Wyoming VA Loans
Deciding to purchase a house in Wyoming is a huge financial decision, but with the unique benefits provided by the VA loan, your dream of homeownership just got that much easier.
With the average listing price of a home in Wyoming landing at $662,705, the VA loan’s signature $0-money-down benefit is a considerable advantage for Wyoming homebuyers.
See also: VA Loan Options for Other States
How to get a VA Loan in Wyoming
VA loans are made by private lenders and guaranteed by the Department of Veterans Affairs. Because private lenders make the loans and not the VA, you need to find a lender licensed in the state you plan to purchase or refinance.
For example, if you're purchasing a home in Casper, WY, you'll need to find a lender licensed in Wyoming to do the loan.
Other Considerations for Getting a VA Loan in Wyoming
VA borrowers in Wyoming should also consider the cost and impact of VA loan limits and property taxes when making their home purchase.
Wyoming VA Loan Limits
As of January 1, 2020, VA borrowers in Wyoming with their full VA loan entitlement are not restricted by VA loan limits. This means you can borrow as much as a lender is willing to lend without needing a down payment.
However, veterans without their full VA loan entitlement are still bound to Wyoming’s VA loan limits.
Wyoming VA Loan Limits by County
| County | Loan Limit |
|---|---|
| Teton | $726,200 |
| All other areas | $1,089,300 |
Property Taxes in Wyoming
Another consideration for VA buyers in Wyoming is property taxes. For certain VA buyers, there are exemptions.
A veteran in Wyoming may receive a property tax exemption of $3,000 of the assessed value of his/her primary residence if the veteran has lived in the state for 3 or more years and served during a period of war. Disabled veterans are eligible for the same exemption. If the exemption is not used, it can be applied toward their vehicle's license fee.
If you are required to pay property tax in Wyoming, the American Community Survey by the U.S. Census Bureau estimates you may pay the following in each county:
| County | Property Tax Rate |
|---|---|
| Albany | 0.62% |
| Big Horn | 0.66% |
| Campbell | 0.58% |
| Carbon | 0.56% |
| Converse | 0.61% |
| Crook | 0.52% |
| Fremont | 0.68% |
| Goshen | 0.62% |
| Hot Springs | 0.61% |
| Johnson | 0.51% |
| Laramie | 0.62% |
| Lincoln | 0.55% |
| Natrona | 0.63% |
| Niobrara | 0.50% |
| Park | 0.64% |
| Platte | 0.56% |
| Sheridan | 0.60% |
| Sublette | 0.56% |
| Sweetwater | 0.60% |
| Teton | 0.49% |
| Uinta | 0.59% |
| Washakie | 0.66% |
| Weston | 0.64% |
How VA Loans Work in Wyoming
View the graphic below to learn more about how VA loans work in Wyoming.
