The Best Mortgage Lenders in Cheyenne, WY
Compare verified mortgage lenders serving Cheyenne, Wyoming. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Cheyenne
Featured Mortgage Lenders
Wyoming Community Bank Mortgage Team
Wyoming Community Bank
Wyoming Community Bank stands out as Cheyenne's premier local mortgage lender with deep community roots and exceptional customer satisfaction. As a locally-owned and operated institution, they offer personalized service and deep understanding of the Cheyenne real estate market. Their mortgage team consistently receives praise for quick response times, competitive rates, and guiding first-time homebuyers through the entire process. With strong relationships throughout the local real estate community, they provide seamless closings and flexible loan options tailored to Wyoming residents' unique needs.
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First Interstate Bank Mortgage Division
First Interstate Bank
First Interstate Bank brings regional banking strength with a dedicated local presence in Cheyenne. As one of the largest regional banks serving Wyoming, they offer comprehensive mortgage solutions with the stability of an established financial institution. Their Cheyenne mortgage specialists are praised for their expertise in rural housing programs and understanding of local market conditions. Customers highlight their efficient processing, competitive jumbo loan options, and excellent communication throughout the loan process. The bank's long-standing presence in Cheyenne ensures deep community knowledge and reliable service.
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Paramount Residential Mortgage Group - Cheyenne
Paramount Residential Mortgage Group
Paramount Residential Mortgage Group operates a dedicated Cheyenne branch that consistently earns top marks for mortgage expertise and customer service. As a specialized mortgage lender with national reach but local focus, they combine the best of both worlds—competitive national pricing with personalized local service. Their Cheyenne team excels at finding creative solutions for unique financial situations and difficult-to-place loans. Customers frequently mention their transparency, educational approach, and ability to secure favorable terms. With extensive experience serving military families from nearby F.E. Warren Air Force Base, they have particular expertise in VA loans and understanding military relocation needs.
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Frequently Asked Questions
Common questions about mortgage lending in Cheyenne, WY
Are there any first-time homebuyer programs specific to Cheyenne or Wyoming that can help with down payments?
Yes, the Wyoming Community Development Authority (WCDA) offers the *Home$tretch* down payment assistance program, which provides a grant of up to 5% of the loan amount for eligible first-time homebuyers in Cheyenne. This program is paired with a WCDA first mortgage and has specific income and purchase price limits that are favorable for the Cheyenne market. Local lenders are well-versed in these programs.
How do Cheyenne's property taxes impact my mortgage payment and affordability?
Laramie County, where Cheyenne is located, has relatively low property tax rates compared to national averages, which is a significant advantage for monthly affordability. Your lender will calculate these taxes into your escrow payment, and they typically range from 0.5% to 0.7% of the home's assessed value. This lower tax burden can allow you to qualify for a slightly higher mortgage amount.
What is a typical down payment percentage for a conventional loan on a home in Cheyenne?
While 20% down is ideal to avoid private mortgage insurance (PMI), many local buyers in Cheyenne successfully secure conventional loans with down payments as low as 3-5%, especially for first-time purchases. Given Cheyenne's median home price, a 5% down payment is a common and achievable target for many buyers, making homeownership accessible.
Does living near F.E. Warren Air Force Base create any unique mortgage considerations?
Yes, if you are active-duty military or a veteran, using a VA loan is extremely popular and advantageous in Cheyenne. Many lenders in the area have specific expertise with VA loans and understand the military relocation cycle. Furthermore, appraisals for homes near the base are routine, and lenders are accustomed to evaluating properties in this specific market.
How does Cheyenne's competitive housing market affect the mortgage pre-approval process?
In Cheyenne's often fast-moving market, a strong pre-approval letter from a reputable local lender is not just a suggestion—it's a necessity to have your offer taken seriously. Sellers favor buyers who have already verified their financing with a lender familiar with Wyoming's appraisal processes and timelines. Getting fully pre-approved, not just pre-qualified, before you start looking is critical.
Why Choose a Mortgage Lender in Cheyenne?
Local Market Knowledge
Lenders who understand Cheyenne's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Wyoming.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Cheyenne and get competitive rates on your home loan.