Wings Financial Mortgage Rates, Fees & Info

Apple Valley, MN

LEI: 549300HVW3AI97UKTO72

Tax ID: 41-6028665

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

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    • Review & Overview

    Wings Financial is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Wings Financial has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Seattle, Eau Claire, Atlanta, and Detroit among others. We have data for 188 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% 11/17/24
    30 Year Conventional Purchase 6.33% 11/17/24
    30 Year Conventional Refi 6.04% 11/17/24
    30 Year Cash-out Refi 6.27% 11/17/24
    15 Year Conventional Purchase 5.48% 11/17/24
    15 Year Conventional Refi 5.73% 11/17/24
    15 Year Cash-out Refi 5.73% 11/17/24
    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

    4,529

    Origination Dollar Volume (All Markets)

    $941,265,000
    Show all (16) 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) 3,426 $681,310,000 $198,865 $3,367 4.90%
    Outside of Metro Areas 110 $21,260,000 $193,273 $2,944 3.87%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 58 $16,330,000 $281,552 $3,846 4.34%
    EAU CLAIRE, WI (FHA|USDA|VA) 3 $14,125,000 $4,708,333 $2,124 4.16%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 85 $13,595,000 $159,941 $3,527 4.90%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 92 $12,160,000 $132,174 $2,869 4.73%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 45 $10,905,000 $242,333 $3,778 4.20%
    Hutchinson, MN (FHA|USDA|VA) 6 $8,910,000 $1,485,000 $3,592 3.93%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 33 $8,295,000 $251,364 $4,469 4.36%
    Brainerd, MN (FHA|USDA|VA) 30 $7,710,000 $257,000 $3,448 3.88%
    Faribault-Northfield, MN (FHA|USDA|VA) 34 $6,180,000 $181,765 $3,574 4.39%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 20 $5,360,000 $268,000 $3,672 4.06%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 20 $5,340,000 $267,000 $3,595 4.44%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 12 $4,720,000 $393,333 $5,791 4.53%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 22 $4,650,000 $211,364 $3,782 4.11%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 10 $4,350,000 $435,000 $6,453 4.78%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 23 $4,165,000 $181,087 $3,659 4.55%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 19 $3,895,000 $205,000 $3,908 4.03%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 10 $3,850,000 $385,000 $4,882 4.59%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 17 $3,805,000 $223,824 $4,325 39.62%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 8 $3,350,000 $418,750 $3,656 3.97%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 12 $3,210,000 $267,500 $3,594 3.94%
    DULUTH, MN-WI (FHA|USDA|VA) 26 $3,150,000 $121,154 $3,125 4.15%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 13 $3,085,000 $237,308 $3,964 3.59%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 9 $3,055,000 $339,444 $3,846 3.90%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 10 $2,940,000 $294,000 $4,907 4.03%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 8 $2,730,000 $341,250 $4,427 3.58%
    Red Wing, MN (FHA|USDA|VA) 12 $2,710,000 $225,833 $2,948 3.92%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 13 $2,635,000 $202,692 $3,241 4.27%
    ANN ARBOR, MI (FHA|USDA|VA) 12 $1,800,000 $150,000 $3,617 4.05%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 6 $1,700,000 $283,333 $3,589 4.04%
    ROCHESTER, MN (FHA|USDA|VA) 7 $1,645,000 $235,000 $3,311 4.39%
    BELLINGHAM, WA (FHA|USDA|VA) 2 $1,570,000 $785,000 $3,397 3.31%
    Grand Rapids, MN (FHA|USDA|VA) 8 $1,530,000 $191,250 $2,971 3.70%
    ST. CLOUD, MN (FHA|USDA|VA) 9 $1,505,000 $167,222 $2,734 4.04%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 7 $1,395,000 $199,286 $3,453 4.13%
    COLUMBUS, OH (FHA|USDA|VA) 6 $1,370,000 $228,333 $3,447 4.00%
    TUCSON, AZ (FHA|USDA|VA) 8 $1,270,000 $158,750 $3,341 3.48%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 5 $1,245,000 $249,000 $3,550 4.08%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $1,225,000 $408,333 $4,473 3.42%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 6 $1,200,000 $200,000 $3,374 4.71%
    Shelton, WA (FHA|USDA|VA) 3 $1,185,000 $395,000 $3,436 3.88%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 5 $1,105,000 $221,000 $2,682 4.08%
    BOULDER, CO (FHA|USDA|VA) 2 $1,100,000 $550,000 $2,807 3.38%
    Heber, UT (FHA|USDA|VA) 3 $1,095,000 $365,000 $3,286 4.50%
    TULSA, OK (FHA|USDA|VA) 2 $1,070,000 $535,000 $4,680 3.13%
    PITTSBURGH, PA (FHA|USDA|VA) 4 $1,040,000 $260,000 $4,330 4.44%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $990,000 $495,000 $5,133 4.13%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $980,000 $245,000 $3,978 3.75%
    BEND, OR (FHA|USDA|VA) 3 $975,000 $325,000 $4,445 4.83%
