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 small mortgage company specializing in Refi, Home Purchase, and Cash Out Refi loans. Wings Financial has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Brainerd, Seattle, Vermillion, and Atlanta among others. We have data for 206 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% 11/21/24
    30 Year Conventional Purchase 6.33% 11/21/24
    30 Year Conventional Refi 6.04% 11/21/24
    30 Year Cash-out Refi 6.27% 11/21/24
    15 Year Conventional Purchase 5.48% 11/21/24
    15 Year Conventional Refi 5.73% 11/21/24
    15 Year Cash-out Refi 5.73% 11/21/24
    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

    5,830

    Origination Dollar Volume (All Markets)

    $1,346,750,000
    Show all (17) 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) 4,442 $935,360,000 $210,572 $3,409 3.41%
    Brainerd, MN (FHA|USDA|VA) 52 $37,360,000 $718,462 $3,577 3.30%
    Outside of Metro Areas 149 $28,545,000 $191,577 $3,101 3.19%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 102 $27,960,000 $274,118 $3,419 3.39%
    Vermillion, SD (FHA|USDA|VA) 1 $23,005,000 $23,005,000 $0 3.80%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 94 $17,190,000 $182,872 $3,647 3.44%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 51 $15,875,000 $311,275 $3,430 3.14%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 114 $14,950,000 $131,140 $2,974 3.40%
    Hutchinson, MN (FHA|USDA|VA) 11 $13,845,000 $1,258,636 $3,061 3.27%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 33 $11,075,000 $335,606 $4,238 3.28%
    Fergus Falls, MN (FHA|USDA|VA) 5 $10,095,000 $2,019,000 $2,913 4.09%
    ROCHESTER, MN (FHA|USDA|VA) 11 $9,815,000 $892,273 $2,917 2.97%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 20 $9,030,000 $451,500 $3,837 3.25%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 27 $8,205,000 $303,889 $3,510 3.54%
    Faribault-Northfield, MN (FHA|USDA|VA) 40 $7,150,000 $178,750 $3,387 3.52%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 25 $6,565,000 $262,600 $4,060 3.42%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 36 $6,120,000 $170,000 $3,916 3.60%
    DULUTH, MN-WI (FHA|USDA|VA) 41 $6,105,000 $148,902 $3,111 3.26%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 21 $5,455,000 $259,762 $3,563 2.99%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 12 $5,290,000 $440,833 $4,226 3.06%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 15 $4,565,000 $304,333 $5,028 2.96%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 12 $4,440,000 $370,000 $3,913 3.18%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 17 $4,285,000 $252,059 $3,898 2.88%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 11 $4,165,000 $378,636 $3,511 3.24%
    Red Wing, MN (FHA|USDA|VA) 21 $4,115,000 $195,952 $3,110 3.09%
    MANKATO, MN (FHA|USDA|VA) 4 $4,110,000 $1,027,500 $2,732 3.31%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 11 $4,055,000 $368,636 $4,638 3.25%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 4 $3,440,000 $860,000 $4,298 2.97%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 20 $3,120,000 $156,000 $3,536 3.30%
    Jackson, WY-ID (FHA|USDA|VA) 2 $2,820,000 $1,410,000 $4,573 2.44%
    Heber, UT (FHA|USDA|VA) 5 $2,815,000 $563,000 $3,461 2.88%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 4 $2,770,000 $692,500 $3,684 2.91%
    ST. CLOUD, MN (FHA|USDA|VA) 15 $2,665,000 $177,667 $3,071 3.33%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 6 $2,650,000 $441,667 $4,510 2.92%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 11 $2,635,000 $239,545 $3,190 3.20%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 13 $2,555,000 $196,538 $4,084 3.25%
    Edwards, CO (FHA|USDA|VA) 2 $2,390,000 $1,195,000 $5,727 2.94%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 9 $2,315,000 $257,222 $3,751 3.36%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 9 $2,315,000 $257,222 $4,101 3.04%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 7 $2,275,000 $325,000 $4,536 2.82%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 10 $2,260,000 $226,000 $4,119 3.50%
