Wyoming 

Hey there! If you're thinking of buying a home for the first time, and haven't saved up for a down payment, you still might be able to get it done.

Before I jump into the programs, let me briefly explain how down payment assistance works.

How it works

Down payment assistance comes in two forms: a grant, or a loan

A grant doesn't require repayment.

A loan does require repayment, but there are 3 different ways:

Monthly repayment. This is where they charge you interest and a monthly payment until the loan is paid off

Silent second. This is where they don't charge you interest, they don't charge you monthly payments, they just require that you pay it back when you sell the home.

Forgivable. This is where they forgive the loan as long as you meet certain criteria. A common requirement is that you live in the home as your primary residence for a set number of years. Once you've completed the timeframe, they forgive your loan and you don't need to pay it.

Approved lenders only

These programs can only be handled by approved lenders. If you would like help from a local realtor familiar with the programs and lenders with access, fill out this form here and I will connect you with one.

Now that we have that out of the way, let's jump in! Below are the local programs available to help make homeownership more accessible.

Wyoming Community Development Authority (WCDA) – Home Again Program

  • Assistance: Provides down payment and closing cost assistance.

  • Terms: 0% interest second loan, repaid when the home is sold, refinanced, or paid off.

  • Eligibility: First-time and repeat homebuyers using a WCDA mortgage; minimum credit score of 620; income limits vary by county and household size.

  • More Information: WCDA Home Again Program

WCDA – Spruce Up Wyoming Program

  • Assistance: Provides affordable mortgages and renovation loans with down payment assistance.

  • Terms: Standard mortgage repayment terms.

  • Eligibility: Homebuyers purchasing homes needing repairs; income limits based on AMI.

  • More Information: WCDA Spruce Up Wyoming

Welcome Home Wyoming – Down Payment Assistance Program

  • Assistance: Provides a 30-year fixed-rate mortgage with options for down payment assistance as a grant or forgivable second mortgage.

  • Eligibility:
    • Minimum credit score of 640.

    • Income limits apply (e.g., maximum qualifying income of $131,600).

    • Completion of a homebuyer education course required.

  • More Information: Welcome Home Wyoming Program

WCDA – Home$tretch DPA Loan Product

  • Assistance: Provides up to $15,000 in assistance.

  • Terms: 0% interest rate, no monthly payments; loan due upon sale, refinance, or after 30 years.

  • Eligibility:
    • Minimum credit score of 620.

    • $1,500 minimum borrower contribution (may be a gift).

    • Must be used with WCDA’s First-Time Homebuyer or Spruce Up loan products.

  • More Information: WCDA Homebuyer Programs

WCDA – Amortizing DPA Loan Product

  • Assistance: Provides up to $15,000 in assistance.

  • Terms: Fixed interest rate with fully amortizing low monthly payments over a maximum 10-year term.

  • Eligibility:
    • Minimum credit score of 620.

    • $1,500 minimum borrower contribution (may be a gift).

    • Must be used with WCDA’s HFA Preferred or Advantage loan products.

  • More Information: WCDA Homebuyer Programs

Wyoming Housing Network, Inc.

  • Services: Provides homebuyer education courses required for many assistance programs.

  • More Information: Wyoming Housing Network

Program availability and terms can change, so it's essential to verify the most current information directly with the administering agencies.

These programs can only be handled by approved lenders. If you would like help from a local realtor familiar with the programs and lenders with access, fill out this form here and I will connect you with one.