    MANKATO, MN (FHA|USDA|VA) 5 $955,000 $191,000 $3,223 4.40%
    Bozeman, MT (FHA|USDA|VA) 2 $950,000 $475,000 $4,379 3.69%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 3 $945,000 $315,000 $2,617 3.71%
    LOUISVILLE, KY (FHA|USDA|VA) 4 $920,000 $230,000 $3,215 3.53%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 6 $860,000 $143,333 $3,567 5.13%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $855,000 $285,000 $3,496 3.71%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 4 $830,000 $207,500 $2,454 3.56%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $810,000 $405,000 $4,994 3.44%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 6 $780,000 $130,000 $3,076 3.73%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $765,000 $765,000 $4,270 3.63%
    ST. GEORGE, UT (FHA|USDA|VA) 3 $765,000 $255,000 $4,900 3.58%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $760,000 $380,000 $3,448 3.31%
    Breckenridge, CO (FHA|USDA|VA) 3 $735,000 $245,000 $2,669 4.13%
    SALEM, OR (FHA|USDA|VA) 2 $710,000 $355,000 $4,158 5.38%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 4 $680,000 $170,000 $2,610 5.59%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $675,000 $225,000 $4,240 4.13%
    KNOXVILLE, TN (FHA|USDA|VA) 6 $640,000 $106,667 $3,747 5.04%
    Laconia, NH (FHA|USDA|VA) 1 $635,000 $635,000 $3,733 3.88%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $630,000 $315,000 $2,702 3.63%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 4 $620,000 $155,000 $2,611 3.47%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 3 $605,000 $201,667 $6,335 4.08%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $605,000 $605,000 $3,500 3.50%
    BOISE CITY, ID (FHA|USDA|VA) 3 $605,000 $201,667 $3,420 3.46%
    WENATCHEE, WA (FHA|USDA|VA) 1 $605,000 $605,000 $3,869 2.75%
    FARGO, ND-MN (FHA|USDA|VA) 3 $575,000 $191,667 $3,125 3.75%
    Port Angeles, WA (FHA|USDA|VA) 3 $565,000 $188,333 $2,680 4.50%
    THE VILLAGES, FL (FHA|USDA|VA) 2 $560,000 $280,000 $3,277 4.19%
    Watertown, SD (FHA|USDA|VA) 3 $555,000 $185,000 $2,450 3.71%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $520,000 $260,000 $3,065 3.75%
    SIOUX FALLS, SD (FHA|USDA|VA) 3 $515,000 $171,667 $2,144 3.00%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $510,000 $255,000 $4,470 4.94%
    YAKIMA, WA (FHA|USDA|VA) 2 $500,000 $250,000 $3,053 3.63%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 2 $500,000 $250,000 $2,863 4.94%
    BISMARCK, ND (FHA|USDA|VA) 2 $500,000 $250,000 $3,313 5.19%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $490,000 $245,000 $3,467 3.50%
    Newport, OR (FHA|USDA|VA) 2 $490,000 $245,000 $3,761 3.31%
    PUNTA GORDA, FL (FHA|USDA|VA) 4 $490,000 $122,500 $0 5.50%
    OCALA, FL (FHA|USDA|VA) 1 $485,000 $485,000 $4,913 3.25%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $485,000 $485,000 $5,614 4.25%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 3 $485,000 $161,667 $2,866 4.29%
    CHICO, CA (FHA|USDA|VA) 1 $485,000 $485,000 $2,759 3.25%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $475,000 $475,000 $3,469 3.38%
    ANCHORAGE, AK (FHA|USDA|VA) 2 $470,000 $235,000 $6,763 5.06%
    Helena, MT (FHA|USDA|VA) 1 $455,000 $455,000 $4,008 3.38%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $435,000 $435,000 $3,632 3.38%
    MONROE, MI (FHA|USDA|VA) 3 $435,000 $145,000 $2,784 5.21%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $410,000 $205,000 $3,549 4.50%
    Cullowhee, NC (FHA|USDA|VA) 1 $405,000 $405,000 $3,811 3.50%
    Adrian, MI (FHA|USDA|VA) 3 $395,000 $131,667 $2,683 4.79%
    Barre, VT (FHA|USDA|VA) 1 $385,000 $385,000 $3,636 3.25%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $380,000 $190,000 $3,604 3.50%
    Edwards, CO (FHA|USDA|VA) 1 $375,000 $375,000 $3,109 3.50%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $365,000 $365,000 $3,346 3.75%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $365,000 $365,000 $3,684 2.88%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $355,000 $355,000 $4,377 3.63%
    Fergus Falls, MN (FHA|USDA|VA) 3 $355,000 $118,333 $2,822 4.17%
    SANTA FE, NM (FHA|USDA|VA) 1 $355,000 $355,000 $4,505 3.50%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $350,000 $175,000 $2,898 3.25%
    Branson, MO (FHA|USDA|VA) 1 $345,000 $345,000 $2,961 3.00%
    FORT COLLINS, CO (FHA|USDA|VA) 3 $345,000 $115,000 $3,408 5.29%
    APPLETON, WI (FHA|USDA|VA) 1 $345,000 $345,000 $3,399 3.25%
    LAWRENCE, KS (FHA|USDA|VA) 1 $345,000 $345,000 $2,705 3.13%
    ASHEVILLE, NC (FHA|USDA|VA) 2 $330,000 $165,000 $3,442 4.19%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $325,000 $325,000 $4,587 4.63%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 2 $320,000 $160,000 $2,289 4.50%
    JACKSON, MI (FHA|USDA|VA) 4 $310,000 $77,500 $2,439 5.34%
    BILLINGS, MT (FHA|USDA|VA) 2 $310,000 $155,000 $3,149 3.56%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $305,000 $305,000 $3,182 3.38%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $295,000 $295,000 $3,810 3.25%