    PITTSBURGH, PA (FHA|USDA|VA) 8 $2,170,000 $271,250 $6,145 3.12%
    ANN ARBOR, MI (FHA|USDA|VA) 10 $1,950,000 $195,000 $3,480 3.91%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 7 $1,925,000 $275,000 $3,957 3.46%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 4 $1,870,000 $467,500 $5,477 3.03%
    Gardnerville Ranchos, NV (FHA|USDA|VA) 2 $1,790,000 $895,000 $4,664 3.00%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 5 $1,715,000 $343,000 $3,410 2.88%
    Grand Rapids, MN (FHA|USDA|VA) 9 $1,705,000 $189,444 $3,116 3.17%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 4 $1,660,000 $415,000 $2,842 2.91%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 6 $1,470,000 $245,000 $3,360 3.35%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 3 $1,465,000 $488,333 $3,533 3.00%
    APPLETON, WI (FHA|USDA|VA) 4 $1,380,000 $345,000 $2,925 2.81%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 5 $1,325,000 $265,000 $3,556 3.20%
    FARGO, ND-MN (FHA|USDA|VA) 6 $1,240,000 $206,667 $3,155 3.14%
    MADISON, WI (FHA|USDA|VA) 3 $1,185,000 $395,000 $3,727 2.92%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 5 $1,125,000 $225,000 $3,459 4.15%
    BOISE CITY, ID (FHA|USDA|VA) 4 $1,090,000 $272,500 $3,738 3.03%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 2 $1,070,000 $535,000 $3,559 2.75%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 3 $1,045,000 $348,333 $2,944 2.79%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 3 $1,015,000 $338,333 $3,435 3.16%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 4 $980,000 $245,000 $4,567 3.06%
    Sandpoint, ID (FHA|USDA|VA) 2 $980,000 $490,000 $3,748 2.94%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $960,000 $480,000 $2,943 2.88%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $905,000 $301,667 $2,918 2.58%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 5 $905,000 $181,000 $3,434 3.52%
    Alexandria, MN (FHA|USDA|VA) 4 $890,000 $222,500 $3,068 3.09%
    THE VILLAGES, FL (FHA|USDA|VA) 5 $865,000 $173,000 $3,152 3.33%
    BELLINGHAM, WA (FHA|USDA|VA) 2 $850,000 $425,000 $3,620 2.94%
    PUNTA GORDA, FL (FHA|USDA|VA) 5 $835,000 $167,000 $3,414 4.20%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $830,000 $415,000 $3,019 3.19%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $830,000 $415,000 $6,647 2.56%
    JACKSONVILLE, FL (FHA|USDA|VA) 3 $805,000 $268,333 $3,830 2.88%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 4 $790,000 $197,500 $3,564 3.00%
    Breckenridge, CO (FHA|USDA|VA) 1 $775,000 $775,000 $4,933 3.13%
    KNOXVILLE, TN (FHA|USDA|VA) 3 $775,000 $258,333 $4,438 4.54%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 4 $760,000 $190,000 $3,399 2.88%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 3 $755,000 $251,667 $4,304 3.13%
    Spirit Lake, IA (FHA|USDA|VA) 2 $720,000 $360,000 $3,222 2.81%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 2 $720,000 $360,000 $2,811 2.88%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 3 $695,000 $231,667 $2,461 3.21%
    Seneca, SC (FHA|USDA|VA) 2 $690,000 $345,000 $3,608 3.00%
    EAU CLAIRE, WI (FHA|USDA|VA) 4 $690,000 $172,500 $2,442 3.06%
    Durango, CO (FHA|USDA|VA) 1 $675,000 $675,000 $2,971 3.00%
    Menomonie, WI (FHA|USDA|VA) 2 $670,000 $335,000 $3,595 3.00%
    FRESNO, CA (FHA|USDA|VA) 2 $650,000 $325,000 $3,660 3.18%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $645,000 $645,000 $2,879 3.13%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 3 $615,000 $205,000 $3,461 4.04%
    ALBUQUERQUE, NM (FHA|USDA|VA) 2 $610,000 $305,000 $5,522 2.81%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $610,000 $305,000 $3,418 2.75%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 3 $605,000 $201,667 $2,638 3.79%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $605,000 $605,000 $4,409 3.13%
    RENO, NV (FHA|USDA|VA) 2 $600,000 $300,000 $3,187 3.00%
