Wings Financial Mortgage Rates, Fees & Info

Apple Valley, MN

LEI: 549300HVW3AI97UKTO72

Tax ID: 41-6028665

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

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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, Brainerd, Atlanta, Seattle, and Detroit among others. We have data for 157 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.

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% 3/24/24
30 Year Conventional Purchase 6.33% 3/24/24
30 Year Conventional Refi 6.04% 3/24/24
30 Year Cash-out Refi 6.27% 3/24/24
15 Year Conventional Purchase 5.48% 3/24/24
15 Year Conventional Refi 5.73% 3/24/24
15 Year Cash-out Refi 5.73% 3/24/24
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

3,297

Origination Dollar Volume (All Markets)

$554,225,000
Show all (19) awards

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) 2,392 $392,940,000 $164,273 $3,215 4.67%
Outside of Metro Areas 155 $17,445,000 $112,548 $2,846 5.00%
Brainerd, MN (FHA|USDA|VA) 21 $14,185,000 $675,476 $3,037 4.40%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 93 $13,535,000 $145,538 $3,456 4.61%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 58 $9,290,000 $160,172 $3,518 4.42%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 77 $7,745,000 $100,584 $2,612 4.89%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 30 $6,670,000 $222,333 $4,529 4.87%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 32 $5,960,000 $186,250 $3,548 4.48%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 16 $4,490,000 $280,625 $3,388 4.62%
Faribault-Northfield, MN (FHA|USDA|VA) 28 $4,130,000 $147,500 $3,277 4.49%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 7 $3,865,000 $552,143 $4,963 4.04%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 15 $3,575,000 $238,333 $3,881 4.23%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 22 $3,050,000 $138,636 $3,894 4.41%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 17 $2,745,000 $161,471 $3,727 4.26%
ROCHESTER, MN (FHA|USDA|VA) 2 $2,190,000 $1,095,000 $3,009 4.68%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 7 $2,045,000 $292,143 $5,355 4.96%
DULUTH, MN-WI (FHA|USDA|VA) 15 $1,915,000 $127,667 $2,851 4.32%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 9 $1,905,000 $211,667 $3,459 3.99%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 18 $1,860,000 $103,333 $3,563 4.76%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 10 $1,670,000 $167,000 $2,858 4.44%
ANN ARBOR, MI (FHA|USDA|VA) 9 $1,545,000 $171,667 $2,664 4.33%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $1,315,000 $1,315,000 $7,333 3.63%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 8 $1,230,000 $153,750 $3,820 5.33%
Heber, UT (FHA|USDA|VA) 2 $1,210,000 $605,000 $3,818 4.19%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 7 $1,195,000 $170,714 $3,552 3.95%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 3 $1,095,000 $365,000 $3,094 3.92%
RAPID CITY, SD (FHA|USDA|VA) 2 $1,050,000 $525,000 $2,679 4.19%
Kalispell, MT (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $5,464 3.75%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $930,000 $232,500 $3,776 4.13%
ANCHORAGE, AK (FHA|USDA|VA) 5 $875,000 $175,000 $2,186 4.53%
THE VILLAGES, FL (FHA|USDA|VA) 3 $855,000 $285,000 $3,124 4.38%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $855,000 $285,000 $2,956 4.21%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $855,000 $285,000 $3,152 3.96%
ST. CLOUD, MN (FHA|USDA|VA) 3 $845,000 $281,667 $3,185 4.21%
Red Wing, MN (FHA|USDA|VA) 9 $815,000 $90,556 $3,242 4.86%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 4 $800,000 $200,000 $4,578 3.78%
TUCSON, AZ (FHA|USDA|VA) 3 $795,000 $265,000 $3,372 4.04%
BELLINGHAM, WA (FHA|USDA|VA) 4 $760,000 $190,000 $2,886 3.81%
LANCASTER, PA (FHA|USDA|VA) 1 $745,000 $745,000 $7,635 3.38%
EAU CLAIRE, WI (FHA|USDA|VA) 3 $675,000 $225,000 $2,635 4.50%
PORT ST. LUCIE, FL (FHA|USDA|VA) 5 $675,000 $135,000 $3,429 5.18%
Spearfish, SD (FHA|USDA|VA) 1 $665,000 $665,000 $2,548 3.63%