    Lake City, FL (FHA|USDA|VA) 1 $285,000 $285,000 $4,040 3.38%
    Willmar, MN (FHA|USDA|VA) 3 $265,000 $88,333 $2,600 5.25%
    Alexandria, MN (FHA|USDA|VA) 2 $260,000 $130,000 $3,042 4.31%
    OCEAN CITY, NJ (FHA|USDA|VA) 1 $255,000 $255,000 $3,640 3.38%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 2 $250,000 $125,000 $2,779 3.81%
    RENO, NV (FHA|USDA|VA) 1 $245,000 $245,000 $2,764 4.00%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $245,000 $245,000 $2,088 3.38%
    Tupelo, MS (FHA|USDA|VA) 1 $235,000 $235,000 $3,144 3.50%
    Traverse City, MI (FHA|USDA|VA) 2 $230,000 $115,000 $2,415 4.81%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $225,000 $225,000 $2,815 4.00%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $225,000 $225,000 $2,895 3.63%
    CARSON CITY, NV (FHA|USDA|VA) 1 $215,000 $215,000 $2,490 3.25%
    Jefferson, GA (FHA|USDA|VA) 1 $215,000 $215,000 $3,377 3.00%
    GRAND JUNCTION, CO (FHA|USDA|VA) 2 $210,000 $105,000 $2,430 3.75%
    TOLEDO, OH (FHA|USDA|VA) 2 $210,000 $105,000 $2,988 5.69%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $205,000 $205,000 $2,448 3.25%
    COLUMBUS, GA-AL (FHA|USDA|VA) 1 $205,000 $205,000 $3,339 2.88%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $195,000 $195,000 $3,266 3.38%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $195,000 $195,000 $0 6.50%
    Laramie, WY (FHA|USDA|VA) 1 $195,000 $195,000 $2,627 3.38%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $185,000 $185,000 $3,620 4.13%
    Farmington, MO (FHA|USDA|VA) 1 $185,000 $185,000 $2,845 3.00%
    YUBA CITY, CA (FHA|USDA|VA) 1 $185,000 $185,000 $3,038 3.25%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $185,000 $185,000 $2,559 3.38%
    Crossville, TN (FHA|USDA|VA) 1 $175,000 $175,000 $2,567 3.13%
    JACKSONVILLE, FL (FHA|USDA|VA) 2 $170,000 $85,000 $2,569 3.75%
    Sanford, NC (FHA|USDA|VA) 1 $165,000 $165,000 $2,812 3.75%
    GREAT FALLS, MT (FHA|USDA|VA) 1 $165,000 $165,000 $2,923 3.88%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.25%
    Silver City, NM (FHA|USDA|VA) 1 $155,000 $155,000 $2,889 4.00%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.75%
    FLAGSTAFF, AZ (FHA|USDA|VA) 1 $145,000 $145,000 $3,404 3.38%
    EL PASO, TX (FHA|USDA|VA) 1 $145,000 $145,000 $3,121 3.88%
    MOBILE, AL (FHA|USDA|VA) 1 $145,000 $145,000 $1,963 3.88%
    Starkville, MS (FHA|USDA|VA) 1 $125,000 $125,000 $4,303 4.13%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $125,000 $125,000 $2,225 3.25%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $125,000 $125,000 $3,005 3.38%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.50%
    Centralia, WA (FHA|USDA|VA) 1 $115,000 $115,000 $3,781 4.13%
    Albert Lea, MN (FHA|USDA|VA) 1 $105,000 $105,000 $2,611 3.13%
    Marshall, MN (FHA|USDA|VA) 1 $105,000 $105,000 $2,365 3.13%
    Key West, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.25%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.00%
    Owatonna, MN (FHA|USDA|VA) 1 $105,000 $105,000 $3,109 3.63%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.50%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $105,000 $105,000 $2,988 3.13%
    Whitewater, WI (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.25%
    GREEN BAY, WI (FHA|USDA|VA) 2 $100,000 $50,000 $0 4.75%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $95,000 $95,000 $2,389 3.00%
    AMARILLO, TX (FHA|USDA|VA) 1 $95,000 $95,000 $3,506 3.13%
    COLUMBIA, MO (FHA|USDA|VA) 1 $85,000 $85,000 $2,023 3.75%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $85,000 $85,000 $2,681 3.75%
    Shelby, NC (FHA|USDA|VA) 1 $75,000 $75,000 $2,460 3.38%
    STOCKTON, CA (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.00%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $65,000 $65,000 $2,416 3.50%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $55,000 $55,000 $2,490 3.63%
    Montrose, CO (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.25%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.50%
    Forest City, NC (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.50%
    DUBUQUE, IA (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.25%
    MUSKEGON, MI (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.50%
    FLINT, MI (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.75%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.25%
    WILMINGTON, NC (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.75%
    BLOOMINGTON, IL (FHA|USDA|VA) 1 $25,000 $25,000 $0 10.25%
    New Ulm, MN (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.50%
    VISALIA, CA (FHA|USDA|VA) 1 $25,000 $25,000 $0 6.75%
    ALTOONA, PA (FHA|USDA|VA) 1 $15,000 $15,000 $0 5.00%
    Glenwood Springs, CO (FHA|USDA|VA) 1 $15,000 $15,000 $0 4.50%
    Wings Financial's top markets include Minneapolis, Seattle, Eau Claire, Atlanta, and Detroit among others.

