Borrow Smarter - Mortgage Loans
Give yourself some credit with a Wings Mortgage.
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Bringing you purchase and refinance options for real life.
At Wings Financial, we’re bringing something new to the mortgage world: flexibility. With a wide range of fixed and adjustable-rate options, Wings offers the choices, experience and support to help you finance or refinance your home. At the end of the day, it’s not about fitting a member into a mortgage. It’s about fitting the right mortgage to a member.
Homebuyer Education
Prepare yourself for your home buying journey with Wings' home buying and home selling seminars, featuring knowledgeable real estate professionals.
Flexible Product Options
Fixed and adjustable-rate mortgage options provide flexibility for your payments, rate and term.
Contact Our Team
Wings Loan Officers are here to help you answer your loan questions. Reach out to schedule an appointment (in-person or virtual) or communicate via phone or email with our team.
Compare & find the best account for you.
| Fixed-Rate Mortgages | Adjustable-Rate Mortgages (ARM) | Jumbo Mortgages | ||
|---|---|---|---|---|
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Overview |
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Offers lower rates than a standard fixed-rate mortgage, with a fixed rate for the first 5, 7, or 10 years. After that, the rate may adjust annually. If you are a first-time homebuyer or do not plan on staying in your home for more than a few years, a Wings ARM loan may be right for you. |
Wings offers jumbo financing at a great rate. With fixed- and adjustable-rate jumbo mortgages, low closing costs and a low origination fee on all closed loans, Wings makes it easy to get the most home for your money. |
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Available Options |
30-year, 20-year, 15-year, and 10-year fixed; |
30-year 10/1, 7/1, and 5/1 ARM; |
30-year fixed; 30-year 10/1, 7/1, and 5/1 ARM; |
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Minimum Down Payment |
5%; 3% for first-time homebuyers |
5%; 3% for first-time homebuyers |
10% |
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PMI Required? |
Yes, if down payment is less than 20% |
Yes, if the down payment is less than 20%. No-PMI options available for down payments as low as 10% or 3% for first-time homebuyers |
Yes, if down payment is less than 20% |
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Loan Origination Fee |
$1,250 or less1 |
$1,250 or less1 |
$1,500 |
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Closing Costs |
No application, processing, underwriting or document prep fees; |
No application, processing, underwriting or document prep fees; |
No application, processing, underwriting or document prep fees; |
1Origination Fee: $1,250 or 1% of loan amount, whichever is lower
Mortgage Rates for New Purchases
| Adjustable-Rate Loan (up to $766,550) |
Purchase Rate As Low As1 |
Purchase APR2 |
Loan Amount |
Monthly Payment |
|---|---|---|---|---|
| 10/1 ARM - 30 Year | 5.750% | 6.181% | $350,000 | $2,042.50 |
| 7/1 ARM - 30 Year | 5.625% | 6.221% | $350,000 | $2,014.80 |
| 5/1 ARM - 30 Year | 5.375% | 6.265% | $350,000 | $1,959.90 |
| 5/1 ARM - 40 Year | 5.625% | 6.396% | $350,000 | $1,835.06 |
| Construction Loans | Rate As Low As1 | APR2 | Loan Amount | Monthly Payment4 |
|---|---|---|---|---|
| 12 Month Construction | 4.875% | 6.095% | $625,150 | $1,269.84 |
| 12 Month Jumbo Construction | 4.875% | 5.688% | $1,102,500 | $2,239.45 |
| 3/6 Month SOFR Construction ARM | 6.125% | 7.342% | $355,450 | $2,159.75 |
| Fixed-Rate Loan (up to $766,550) |
Purchase Rate As Low As1 |
Purchase APR2 |
Loan Amount |
Monthly Payment |
|---|---|---|---|---|
| 30 Year | 6.250% | 6.371% | $350,000 | $2,155.01 |
| 20 Year | 5.750% | 5.907% | $350,000 | $2,457.29 |
| 15 Year | 5.375% | 5.571% | $350,000 | $2,836.63 |
| 10 Year | 5.125% | 5.403% | $350,000 | $3,733.71 |
| Lot Loans | Rate As Low As1 | APR2 | Loan Amount | Monthly Payment4 |
|---|---|---|---|---|
| 3 Year Lot Balloon | 7.125% | 7.369% | $225,000 | $1,761.34 |
| Jumbo Loan (greater than $766,550) |
Purchase Rate As Low As1 |
Purchase APR2 |
Loan Amount |
Monthly Payment |
|---|---|---|---|---|
| 10/1 ARM | 6.125% | 6.313% | $950,000 | $5,772.30 |
| 7/1 ARM | 6.000% | 6.322% | $950,000 | $5,695.73 |
| 5/1 ARM | 5.750% | 6.298% | $950,000 | $5,543.94 |
| 30 Year Fixed | 6.500% | 6.518% | $950,000 | $6,004.65 |
| Construction Loans |
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| Lot Loans |
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General Terms for all Loans:
1Rates are based on an evaluation of your credit history and other factors, so your rate may differ.
