 $2,939 6.92%
Red Wing, MN (FHA|USDA|VA) 5 $715,000 $143,000 $3,342 5.62%
Adrian, MI (FHA|USDA|VA) 4 $710,000 $177,500 $2,986 6.81%
MONROE, MI (FHA|USDA|VA) 6 $690,000 $115,000 $2,932 7.25%
Shawano, WI (FHA|USDA|VA) 1 $685,000 $685,000 $0 6.75%
RENO, NV (FHA|USDA|VA) 2 $670,000 $335,000 $3,632 6.50%
BEND, OR (FHA|USDA|VA) 1 $665,000 $665,000 $9,997 5.63%
COLUMBUS, OH (FHA|USDA|VA) 4 $650,000 $162,500 $3,542 7.62%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 8 $640,000 $80,000 $0 8.31%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 4 $640,000 $160,000 $4,504 5.21%
PROVO-OREM, UT (FHA|USDA|VA) 1 $615,000 $615,000 $3,797 4.88%
FOND DU LAC, WI (FHA|USDA|VA) 1 $615,000 $615,000 $2,039 7.63%
MISSOULA, MT (FHA|USDA|VA) 2 $610,000 $305,000 $3,940 6.50%
Alexandria, MN (FHA|USDA|VA) 3 $585,000 $195,000 $3,912 6.58%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 3 $575,000 $191,667 $3,368 7.17%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $560,000 $280,000 $4,141 6.44%
Helena, MT (FHA|USDA|VA) 1 $555,000 $555,000 $4,418 4.88%
Jefferson, GA (FHA|USDA|VA) 1 $535,000 $535,000 $4,092 5.38%
BURLINGTON, NC (FHA|USDA|VA) 1 $535,000 $535,000 $2,854 5.38%
Granbury, TX (FHA|USDA|VA) 2 $530,000 $265,000 $4,339 6.81%
Stevens Point, WI (FHA|USDA|VA) 2 $530,000 $265,000 $3,806 6.19%
Bemidji, MN (FHA|USDA|VA) 5 $435,000 $87,000 $3,167 5.02%
Pierre, SD (FHA|USDA|VA) 2 $420,000 $210,000 $4,182 5.37%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $415,000 $415,000 $4,521 4.75%
PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $415,000 $138,333 $4,361 7.29%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $415,000 $415,000 $4,027 5.75%
Alexander City, AL (FHA|USDA|VA) 1 $405,000 $405,000 $4,708 7.50%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $405,000 $405,000 $0 2.99%
Show Low, AZ (FHA|USDA|VA) 1 $405,000 $405,000 $3,073 5.75%
MANKATO, MN (FHA|USDA|VA) 4 $400,000 $100,000 $3,264 6.53%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $385,000 $385,000 $3,477 5.25%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $385,000 $385,000 $5,050 5.38%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $365,000 $365,000 $2,737 5.63%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $360,000 $180,000 $0 8.25%
FARGO, ND-MN (FHA|USDA|VA) 4 $360,000 $90,000 $0 8.56%
Whitewater, WI (FHA|USDA|VA) 1 $355,000 $355,000 $2,454 5.38%
CASPER, WY (FHA|USDA|VA) 1 $355,000 $355,000 $2,530 4.88%
DECATUR, AL (FHA|USDA|VA) 1 $355,000 $355,000 $2,804 4.88%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $355,000 $355,000 $5,013 5.00%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $345,000 $345,000 $6,499 5.25%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $345,000 $345,000 $3,277 5.50%
New Ulm, MN (FHA|USDA|VA) 2 $340,000 $170,000 $3,395 5.81%
Hutchinson, MN (FHA|USDA|VA) 4 $340,000 $85,000 $3,282 8.00%
Traverse City, MI (FHA|USDA|VA) 3 $335,000 $111,667 $2,359 8.29%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $330,000 $165,000 $3,311 7.75%
ANN ARBOR, MI (FHA|USDA|VA) 2 $320,000 $160,000 $3,362 4.93%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $315,000 $315,000 $0 8.25%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $315,000 $315,000 $3,594 5.25%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $310,000 $155,000 $0 8.88%
Hailey, ID (FHA|USDA|VA) 1 $305,000 $305,000 $0 8.25%
Edwards, CO (FHA|USDA|VA) 1 $305,000 $305,000 $0 8.25%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $305,000 $305,000 $2,621 5.25%
JACKSON, MI (FHA|USDA|VA) 1 $305,000 $305,000 $0 8.25%
Crossville, TN (FHA|USDA|VA) 1 $295,000 $295,000 $3,408 5.50%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 3 $295,000 $98,333 $2,812 5.33%
Mason City, IA (FHA|USDA|VA) 1 $295,000 $295,000 $3,120 4.88%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $290,000 $145,000 $2,419 8.75%
SPARTANBURG, SC (FHA|USDA|VA) 1 $285,000 $285,000 $4,859 5.50%
UTICA-ROME, NY (FHA|USDA|VA) 1 $285,000 $285,000 $4,474 5.38%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $280,000 $140,000 $3,159 7.25%
Oak Harbor, WA (FHA|USDA|VA) 1 $275,000 $275,000 $2,753 6.63%