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,777 $823,615,000 $296,584 $3,401 3.51%
    HELOC 1,752 $117,650,000 $67,152 n/a 7.04%

    For 2019, Wings Financial's most frequently originated type of loan was Conventional, with 2,777 originations. Their 2nd most popular type was HELOC, with 1,752 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,374 $417,440,000 $303,814 $3,470 4.25%
    Refi 906 $201,980,000 $222,936 $2,965 4.00%
    Cash Out Refi 803 $230,645,000 $287,229 $3,651 3.44%
    Other 711 $44,525,000 $62,623 $0 7.90%
    Home Improvement 696 $44,170,000 $63,463 $0 5.76%
    NA 39 $2,505,000 $64,231 $0 5.75%

    For 2019, Wings Financial's most frequently cited loan purpose was Home Purchase, with 1,374 originations. The 2nd most popular reason was Refi, with 906 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,138 $619,750,000 $289,874 $3,416 3.57%
    20 Year 1,793 $169,675,000 $94,632 $3,472 6.43%
    15 Year 522 $69,330,000 $132,816 $3,311 5.05%
    10 Year 72 $68,720,000 $954,444 $2,982 3.36%
    5 Year 2 $13,710,000 $6,855,000 $0 4.84%
    Other 2 $80,000 $40,000 $0 6.50%

    For 2019, Wings Financial's most frequently cited loan duration was 30 Year, with 2,138 originations. The 2nd most popular length was 20 Year, with 1,793 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,104 $598,980,000 $284,686
    $1k-2k 251 $49,715,000 $198,068
    $2k-3k 211 $43,435,000 $205,853
    $3k-4k 130 $35,470,000 $272,846
    $4k-5k 42 $12,850,000 $305,952
    $5k+ 29 $10,205,000 $351,897

    Wings Financial's average total fees were $3,416, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,104 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 2,317 $635,985,000 $274,486
    5-6% 799 $57,665,000 $72,171
    4-5% 535 $150,195,000 $280,738
    6-7% 413 $25,105,000 $60,787
    2.5-3% 225 $60,495,000 $268,867
    7-8% 176 $8,820,000 $50,114
    Over 8% 63 $2,965,000 $47,063
    <2.5% 1 $35,000 $35,000

