You're never more than half an hour from nowhere in Wyoming! Abundant in wildlife and sparse in population, Wyoming is known more for its breathtaking natural splendor than sprawling metropolitan areas, which makes it the ideal place to buy a home for those looking for a little more room to grow.
FHA loans can help you grab your own little slice of the Cowboy State. Securing an FHA loan in Wyoming could be the right choice for you, especially if you have a less-than-perfect credit score or don’t have enough cash for a down payment. Keep reading to learn more about Wyoming FHA loans.
Despite a population of under 600,000 people, the total value of FHA loans in the state of Wyoming was over $31 million as of April 2019! So whether you’re looking to live in Cheyenne, Casper or one of Wyoming’s many beautiful small towns, the FHA loan program can be a reliable mortgage option when buying a home.
Since there are maximum FHA loan amounts for FHA loans in Wyoming, you should have some idea of how much you can borrow before you start shopping. The maximum loan limit is adjusted every year and varies depending on where you want to live in Wyoming.
For example, the loan limit for most of Wyoming is $314,827, but if you purchase a home in Teton County, that limit goes up to $726,525. Check out the table below for the full list of loan limits for Wyoming in 2019:
|County||FHA Loan Limit|
|All other areas||$314,827|
You may be eligible for an FHA loan, if you:
Buyers must be able to provide the following information and documents as requested by lenders:
Note: Facts and figures sourced from the latest statistics available at the time of this writing including data from the United States Department of Labor, United States Census Bureau and the United States Department of Housing and Urban Development.