Grand Rapids, MN (FHA|USDA|VA) 4 $650,000 $162,500 $2,823 3.94%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $650,000 $325,000 $4,148 3.63%
PUNTA GORDA, FL (FHA|USDA|VA) 4 $640,000 $160,000 $4,096 4.06%
COLORADO SPRINGS, CO (FHA|USDA|VA) 4 $640,000 $160,000 $2,759 4.56%
Outside of Metro Areas 2 $630,000 $315,000 $3,234 4.00%
JACKSONVILLE, FL (FHA|USDA|VA) 4 $620,000 $155,000 $3,464 4.59%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 2 $600,000 $300,000 $3,777 4.31%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $595,000 $198,333 $9,093 4.29%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $580,000 $290,000 $3,104 4.19%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2 $580,000 $290,000 $2,956 4.00%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 4 $570,000 $142,500 $4,212 4.47%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 2 $560,000 $280,000 $3,154 3.69%
MANKATO, MN (FHA|USDA|VA) 5 $555,000 $111,000 $3,902 4.65%
Hutchinson, MN (FHA|USDA|VA) 6 $550,000 $91,667 $2,845 6.23%
BAKERSFIELD, CA (FHA|USDA|VA) 2 $550,000 $275,000 $3,175 3.94%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 6 $550,000 $91,667 $2,513 5.14%
Traverse City, MI (FHA|USDA|VA) 2 $530,000 $265,000 $2,778 4.44%
MONROE, MI (FHA|USDA|VA) 5 $515,000 $103,000 $2,789 4.58%
APPLETON, WI (FHA|USDA|VA) 2 $510,000 $255,000 $1,864 4.50%
LaGrange, GA-AL (FHA|USDA|VA) 1 $495,000 $495,000 $3,720 4.75%
CHICO, CA (FHA|USDA|VA) 1 $495,000 $495,000 $3,714 4.50%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $495,000 $495,000 $5,309 4.00%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $485,000 $485,000 $5,299 4.38%
Whitewater, WI (FHA|USDA|VA) 2 $480,000 $240,000 $2,788 4.00%
SALEM, OR (FHA|USDA|VA) 2 $480,000 $240,000 $4,219 4.88%
Sandpoint, ID (FHA|USDA|VA) 1 $465,000 $465,000 $3,302 4.75%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 4 $460,000 $115,000 $2,335 4.38%
Laconia, NH (FHA|USDA|VA) 1 $455,000 $455,000 $4,569 4.25%
FORT COLLINS, CO (FHA|USDA|VA) 1 $445,000 $445,000 $2,684 3.75%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 4 $430,000 $107,500 $3,060 5.19%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $425,000 $425,000 $3,272 4.63%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $425,000 $425,000 $2,869 2.88%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $405,000 $405,000 $4,504 4.50%
Montrose, CO (FHA|USDA|VA) 1 $395,000 $395,000 $3,084 3.75%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $390,000 $195,000 $2,458 4.19%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $385,000 $128,333 $0 4.92%
Shelton, WA (FHA|USDA|VA) 1 $385,000 $385,000 $3,646 3.88%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $365,000 $365,000 $3,936 4.38%
SIOUX FALLS, SD (FHA|USDA|VA) 2 $340,000 $170,000 $2,682 4.00%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 2 $340,000 $170,000 $2,378 4.13%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $335,000 $335,000 $4,582 3.38%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $315,000 $105,000 $0 4.25%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $305,000 $305,000 $4,259 3.75%
ST. GEORGE, UT (FHA|USDA|VA) 1 $305,000 $305,000 $2,816 4.63%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $300,000 $150,000 $3,103 4.13%
LINCOLN, NE (FHA|USDA|VA) 2 $300,000 $150,000 $2,438 4.25%
TULSA, OK (FHA|USDA|VA) 2 $290,000 $145,000 $2,488 3.88%
HATTIESBURG, MS (FHA|USDA|VA) 1 $285,000 $285,000 $3,309 4.00%
ODESSA, TX (FHA|USDA|VA) 1 $265,000 $265,000 $4,367 4.00%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $260,000 $130,000 $3,524 4.69%
Bozeman, MT (FHA|USDA|VA) 1 $255,000 $255,000 $3,856 3.50%
COLUMBIA, SC (FHA|USDA|VA) 1 $255,000 $255,000 $3,167 3.63%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $250,000 $125,000 $2,192 3.69%
Owatonna, MN (FHA|USDA|VA) 2 $250,000 $125,000 $2,015 4.50%
FLINT, MI (FHA|USDA|VA) 2 $250,000 $125,000 $2,643 4.38%
Winona, MN (FHA|USDA|VA) 1 $235,000 $235,000 $2,809 3.88%
FARGO, ND-MN (FHA|USDA|VA) 2 $230,000 $115,000 $5,421 5.50%
Fergus Falls, MN (FHA|USDA|VA) 1 $225,000 $225,000 $3,079 4.13%
