First-time home buyer programs in Wyoming (WCDA)

What WCDA offers

WCDA says it has made it easier for people across Wyoming to finance a first home since 1975, with low-interest mortgages and homebuyer education. Its main products for buyers, as listed on its homebuyer page:

For every product, the home must be your primary residence and sit on 10 acres or less. The first-time buyer product is for single-family homes with no rental income; manufactured homes must be on a permanent foundation and meet FHA requirements. WCDA says the standard first-time product and the MCC may be subject to the federal recapture tax and that borrowers who pay it are eligible for reimbursement from WCDA; ask WCDA how it applies to you. Advantage and Edge are not subject to it.

Down payment assistance: amounts and conditions

WCDA’s down payment assistance (DPA) loans can pay toward the down payment, closing costs and prepaid items. Each DPA product has the same basic rules:

• Maximum loan: $15,000.
• Minimum credit score: 620.
• Minimum borrower contribution: $1,500, which may be a gift.

There are two versions:

A Home$tretch loan is not a grant: WCDA describes it as a loan due upon sale, refinance or the 30-year maturity.

Income and price limits

WCDA’s limits depend on the product, family size and county. The table below shows the figures for Laramie County, which includes Cheyenne, in the schedule dated June 22, 2026.

Source: WCDA, 2026 Purchase Price and Income Limits, effective June 22, 2026. For Advantage and Edge, WCDA labels the figure a “repayment/qualifying” income limit; for the standard product it is a total family household income limit.

WCDA points to the FFIEC census map to see whether an address falls in a targeted area. Limits are revised during the year; confirm the current schedule with WCDA before you rely on them. For a sense of what a Cheyenne home costs, see our page on Wyoming home prices: the 2024 Census median value for the city is $360,800, well under the standard price limit.

Programs in Cheyenne

The City of Cheyenne receives federal Community Development Block Grant (CDBG) money through HUD, and its Housing & Community Development Division manages it. The city’s amended 2025-2027 Consolidated Plan states an annual allocation of $416,112 for program year 2025. We found no city down payment program in that plan. It says that in the most recent grant cycle there were no applications for rehabilitation or acquisition activities, and that the city has shifted its focus to public facilities, infrastructure and land acquisition for future affordable housing and neighborhood improvements in low- and moderate-income areas. The plan says this approach stays in place until new partners are found for home rehabilitation.

In practice, a Cheyenne first-time buyer should expect to use the statewide WCDA products above. Call the city’s Housing & Community Development Division to ask whether anything new has opened since the plan’s late-2025 amendment. Our buying a home in Cheyenne page lists the other local guides.

How to apply

1. Take the homebuyer education class. WCDA requires first-time buyers to complete the class it names on its homebuyer page.
2. Choose a participating lender. WCDA publishes a list of participating lenders on its homebuyer pages; start there.
3. Check the limits for your county, family size and product, and confirm your credit score is at least 620.
4. Ask your lender how the products combine. WCDA says FHA, VA and Rural Development financing are acceptable with the standard first-time product.
5. Budget for the rest. Assistance does not cover everything; read our Wyoming closing costs guide and the general guide to the steps of buying a home. Veterans can compare VA loans, and the FHA loan guide explains that option.

WCDA’s loan review team answers questions about limits at 307-253-1084.