    During 2019, Wings Financial's average interest rate for loans was 3.57%, while their most frequently originated rate bucket for loans was 3-4%, with 2,317 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,544 $77,500,000 $50,194 $2,545 6.12%
    $200k-400k 1,467 $403,515,000 $275,061 $3,515 4.07%
    $100k-200k 1,099 $162,445,000 $147,812 $3,088 4.73%
    $400k-600k 301 $143,005,000 $475,100 $3,772 3.47%
    $600k-1MM 102 $72,650,000 $712,255 $4,078 3.40%
    $1MM+ 16 $82,150,000 $5,134,375 $6,816 3.89%

    2019 saw Wings Financial place emphasis on $100,000 or less loans with 1,544 originations, totaling $77,500,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,210 $229,970,000 $190,058 $3,504 5.58%
    $150k-250k 890 $225,010,000 $252,820 $3,536 4.34%
    $75k-100k 841 $134,615,000 $160,065 $3,357 4.48%
    $50k-75k 814 $114,340,000 $140,467 $3,283 4.46%
    $50k or less 376 $38,650,000 $102,793 $2,898 4.50%
    $250k+ 311 $106,885,000 $343,682 $3,831 6.54%

    Wings Financial lent most frequently to those with incomes in the $100k-150k range, with 1,210 originations. The second most popular income band? $150k-250k, with 890 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 1,480 $181,520,000 $122,649 $3,311 5.60%
    20-30% 1,121 $256,165,000 $228,515 $3,419 4.49%
    30-36% 703 $154,995,000 $220,477 $3,365 4.07%
    40% 114 $27,630,000 $242,368 $3,526 4.12%
    38% 111 $24,935,000 $224,640 $3,544 4.34%
    39% 108 $24,790,000 $229,537 $3,332 3.95%
    42% 105 $24,615,000 $234,429 $3,617 4.19%
    36% 104 $23,320,000 $224,231 $3,485 4.09%
    44% 102 $23,280,000 $228,235 $3,493 4.14%
    37% 97 $23,775,000 $245,103 $3,436 3.93%
    43% 91 $22,655,000 $248,956 $3,393 3.91%
    41% 88 $21,090,000 $239,659 $3,457 4.28%
    46% 64 $13,340,000 $208,438 $3,380 4.21%
    45% 58 $14,510,000 $250,172 $3,440 4.23%
    47% 52 $10,550,000 $202,885 $3,474 4.42%
    50-60% 50 $9,470,000 $189,400 $2,946 19.48%
    48% 26 $4,090,000 $157,308 $3,147 4.75%
    49% 21 $3,425,000 $163,095 $3,354 4.75%
    >60% 20 $3,810,000 $190,500 $3,281 4.93%

    Wings Financial lent most frequently to those with DTI ratios of <20%, with 1,480 originations. The next most common DTI ratio? 20-30%, with 1,121 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,535 $669,305,000 $189,337 $3,364 5.01%
    Not provided 606 $131,510,000 $217,013 $3,527 4.30%
    Not applicable 12 $73,050,000 $6,087,500 $0 4.82%
    Asian 141 $30,125,000 $213,652 $3,367 4.08%
    Black 160 $25,120,000 $157,000 $3,734 4.88%
    American Indian 27 $4,585,000 $169,815 $3,064 4.33%
    Native Hawaiian or Islander 31 $2,405,000 $77,581 $3,132 5.37%
    Asian Indian 4 $1,990,000 $497,500 $3,518 3.59%
    Other Asian 6 $1,470,000 $245,000 $4,113 4.27%
    Filipino 2 $1,220,000 $610,000 $5,312 3.38%
    Korean 1 $255,000 $255,000 $2,170 3.38%
    Other Pacific Islander 3 $165,000 $55,000 $0 6.67%
    Native Hawaiian 1 $65,000 $65,000 $0 5.00%

    Approval Rates

    Total approvals of all applications
    90.39%

    Wings Financial has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.82%

    Wings Financial has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 4,529 $941,265,000 $207,831

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $71,075,000 $7,897,222
    Single Family (1-4 Units):Manufactured 17 $2,625,000 $154,412
    Single Family (1-4 Units):Site-Built 4,503 $867,565,000 $192,664

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 643 $64,425,000 $100,194 $2,800 5.31%
    40-60% 420 $78,850,000 $187,738 $2,986 3.87%
    60-80% 1,259 $414,595,000 $329,305 $3,508 4.12%
    80-100% 1,101 $331,425,000 $301,022 $3,488 3.60%
    Under 20% 1,104 $51,130,000 $46,313 $2,510 7.13%