2The APR (Annual Percentage Rate) and monthly payment examples assume a 20% down payment and $1143.80 ($1178.80 JUMBO) estimated borrower pre-paid finance charges. If the down payment is less than 20%, private mortgage insurance (PMI) may be required on the loan and could result in an increased APR and payment.
Rate Locks - 60 Days - No Fee
$950 loan origination fee - Additional third-party closing costs will apply.
Additional Fixed Rate Terms:
The 30-year fixed rate mortgage product with 3% minimum down payment (97% LTV) available to first-time home buyers only.
Fixed rate mortgages may be subject to FNMA fees based on credit score, LTV and other factors which may apply.
Additional Adjustable-Rate Mortgage (ARM) Terms:
Adjustable-Rate Mortgage (ARM) rates are subject to change according to product terms.
ARM product with 10% down payment (90% LTV) with no PMI are subject to a rate add on of 0.125%.
ARM product with 3% minimum down payment (97% LTV) with no PMI are available to first-time home buyers only subject to a rate add on of 0.25%.
3% minimum down payment (97% LTV) available to all homebuyers on ARM products but is subject to PMI.
Membership with a $5 Share Account required.
Rates effective as of August 29, 2025 and subject to change. General Terms for all Loans:
1Rates are based on an evaluation of your credit history and other factors, so your rate may differ.
2The APR (Annual Percentage Rate) and monthly payment examples assume a 20% down payment and $1143.80 ($1178.80 JUMBO) estimated borrower pre-paid finance charges. If the down payment is less than 20%, private mortgage insurance (PMI) may be required on the loan and could result in an increased APR and payment.
Rate Locks - 60 Days - No Fee
$950 loan origination fee - Additional third-party closing costs will apply.
Additional Fixed Rate Terms:
The 30-year fixed rate mortgage product with 3% minimum down payment (97% LTV) available to first-time home buyers only.
Fixed rate mortgages may be subject to FNMA fees based on credit score, LTV and other factors which may apply.
Additional Adjustable-Rate Mortgage (ARM) Terms:
Adjustable-Rate Mortgage (ARM) rates are subject to change according to product terms.
ARM product with 10% down payment (90% LTV) with no PMI are subject to a rate add on of 0.125%.
ARM product with 3% minimum down payment (97% LTV) with no PMI are available to first-time home buyers only subject to a rate add on of 0.25%.
3% minimum down payment (97% LTV) available to all homebuyers on ARM products but is subject to PMI.
Membership with a $5 Share Account required.
Rates effective as of August 29, 2025 and subject to change.
1Rates are based on an evaluation of your credit history and other factors, so your rate may differ.
2The APR (Annual Percentage Rate) and monthly payment examples assume a 20% down payment and $1143.80 ($1178.80 JUMBO) estimated borrower pre-paid finance charges. If the down payment is less than 20%, private mortgage insurance (PMI) may be required on the loan and could result in an increased APR and payment.
Rate Locks - 60 Days - No Fee
$950 loan origination fee - Additional third-party closing costs will apply.
Additional Fixed Rate Terms:
The 30-year fixed rate mortgage product with 3% minimum down payment (97% LTV) available to first-time home buyers only.
Fixed rate mortgages may be subject to FNMA fees based on credit score, LTV and other factors which may apply.
Additional Adjustable-Rate Mortgage (ARM) Terms:
Adjustable-Rate Mortgage (ARM) rates are subject to change according to product terms.
ARM product with 10% down payment (90% LTV) with no PMI are subject to a rate add on of 0.125%.
ARM product with 3% minimum down payment (97% LTV) with no PMI are available to first-time home buyers only subject to a rate add on of 0.25%.
3% minimum down payment (97% LTV) available to all homebuyers on ARM products but is subject to PMI.
Membership with a $5 Share Account required.
Rates effective as of August 29, 2025 and subject to change. General Terms for all Loans:
1Rates are based on an evaluation of your credit history and other factors, so your rate may differ.
2The APR (Annual Percentage Rate) and monthly payment examples assume a 20% down payment and $1143.80 ($1178.80 JUMBO) estimated borrower pre-paid finance charges. If the down payment is less than 20%, private mortgage insurance (PMI) may be required on the loan and could result in an increased APR and payment.
Rate Locks - 60 Days - No Fee
$950 loan origination fee - Additional third-party closing costs will apply.
Additional Fixed Rate Terms:
The 30-year fixed rate mortgage product with 3% minimum down payment (97% LTV) available to first-time home buyers only.
Fixed rate mortgages may be subject to FNMA fees based on credit score, LTV and other factors which may apply.
Additional Adjustable-Rate Mortgage (ARM) Terms:
Adjustable-Rate Mortgage (ARM) rates are subject to change according to product terms.
ARM product with 10% down payment (90% LTV) with no PMI are subject to a rate add on of 0.125%.
ARM product with 3% minimum down payment (97% LTV) with no PMI are available to first-time home buyers only subject to a rate add on of 0.25%.
3% minimum down payment (97% LTV) available to all homebuyers on ARM products but is subject to PMI.
