Today's Mortgage Rates in Wyoming

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Updated: July 17, 2024

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Today's 30-year mortgage rate in Wyoming is 6.69%, lower than the national average rate of 6.90% for the same mortgage type. Homebuyers in Wyoming have access to beneficial programs, including the First-Time Home Buyer initiative and the Advantage program, designed to reduce mortgage costs.

We'll help you understand today's 30-year mortgage rate in Wyoming, the nuances of loan types and rate structures and how these rates might change depending on your credit score. You'll discover comprehensive insight into the various mortgage types and lenders and detailed information on Wyoming-specific mortgage programs to help you make smart mortgage decisions.

MoneyGeek uses publicly available data from Zillow for the rates on this page. Mortgage rates shift daily, and we take a snapshot of rates to analyze rate information for Wyoming. We update the data frequently to ensure you have access to the most recent rates, but the values may differ slightly between reporting sources.

Unless specifically noted otherwise, rates featured in the content are annual percentage rates (APRs).

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This data was last updated on July 2, 2024.

Current Mortgage Rates in Wyoming

The current mortgage rate in Wyoming for a 30-year fixed mortgage is 6.69% in July 2024, up from 6.56% in June. If you take out a $250,000 loan with a 20% down payment, this rate change could mean an increase in costs by $6,189 over the life of your loan, not including property taxes or HOA fees.

Rates fluctuate for various reasons, including changes in the economy and adjustments by the Federal Reserve. These changes have a direct impact on your monthly payments. Our line chart shows the trend of mortgage rates over recent months, giving you a snapshot of potential payment scenarios.

Current Mortgage Rates in Wyoming (Jan to May)

Understanding the current mortgage rates in Wyoming help you budget for a future home purchase.

Who Needs to Know Current Mortgage Rates in Wyoming?

Keeping up with today's mortgage interest rates in Wyoming is beneficial for two types of individuals in the dynamic housing market:

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    First-time homebuyers

    Knowing the latest mortgage rates offers first-time homebuyers a baseline for loan costs and aids in rate comparison.

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    Homeowners with mortgages

    Homeowners might find lower rates compelling for a mortgage refinance, saving on monthly payments.

Purchase rates and refinance rates for mortgages can be different. For example, the current mortgage rate for a 30-year fixed-rate mortgage in Wyoming is 6.69% when you're looking to buy a home. If you're planning to refinance, the rate is 8.19%. Keep these differences in mind as you explore your mortgage options.

Current Mortgage Rates in Wyoming by Loan Type

A 30-year fixed-rate mortgage in Wyoming has a higher interest rate than a 15-year fixed-rate mortgage. The lender faces more uncertainty and exposure over the extended term, which influences the cost of the loan. In contrast, a 15-year fixed-rate mortgage provides you with a lower rate and allows you to build equity faster and pay less interest over the life of the loan.

When you evaluate mortgage loan types in Wyoming, use a mortgage calculator to see how different rates might affect your monthly payments. Different rates can dramatically alter your home loan's monthly cost and overall interest. The right tool can simplify your search, giving you clear insight into your mortgage costs.

Data filtered by:Results filtered by:
Loan Type:
Loan Type:15-Year Fixed
6.00%APR6.11%
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INTEREST RATE VS. APR: WHAT'S THE DIFFERENCE?

An interest rate is the cost you pay each year to borrow money, expressed as a percentage of the loan amount. Wyoming's average interest rate for a conforming 30-year fixed mortgage is 6.62%.

APR, or annual percentage rate, represents the yearly cost of your loan, including mortgage points and other fees. Wyoming's average APR for a 30-year fixed-rate mortgage is slightly higher at 6.69%, giving you a clearer picture of the total yearly cost of your mortgage.

Current Mortgage Rates in Wyoming by Credit Score

With a credit score of 740 or above and a down payment between 5% and 20%, the average APR for a 30-year fixed-rate mortgage in Wyoming is 7.14%. If your score is below 680, the average APR for the same loan rises to 8.09%.