    BEND, OR (FHA|USDA|VA) 1 $575,000 $575,000 $6,117 2.88%
    WORCESTER, MA-CT (FHA|USDA|VA) 1 $565,000 $565,000 $3,674 3.13%
    New Ulm, MN (FHA|USDA|VA) 3 $565,000 $188,333 $3,236 3.96%
    MONROE, MI (FHA|USDA|VA) 5 $565,000 $113,000 $3,386 3.43%
    OCALA, FL (FHA|USDA|VA) 3 $565,000 $188,333 $3,540 2.92%
    Traverse City, MI (FHA|USDA|VA) 3 $555,000 $185,000 $3,036 5.13%
    Ellensburg, WA (FHA|USDA|VA) 1 $535,000 $535,000 $3,339 2.88%
    Bozeman, MT (FHA|USDA|VA) 3 $535,000 $178,333 $3,203 3.29%
    PROVO-OREM, UT (FHA|USDA|VA) 2 $510,000 $255,000 $2,994 3.13%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $505,000 $168,333 $2,127 3.04%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 2 $500,000 $250,000 $3,987 2.69%
    Adrian, MI (FHA|USDA|VA) 3 $495,000 $165,000 $2,544 4.21%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $465,000 $465,000 $4,568 2.88%
    SAVANNAH, GA (FHA|USDA|VA) 3 $455,000 $151,667 $3,137 2.75%
    Winona, MN (FHA|USDA|VA) 2 $450,000 $225,000 $2,739 2.94%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $445,000 $445,000 $3,734 3.13%
    SIOUX FALLS, SD (FHA|USDA|VA) 1 $435,000 $435,000 $2,249 3.13%
    Outside of Metro Areas 1 $415,000 $415,000 $6,859 2.88%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $410,000 $205,000 $4,203 4.62%
    TUCSON, AZ (FHA|USDA|VA) 3 $405,000 $135,000 $3,023 3.21%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $405,000 $405,000 $4,660 2.75%
    Key West, FL (FHA|USDA|VA) 1 $405,000 $405,000 $7,023 3.13%
    CHICO, CA (FHA|USDA|VA) 2 $400,000 $200,000 $2,810 2.94%
    RALEIGH-CARY, NC (FHA|USDA|VA) 2 $390,000 $195,000 $2,751 3.00%
    Montrose, CO (FHA|USDA|VA) 1 $365,000 $365,000 $2,211 2.75%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $365,000 $365,000 $3,328 2.75%
    BLOOMINGTON, IN (FHA|USDA|VA) 1 $365,000 $365,000 $5,698 3.13%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $360,000 $180,000 $3,491 2.81%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $355,000 $355,000 $6,858 3.13%
    GREEN BAY, WI (FHA|USDA|VA) 3 $345,000 $115,000 $2,057 3.00%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $345,000 $345,000 $3,230 3.13%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $335,000 $335,000 $2,492 2.75%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $335,000 $335,000 $3,065 2.75%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $335,000 $335,000 $6,537 3.13%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $325,000 $325,000 $4,437 3.13%
    Concord, NH (FHA|USDA|VA) 1 $325,000 $325,000 $2,845 3.13%
    Port Angeles, WA (FHA|USDA|VA) 1 $315,000 $315,000 $5,168 3.13%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $310,000 $155,000 $0 4.25%
    NILES, MI (FHA|USDA|VA) 1 $305,000 $305,000 $3,710 2.88%
    Newport, OR (FHA|USDA|VA) 1 $295,000 $295,000 $5,493 3.38%
    Bemidji, MN (FHA|USDA|VA) 1 $295,000 $295,000 $3,404 2.63%
    SPARTANBURG, SC (FHA|USDA|VA) 2 $290,000 $145,000 $3,575 3.13%
    MISSOULA, MT (FHA|USDA|VA) 1 $285,000 $285,000 $3,656 3.00%
    LONGVIEW, TX (FHA|USDA|VA) 1 $285,000 $285,000 $3,876 3.00%
    COLUMBUS, OH (FHA|USDA|VA) 2 $280,000 $140,000 $3,099 3.56%
    Hillsdale, MI (FHA|USDA|VA) 2 $280,000 $140,000 $2,720 3.00%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 2 $270,000 $135,000 $2,687 3.44%
    Kalispell, MT (FHA|USDA|VA) 1 $265,000 $265,000 $6,996 3.25%
    TULSA, OK (FHA|USDA|VA) 2 $260,000 $130,000 $3,362 3.00%
    ANCHORAGE, AK (FHA|USDA|VA) 3 $255,000 $85,000 $3,076 4.17%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $255,000 $255,000 $3,290 2.75%
    WINCHESTER, VA-WV (FHA|USDA|VA) 1 $245,000 $245,000 $3,122 2.88%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $245,000 $245,000 $4,986 2.63%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $245,000 $245,000 $5,287 2.50%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $240,000 $120,000 $2,245 3.06%
    Austin, MN (FHA|USDA|VA) 2 $240,000 $120,000 $2,842 3.00%
