First-Time Homebuyers

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Here, homebuyers get a lot more than a great rate.

At Wings, everything we do is focused on setting members up to succeed. That's why we offer one of the most comprehensive suites of home-buying resources you'll find, including free homebuyer education, plus friendly Wings service for the life of your loan.

Flexible Borrowing Options

Loans specifically designed for first-time buyers let you choose between a low down payment or longer term length (up to 40 years).

As Little as 3% Down

With a Wings mortgage, you can purchase a home with as little as 3% down.1 See the difference a lower down payment can make.

Low Loan Origination Fee

Wings has a low origination fee on all our mortgage loans2 while other lenders often charge 1% of the loan amount. With a fixed fee, you could save hundreds, even thousands, in fees!

13% minimum down payment available for new-purchase, 30-year fixed-rate mortgage for first-time homebuyers only and adjustable-rate mortgages (ARMs) for all borrowers. Additional third-party closing costs will apply.

2Additional third-party closing costs will apply. Please speak to a Loan Officer for details.

Great loan options for first-time buyers.

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3% down, no PMI adjustable-rate mortgage

Buy with a down payment as low as 3% and pay no private mortgage insurance (PMI), available with select adjustable-rate mortgages.3

See Rates

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40-year, adjustable-rate mortgage (5/1 ARM)

Enjoy lower monthly payments over a longer loan term. Minimum 5% down payment required; no-PMI option available.4

See Rates

33% minimum down payment with no PMI available for first-time homebuyers' new purchase on all Adjustable-Rate Mortgages. Additional third-party closing costs will apply. No-PMI option rate is 0.25% higher than Adjustable-Rate Mortgage rates published at wingscu.com/mortgage.

440-year amortization available for first-time homebuyers’ new purchase on a 5/1 Adjustable-Rate Mortgage with a 5% minimum down payment. No-PMI option available with an additional rate add-on of 0.25%. Not available on jumbo loans. Membership with $5 Share Savings required before closing.

Compare your down payment options.

Purchase Price Total Down Payment

3% Down

$275,000

$8,250

10% Down

$275,000

$27,500

20% Down

$275,000

$55,000

3% Down

$350,000

$10,500

10% Down

$350,000

$35,000

20% Down

$350,000

$70,000

3% Down

$425,000

$12,750

10% Down

$425,000

$42,500

20% Down

$425,000

$85,000

Fixed and Adjustable-Rate Mortgage Rates

Fixed-Rate Loan
(up to $806,500)		 Purchase Rate
As Low As1 		Purchase
APR2 		Points3 ?

Points

Points are an amount paid to the mortgage lender at closing used to lower the interest rate. One point is equal to one percent of the loan amount (for example, 1 point on a $100,000 mortgage would equal $1,000).
 Loan
Amount 		Monthly
Payment4
30 Year 6.000% 6.105% 1.0 $350,000 $2,098.43
20 Year 5.625% 5.778% 1.0 $350,000 $2,432.38
15 Year 5.250% 5.480% 1.0 $350,000 $2,813.57
10 Year 5.125% 5.425% 1.0 $350,000 $3,733.71
Adjustable-Rate Loan
(up to $806,500)		 Purchase Rate
As Low As1 		Purchase
APR2 		Points3 ?

Points

Points are an amount paid to the mortgage lender at closing used to lower the interest rate. One point is equal to one percent of the loan amount (for example, 1 point on a $100,000 mortgage would equal $1,000).
 Loan
Amount 		Monthly
Payment4
10/1 ARM - 30 Year 5.750% 6.070% 1.0 $350,000 $2,042.50
7/1 ARM - 30 Year 5.500% 6.046% 1.0 $350,000 $1,987.26
5/1 ARM - 30 Year 5.375% 6.101% 1.0 $350,000 $1,959.90
5/1 ARM - 40 Year5 5.625% 6.220% 1.0 $350,000 $1,835.06
3/6 Month SOFR ARM 5.250% 6.692% 1.0 $350,000 $1,932.71
Fixed-Rate Loan
(up to $806,500)		 Refinance Rate
As Low As1 		Refinance
APR2 		Points3 ?

Points

Points are an amount paid to the mortgage lender at closing used to lower the interest rate. One point is equal to one percent of the loan amount (for example, 1 point on a $100,000 mortgage would equal $1,000).
 Loan
Amount 		Monthly
Payment4
30 Year 6.000% 6.105% 1.0 $350,000 $2,098.43
20 Year 5.625% 5.778% 1.0 $350,000 $2,432.38
15 Year 5.250% 5.480% 1.0 $350,000 $2,813.57
10 Year 5.125% 5.425% 1.0 $350,000 $3,733.71
Adjustable-Rate Loan
(up to $806,500)		 Refinance Rate
As Low As1 		Refinance
APR2 		Points3 ?

