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Types of Loans

Fixed Rate Mortgage (Home) Loans

  • USDA, FHA, VA, Conventional, 1-4 Family financing available for 10, 15, 20 and 30 year terms
  • Fixed principal and interest payments
  • We will provide valuable loan cost comparisons to help you make an educated decision on your loan type and term
  • Cash-out refinancing available – quick turn-around times!

Guaranteed Rural Housing

  • 102% financing based on appraised value. If appraisal value exceeds sales price, borrower can finance closing costs.
  • 1-time upfront guarantee fee of 2.75% and a monthly mortgage insurance at .5%.
  • No asset requirements.
  • No first time homebuyer restrictions and no purchase price limitations!
  • No minimum cash contribution from borrower and it’s even possible to get your earnest money back at closing!
  • 6% seller concessions and 100% gifting is allowed
  • Eligibility
    • Borrower(s) must be a U.S. citizen, a U.S. non-citizen national or a qualified alien
    • Must have an adjusted household income that is within Rural Development guidelines based on the
      • number of persons who will occupy the house
      • Property must be a primary residence
      • Property must be located in an eligible area

First-time Homebuyer Program through Wyoming Community Development Corp

  • Down payment assistance available from WCDA
  • Below market rates for 30 year mortgages
  • 5 acres max
  • Must have an adjusted household income that is within WCDA guidelines based on the number of persons who will occupy the house
  • Certain purchase price limitations apply depending on the county where you will purchase your home – most counties $258,600

 

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