Mortgage Rates in Wyoming

As of Monday, April 12, 2021, current rates in Wyoming are 3.20% for a 30-year fixed, and 2.45% for a 15-year fixed.

Bankrate has offers for Wyoming mortgage and refinances from top partners that are well below the national average. Compare, apply, and start saving today.

About our Mortgage Rate Tables: The above mortgage loan information is provided to, or obtained by, Bankrate. Some lenders provide their mortgage loan terms to Bankrate for advertising purposes and Bankrate receives compensation from those advertisers (our "Advertisers"). Other lenders' terms are gathered by Bankrate through its own research of available mortgage loan terms and that information is displayed in our rate table for applicable criteria. In the above table, an Advertiser listing can be identified and distinguished from other listings because it includes a "Next" button that can be used to click-through to the Advertiser's own website or a phone number for the Advertiser.

Availability of Advertised Terms: Each Advertiser is responsible for the accuracy and availability of its own advertised terms. Bankrate cannot guaranty the accuracy or availability of any loan term shown above. However, Bankrate attempts to verify the accuracy and availability of the advertised terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. Click here for rate criteria by loan product.

Loan Terms for Bankrate.com Customers: Advertisers may have different loan terms on their own website from those advertised through Bankrate.com. To receive the Bankrate.com rate, you must identify yourself to the Advertiser as a Bankrate.com customer. This will typically be done by phone so you should look for the Advertisers phone number when you click-through to their website. In addition, credit unions may require membership.

Loans Above $548,250 May Have Different Loan Terms: If you are seeking a loan for more than $548,250, lenders in certain locations may be able to provide terms that are different from those shown in the table above. You should confirm your terms with the lender for your requested loan amount.

Taxes and Insurance Excluded from Loan Terms: The loan terms (APR and Payment examples) shown above do not include amounts for taxes or insurance premiums. Your monthly payment amount will be greater if taxes and insurance premiums are included.

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Compare today's average mortgage rates in the state of Wyoming. Bankrate aggregates mortgage rates from multiple sources to provide averages for Wyoming.

Wyoming Mortgage Interest Rates Monday, April 12
Loan Term Interest Rate Change 1 Day Rate Last Week
30-year fixed mortgage rate 3.20% trend-up-red 0.09% 3.29%
15-year fixed mortgage rate 2.45% trend-up-red 0.08% 2.53%
30-year fixed jumbo mortgage rate 3.20% trend-up-red 0.10% 3.30%
30-year fixed refinance rate 3.31% trend-up-red 0.12% 3.43%

Lenders nationwide provide weekday mortgage rates to our comprehensive national survey to help consumers in their mortgage process. To learn more about the different rate averages Bankrate publishes above, see Understanding Bankrate's Rate Averages.

Wyoming mortgage overview

By Dhara Singh

The median list price for a home in Wyoming, a state known for its natural beauty and iconic national parks, is about $260,000, according to Zillow. The median cost of homeownership with a mortgage is $1,428 per month, Census figures show. Meanwhile, the conforming loan limit for mortgages in most Wyoming counties is $510,400, and $331,760 for an FHA loan. The one exception is Teton County, where both the standard and FHA loan limits are $765,600.

First-time homebuyer programs in Wyoming

The Wyoming Community Development Authority offers mortgage programs to assist first-time homebuyers, along with down payment assistance and a mortgage credit certificate, all of which can help make homeownership more affordable.

First-Time Homebuyer Mortgage

The Wyoming Community Development Authority offers a 30-year, fixed mortgage with a low interest rate to first-time buyers. In order to qualify, borrowers:

  • Must not have owned a home in the past three years
  • Must meet income and purchase price limits, which vary by county
  • Must occupy the home as your primary residence
  • Must be buying a single-family home on 10 acres or less
  • Must complete a homebuyer education course

Spruce Up Mortgage

For first-time homebuyers seeking to purchase a fixer-upper, the Spruce Up loan may be a better choice. This program finances both the purchase of the home and any renovations in one mortgage. This means you’ll have fewer closing costs than obtaining two separate loans.

The Spruce Up mortgage may be used to make minor repairs, upgrade the home’s electrical, HVAC and plumbing, repair or replace the roof or make accessibility or energy efficiency improvements.

In order to qualify for the Spruce Up loan, borrowers must meet the same requirements as the first-time homebuyer mortgage offered by the Wyoming Community Development Authority.

HomeStretch Down Payment Assistance

Saving the down payment needed for a home purchase can often be the most challenging hurdle to homeownership. The Wyoming Community Development Authority can help with this, too. The agency’s HomeStretch (“Home$tretch”) program provides as much as $10,000 to help with a down payment, closing costs or both, in the form of a zero-percent interest, no-monthly-payment loan, which must be repaid when the home is refinanced or sold, or the first mortgage is paid off.

In order to qualify, borrowers must have a minimum credit score of 620 and contribute $1,500 of their own money to the purchase. HomeStretch can only be used with the first-time homebuyer and Spruce Up mortgage products.

Mortgage Credit Certificate (MCC)

By applying for a mortgage credit certificate (MCC), first-time homebuyers in Wyoming can obtain a credit toward their federal income tax liability, available for the life of the loan. Applicants must not have owned a home in the past three years in order to qualify, and there are also purchase price and income limits.

Wyoming mortgage refinancing

The Wyoming Community Development Authority also offers options for those seeking to refinance. The agency’s Advantage Refinance is a 30-year fixed-rate loan with no purchase price limit, but income limits and a lot limit of 10 acres or less. Borrowers must also have a credit score of at least 620, and the home must be your primary residence for at least one year.

The agency also offers refinancing through its HFA Preferred program. This too is a 30-year mortgage with no purchase price limit. Program requirements include properties being located on 10 acres or less, buyers having a minimum credit score of 620 and meeting income limits. In addition, buyers must occupy the home for at least one year.

No matter who you chose to work with when refinancing in Wyoming, it’s a good idea to shop around and compare program fees, terms and interest rates to be sure you’re getting the best deal, and that the costs associated with refinancing do not outweigh any benefit you may be realizing.