    FLINT, MI (FHA|USDA|VA) 1 $235,000 $235,000 $2,630 3.00%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $235,000 $235,000 $2,879 3.13%
    Baraboo, WI (FHA|USDA|VA) 1 $235,000 $235,000 $3,160 2.88%
    Willmar, MN (FHA|USDA|VA) 2 $210,000 $105,000 $2,563 2.88%
    PEORIA, IL (FHA|USDA|VA) 1 $205,000 $205,000 $1,797 2.75%
    CLEVELAND, TN (FHA|USDA|VA) 1 $205,000 $205,000 $2,139 3.25%
    Minot, ND (FHA|USDA|VA) 1 $205,000 $205,000 $2,931 3.13%
    Pierre, SD (FHA|USDA|VA) 1 $205,000 $205,000 $3,068 2.88%
    BAY CITY, MI (FHA|USDA|VA) 1 $205,000 $205,000 $5,776 3.25%
    BILLINGS, MT (FHA|USDA|VA) 1 $205,000 $205,000 $3,276 2.75%
    Huntsville, TX (FHA|USDA|VA) 1 $195,000 $195,000 $3,648 3.25%
    AMES, IA (FHA|USDA|VA) 1 $185,000 $185,000 $2,500 2.75%
    Stevens Point, WI (FHA|USDA|VA) 1 $185,000 $185,000 $2,086 3.00%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $175,000 $175,000 $3,356 2.88%
    BOULDER, CO (FHA|USDA|VA) 2 $170,000 $85,000 $2,912 4.69%
    BRUNSWICK, GA (FHA|USDA|VA) 1 $165,000 $165,000 $3,430 3.38%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $155,000 $155,000 $2,799 2.75%
    BISMARCK, ND (FHA|USDA|VA) 1 $155,000 $155,000 $2,880 2.50%
    BATTLE CREEK, MI (FHA|USDA|VA) 1 $155,000 $155,000 $3,964 2.38%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $145,000 $145,000 $2,379 2.88%
    MOBILE, AL (FHA|USDA|VA) 1 $145,000 $145,000 $2,715 3.13%
    MIDLAND, MI (FHA|USDA|VA) 1 $145,000 $145,000 $2,614 3.00%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $145,000 $145,000 $1,766 2.75%
    JACKSON, MI (FHA|USDA|VA) 1 $135,000 $135,000 $2,398 3.13%
    Albert Lea, MN (FHA|USDA|VA) 1 $135,000 $135,000 $2,132 3.13%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $135,000 $135,000 $6,006 3.00%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $135,000 $135,000 $4,135 2.88%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $125,000 $125,000 $2,924 2.75%
    Fairmont, MN (FHA|USDA|VA) 1 $125,000 $125,000 $2,666 2.75%
    Pullman, WA (FHA|USDA|VA) 1 $125,000 $125,000 $2,582 3.25%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 2 $120,000 $60,000 $2,259 3.62%
    Houghton, MI (FHA|USDA|VA) 1 $115,000 $115,000 $2,333 2.63%
    Lebanon, NH-VT (FHA|USDA|VA) 1 $115,000 $115,000 $2,335 3.00%
    Rochelle, IL (FHA|USDA|VA) 1 $105,000 $105,000 $2,848 3.00%
    SALISBURY, MD-DE (FHA|USDA|VA) 1 $105,000 $105,000 $2,706 3.13%
    RAPID CITY, SD (FHA|USDA|VA) 1 $105,000 $105,000 $2,601 2.75%
    Moultrie, GA (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.49%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $105,000 $105,000 $2,521 3.25%
    Owatonna, MN (FHA|USDA|VA) 1 $95,000 $95,000 $2,225 2.88%
    Chillicothe, OH (FHA|USDA|VA) 1 $95,000 $95,000 $3,202 3.63%
    SANTA FE, NM (FHA|USDA|VA) 1 $95,000 $95,000 $3,236 2.63%
    Albertville, AL (FHA|USDA|VA) 1 $95,000 $95,000 $4,417 2.88%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $95,000 $95,000 $2,640 2.25%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $85,000 $85,000 $2,683 3.25%
    RICHMOND, VA (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.50%
    Palatka, FL (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.00%
    GREELEY, CO (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.49%
    KANKAKEE, IL (FHA|USDA|VA) 1 $65,000 $65,000 $4,863 2.88%
    Marquette, MI (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.49%
    LANCASTER, PA (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.99%
    Berlin, NH (FHA|USDA|VA) 1 $55,000 $55,000 $3,752 2.88%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.50%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.50%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.49%
    Lewisburg, TN (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.99%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.49%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.50%
    YUBA CITY, CA (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.99%
    Wings Financial's top markets include Minneapolis, Brainerd, Seattle, Vermillion, and Atlanta among others.