Marshall, MN (FHA|USDA|VA) 1 $265,000 $265,000 $3,246 5.50%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $265,000 $265,000 $3,447 6.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $255,000 $255,000 $0 8.00%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $255,000 $255,000 $3,131 7.38%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $245,000 $245,000 $4,587 6.13%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $245,000 $245,000 $3,588 7.38%
Fergus Falls, MN (FHA|USDA|VA) 3 $245,000 $81,667 $2,713 8.00%
Boone, NC (FHA|USDA|VA) 2 $240,000 $120,000 $3,269 7.81%
Laurinburg, NC (FHA|USDA|VA) 1 $225,000 $225,000 $3,094 6.13%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $225,000 $225,000 $2,705 7.25%
Menomonie, WI (FHA|USDA|VA) 2 $220,000 $110,000 $3,494 8.94%
Fairmont, MN (FHA|USDA|VA) 1 $215,000 $215,000 $3,200 5.00%
Minot, ND (FHA|USDA|VA) 1 $215,000 $215,000 $2,365 5.38%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $215,000 $71,667 $0 8.33%
Fort Dodge, IA (FHA|USDA|VA) 1 $215,000 $215,000 $2,880 7.25%
BILLINGS, MT (FHA|USDA|VA) 1 $215,000 $215,000 $3,713 5.25%
FORT WAYNE, IN (FHA|USDA|VA) 1 $215,000 $215,000 $2,215 5.75%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 2 $210,000 $105,000 $0 8.25%
Heber, UT (FHA|USDA|VA) 1 $205,000 $205,000 $0 8.25%
BOISE CITY, ID (FHA|USDA|VA) 1 $205,000 $205,000 $0 8.00%
Key West, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 8.25%
BOULDER, CO (FHA|USDA|VA) 2 $180,000 $90,000 $0 5.50%
GRAND FORKS, ND-MN (FHA|USDA|VA) 3 $175,000 $58,333 $0 9.00%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $165,000 $165,000 $0 8.25%
SALEM, OR (FHA|USDA|VA) 1 $165,000 $165,000 $0 7.25%
Woodward, OK (FHA|USDA|VA) 1 $155,000 $155,000 $2,929 5.38%
Gillette, WY (FHA|USDA|VA) 1 $155,000 $155,000 $3,020 5.63%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $155,000 $155,000 $2,471 6.00%
Thomaston, GA (FHA|USDA|VA) 1 $145,000 $145,000 $0 8.25%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $140,000 $70,000 $0 9.88%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $135,000 $135,000 $0 8.25%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $135,000 $135,000 $2,450 5.75%
LANCASTER, PA (FHA|USDA|VA) 1 $125,000 $125,000 $3,392 5.25%
PITTSFIELD, MA (FHA|USDA|VA) 1 $125,000 $125,000 $0 9.75%
SAVANNAH, GA (FHA|USDA|VA) 2 $120,000 $60,000 $0 9.13%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.25%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.25%
Alpena, MI (FHA|USDA|VA) 1 $105,000 $105,000 $0 10.50%
VALDOSTA, GA (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.25%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $95,000 $95,000 $0 9.25%
KANKAKEE, IL (FHA|USDA|VA) 1 $85,000 $85,000 $2,845 5.88%
Carroll, IA (FHA|USDA|VA) 1 $75,000 $75,000 $0 10.00%
BELLINGHAM, WA (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.25%
STOCKTON, CA (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.99%
Easton, MD (FHA|USDA|VA) 1 $65,000 $65,000 $0 9.75%
RAPID CITY, SD (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.00%
Albert Lea, MN (FHA|USDA|VA) 1 $65,000 $65,000 $0 7.75%
DALTON, GA (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.25%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $55,000 $55,000 $0 10.25%
Shelton, WA (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.25%
Cookeville, TN (FHA|USDA|VA) 1 $55,000 $55,000 $0 8.25%
Corinth, MS (FHA|USDA|VA) 1 $55,000 $55,000 $0 11.00%
Statesboro, GA (FHA|USDA|VA) 1 $55,000 $55,000 $0 11.50%
RACINE, WI (FHA|USDA|VA) 1 $45,000 $45,000 $0 8.25%
WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $45,000 $45,000 $0 10.25%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $35,000 $35,000 $0 8.25%
Greenwood, SC (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.99%
MORRISTOWN, TN (FHA|USDA|VA) 1 $35,000 $35,000 $0 9.50%
Port Angeles, WA (FHA|USDA|VA) 1 $25,000 $25,000 $0 7.75%
Branson, MO (FHA|USDA|VA) 1 $25,000 $25,000 $0 10.50%
Sterling, IL (FHA|USDA|VA) 1 $15,000 $15,000 $0 8.25%
Wings Financial's top markets include Minneapolis, Atlanta, Madison, Willmar, and Brainerd among others.

