Wyoming First-Time Home Buyer Guide 2026
WCDA’s First-Time Home Buyer, Spruce Up, Advantage and Edge loans explained, down payment assistance of up to $15,000, county purchase price and income limits, and who qualifies in Wyoming.
WCDA First-Time Home Buyer Loan
The Wyoming Community Development Authority’s standard First-Time Home Buyer loan offers a low fixed interest rate with 30-year financing, and it can be paired with WCDA’s Home$tretch down payment assistance.
| Requirement | First-Time Home Buyer Loan |
|---|---|
| First-time buyer | No ownership interest in a primary residence in the last 3 years |
| Limits | County purchase price and income limits |
| Occupancy | Owner-occupied as a primary residence |
| First mortgage | FHA, VA and RD financing acceptable |
| Property | Single-family home on 10 acres or less; no rental income; manufactured homes on permanent foundations must meet FHA requirements |
| Recapture tax | May apply when the home is sold |
| Homebuyer education | Required, through Wyoming Housing Network, Inc. |
WCDA’s Spruce Up loan uses the same first-time buyer requirements and finances the purchase and rehabilitation of a home in one loan. Source: WCDA homebuyer loan products.
WCDA Down Payment Assistance
WCDA’s down payment assistance loans can cover the down payment, closing costs and prepaids. Every WCDA assistance loan has a $15,000 maximum, a 620 minimum credit score and a $1,500 minimum borrower contribution, which may be a gift.
| Feature | Home$tretch DPA | Amortizing DPA |
|---|---|---|
| Used with | First-Time Home Buyer, Spruce Up and Edge | Advantage only |
| Maximum | $15,000 | $15,000 |
| Rate | 0% interest | Fixed interest rate |
| Payments | No monthly payment | Fully amortizing, low monthly payments |
| Repayment | Due on sale, refinance or 30-year maturity | Maximum 10-year term |
Source: WCDA down payment assistance.
Advantage, Edge and the Mortgage Credit Certificate
| Program | Who It Is For | Key Terms |
|---|---|---|
| Advantage | First-time buyers and current homeowners; purchase or refinance | 30-year fixed; no purchase price limit; not subject to recapture; 620 minimum credit; occupy for at least one year |
| Edge | First-time buyers and current homeowners; purchase or refinance | 30-year fixed; no purchase price limit; not subject to recapture; 620 minimum credit; occupy for at least one year |
| Mortgage Credit Certificate | First-time buyers within the purchase price and income limits | Federal income tax credit based on mortgage interest paid; WCDA reimburses recapture tax |
Advantage and Edge have no first-time buyer requirement and an income limit of $140,140 in every county and for every family size. First-time buyers using them must still complete homebuyer education.
WCDA Purchase Price and Income Limits
These limits apply to the First-Time Home Buyer loan, Spruce Up and the Mortgage Credit Certificate. They are from WCDA’s limits dated June 22, 2026.
| County or Area | Purchase Price Limit | Income, 1–2 People | Income, 3 or More |
|---|---|---|---|
| Teton | $1,306,974 | $178,200 | $207,900 |
| Laramie Census Tract 4.03 (targeted) | $692,211 | $125,280 | $146,160 |
| Natrona Census Tract 2 (targeted) | $692,211 | $120,120 | $140,140 |
| Uinta | $606,442 | $109,943 | $126,434 |
| Sublette | $566,354 | $116,800 | $134,320 |
| Lincoln | $566,354 | $113,600 | $130,640 |
| Campbell | $566,354 | $111,700 | $128,455 |
| Albany | $566,354 | $107,000 | $123,050 |
| Crook | $566,354 | $105,500 | $121,325 |
| Weston | $566,354 | $104,900 | $120,635 |
| Laramie | $566,354 | $104,400 | $120,060 |
| Sweetwater | $566,354 | $103,400 | $118,910 |
| Converse | $566,354 | $102,800 | $118,220 |
| Sheridan | $566,354 | $102,600 | $117,990 |
| Big Horn, Carbon, Fremont, Goshen, Hot Springs, Johnson, Niobrara, Platte, Washakie | $566,354 | $101,454 | $116,672 |
| Natrona | $566,354 | $101,434 | $116,649 |
| Park | $566,354 | $101,254 | $116,442 |
Limits are from WCDA’s purchase price and income limits and its June 2026 limits chart. WCDA counts total family income.
Who Qualifies in Wyoming
| Requirement | Detail |
|---|---|
| Credit | 620 minimum for Advantage, Edge and all down payment assistance |
| Borrower contribution | $1,500 minimum with assistance, which may be a gift |
| Occupancy | Primary residence; at least one year on Advantage and Edge |
| Property | Home on 10 acres or less |
| Homebuyer education | Required for first-time buyers, through Wyoming Housing Network, Inc. |
Source: WCDA homebuyer loan products.
Wyoming First-Time Home Buyer Steps
| Step | What Happens |
|---|---|
| 1. Check the limits | Compare your family income and target price against your county’s WCDA limits |
| 2. Pick the loan | First-Time Home Buyer or Spruce Up within the limits, or Advantage or Edge with no purchase price limit |
| 3. Choose a participating lender | WCDA loans are made through participating lenders |
| 4. Add assistance if needed | Home$tretch or Amortizing DPA, up to $15,000 |
| 5. Complete homebuyer education | Through Wyoming Housing Network, Inc. |
| 6. Make an offer and close | The home must be your primary residence |