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,033 $1,211,355,000 $300,361 $3,432 2.96%
    HELOC 1,797 $135,395,000 $75,345 n/a 4.33%

    For 2020, Wings Financial's most frequently originated type of loan was Conventional, with 4,033 originations. Their 2nd most popular type was HELOC, with 1,797 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,956 $487,610,000 $249,289 $2,947 3.10%
    Home Purchase 1,276 $453,250,000 $355,212 $3,566 3.04%
    Cash Out Refi 1,122 $303,280,000 $270,303 $4,020 2.96%
    Home Improvement 759 $51,425,000 $67,754 $0 4.28%
    Other 717 $51,185,000 $71,388 $0 4.45%

    For 2020, Wings Financial's most frequently cited loan purpose was Refi, with 1,956 originations. The 2nd most popular reason was Home Purchase, with 1,276 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,461 $768,235,000 $312,164 $3,522 3.06%
    20 Year 2,191 $306,055,000 $139,687 $3,455 3.50%
    15 Year 1,010 $151,340,000 $149,842 $3,170 4.01%
    10 Year 164 $110,790,000 $675,549 $2,934 2.77%
    Other 3 $9,425,000 $3,141,667 $6,483 3.46%
    5 Year 1 $905,000 $905,000 $0 3.99%

    For 2020, Wings Financial's most frequently cited loan duration was 30 Year, with 2,461 originations. The 2nd most popular length was 20 Year, with 2,191 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,761 $815,615,000 $295,406
    $1k-2k 460 $95,360,000 $207,304
    $2k-3k 397 $87,705,000 $220,919
    $3k-4k 240 $63,360,000 $264,000
    $4k-5k 96 $30,870,000 $321,563
    $5k+ 63 $22,415,000 $355,794

    Wings Financial's average total fees were $3,522, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,761 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 2,301 $634,375,000 $275,695
    3-4% 2,238 $561,570,000 $250,925
    4-5% 444 $45,790,000 $103,131
    5-6% 385 $22,795,000 $59,208
    <2.5% 364 $77,140,000 $211,923
    6-7% 75 $4,165,000 $55,533
    7-8% 15 $575,000 $38,333
    Over 8% 8 $340,000 $42,500

    During 2020, Wings Financial's average interest rate for loans was 3.06%, while their most frequently originated rate bucket for loans was 2.5-3%, with 2,301 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,152 $594,230,000 $276,129 $3,568 3.00%
    $100k-200k 1,561 $233,625,000 $149,664 $3,030 3.16%
    $100,000 or less 1,504 $79,670,000 $52,972 $2,463 4.31%
    $400k-600k 410 $195,890,000 $477,780 $3,982 3.00%
    $600k-1MM 168 $120,930,000 $719,821 $4,025 2.96%
    $1MM+ 35 $122,405,000 $3,497,286 $4,484 3.21%

