Home$tretch Down Payment Assistance (DPA) Loan
Wyoming Community Development Authority (WCDA) — Wyoming's state housing finance agency
Amount: Up to $15,000 second mortgage, 0% interest (0.080% APR based on an average loan amount of $5,500); no monthly payments — repaid only upon sale, refinance, or at 30-year loan maturity. Must be paired with WCDA's Standard First-Time Homebuyer, Spruce Up, or Edge first mortgage products.
Type: Deferred-payment, 0%-interest second mortgage (state HFA down payment/closing cost assistance)
Minimum 620 credit score; max 41% total debt-to-income ratio; minimum $1,500 borrower cash contribution (may be a gift); borrower must meet first-time homebuyer definition (no ownership interest in a primary residence in the prior 3 years) OR be purchasing in a targeted area; must meet WCDA income limits (vary by county and household size) and purchase price limits for the paired first-mortgage product; required to complete homebuyer education through Wyoming Housing Network, Inc.
Amortizing DPA Loan
Wyoming Community Development Authority (WCDA)
Amount: Up to $15,000, fixed interest rate, repaid in monthly installments over a maximum 10-year term. Must be combined with WCDA's Advantage first-mortgage product.
Type: Repayable, fixed-rate second mortgage (state HFA down payment/closing cost assistance)
Minimum 620 credit score; minimum $1,500 borrower cash contribution (may be a gift); used with the Advantage loan, which has no purchase price limit but does have income limits; homebuyer education required for first-time buyers
Advantage / HFA Preferred first-mortgage programs (paired with DPA)
Wyoming Community Development Authority (WCDA)
Amount: 30-year fixed-rate first mortgages with below-market rates; no home purchase price limit on the Advantage/HFA Preferred products themselves (the DPA layered on top is capped at $15,000 as above)
Type: First mortgage loan (conventional, HFA-backed) intended to be paired with WCDA down payment assistance
Minimum 620 credit score; available to first-time buyers and (unlike the Standard FTHB product) also to repeat/current homeowners; standard WCDA income limits apply; HFA Preferred can finance manufactured homes, Advantage cannot; homebuyer education required for first-time buyers
Welcome Home Wyoming
Administered as a WCDA-affiliated/partner down payment and closing cost assistance program (regional program layered on WCDA-eligible loans, not a separate state agency)
Amount: Down payment and/or closing cost assistance paired with a 30-year fixed-rate loan (specific grant/loan amount not independently confirmed via WCDA's own site in this search — verify current figure directly with WCDA or program lender before publishing)
Type: Down payment/closing cost assistance
Lender-qualifying credit score and program income limits apply; first-time buyer status and homebuyer education requirements generally follow WCDA rules