If you're a Wyoming resident looking to finance a real estate investment, DSCR loans could be the perfect solution for your various loan needs. In Wyoming, securing financing can sometimes be difficult, particularly if you don't meet the stringent criteria of traditional lenders.

However, as investors, DSCR loans offer an alternative option. A DSCR loan looks at factors other than personal income and other traditional factors.

DSCR loans are a valuable tool for investors looking to maximize their returns in Wyoming. Wyoming offers a wealth of opportunities for property investments using DSCR loans for purchasing properties.




Wyoming Loan and Mortgage Stats for Real Estate Investors

Take advantage of mortgage interest rates and purchase your single-family homes or investment properties in Wyoming. With a median home value of $266,400 and a loan amount funding rate of 57.91%, now is the perfect time.

Plus, with a homeownership rate of 72.1% and an average monthly cost of $1,536, investing has never been easier or more affordable.

Don't miss out on this opportunity for your single-family home! DSCR loans may vary in loan amount depending on various factors.

Using DSCR loans in Wyoming can provide you with the financial flexibility you need. This loan program allows borrowers to assess their ability to make debt service payments based on the property's net operating income divided by the annual debt service payment required on the loan.

Because it is not your typical loan program, DSCR loans offer several unique benefits that make them an attractive option for homeowners in Wyoming.



Investment Properties Available Using DSCR Loans

Are you looking to invest in a rental property? DSCR loans in Wyoming offer financing options for properties with long or short-term leases, including single-family homes, condos, townhomes, and multi-unit properties.

Whether you're purchasing or refinancing a rental property worth $75k to $2M+, DSCR loans can provide up to 75% of a property's value. Our flexible terms include a 30-year loan term. Plus, DSCR lending services are available nationwide and open even to foreign nationals.

Single-family homes in Wyoming are in high demand, and with the current housing market trends, investing in a property can be a lucrative opportunity. DSCR loans provide the means to finance your investment.



Eligibility Criteria for DSCR Loans in Wyoming

Unlike a traditional mortgage loan, borrowers qualify for a DSCR loan based on the property's income rather than their personal income, making them a great choice for investors with mortgage experience. For DSCR mortgages, you don't need to show tax returns, pay stubs, or your debt-to-income ratio; instead, the debt service coverage ratio of the investment properties is front and center.

To calculate DSCR, lenders divide the property's cash flow by the mortgage payment: a positive DSCR means that the property makes enough profit to cover its debts, while a negative ratio means it's losing money. Your ratio is identified by a rent schedule of the investment property, which proves its cash flow.

In addition to proving that the rental property is making at least 1.25 times what it costs, you'll also need to have a minimum credit score of 640, a loan-to-value ratio of 80 or less, and provide a down payment of at least 20% in addition to closing costs. It's a flexible financing - or refinancing - option, especially as the process is far more streamlined than for other mortgage loan types.


Ideal Wyoming Cities for the Savvy Real Estate Investor

When it comes to investing in properties in Wyoming, there are several cities that stand out as ideal options. Wyoming offers a range of cities that are perfect for investors looking to maximize their returns.



📍 Cheyenne

Cheyenne enjoys average home values of $362,579; median rent is $1,288 across residential property types, while commercial spaces make approximately $15.35 per square foot.

Purchasing a single-family home or a multi-unit property in Cheyenne can provide a steady stream of rental income, ensuring that your DSCR loan is covered by the property's cash flow.



📍 Casper

Casper is another viable location for borrowers utilizing a DSCR loan in Wyoming, thanks to its rising home values of $273,592. Tent is an affordable $1,200 for residential properties and $18.67 per square foot for commercial spaces.

Acting as bridge loans, DSCR loans can help investors acquire properties in Casper with the intention of future development. Casper makes an admirable inclusion in your real estate portfolio, especially as it's clearly on the up and up.

map of Wyoming

Our DSCR Loans in Wyoming have:

  • · Full 30 year terms, no balloons for rental residential properties

  • · The ability to finance in an LLC

  • · No tax documents or personal income verification

  • · Real estate investor-friendly loan programs

  • · Interest only loan options


Contact Us to Start Your Loan