WCDA’s Standard Homebuyer Program

Requirements

WCDA administers the Mortgage Revenue Bond (MRB) Program to help first-time homebuyers with low and moderate incomes who are purchasing a home within the state of Wyoming. WCDA mortgages are originated across the state by participating lenders. A WCDA mortgage offers qualifying homebuyers a below market interest rate loan and downpayment assistance. 

You may be eligible for a WCDA loan if:

• You buy a home in Wyoming
• You are a first-time homebuyer or have not owned a home, as a principal residence, during the last three years
• Your total annual household income is at or below the income limits
• You are purchasing a home that is below the WCDA purchase price limits by county
• You are a reasonable credit risk
• You are getting a first mortgage on the residence. (No refinancing is allowed except under the Qualified Rehabilitation Loan Program or Spruce Up Wyoming II program.
• You are buying the home as your principal residence
• You do not intend to use the residence in a trade or business
  

A low-interest mortgage from the Wyoming Community Development Authority (WCDA) may make the difference between dreaming about your first home, and actually owning it.

WCDA mortgages provide: 

• Thirty-year mortgages at below market interest rates
• Second mortgages which provide funds for a portion of the down payment and closing costs