WY Homebuyers Programs Using Current WY Mortgage Rates
Wyoming residents can benefit from many different home loan programs that offer better-than-current Wyoming mortgage interest rates. The key to these programs is working with the Wyoming Community Development Authority (WCDA). While the WCDA isn’t a bank, they do offer resources and act as guarantor of your loan. By working with this organization, you can access special interest rates and increase your chances of getting approved and taking advantage of low Wyoming mortgage interest rates.

Wyoming Mortgage Interest Rates and Loan Programs
The WCDA is a good resource for any Wyoming resident who is planning on either purchasing his or her first home, or thinking about making improvements to a current home. As part of this department's mission to assist Wyoming residents, they have enacted the following programs:

• Down Payment Loan Program
• Home Run Program
• Homebuyer Assistance Program
• Spirit of Wyoming Program
• Standard Homebuyer Program.

One of the most popular programs is the Standard Homebuyer Program which helps low and moderate-income families buy a home. Through this program, the WCDA offers low WY mortgage interest rates for first time homebuyers who meet income and purchase price restrictions.

Home Run Program Using WY Mortgage Interest Rates
If you want to buy a new home in Wyoming, the Home Run Program encourages developers to build affordable homes and then assists first time buyers with purchasing those homes, allowing them to use low Wyoming mortgage rates. In order to qualify for this program, a purchase price limit applies, and the home must various building code requirements.

The Spirit of Wyoming Program and the Lowest WY Mortgage Rates
The Spirit of Wyoming Homeownership Initiative was designed to help bring individuals in certain occupations to communities throughout Wyoming. Loans in this program are financed by independent banks and lending partners, and are offered to the following occupations:

• correctional officers
• healthcare workers
• librarians
• social workers
• teachers.

The Homebuyer Assistance Program and Down Payment Assistance Loan
If you want to get into a home and need money for a down payment, the Wyoming Community Development Authority offers two options:

• The Homebuyer Assistance Program
• The Down Payment Loan Program

The Homebuyer Assistance Program offers a limited amount to cover down payment and closing costs, in addition to a 30-year, low interest rate deferred loan. The program arranges a loan through a qualified lender who has been previously screened and approved by the Authority.

The Down Payment Loan Program is offered to first time homebuyers in the form of a second mortgage of up to $10,000 to cover closing and down payment costs of the first mortgage lender.  With a minimum cash investment of $1,500 or 2 percent of the loan amount a borrower can makes payments as little as $25 per month.