Wyoming FHA Loan Rates, Closing Costs & Stats

Wyoming

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Wyoming FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Wyoming averaged -0.36% for the week of 2024-11-15, compared to the national average (all FHA variants) of 0% for the same period.

    Wyoming's average FHA mortgage closing costs are $7,559.

    The average rate for the prior week (2024-11-08) was 6.25% and one month ago for the week of 2024-10-11, the average rate was 5.76%.

    The average rate one year ago was 7.3%.

    For refis of the same type during the week of 2024-11-15, the average rate was -0.09%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Wyoming FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Wyoming level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Wallick & Volk, Inc. 173 6.28% $9,208
    QUICKEN LOANS, LLC 156 6.25% $11,883
    UNITED WHOLESALE MORTGAGE, LLC 137 6.30% $10,531
    GUILD MORTGAGE COMPANY 112 6.29% $10,147
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 86 6.38% $11,151
    BAY EQUITY LLC 80 6.40% $10,277
    CROSSCOUNTRY MORTGAGE, LLC 53 6.19% $11,212
    AMERICAN PACIFIC MORTGAGE CORPORATION 41 6.24% $10,460
    PRIMARY RESIDENTIAL MORTGAGE, INC. 38 6.33% $12,450
    Glacier Bank 35 6.46% $9,073
    Jonah Bank of Wyoming 32 5.95% $12,047
    Pinnacle Bank - Wyoming 29 6.16% $9,329
    Paramount Residential Mortgage Group, Inc. 24 7.07% $11,370
    First Interstate Bank 24 5.91% $11,079
    CORNERSTONE HOME LENDING, INC. 24 5.94% $12,558
    BROKER SOLUTIONS, INC. 23 6.53% $12,109
    Unify Home Lending Inc. 22 6.27% $9,340
    NEWREZ LLC 21 6.16% $11,452
    AXIA FINANCIAL, LLC 20 6.34% $10,026
    CMG MORTGAGE, INC. 17 7.19% $11,800
    LOANDEPOT.COM, LLC 15 6.38% $14,062
    MOVEMENT MORTGAGE, LLC 15 6.59% $12,148
    CHERRY CREEK MORTGAGE, LLC 15 6.13% $3,414
    Gateway First Bank 13 6.56% $8,370
    CENTENNIAL LENDING, LLC 13 6.14% $9,119
    PENNYMAC LOAN SERVICES, LLC 13 6.00% $14,014
    FREEDOM MORTGAGE CORPORATION 13 6.84% $13,735
    LAKEVIEW LOAN SERVICING, LLC 11 5.84% $14,612
    Plains Commerce Bank 11 6.82% $11,476
    ACADEMY MORTGAGE CORPORATION 10 6.93% $12,806
    ON Q FINANCIAL, INC. 10 6.21% $14,026
    AMERISAVE MORTGAGE CORPORATION 9 6.26% $15,525
    Flanagan State Bank 9 6.67% $10,978
    Carrington Mortgage Services, LLC 8 5.88% $12,575
    CARDINAL FINANCIAL 8 6.47% $13,981
    Mr. Cooper ( Nationstar Mortgage ) 8 5.86% $16,595
    GUARANTEED RATE, INC. 7 6.68% $12,781
    MUTUAL OF OMAHA MORTGAGE, INC. 7 6.54% $15,365
    ZILLOW HOME LOANS, LLC 6 5.98% $13,306
    CRESCENT MORTGAGE COMPANY 6 6.63% $9,102
    AMERICAN FINANCING CORPORATION 6 6.23% $13,656
    HOMEBRIDGE FINANCIAL SERVICES, INC. 6 6.31% $12,838
    AMERICAN FINANCIAL NETWORK, INC. 5 7.35% $14,506
    Ixonia Bank 5 6.63% $10,416
    PRIMELENDING, A PLAINSCAPITAL COMPANY 5 7.45% $9,473
    Equity Prime Mortgage LLC 4 7.00% $11,500
    Mortgage Research Center, LLC 4 7.06% $10,613
    RELIANCE FIRST CAPITAL, LLC 4 6.56% $12,565
    Flagstar Bank, FSB 3 6.29% $6,481
    INTERCAP LENDING INC. 3 6.63% $11,337
    Wells Fargo Bank 3 6.25% $7,408
    U.S. Bank 3 6.63% $9,347
    SUN WEST MORTGAGE COMPANY, INC. 3 6.93% $12,886
    AMERICAN FINANCIAL RESOURCES, INC. 3 6.75% $6,972
    NBH Bank 3 6.46% $9,578
    VERITAS FUNDING, LLC 2 6.13% $15,118
    PLANET HOME LENDING, LLC 2 6.81% $18,357
    PARTNERS UNITED FINANCIAL, LLC 2 6.56% $19,042
    Servion, Inc. 2 6.13% $11,545
    First National Bank of Omaha 2 6.25% $9,952
    NATIONWIDE MORTGAGE BANKERS, INC. 2 6.75% $8,525
    OPEN MORTGAGE, LLC 2 6.75% $11,203
    AmRes Corporation 2 5.81% $14,719
    WESTERN VISTA 2 5.88% $10,158
    UNIVERSAL LENDING CORPORATION 2 6.88% $11,080
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.31% $11,896
    VAN DYK MORTGAGE CORPORATION 2 5.56% $8,200
    UMB Bank 1 6.25% $11,391
    ADVANTAGE PLUS 1 6.50% $11,196
    AmeriHome Mortgage Company, LLC 1 6.13% $9,280
    Barrington Bank & Trust Company, N.A. 1 7.25% $10,216
    BETTER MORTGAGE CORPORATION 1 6.63% $5,999
    BMO Harris Bank 1 5.13% $7,779
    Century Mortgage Company DBA Century Lending Company 1 6.75% $9,572
    Chickasaw Community Bank 1 6.75% $13,023
    CHURCHILL MORTGAGE CORPORATION 1 7.50% $25,634
    Colonial Savings, F.A. 1 5.88% $6,670
    DIRECT MORTGAGE, CORP. 1 6.88% $8,391
    EVERETT FINANCIAL, INC. 1 6.63% $15,911
    First Federal Bank 1 6.63% $8,030
    GOLDENWEST 1 6.13% $10,361
    HOMESTAR FINANCIAL CORPORATION 1 6.75% $11,029
    LIBERTY HOME MORTGAGE CORPORATION 1 7.50% $11,943
    MEGASTAR FINANCIAL CORP. 1 6.13% $12,237
    MID AMERICA MORTGAGE, INC. 1 6.00% $14,516
    MOUNTAIN AMERICA 1 6.13% $9,651
    M&T Bank 1 6.25% $8,047
    Nations Lending Corporation 1 6.50% $15,022
    NBKC BANK 1 6.63% $7,300
    Northpointe Bank 1 7.13% $11,991
    Peak Financial 1 6.75% $3,482
    PLAZA HOME MORTGAGE, INC. 1 7.25% $7,153
    PNC Bank 1 6.25% $10,511
    PREMIA MORTGAGE, LLC 1 6.13% $4,969
    SUMMIT FUNDING, INC. 1 6.13% $1,932
    T2 FINANCIAL LLC 1 7.38% $12,804
    The Loan Store, Inc. 1 7.13% $14,499
    TJC Mortgage, Inc. 1 5.25% $18,164
    TOWNE MORTGAGE COMPANY 1 7.75% $10,278
    UNION HOME MORTGAGE CORP. 1 6.50% $6,171
    V.I.P. MORTGAGE, INC. 1 5.25% $9,498