Membership with a $5 Share Account required.
Rates effective as of August 29, 2025 and subject to change.
Mortgage Rates for Refinances
| Adjustable-Rate Loan (up to $766,550) |
Refinance Rate As Low As1 |
Refinance APR2 |
Loan Amount |
Monthly Payment |
|---|---|---|---|---|
| 15/1 ARM | 6.000% | 6.209% | $350,000 | $2,098.43 |
| 10/5 ARM | 6.000% | 6.296% | $350,000 | $2,098.43 |
| 10/1 ARM | 6.375% | 6.716% | $350,000 | $2,183.54 |
| 7/1 ARM | 6.125% | 6.676% | $350,000 | $2,126.64 |
| 5/1 ARM | 6.000% | 6.729% | $350,000 | $2,098.43 |
| Fixed-Rate Loan (up to $766,550) |
Refinance Rate As Low As1 |
Refinance APR2 |
Loan Amount |
Monthly Payment |
|---|---|---|---|---|
| 30 Year | 6.625% | 6.762% | $350,000 | $2,241.09 |
| 20 Year | 6.125% | 6.301% | $350,000 | $2,532.81 |
| 15 Year | 6.000% | 6.221% | $350,000 | $2,953.50 |
| 10 Year | 5.750% | 6.061% | $350,000 | $3,841.92 |
| Jumbo Loan (greater than $766,550) |
Refinance Rate As Low As1 |
Refinance APR2 |
Loan Amount |
Monthly Payment |
|---|---|---|---|---|
| 15/1 ARM | 5.875% | 6.055% | $800,000 | $4,732.30 |
| 10/5 ARM | 5.875% | 6.130% | $800,000 | $4,732.30 |
| 10/1 ARM | 6.375% | 6.692% | $800,000 | $4,990.96 |
| 7/1 ARM | 6.125% | 6.652% | $800,000 | $4,860.88 |
| 5/1 ARM | 6.000% | 6.705% | $800,000 | $4,796.40 |
| 30 Year Fixed | 6.625% | 6.740% | $800,000 | $5,122.49 |
General Terms for all Loans:
1Rates are based on an evaluation of your credit history and other factors, so your rate may differ.
2The APR (Annual Percentage Rate) and monthly payment examples assume 80% Loan-to-Value (LTV) and $1143.80 ($1178.80 JUMBO) estimated borrower pre-paid finance charges. If the LTV is greater than 80%, private mortgage insurance (PMI) may be required on the loan and could result in an increased APR and payment.
Rate Locks - 60 Days - No Fee
$950 loan origination fee - Additional third-party closing costs will apply.
Additional Fixed Rate Terms:
Fixed rate mortgages may be subject to FNMA fees based on credit score, LTV and other factors which may apply.
Additional Adjustable-Rate Mortgage (ARM) Terms:
Adjustable-Rate Mortgage (ARM) rates are subject to change according to product terms.
ARM product with 90% LTV with no PMI is subject to a rate add on of 0.125%
Membership with a $5 Share Account required.
Rates effective as of August 29, 2025 and subject to change.
1Rates are based on an evaluation of your credit history and other factors, so your rate may differ.
2The APR (Annual Percentage Rate) and monthly payment examples assume 80% Loan-to-Value (LTV) and $1143.80 ($1178.80 JUMBO) estimated borrower pre-paid finance charges. If the LTV is greater than 80%, private mortgage insurance (PMI) may be required on the loan and could result in an increased APR and payment.
Rate Locks - 60 Days - No Fee
$950 loan origination fee - Additional third-party closing costs will apply.
Additional Fixed Rate Terms:
Fixed rate mortgages may be subject to FNMA fees based on credit score, LTV and other factors which may apply.
Additional Adjustable-Rate Mortgage (ARM) Terms:
Adjustable-Rate Mortgage (ARM) rates are subject to change according to product terms.
ARM product with 90% LTV with no PMI is subject to a rate add on of 0.125%
Membership with a $5 Share Account required.
Rates effective as of August 29, 2025 and subject to change.
Education & Resources
Wings offers helpful resources for first-time homebuyers, as well as experienced buyers.
First-Time Homebuyers
If you are a first-time homebuyer, Wings has affordable loan options and free resources to guide your homebuying journey. Our knowledgeable, helpful Loan Officers will be by your side every step of the way to answer your questions.
Home Insurance
Homeowners Insurance, Renters Insurance, and Condo Insurance provide financial protection against damage and disasters inside and outside your residence. It helps keep your home in tip-top shape while keeping your pocketbook safe.
What our members love.
We love helping members like Adam and Rachel buy the home that’s right for them. We’ll support you with expert guidance, resources and advice from pre-approval to close.
Awards and Recognition
Best Credit Union
Best Home Mortgage
Twin Cities Business Best of Business
Best Home Mortgage
Star Tribune 2021 Minnesota’s Best
Let us help you get the financing you need.
We make it easy to apply for a mortgage. Apply today using our simple, online application and a Loan Officer will work with you to finalize your loan.
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