Points

Points are an amount paid to the mortgage lender at closing used to lower the interest rate. One point is equal to one percent of the loan amount (for example, 1 point on a $100,000 mortgage would equal $1,000).
 Loan
Amount 		Monthly
Payment4
10/1 ARM - 30 Year 5.750% 6.070% 1.0 $350,000 $2,042.50
7/1 ARM - 30 Year 5.500% 6.046% 1.0 $350,000 $1,987.26
5/1 ARM - 30 Year 5.375% 6.101% 1.0 $350,000 $1,959.90
3/6 Month SOFR ARM 5.250% 6.692% 1.0 $350,000 $1,932.71
Purchase
Construction Loans Rate As Low As1 APR2 Loan Amount Monthly Payment4
12 Month Construction 4.875% 6.468% $350,000 $710.94
3/6 Month Construction SOFR ARM 5.750% 7.031% $350,000 $838.54
Jumbo Loan
(greater than $806,500)		 Refinance Rate
As Low As1 		Refinance
APR2 		Points3 ?

Points

Points are an amount paid to the mortgage lender at closing used to lower the interest rate. One point is equal to one percent of the loan amount (for example, 1 point on a $100,000 mortgage would equal $1,000).
 Loan
Amount 		Monthly
Payment4
10/1 ARM - 30 Year 5.750% 6.056% 1.0 $950,000 $5,543.94
7/1 ARM - 30 Year 5.500% 6.032% 1.0 $950,000 $5,394.00
5/1 ARM - 30 Year 5.375% 6.086% 1.0 $950,000 $5,319.73
3/6 Month Jumbo SOFR ARM 5.375% 6.694% 1.0 $950,000 $5,319.73
30 Year Fixed 6.000% 6.090% 1.0 $950,000 $5,695.73
Jumbo Loan
(greater than $806,500)		 Purchase Rate
As Low As1 		Purchase
APR2 		Points3 ?

Points

Points are an amount paid to the mortgage lender at closing used to lower the interest rate. One point is equal to one percent of the loan amount (for example, 1 point on a $100,000 mortgage would equal $1,000).
 Loan
Amount 		Monthly
Payment4
10/1 ARM - 30 Year 5.750% 6.056% 1.0 $950,000 $5,543.94
7/1 ARM - 30 Year 5.500% 6.032% 1.0 $950,000 $5,394.00
5/1 ARM - 30 Year 5.375% 6.086% 1.0 $950,000 $5,319.73
3/6 Month Jumbo SOFR ARM 5.375% 6.694% 1.0 $950,000 $5,319.73
30 Year Fixed 6.000% 6.090% 1.0 $950,000 $5,695.73
Refinance
Construction Loans
Jumbo Construction Loans Rate As Low As1 APR2 Loan Amount Monthly Payment4
12 Month Jumbo Construction 4.875% 5.457% $950,000 $1,929.69
3/6 Month Jumbo Construction SOFR ARM 5.875% 7.023% $950,000 $2,325.52
Lot Loans
Lot Loans Rate As Low As1 APR2 Loan Amount Monthly Payments4
3 Year Lot Balloon 6.125% 6.411% $350,000 $2,532.81
Rates effective as of December 4, 2025 and subject to change.

Free homebuyer education

Prepare yourself for your homebuying journey with Wings' home buying seminars, featuring knowledgeable real estate professionals. Plus, receive a $100 Wings Visa® Gift Card if you attend a home buying Seminar and use Wings for your mortgage!

Register Today

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Wings Preferred Buyer Letter

With a Wings Preferred Buyer Letter, you can shop for a home with confidence. Reviewing your income, assets, and credit help the Wings Mortgage team provide you with an accurate assessment of how much you can afford to borrow. This also means that a Wings Preferred Buyer Letter helps you make a strong offer when you’re ready to take the next step on your homebuying journey.

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Common Questions About Buying Your First Home.

See All FAQs

What is escrow?

An escrow account is a common feature of a mortgage loan. An escrow account makes it easier to pay necessary expenses on your property – like taxes and insurance – by incorporating them into your monthly mortgage payment, rather than paying them in lump sums.

What is Private Mortgage Insurance (PMI)?

PMI is typically required if your down payment is less than 20% of the home's value. It is designed to protect the lender in case you stop making payments on your loan.

Our Loan Officers are here to help.

Buying a home is one of the biggest purchases most people will make. Whether you're ready to apply or just gathering information, Wings Loan Officers are here to help answer your mortgage loan questions. The Wings Mortgage team can be reached via phone directly at (952) 997-8462.

Contact Us Today

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Helping you reach your goals.

Get details and guidance about savings, checking, loans and more. We’ll help you take the next step forward, together.

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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.

Protect Your Home

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Mortgage Loans

With a wide range of Fixed- and Adjustable-Rate Mortgages, Wings offers the options, experience and support to help you finance your home. It’s not about fitting a member into a mortgage. It’s about fitting the right mortgage to a member.

More about Mortgages

Open a First-Time Homebuyers Mortgage Loan at: