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Welcome Home Wyoming Down Payment Assistance

Statewide, Wyoming

Last verified
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Assistance

6%

Of the purchase price, as the program sets it

Income limit

$138,320

The household income limit the program publishes

Repayment

Deferred

No payments until the home is sold or refinanced

What is Welcome Home Wyoming Down Payment Assistance?

Welcome Home Wyoming Down Payment Assistance is a deferred second loan for homebuyers in Statewide, Wyoming.

  • Statewide 30-year, 0%-interest second mortgage of up to 6% of purchase price toward down payment, closing costs, and prepaids. 640 FICO, 50% DTI, no minimum borrower investment. First-time and repeat homebuyers welcome; available for purchase and refinance.
  • Welcome Home Wyoming Down Payment Assistance is the statewide DPA brand offering a 30-year, 0%-interest second mortgage of up to 6% of the purchase price toward down payment, closing costs, and/or prepaid items. Available to both first-time and repeat homebuyers (including refinance transactions) anywhere in Wyoming. No minimum borrower investment, no purchase-price cap, and county-specific income limits that apply uniformly across all household sizes. Pairs with 30-year fixed FHA, VA, USDA-RD, and Conventional (HFA Preferred / HFA Advantage) first mortgages. Additional benefits for conventional borrowers below 80% AMI.
  • Funding comes from State and Other.

How much assistance does it provide?

Welcome Home Wyoming Down Payment Assistance provides assistance worth 6% of the purchase price, as set by the program.

  • Buyer contribution: No minimum borrower investment required. WHW DPA + first-mortgage product can fully cover the required cash to close in many cases.
  • Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

Welcome Home Wyoming Down Payment Assistance is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

  • Repayment is triggered by 30-year second mortgage and balance due on sale, refinance, transfer of title, payoff of first mortgage, non-owner-occupancy, or 30-year maturity. No monthly payments required.
  • The assistance is recorded in 2nd Lien position.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Welcome Home Wyoming Down Payment Assistance is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • On credit: 640 minimum representative middle FICO across all WHW loan products.
  • A completed homebuyer education course, through WHW-approved homebuyer education required from a HUD-approved housing counseling agency or an approved online provider (Framework, eHome America, Finally Home!, or NeighborWorks-affiliated agency).
  • Residency: Property must be located in Wyoming and occupied as the borrower's principal residence within 60 days of closing.
  • Citizenship or immigration status: U.S. citizen, permanent resident alien, or qualifying non-permanent resident alien per first-mortgage product overlays.
  • Borrower must (1) have a representative middle FICO of at least 640, (2) qualify under the WHW income limit applicable to the property's county (limits uniform across all household sizes), (3) have a back-end DTI of 50% or less, and (4) complete an approved homebuyer education course prior to closing. Property must be the borrower's principal residence within 60 days of closing. Manual underwriting permitted in certain circumstances per Servicer and Agency guidelines.

The program excludes

  • Households above $138,320

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Welcome Home Wyoming Down Payment Assistance limits household income to $138,320.

  • The limit applies to total household income, not only the borrower’s.
  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Welcome Home Wyoming Down Payment Assistance caps the purchase price as follows: There are NO purchase price limits within the Welcome Home Wyoming program. Loan amount limited only by Agency loan limits and borrower qualifying income.

  • Eligible property types include Single-family detached, condominium, townhouse, PUD and manufactured home on permanent foundation per servicer overlays.
  • New construction is eligible.
  • Manufactured homes are eligible.

Is there eligibility for specific groups?

Welcome Home Wyoming Down Payment Assistance names veterans, active-duty service members, reservists and National Guard members, and surviving spouses among the groups it serves.

  • Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

Welcome Home Wyoming Down Payment Assistance serves buyers purchasing in Statewide, Wyoming.

  • The program targets specific areas: Higher-cost / targeted Wyoming counties (Albany, Laramie, Natrona, Sweetwater, Teton, etc.) qualify for elevated income limits ($138,320) versus the standard statewide $131,600 limit.

How do you apply?

Applications for Welcome Home Wyoming Down Payment Assistance go through the administering agency, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through WHW-approved homebuyer education required from a HUD-approved housing counseling agency or an approved online provider (Framework, eHome America, Finally Home!, or NeighborWorks-affiliated agency)..

  2. Contact the administering agency to reserve funds

    Funds are reserved through Reserved by approved participating lender via the eHousingPlus reservation system at the time of rate lock., and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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