Wyoming Mortgage Rates
Home to the world-famous Yellowstone National Park, Wyoming’s natural beauty is easily unparalleled anywhere else. And besides the attraction, the Cowboy State is dotted with alpine rivers and scenic plains – a quaint setting for the bold and adventurous.
If you want to move somewhere peaceful and near to nature, Wyoming is the place to be. Home to only 589,713 Americans, it’s the least populated state of the country.
If you’re looking to invest in a property in the state, either for residential or commercial purposes, here are the basics you need to know:
Average home value: $195,400
Typical FHA 1-unit limit: $275,665
Typical GSE 1-unit limit: $424,100
Median rent price: $1,100
Home prices have shot up by 1.2 percent in the past year and is projected to continue to increase by 2.2 percent in 2018.
Getting a mortgage in the Cowboy State
You can find various property types in Wyoming from cabin-type bungalows to concrete multifamily homes. When it comes to financing, there are different programs you may choose from including GSE-insured mortgages and private home loans. You may also check out your local credit union for low-rate mortgage offers.
The most important thing to consider when it comes to choosing the program and the lender is your interest rate. The higher the interest rate, the higher will be your mortgage payments every month.
Before you commit to a deal, see to it that you have examined the lender fees and understood the payment structure and requirements of a certain offer.
For a faster rate shopping, see MortgageSum’s rate comparison page in Wyoming for not only the best rates in the state but also the most trustable lenders for your mortgage needs.