Fairmont, MN (FHA|USDA|VA) 1 $225,000 $225,000 $2,634 4.00%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $215,000 $215,000 $2,911 3.75%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $205,000 $205,000 $5,052 4.13%
LEWISTON, ID-WA (FHA|USDA|VA) 1 $205,000 $205,000 $3,854 4.00%
Houghton, MI (FHA|USDA|VA) 1 $205,000 $205,000 $4,789 4.50%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $205,000 $205,000 $3,173 4.13%
COLUMBUS, OH (FHA|USDA|VA) 2 $200,000 $100,000 $3,811 4.25%
Rockport, TX (FHA|USDA|VA) 1 $195,000 $195,000 $1,964 4.38%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $195,000 $195,000 $0 4.75%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $185,000 $185,000 $3,373 3.88%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $185,000 $185,000 $2,996 4.50%
GAINESVILLE, FL (FHA|USDA|VA) 1 $185,000 $185,000 $4,741 3.88%
KNOXVILLE, TN (FHA|USDA|VA) 3 $185,000 $61,667 $2,220 4.88%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $185,000 $185,000 $2,450 4.63%
Marquette, MI (FHA|USDA|VA) 1 $185,000 $185,000 $2,437 4.38%
WILMINGTON, NC (FHA|USDA|VA) 2 $180,000 $90,000 $0 5.75%
RICHMOND, VA (FHA|USDA|VA) 1 $175,000 $175,000 $2,487 3.88%
LAFAYETTE, LA (FHA|USDA|VA) 2 $170,000 $85,000 $3,451 4.31%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $165,000 $165,000 $3,132 4.00%
Willmar, MN (FHA|USDA|VA) 1 $165,000 $165,000 $2,648 4.38%
OCALA, FL (FHA|USDA|VA) 1 $165,000 $165,000 $4,537 3.50%
Bennington, VT (FHA|USDA|VA) 1 $165,000 $165,000 $3,314 3.38%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $165,000 $165,000 $2,920 3.50%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $165,000 $165,000 $4,195 4.38%
Watertown, SD (FHA|USDA|VA) 1 $155,000 $155,000 $1,994 4.00%
Nogales, AZ (FHA|USDA|VA) 1 $155,000 $155,000 $3,061 3.88%
Key West, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.50%
BAY CITY, MI (FHA|USDA|VA) 1 $145,000 $145,000 $2,264 4.00%
NEW BERN, NC (FHA|USDA|VA) 1 $135,000 $135,000 $2,729 3.88%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $125,000 $125,000 $2,639 4.13%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $120,000 $60,000 $0 4.38%
Williston, ND (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.75%
PUEBLO, CO (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.50%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.00%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.50%
BOULDER, CO (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.00%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.99%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $95,000 $95,000 $2,111 4.63%
Somerset, KY (FHA|USDA|VA) 1 $95,000 $95,000 $2,505 3.88%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $95,000 $95,000 $2,647 4.13%
DALTON, GA (FHA|USDA|VA) 1 $85,000 $85,000 $2,403 4.00%
Newport, OR (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.00%
WACO, TX (FHA|USDA|VA) 1 $85,000 $85,000 $2,498 4.38%
RENO, NV (FHA|USDA|VA) 1 $75,000 $75,000 $2,861 3.00%
GREELEY, CO (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.99%
STOCKTON, CA (FHA|USDA|VA) 2 $70,000 $35,000 $0 4.00%
Palatka, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.00%
BEND, OR (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.00%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.75%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.00%
Crossville, TN (FHA|USDA|VA) 1 $35,000 $35,000 $2,614 4.63%
AMES, IA (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.00%
GAINESVILLE, GA (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.99%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $25,000 $25,000 $0 6.50%
Tiffin, OH (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.00%
WHEELING, WV-OH (FHA|USDA|VA) 1 $15,000 $15,000 $0 4.75%
ASHEVILLE, NC (FHA|USDA|VA) 1 $15,000 $15,000 $0 5.75%
Wings Financial's top markets include Minneapolis, Brainerd, Atlanta, Seattle, and Detroit among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,774 $115,100,000 $64,882 n/a 5.12%
    Conventional 1,523 $439,125,000 $288,329 $3,255 4.10%

