How much down payment do I need to buy a house in Wyoming?

You can buy a home in Wyoming with as little as 0% down (VA/USDA), 3% down ($8,850 conventional), or 3.5% down ($10,325 FHA) on the median-priced home of $295,000.

What income do I need to buy a home in Wyoming?

To afford the median-priced home in Wyoming ($295,000) with a 30-year mortgage at 6.1%, you typically need a household income of approximately $72,365 per year (using the 28% rule). The median income in Wyoming is $65,003.

What is the FHA loan limit in Wyoming for 2026?

The FHA loan limit in Wyoming for 2026 is $472,030. This means first-time buyers using FHA loans can finance up to this amount with just 3.5% down payment.

First-Time Home Buyer Wyoming 2026

Q: What first-time home buyer programs are available in Wyoming?

Wyoming offers 2 major first-time buyer programs including WCDA Spruce Up, WCDA HFA Preferred. These programs provide grants, forgivable loans, and below-market rates to help with down payment and closing costs.

Your complete guide to buying your first home in Wyoming. 2+ down payment assistance programs, FHA loans from 5.9%, and step-by-step guidance.

Median Price

$295,000

Min Down (FHA)

$10,325

DPA Programs

Best Rate

5.9%

Check My Wyoming Eligibility

What First-Time Buyer Programs Are Available in Wyoming?

Wyoming offers 2 major first-time home buyer assistance programs. These include WCDA Spruce Up, WCDA HFA Preferred. Programs provide up to $35,000 rehab in down payment assistance through grants, forgivable loans, and below-market interest rates.

How Much Do I Need to Buy in Wyoming?

You can buy a home in Wyoming with as little as $0 down. VA and USDA loans require zero down payment. FHA loans need just 3.5% ($$10,325), and conventional loans start at 3% ($$8,850) on the median price of $295,000.

Loan Type	Down Payment	$ Amount	Monthly P&I	Min Credit
VA Loan	0%	$0	$1,740	620
USDA Loan	0%	$0	$1,788	640
Conventional 3%	3%	$8,850	$1,734	620
FHA Loan	3.5%	$10,325	$1,689	580
Conventional 20%	20%	$59,000	$1,430	620

Wyoming Down Payment Assistance Programs

WCDA Spruce Up

Purchase + renovation combo loan

Up to $35,000 rehablow interest

WCDA HFA Preferred

Below-market rate with DPA

Up to $10,000deferred

5 Steps to Buy Your First Home in Wyoming

To buy your first home in Wyoming, start by checking your credit score, getting pre-approved, and researching DPA programs. The entire process typically takes 30-60 days from pre-approval to closing. Here's your step-by-step roadmap.

Check Your Credit & Finances

Review your credit score (aim for 620+), calculate your debt-to-income ratio, and save for closing costs. In Wyoming, you may need as little as $10,325 for an FHA down payment.

Get Pre-Approved

Compare rates from at least 3 lenders. Current Wyoming rates: 6.1% (30-year), 5.9% (FHA). Pre-approval shows sellers you're serious and locks your rate.

Apply for Wyoming DPA Programs

Wyoming has 2+ DPA programs. The WCDA Spruce Up offers up to $35,000 rehab. Apply early—funding can be limited.

House Hunt & Make an Offer

Popular cities in Wyoming: Cheyenne, Casper, Laramie, Gillette, Rock Springs. Median price is $295,000 (+4.5% YoY). Work with a local real estate agent who knows the market.

Close on Your New Home

Closing costs in Wyoming typically run 2-5% of the purchase price ($8,850-$14,750). Some DPA programs also cover closing costs.

Start Your Wyoming Home Buying Journey

Get pre-approved in minutes and see what you qualify for.

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Wyoming First-Time Buyer FAQ

What first-time home buyer programs are available in Wyoming?

Wyoming offers 2 major programs: WCDA Spruce Up, WCDA HFA Preferred. These provide grants, forgivable loans, and below-market rates for down payment and closing cost assistance.