Wings Financial Mortgage Rates, Fees & Info
Apple Valley, MNLEI: 549300HVW3AI97UKTO72
Tax ID: 41-6028665
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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, Madison, Brainerd, Atlanta, and Detroit among others. We have data for 154 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.72% | 4/5/25 |
| 30 Year Conventional Purchase | 6.97% | 4/5/25 |
| 30 Year Conventional Refi | 6.64% | 4/5/25 |
| 30 Year Cash-out Refi | 6.36% | 4/5/25 |
| 30 Year VA Purchase | 6.72% | 4/5/25 |
| 15 Year Conventional Purchase | 6.32% | 4/5/25 |
| 15 Year Conventional Refi | 6.28% | 4/5/25 |
| 15 Year Cash-out Refi | 6.28% | 4/5/25 |
| 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
2,938Origination Dollar Volume (All Markets)
$596,050,000Awards
WINGS FINANCIAL - 2024
WINGS FINANCIAL is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Wings Financial's average 30 year fixed mortgage rate was
6.33%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.22%.
Relative Fees (Closing Costs)
Wings Financial's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,985.
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 $8,356.
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) | 1,989 | $375,625,000 | $188,851 | $3,985 | 8.22% |
| MADISON, WI (FHA|USDA|VA) | 87 | $33,215,000 | $381,782 | $2,966 | 7.07% |
| Outside of Metro Areas | 128 | $30,850,000 | $241,016 | $3,525 | 7.66% |
| Brainerd, MN (FHA|USDA|VA) | 59 | $13,095,000 | $221,949 | $4,025 | 7.60% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 60 | $9,190,000 | $153,167 | $4,240 | 8.73% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 58 | $5,490,000 | $94,655 | $3,273 | 9.08% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 16 | $5,070,000 | $316,875 | $3,214 | 6.88% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 10 | $4,780,000 | $478,000 | $6,448 | 7.90% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 16 | $4,760,000 | $297,500 | $6,673 | 7.84% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 37 | $4,675,000 | $126,351 | $3,630 | 8.65% |
| DULUTH, MN-WI (FHA|USDA|VA) | 25 | $4,505,000 | $180,200 | $3,654 | 8.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 27 | $4,275,000 | $158,333 | $4,447 | 8.39% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 11 | $4,255,000 | $386,818 | $5,587 | 7.08% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 17 | $4,245,000 | $249,706 | $4,262 | 8.26% |
| Baraboo, WI (FHA|USDA|VA) | 6 | $4,140,000 | $690,000 | $2,294 | 6.75% |
| APPLETON, WI (FHA|USDA|VA) | 13 | $3,985,000 | $306,538 | $2,151 | 7.13% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 17 | $3,925,000 | $230,882 | $5,869 | 7.73% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 12 | $3,380,000 | $281,667 | $4,713 | 8.27% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 19 | $3,195,000 | $168,158 | $4,488 | 8.78% |
| ROCHESTER, MN (FHA|USDA|VA) | 16 | $3,150,000 | $196,875 | $3,519 | 7.20% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 13 | $2,865,000 | $220,385 | $4,703 | 8.33% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 13 | $2,605,000 | $200,385 | $5,795 | 8.28% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 7 | $2,565,000 | $366,429 | $3,510 | 7.52% |
| ST. CLOUD, MN (FHA|USDA|VA) | 10 | $2,170,000 | $217,000 | $4,447 | 7.04% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 6 | $1,910,000 | $318,333 | $3,668 | 6.75% |
| PANAMA CITY, FL (FHA|USDA|VA) | 4 | $1,820,000 | $455,000 | $7,255 | 7.78% |
| GREEN BAY, WI (FHA|USDA|VA) | 4 | $1,780,000 | $445,000 | $3,198 | 7.19% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 6 | $1,720,000 | $286,667 | $5,712 | 7.42% |
| Hutchinson, MN (FHA|USDA|VA) | 11 | $1,695,000 | $154,091 | $3,986 | 7.94% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 6 | $1,660,000 | $276,667 | $2,829 | 6.90% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 6 | $1,620,000 | $270,000 | $3,980 | 7.94% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 5 | $1,475,000 | $295,000 | $2,927 | 7.08% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 10 | $1,470,000 | $147,000 | $4,527 | 8.38% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 6 | $1,430,000 | $238,333 | $3,577 | 7.92% |
| Grand Rapids, MN (FHA|USDA|VA) | 4 | $1,390,000 | $347,500 | $4,014 | 6.31% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 4 | $1,350,000 | $337,500 | $4,091 | 7.41% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $6,988 | 5.88% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 4 | $1,180,000 | $295,000 | $5,338 | 6.78% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 5 | $1,135,000 | $227,000 | $0 | 8.55% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $1,095,000 | $1,095,000 | $7,191 | 6.38% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $1,000,000 | $500,000 | $5,897 | 6.25% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $4,513 | 6.17% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 8 | $900,000 | $112,500 | $3,778 | 7.88% |
| FARGO, ND-MN (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $3,544 | 5.44% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $3,668 | 6.19% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $7,158 | 6.94% |
| Red Wing, MN (FHA|USDA|VA) | 5 | $865,000 | $173,000 | $3,557 | 7.90% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $4,271 | 7.66% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $4,918 | 7.00% |
| Alexandria, MN (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $3,660 | 6.63% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $3,969 | 7.56% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $0 | 5.84% |
| Owatonna, MN (FHA|USDA|VA) | 5 | $635,000 | $127,000 | $3,274 | 8.35% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $4,501 | 6.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $3,016 | 8.81% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $4,503 | 5.75% |
| Fergus Falls, MN (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $3,357 | 5.94% |
| WENATCHEE, WA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $0 | 8.75% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $4,317 | 7.08% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $6,382 | 6.75% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $5,438 | 6.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $3,306 | 7.38% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $2,959 | 5.75% |
| Bemidji, MN (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,650 | 7.63% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $2,027 | 6.31% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,891 | 6.31% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,605 | 5.63% |
| OCALA, FL (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $3,870 | 7.54% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,042 | 7.13% |
| ANN ARBOR, MI (FHA|USDA|VA) | 4 | $440,000 | $110,000 | $0 | 8.44% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $3,179 | 6.31% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $430,000 | $107,500 | $4,545 | 8.00% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 4 | $420,000 | $105,000 | $3,502 | 7.81% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,433 | 7.00% |