Your credit score directly impacts the mortgage rates available to you in Wyoming. To help you see what rates you might get based on your credit score and down payment, we've put together an interactive table:

Data filtered by:Results filtered by:
Credit Score Range:
Credit Score Range:680 - 740
Down Payment:
Down Payment:20% or higher
15-year FixedAPR6.24%
20-year FixedAPR6.91%
30-year FixedAPR7.14%
5-year ARMAPR7.80%
7-year ARMAPR7.64%

Mortgage Types in Wyoming

In July 2024, 30-year fixed-rate VA loans in Wyoming have the lowest average APR at 6.39%. Knowing the best rates can impact your budget over the long term, as a lower APR means lower monthly payments. Check out the table below to explore the mortgage loan types available in Wyoming:

Mortgage Type
Definition
Impact on Rates
30-Year Rates in Wyoming

Conventional Loans

Conventional loans in Wyoming are not insured or guaranteed by the government.

Interest rates on conventional loans can be influenced by credit score and down payment amounts.

6.69%

FHA Loans

FHA loans in Wyoming are backed by the Federal Housing Administration and cater to homebuyers with lower credit scores.

FHA loans usually offer lower interest rates for borrowers with less creditworthiness or smaller down payments.

6.93%

VA Loans

VA loans in Wyoming are mortgages guaranteed by the Department of Veterans Affairs for eligible service members.

VA loans provide competitive rates due to government backing, often without requiring a down payment.

6.39%

USDA Loans

USDA loans in Wyoming are meant for homebuyers in rural areas and are backed by the United States Department of Agriculture.

USDA loans offer low interest rates and no down payment but are limited to certain rural areas.

currently unavailable

Jumbo Loans

Jumbo loans in Wyoming exceed conforming loan limits set by the Federal Housing Finance Agency and are not secured by government-sponsored entities.

Jumbo loans may have higher rates due to the larger amount of money being borrowed and increased lender risk.

6.88%

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MORTGAGE RATE STRUCTURES IN WYOMING

Mortgage rates in Wyoming come in two types: fixed and adjustable.

  • Fixed-rate mortgages lock in your interest rate, ensuring stable monthly mortgage payments. This predictability benefits steady budgeting.
  • Adjustable-rate mortgages offer initially lower rates that adjust over time, possibly reducing your payments when interest rates drop.

As of July 2024, Wyoming's average APR for a 30-year fixed mortgage is 6.69%, which influences long-term financial planning.

Mortgage Lenders in Wyoming

New American, Better and Lower are solid mortgage lender options in Wyoming. Each one is available in the state, boasts Better Business Bureau accreditation and offers homeowner assistance programs. There are also other lenders not on this list that may suit your needs.

The mortgage rate you secure in Wyoming can change based on your chosen lender. Every lender has its own rates and loan terms, so comparing multiple lenders is a smart move. This ensures you find the most favorable deal for your mortgage.


  • New American
    • 8Number of Mortgage Options
    • YesOnline Application
    • ABBB Rating
    • Monday to Friday, 8 am to 9 pm CT Saturday, 10 am to 2 pm CTCustomer Service Hours

    New American offers various mortgage options, including conventional and FHA loans, each tailored to different financial situations. Conventional loans start with a minimum down payment of 3%, while FHA loans require a bit more — generally 3.5% to 10%, depending on your credit score. For FHA and USDA loans, your credit should be at least 580. Jumbo loans are also available but require a minimum credit score of 680 to qualify.

    When getting help, New American customer service is available from 8 a.m. to 9 p.m. CT on weekdays and 10 a.m. to 2 p.m. CT on Saturdays. The support is accessible via phone or email, making it simple to get the assistance you need. The lender also offers loan assistance solutions to help homeowners navigate challenging times. With New American, you can choose from diverse mortgage products with the backing of a supportive service team to guide you through the process.

    Pros

    • Extensive mortgage options
    • Handy mobile app
    • 14-day close guarantee

    Cons

    • Limited FAQ resources
    • No online prequalification
    • Missing branches in 11 states
    New American

  • Better
    • 4Number of Mortgage Options
    • YesOnline Application
    • B+BBB Rating
    • Monday to Friday, 8 am to 9 pm ET Saturday and Sunday, 9 am to 9 pm ETCustomer Service Hours

    Better caters to borrowers through an online platform. It offers a range of mortgage options, including fixed-rate and adjustable-rate and enables Wyoming residents to find a suitable mortgage package. For a conventional loan, the minimum credit score required is 620. If you're considering an FHA loan, a score as low as 580 can get you started on homeownership. The down payment requirements are equally accommodating, with options starting at 3% to 5% for non-FHA loans. If your credit score is below 580, a 10% down payment is necessary; for FHA loans, a lower threshold of 3.5% applies if your credit score is at least 580.

