Types of Loans
Home Purchase Basics
Resources and Tools
Types of Loans
Fixed Rate Mortgage (Home) Loans
USDA, FHA, VA, Conventional, 1-4 Family financing available for 10, 15, 20 and 30 year terms
Fixed principal and interest payments
We will provide valuable loan cost comparisons to help you make an educated decision on your loan type and term
Cash-out refinancing available – quick turn-around times!
Adjustable Rate loans also available.
Guaranteed Rural Housing
102% financing based on appraised value. If appraisal value exceeds sales price, borrower can finance closing costs.
1-time upfront guarantee fee of 1% and a monthly mortgage insurance at .35%.
No asset requirements.
No first time homebuyer restrictions and no purchase price limitations!
No minimum cash contribution from borrower and it’s even possible to get your earnest money back at closing!
6% seller concessions and 100% gifting is allowed
Borrower(s) must be a U.S. citizen, a U.S. non-citizen national or a qualified alien
Must have an adjusted household income that is within Rural Development guidelines based on the
number of persons who will occupy the house
Property must be a primary residence
Property must be located in an eligible area
First-time Homebuyer Program with
Wyoming Community Development Authority
Down payment assistance available from WCDA
Below market rates for 30 year mortgages
6 acres max
Must have an adjusted household income that is within WCDA guidelines based on the number of persons who will occupy the house
Certain purchase price limitations apply depending on the county where you will purchase your home – most counties $258,600