    For 2018, Wings Financial's most frequently originated type of loan was HELOC, with 1,774 originations. Their 2nd most popular type was Conventional, with 1,523 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,056 $319,290,000 $302,358 $3,330 4.23%
    Other 783 $46,865,000 $59,853 $0 5.25%
    Home Improvement 700 $42,490,000 $60,700 $0 5.05%
    Refi 408 $66,140,000 $162,108 $2,711 4.48%
    Cash Out Refi 350 $79,440,000 $226,971 $3,338 3.97%

    For 2018, Wings Financial's most frequently cited loan purpose was Home Purchase, with 1,056 originations. The 2nd most popular reason was Other, with 783 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,226 $317,610,000 $259,062 $3,276 4.14%
    20 Year 1,130 $89,390,000 $79,106 $3,293 5.14%
    15 Year 907 $75,955,000 $83,743 $3,109 4.74%
    10 Year 31 $49,645,000 $1,601,452 $3,108 3.99%
    Other 2 $370,000 $185,000 $0 4.52%
    5 Year 1 $21,255,000 $21,255,000 $0 5.07%

    For 2018, Wings Financial's most frequently cited loan duration was 30 Year, with 1,226 originations. The 2nd most popular length was 20 Year, with 1,130 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,218 $312,820,000 $256,831
    $2k-3k 108 $23,490,000 $217,500
    $1k-2k 99 $13,505,000 $136,414
    $3k-4k 52 $11,560,000 $222,308
    $4k-5k 24 $6,720,000 $280,000
    $5k+ 6 $1,730,000 $288,333

    Wings Financial's average total fees were $3,276, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,218 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,622 $288,920,000 $178,126
    3-4% 1,091 $211,795,000 $194,129
    5-6% 274 $35,720,000 $130,365
    6-7% 212 $10,990,000 $51,840
    7-8% 65 $3,025,000 $46,538
    Over 8% 20 $760,000 $38,000
    2.5-3% 13 $3,015,000 $231,923

    During 2018, Wings Financial's average interest rate for loans was 4.14%, while their most frequently originated rate bucket for loans was 4-5%, with 1,622 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,540 $75,560,000 $49,065 $2,459 5.12%
    $100k-200k 839 $121,925,000 $145,322 $3,050 4.35%
    $200k-400k 762 $207,240,000 $271,969 $3,413 4.17%
    $400k-600k 113 $53,765,000 $475,796 $3,513 3.99%
    $600k-1MM 28 $19,970,000 $713,214 $4,536 3.93%
    $1MM+ 15 $75,765,000 $5,051,000 $6,385 4.25%