    Better's B+ BBB rating shows a consistent track record for service. Its customer service hours stretch from 8 a.m. to 9 p.m. ET on weekdays and 9 a.m. to 9 p.m. ET on weekends. You can reach out via phone or email to get the support you need. The lender's Better Real Estate discount program offers an opportunity for homeowners looking for an edge in managing costs. Whether you are just stepping into the housing market or looking for a new mortgage opportunity in Wyoming, Better equips you with resources to make well-informed decisions.

    Pros

    • Offers non-commissioned loan officers
    • Quick commitment letter post-rate lock
    • Sunday customer support available

    Cons

    • No physical branches
    • B+ Better Business Bureau rating
    • No VA or USDA mortgage options
    Better

  • Lower.com
    • 5Number of Mortgage Options
    • YesOnline Application
    • A+BBB Rating
    • Monday to Friday, 9 am to 5 pm ETCustomer Service Hours

    Lower serves Wyoming residents with an online-only platform and offers various mortgage options, including conventional and FHA loans. The lender requires a minimum credit score of 580 for these mortgages. Customers can connect with the support team via phone or text during customer service hours, from Monday to Friday, 9 a.m. to 5 p.m. ET.

    Lower's Buy Before You Sell program aims to help homeowners secure their next home without rushing to sell their current one. According to MoneyGeek's analysis, Lower is also a top HELOC lender for most states, underscoring its performance and trustworthiness in lending. Remember, the key to getting the best mortgage is diligently comparing rates and terms.

    Pros

    • Online prequalification available
    • Buy Before Sell program
    • Extensive FAQ section

    Cons

    • No in-person support available
    • Online application not fully virtual
    • Down payment details not disclosed
    Lower.com

Mortgage Programs in Wyoming

Homeownership has hidden costs that can affect your budget. In Wyoming, you can turn to the Wyoming Community Development Authority for support. It has mortgage programs designed to aid you in your homeownership journey.

Program
Content

First-Time Home Buyer

The First-Time Home Buyer program offers newcomers to homeownership a clear path with 30-year fixed-rate mortgages and low interest rates. Monthly payments are manageable and aid in budgeting for other costs. Eligibility includes down payment assistance, primary residence occupancy, limitations on property size and a mandatory homebuyer education class.

Spruce Up

Wyoming's Spruce Up program allows buyers to merge home purchase and renovation costs into one convenient loan. This program works with First-Time Home Buyer qualifications, simplifying the process. Renovations can range from minor upgrades to energy efficiency improvements, shaped to suit new homeowners' needs with simplified financing.

Advantage

The Advantage program is open to all, not limited to first-timers, and eliminates concerns about changing rates with fixed-rate mortgages over 30 years. Added benefits are the no purchase price cap and avoidance of Federal Recapture Tax. Borrowers must meet income and credit score requirements, along with primary residence and educational class conditions.

HFA Preferred

The HFA Preferred welcomes homeowners and refinancers. It offers a 30-year fixed-rate option, allowing for predictable monthly payments. It sets no house price limit, accommodates manufactured homes and doesn't consider the Federal Recapture Tax. It provides extra savings without a first-time buyer mandate, with a focus on education and eligibility criteria.

Down Payment Assistance

Wyoming's Down Payment Assistance program offers loans of up to $15,000 and requires a 620 credit score. Its Home$tretch Loan complements the First-Time Buyer benefits with zero interest; the Amortizing Loan pairs well with HFA Preferred, offering low fixed-rate payments over ten years.

FAQ: Mortgage Rates in Wyoming

Understanding today's mortgage rates in Wyoming is vital for anyone looking to buy a home. We've answered commonly asked questions about mortgage rates in Wyoming to help you stay informed through the home-purchasing process.

What are the current mortgage rates in Wyoming?
How do mortgage rates in Wyoming compare to national rates?
How does my credit score impact the mortgage rates I get in Wyoming?
Are there any special mortgage programs in Wyoming to help homebuyers?
How can I get the best possible mortgage rate in Wyoming?
What are today's mortgage refinance rates in Wyoming?
How do I calculate my mortgage payments?

About Zachary Romeo

Zachary Romeo headshot

Zachary Romeo is the Head of Loans and Banking at MoneyGeek, with over 10 years of experience and forthcoming certification as a Commercial Banking and Credit Analyst (CBCA). Previously, he led production teams for some of the largest online informational resources in higher education.

Romeo has a bachelor's degree in biological engineering from Cornell University. He geeks out on minimizing personal debt through people-first content.

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