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First-Time Buyer loans in Wyoming

Quick answer

First-time buyers in Wyoming can use FHA (3.5% down), conventional 97 (3% down), VA or USDA loans, plus programs from Wyoming Community Development Authority (WCDA). On a $285,100 home, 3% down is about $8,553.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast updated

First-Time Buyer loan snapshot for Wyoming

ItemEstimate
Minimum down payment0%–3.5%
Minimum credit score580–620
Typical WY home value$285,100
3.5% down on typical home$9,979
20% down on typical home$57,020
Avg. effective property tax0.58%/yr (~$138/mo)
Income for typical home (31% rule)$87,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Which Wyoming programs pair with First-Time Buyer loans?

  • Home Buyer Program: Fixed-rate first mortgages for eligible buyers.
  • Amortizing Down Payment Assistance: A second loan repaid monthly to help with down payment and closing costs.

Details and current limits: Wyoming Community Development Authority (WCDA).

Compare first-time buyer loan options

LoanMin. downMin. creditMortgage insurance
FHA3.5%5801.75% upfront + annual MIP
Conventional 97 / HomeReady / Home Possible3%620PMI, removable
VA0%Lender-set (~580–620)None (funding fee)
USDA0%~6401% upfront + 0.35% annual

Who counts as a first-time home buyer?

Under HUD and most agency definitions, you're a first-time buyer if you haven't owned a principal residence in the last three years. Single parents and displaced homemakers who only owned with a former spouse may also qualify.

First-Time Buyer loans in Wyoming cities

First-Time Buyer in CheyenneFirst-Time Buyer in CasperFirst-Time Buyer in GilletteFirst-Time Buyer in LaramieFirst-Time Buyer in Rock SpringsFirst-Time Buyer in SheridanFirst-Time Buyer in EvanstonFirst-Time Buyer in Green RiverFirst-Time Buyer in RivertonFirst-Time Buyer in JacksonFirst-Time Buyer in Cody

Frequently asked questions

Yes. First-Time Buyer loans are available statewide in Wyoming through approved lenders, subject to county loan limits where they apply.

Often yes. Wyoming Community Development Authority (WCDA) and local programs frequently pair assistance with FHA, conventional, VA or USDA first mortgages. Eligibility depends on income, price and program rules.

Answer a few questions on Purchase Mortgage Loan and we'll match you with lenders and loan officers in our network who serve Wyoming.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.