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

    We use machine learning to identify the top lenders compared against WINGS FINANCIAL based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Michigan Legacy Credit Union
    Similarity Rank: 15
    North Shore Federal Credit Union
    Similarity Rank: 28
    South Metro Federal Credit Union
    Similarity Rank: 55
    Los Angeles Federal Credit Union
    Similarity Rank: 72
    Total Community Credit Union
    Similarity Rank: 94
    St James Mortgage Corporation
    Similarity Rank: 104
    MEMBERFOCUS COMMUNITY
    Similarity Rank: 162
    Dearborn Federal Savings Bank
    Similarity Rank: 184
    National Bank of Commerce
    Similarity Rank: 192

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 2,253 $199,185,000 $88,409 n/a 7.93%
    Conventional 1,383 $570,355,000 $412,404 $3,897 5.94%

    For 2023, Wings Financial's most frequently originated type of loan was HELOC, with 2,253 originations. Their 2nd most popular type was Conventional, with 1,383 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,273 $472,245,000 $370,970 $4,018 6.03%
    Other 1,034 $80,400,000 $77,756 $0 8.13%
    Home Improvement 865 $71,895,000 $83,116 $0 7.58%
    Refi 314 $80,890,000 $257,611 $2,966 8.08%
    Cash Out Refi 150 $64,110,000 $427,400 $3,152 6.02%

    For 2023, Wings Financial's most frequently cited loan purpose was Home Purchase, with 1,273 originations. The 2nd most popular reason was Other, with 1,034 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 1,978 $181,740,000 $91,881 $2,167 7.77%
    30 Year 1,283 $465,645,000 $362,935 $3,931 5.93%
    15 Year 343 $32,205,000 $93,892 $3,865 8.49%
    30+ year 13 $4,005,000 $308,077 $3,867 5.94%
    10 Year 9 $80,505,000 $8,945,000 $3,547 5.90%
    5 Year 6 $3,280,000 $546,667 $0 7.20%
    Other 2 $1,210,000 $605,000 $1,116 6.88%
    1 Year 1 $875,000 $875,000 $0 6.40%
    3 Year 1 $75,000 $75,000 $0 6.90%

    For 2023, Wings Financial's most frequently cited loan duration was 20 Year, with 1,978 originations. The 2nd most popular length was 30 Year, with 1,283 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 920 $330,960,000 $359,739
    $1k-2k 291 $88,125,000 $302,835
    $2k-3k 85 $31,595,000 $371,706
    $3k-4k 32 $13,010,000 $406,563
    $5k+ 24 $12,940,000 $539,167
    $4k-5k 18 $9,320,000 $517,778

    Wings Financial's average total fees were $3,931, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 920 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 1,251 $106,175,000 $84,872
    7-8% 774 $107,490,000 $138,876
    5-6% 738 $303,900,000 $411,789
    4-5% 405 $87,225,000 $215,370
    6-7% 349 $152,075,000 $435,745
    2.5-3% 91 $8,925,000 $98,077
    <2.5% 27 $3,075,000 $113,889
    3-4% 1 $675,000 $675,000

    During 2023, Wings Financial's average interest rate for loans was 5.93%, while their most frequently originated rate bucket for loans was Over 8%, with 1,251 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,553 $83,085,000 $53,500 $2,406 7.97%
    $200k-400k 858 $243,420,000 $283,706 $3,700 6.35%
    $100k-200k 784 $106,740,000 $136,148 $3,187 7.33%
    $400k-600k 285 $134,985,000 $473,632 $4,453 5.81%
    $600k-1MM 125 $88,865,000 $710,920 $5,043 5.58%
    $1MM+ 31 $112,445,000 $3,627,258 $6,820 5.47%

    2023 saw Wings Financial place emphasis on $100,000 or less loans with 1,553 originations, totaling $83,085,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,010 $173,720,000 $172,000 $3,805 7.22%
    $150k-250k 921 $211,675,000 $229,832 $4,260 6.96%
    $75k-100k 571 $78,945,000 $138,257 $3,605 7.44%
    $50k-75k 501 $57,935,000 $115,639 $3,346 7.33%
    $250k+ 405 $140,525,000 $346,975 $4,574 6.96%
    $50k or less 172 $13,650,000 $79,360 $2,935 7.43%

    Wings Financial lent most frequently to those with incomes in the $100k-150k range, with 1,010 originations. The second most popular income band? $150k-250k, with 921 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 759 $159,175,000 $209,717 $3,937 6.86%
    30-36% 653 $127,055,000 $194,571 $3,904 7.11%
    50-60% 330 $38,090,000 $115,424 $3,638 8.02%
    <20% 267 $46,985,000 $175,974 $3,537 6.56%
    40% 140 $30,750,000 $219,643 $4,166 7.27%
    42% 133 $25,795,000 $193,947 $4,006 7.41%
    39% 126 $29,160,000 $231,429 $4,204 6.88%
    45% 126 $20,190,000 $160,238 $3,962 7.76%
    44% 122 $24,600,000 $201,639 $3,943 7.17%
    37% 117 $25,185,000 $215,256 $4,100 6.75%
    43% 117 $24,285,000 $207,564 $3,799 7.04%
    36% 117 $27,905,000 $238,504 $3,929 6.92%
    48% 110 $17,550,000 $159,545 $3,777 7.74%
    46% 99 $15,115,000 $152,677 $3,678 7.44%
    38% 96 $19,680,000 $205,000 $4,029 7.05%
    49% 96 $13,570,000 $141,354 $3,978 7.77%
    41% 89 $19,825,000 $222,753 $3,749 7.33%
    47% 79 $13,145,000 $166,392 $3,395 7.60%
    >60% 43 $6,505,000 $151,279 $4,128 7.46%

    Wings Financial lent most frequently to those with DTI ratios of 20-30%, with 759 originations. The next most common DTI ratio? 30-36%, with 653 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,609 $484,015,000 $185,517 $3,805 7.15%
    Not provided 509 $103,795,000 $203,919 $4,084 7.05%
    Not applicable 18 $85,020,000 $4,723,333 $0 6.93%
    Black 205 $29,085,000 $141,878 $3,979 7.74%
    Asian 121 $28,995,000 $239,628 $4,206 7.21%
    Asian Indian 46 $24,150,000 $525,000 $4,573 5.50%
    Native Hawaiian or Islander 69 $6,495,000 $94,130 $3,652 8.20%
    American Indian 48 $5,630,000 $117,292 $4,056 7.75%
    Other Asian 7 $1,875,000 $267,857 $4,058 6.71%
    Korean 1 $305,000 $305,000 $3,032 6.63%
    Other Pacific Islander 3 $175,000 $58,333 $0 8.00%

    Approval Rates

    Total approvals of all applications
    89.97%

    Wings Financial has an average approval rate.

    Pick Rate

    Approvals leading to origination
    68.87%

    Wings Financial has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 19 $2,075,000 $109,211
    NA 3,617 $767,465,000 $212,183

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,636 $769,540,000 $211,645

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 732 $89,430,000 $122,172 $2,997 7.78%
    40-60% 222 $56,960,000 $256,577 $3,612 6.69%
    60-80% 471 $243,585,000 $517,166 $3,888 6.16%
    80-100% 754 $289,070,000 $383,382 $4,076 5.92%
    Under 20% 1,457 $90,495,000 $62,111 $1,747 7.93%