    2020 saw Wings Financial place emphasis on $200k-400k loans with 2,152 originations, totaling $594,230,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,560 $324,350,000 $207,917 $3,448 3.39%
    $150k-250k 1,270 $325,120,000 $256,000 $3,646 3.45%
    $75k-100k 984 $178,010,000 $180,904 $3,389 3.33%
    $50k-75k 983 $154,905,000 $157,584 $3,235 3.35%
    $250k+ 524 $204,080,000 $389,466 $3,848 3.36%
    $50k or less 390 $44,200,000 $113,333 $3,012 3.38%

    Wings Financial lent most frequently to those with incomes in the $100k-150k range, with 1,560 originations. The second most popular income band? $150k-250k, with 1,270 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,807 $408,265,000 $225,935 $3,410 3.27%
    30-36% 1,154 $251,870,000 $218,258 $3,507 3.45%
    <20% 930 $206,550,000 $222,097 $3,166 3.13%
    37% 174 $40,140,000 $230,690 $3,677 3.43%
    38% 166 $33,660,000 $202,771 $3,493 3.48%
    36% 166 $33,610,000 $202,470 $3,577 3.52%
    41% 164 $31,320,000 $190,976 $3,522 3.45%
    39% 162 $37,770,000 $233,148 $3,704 3.51%
    43% 156 $30,320,000 $194,359 $3,828 3.54%
    40% 153 $33,655,000 $219,967 $3,409 3.37%
    44% 149 $31,535,000 $211,644 $3,633 3.53%
    42% 141 $30,195,000 $214,149 $3,344 3.41%
    50-60% 110 $10,890,000 $99,000 $2,984 4.34%
    45% 94 $19,390,000 $206,277 $3,544 3.59%
    46% 89 $14,505,000 $162,978 $3,299 3.80%
    47% 64 $12,040,000 $188,125 $3,872 3.64%
    49% 62 $11,480,000 $185,161 $3,340 3.59%
    48% 54 $10,790,000 $199,815 $3,511 3.54%
    >60% 18 $2,580,000 $143,333 $3,105 4.12%

    Wings Financial lent most frequently to those with DTI ratios of 20-30%, with 1,807 originations. The next most common DTI ratio? 30-36%, with 1,154 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,498 $969,220,000 $215,478 $3,429 3.37%
    Not provided 758 $186,450,000 $245,976 $3,428 3.26%
    Not applicable 18 $96,330,000 $5,351,667 $0 3.93%
    Black 192 $36,890,000 $192,135 $3,596 3.49%
    Asian 164 $34,250,000 $208,841 $3,357 3.35%
    Native Hawaiian or Islander 137 $10,605,000 $77,409 $5,636 4.08%
    American Indian 41 $7,155,000 $174,512 $3,336 3.58%
    Asian Indian 7 $2,835,000 $405,000 $3,350 3.43%
    Other Asian 7 $1,475,000 $210,714 $3,272 3.05%
    Other Pacific Islander 4 $580,000 $145,000 $3,575 3.53%
    Chinese 1 $435,000 $435,000 $2,984 3.13%
    Korean 1 $265,000 $265,000 $5,510 2.75%
    Filipino 1 $135,000 $135,000 $2,560 3.13%
    1 $125,000 $125,000 $2,361 3.25%

    Approval Rates

    Total approvals of all applications
    91.19%

    Wings Financial has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.23%

    Wings Financial has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 5,830 $1,346,750,000 $231,003

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 15 $95,125,000 $6,341,667
    Single Family (1-4 Units):Manufactured 12 $2,010,000 $167,500
    Single Family (1-4 Units):Site-Built 5,803 $1,249,615,000 $215,339

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 782 $91,390,000 $116,867 $2,750 3.81%
    40-60% 834 $171,860,000 $206,067 $3,022 2.97%
    60-80% 1,926 $637,600,000 $331,049 $3,573 2.99%
    80-100% 1,184 $386,590,000 $326,512 $3,608 3.03%
    Under 20% 1,104 $59,310,000 $53,723 $2,696 4.45%