| Willmar, MN (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $3,889 | 7.69% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,519 | 5.88% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $2,934 | 6.38% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $2,332 | 5.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,170 | 6.63% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,017 | 7.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,610 | 7.63% |
| Newport, OR (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,985 | 6.38% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $0 | 7.92% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,519 | 5.63% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,066 | 7.25% |
| FOND DU LAC, WI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,644 | 6.63% |
| Menomonie, WI (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,910 | 6.38% |
| MANKATO, MN (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $2,585 | 6.50% |
| NILES, MI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 9.75% |
| Mason City, IA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,128 | 5.75% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,431 | 5.88% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $4,309 | 7.63% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,423 | 8.56% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 7.63% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,860 | 7.31% |
| Iron Mountain, MI-WI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,046 | 6.13% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,847 | 6.88% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $4,171 | 9.00% |
| Adrian, MI (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $3,120 | 5.81% |
| Heber, UT (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 8.25% |
| Aberdeen, SD (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,487 | 6.75% |
| Hutchinson, KS (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,579 | 7.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $1,531 | 7.25% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,470 | 5.88% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 9.00% |
| Spearfish, SD (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.25% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.25% |
| Edwards, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.25% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 9.50% |
| Centralia, IL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,433 | 6.50% |
| MONROE, MI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.25% |
| Bennington, VT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.25% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 7.75% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 7.50% |
| Austin, MN (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $3,408 | 7.56% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 4.99% |
| TUCSON, AZ (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $1,189 | 7.92% |
| Helena, MT (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 8.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 8.25% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,875 | 6.75% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $175,000 | $58,333 | $0 | 8.50% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 13.00% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,262 | 6.63% |
| Easton, MD (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 9.50% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,932 | 7.00% |
| TULSA, OK (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,000 | 6.25% |
| Houghton, MI (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 8.25% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 11.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 8.25% |
| DUBUQUE, IA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,290 | 6.25% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 11.50% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.25% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 11.00% |
| BAY CITY, MI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,998 | 6.88% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 8.25% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,889 | 6.00% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,290 | 6.88% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,144 | 6.13% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.25% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 9.50% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $0 | 11.25% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 9.50% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 13.00% |
| LIMA, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 10.50% |
| CHICO, CA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.25% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.25% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.75% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 8.25% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 9.50% |
| WHEELING, WV-OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.75% |
| Albert Lea, MN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 9.50% |
| Sterling, IL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.50% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.75% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 7.75% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 1,913 | $184,455,000 | $96,422 | n/a | 9.03% |
| Conventional | 1,025 | $411,595,000 | $401,556 | $3,934 | 6.33% |
For 2024, Wings Financial's most frequently originated type of loan was HELOC, with 1,913 originations. Their 2nd most popular type was Conventional, with 1,025 originations.
Loan Reason
For 2024, Wings Financial's most frequently cited loan purpose was Home Purchase, with 916 originations. The 2nd most popular reason was Other, with 785 originations.
Loan Duration/Length
For 2024, Wings Financial's most frequently cited loan duration was 20 Year, with 1,692 originations. The 2nd most popular length was 30 Year, with 935 originations.
Origination Fees/Closing Costs
Wings Financial's average total fees were $3,985, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 765 originations.
Interest Rates
During 2024, Wings Financial's average interest rate for loans was 6.33%, while their most frequently originated rate bucket for loans was Over 8%, with 1,592 originations.
Loan Sizing
2024 saw Wings Financial place emphasis on $100,000 or less loans with 1,244 originations, totaling $66,970,000 in origination value.
Applicant Income
Wings Financial lent most frequently to those with incomes in the $100k-150k range, with 806 originations. The second most popular income band? $150k-250k, with 765 originations.
Applicant Debt to Income Ratio
Wings Financial lent most frequently to those with DTI ratios of 20-30%, with 599 originations. The next most common DTI ratio? 30-36%, with 521 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.80%
Wings Financial has a below average approval rate.
Pick Rate
Approvals leading to origination66.88%
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 |
|---|---|---|---|
| NA | 2,938 | $596,050,000 | $202,876 |