    2018 saw Wings Financial place emphasis on $100,000 or less loans with 1,540 originations, totaling $75,560,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 879 $127,925,000 $145,535 $3,333 4.71%
    $50k-75k 670 $78,030,000 $116,463 $3,124 4.67%
    $75k-100k 596 $81,380,000 $136,544 $3,245 4.61%
    $150k-250k 547 $98,435,000 $179,954 $3,386 4.69%
    $50k or less 328 $32,560,000 $99,268 $2,929 4.50%
    $250k+ 215 $58,955,000 $274,209 $3,811 4.58%

    Wings Financial lent most frequently to those with incomes in the $100k-150k range, with 879 originations. The second most popular income band? $50k-75k, with 670 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 896 $133,670,000 $149,185 $3,210 4.54%
    30-36% 649 $97,805,000 $150,701 $3,312 4.68%
    <20% 456 $62,440,000 $136,930 $3,087 4.43%
    44% 107 $15,735,000 $147,056 $3,238 4.74%
    39% 106 $17,770,000 $167,642 $3,535 4.88%
    36% 103 $17,495,000 $169,854 $3,226 4.66%
    37% 102 $13,830,000 $135,588 $3,216 4.81%
    42% 101 $15,745,000 $155,891 $3,409 4.68%
    43% 99 $16,555,000 $167,222 $3,096 4.74%
    38% 98 $14,120,000 $144,082 $3,292 4.59%
    40% 97 $13,845,000 $142,732 $3,464 4.97%
    41% 85 $12,965,000 $152,529 $3,278 4.87%
    46% 77 $10,715,000 $139,156 $3,375 4.92%
    45% 74 $9,510,000 $128,514 $3,277 4.96%
    47% 61 $7,195,000 $117,951 $3,185 4.81%
    48% 59 $8,165,000 $138,390 $3,442 4.90%
    49% 44 $5,300,000 $120,455 $3,527 4.99%
    50-60% 42 $8,810,000 $209,762 $3,518 4.41%
    >60% 26 $3,860,000 $148,462 $3,196 4.64%

    Wings Financial lent most frequently to those with DTI ratios of 20-30%, with 896 originations. The next most common DTI ratio? 30-36%, with 649 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,587 $376,455,000 $145,518 $3,238 4.64%
    Not provided 428 $71,900,000 $167,991 $3,359 4.63%
    Not applicable 16 $68,720,000 $4,295,000 $0 4.59%
    Black 122 $16,670,000 $136,639 $3,293 4.91%
    Asian 95 $14,795,000 $155,737 $3,236 4.58%
    Native Hawaiian or Islander 29 $2,835,000 $97,759 $2,609 4.87%
    American Indian 15 $1,895,000 $126,333 $2,993 5.01%
    Asian Indian 2 $680,000 $340,000 $3,326 4.00%
    Korean 1 $175,000 $175,000 $2,487 3.88%
    Other Asian 1 $55,000 $55,000 $0 4.75%
    Other Pacific Islander 1 $45,000 $45,000 $0 5.00%

    Approval Rates

    Total approvals of all applications
    87.70%

    Wings Financial has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.98%

    Wings Financial has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,297 $554,225,000 $168,100

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $67,820,000 $6,782,000
    Single Family (1-4 Units):Manufactured 6 $1,360,000 $226,667
    Single Family (1-4 Units):Site-Built 3,281 $485,045,000 $147,835

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 605 $53,165,000 $87,876 $2,578 4.89%
    40-60% 293 $45,915,000 $156,706 $2,858 4.32%
    60-80% 615 $222,065,000 $361,081 $3,330 4.11%
    80-100% 697 $184,145,000 $264,197 $3,366 4.17%
    Over 100% 1 $305,000 $305,000 $0 4.03%
    Under 20% 1,083 $48,375,000 $44,668 $2,585 5.22%