    The top Wyoming FHA lender as defined by loan originations is Wallick & Volk, Inc., with 173 FHA loans originated. Their average total fees are $9,208, which is $2,675 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Wyoming FHA lenders (with over 10 loans originated) are CHERRY CREEK MORTGAGE, LLC ($3,414), Gateway First Bank ($8,370), Glacier Bank ($9,073), CENTENNIAL LENDING, LLC ($9,119) and Wallick & Volk, Inc. ($9,208).

    The lowest rate Wyoming FHA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC (5.84%), First Interstate Bank (5.91%), CORNERSTONE HOME LENDING, INC. (5.94%), Jonah Bank of Wyoming (5.95%) and PENNYMAC LOAN SERVICES, LLC (6.00%).

    Wyoming FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    LARAMIE, WY ALBANY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BIG HORN 2022 $420,680 $538,650 $651,050 $809,150
    GILLETTE, WY CAMPBELL 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CARBON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CONVERSE 2022 $420,680 $538,650 $651,050 $809,150
    GILLETTE, WY CROOK 2022 $420,680 $538,650 $651,050 $809,150
    RIVERTON, WY FREMONT 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO GOSHEN 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO HOT SPRINGS 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO JOHNSON 2022 $420,680 $538,650 $651,050 $809,150
    CHEYENNE, WY LARAMIE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO LINCOLN 2022 $420,680 $538,650 $651,050 $809,150
    CASPER, WY NATRONA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO NIOBRARA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO PARK 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO PLATTE 2022 $420,680 $538,650 $651,050 $809,150
    SHERIDAN, WY SHERIDAN 2021 $489,900 $627,150 $758,100 $942,100
    NON-METRO SUBLETTE 2022 $420,680 $538,650 $651,050 $809,150
    ROCK SPRINGS, WY SWEETWATER 2022 $420,680 $538,650 $651,050 $809,150
    JACKSON, WY-ID TETON 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    EVANSTON, WY UINTA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO WASHAKIE 2022 $420,680 $538,650 $651,050 $809,150
    GILLETTE, WY WESTON 2022 $420,680 $538,650 $651,050 $809,150
    LARAMIE, WY ALBANY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BIG HORN 2023 $472,030 $604,400 $730,525 $907,900
    GILLETTE, WY CAMPBELL 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CARBON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CONVERSE 2023 $472,030 $604,400 $730,525 $907,900
    GILLETTE, WY CROOK 2023 $472,030 $604,400 $730,525 $907,900
    RIVERTON, WY FREMONT 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO GOSHEN 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO HOT SPRINGS 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO JOHNSON 2023 $472,030 $604,400 $730,525 $907,900
    CHEYENNE, WY LARAMIE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO LINCOLN 2023 $472,030 $604,400 $730,525 $907,900
    CASPER, WY NATRONA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO NIOBRARA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO PARK 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO PLATTE 2023 $472,030 $604,400 $730,525 $907,900
    SHERIDAN, WY SHERIDAN 2023 $489,900 $627,150 $758,100 $942,100
    NON-METRO SUBLETTE 2023 $472,030 $604,400 $730,525 $907,900
    ROCK SPRINGS, WY SWEETWATER 2023 $472,030 $604,400 $730,525 $907,900
    JACKSON, WY-ID TETON 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    EVANSTON, WY UINTA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO WASHAKIE 2023 $472,030 $604,400 $730,525 $907,900
    GILLETTE, WY WESTON 2023 $472,030 $604,400 $730,525 $907,900

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).