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Homebuyers – WCDA Loan & Down Payment Assistance Programs

Open

Wyoming Community Development AuthorityWYFirst-Time Homeowner

Funding: Up to $10,000Deferred loanRollingScope: Statewidestate

Updated: Dec 1, 2025

Summary

WCDA’s Homebuyers page is the central hub for Wyoming first-time and repeat buyers, outlining fixed-rate loan products plus Home$tretch and amortizing down payment assistance loans up to $15,000 to cover down payment, closing costs, and prepaids.

Benefits

Down payment assistanceClosing cost assistance

Who Can Apply

Individual

Eligible Locations

Wyoming statewide; income, purchase price, and credit score requirements apply.

Eligibility

First-time and current homebuyers in Wyoming who meet purchase price and income limits, have at least a 620 credit score when using DPA, contribute a minimum of $1,500 of their own funds (which may be a gift), purchase a 1-unit owner-occupied home on 10 acres or less, and complete required homebuyer education through Wyoming Housing Network when buying as first-time buyers.

Full Description

This page explains WCDA’s suite of homebuyer options: a Standard First-Time Homebuyer product with low fixed interest rates, 30-year financing, FHA/VA/RD compatibility, and a requirement to meet first-time buyer rules, purchase price and income limits, and owner-occupancy. It highlights Spruce Up loans that combine purchase plus rehabilitation in a single closing, as well as Advantage, Edge, and HFA Preferred products that serve both first-time buyers and existing homeowners with 30-year fixed-rate mortgages and no purchase price cap, provided borrowers meet income limits and minimum 620 credit scores. The Down Payment Assistance section details WCDA’s DPA structure: a maximum loan amount of $15,000, 620 minimum credit score, and $1,500 minimum borrower contribution, with Home$tretch offering 0% interest, no monthly payments, and a balloon due at sale, refinance, or 30-year maturity, and the Amortizing DPA offering a fully amortizing second loan with a low fixed rate and up to a 10-year term. Together with mortgage credit certificates, purchase price and income limit charts, and links to participating lenders and homebuyer education, the page functions as a comprehensive, SEO-friendly landing page for “Wyoming first-time homebuyer loans and down payment assistance.”

Verification & Details

Complexity: Moderate
Status: Open
Source: wyomingcda.com
Official source → wyomingcda.com
Apply on official siteUpdated Dec 1, 2025

Recommended Resource

First-Time Homebuyer Starter Pack (2025 Edition)

A complete first-time homebuyer toolkit: 9 checklists, timelines, grant guidance, worksheets + editable Excel/Google Sheet budget & affordability calculator.

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