ForTheBestRate.com provides information on competitive mortgage rates from some of Wyoming’s top lenders and brokers. Wyoming’s rugged landscape provides a perfect backdrop for a dream home, from the Great Plains to the High Plains and the Rocky Mountains. Whether you are looking to purchase a home in Cheyenne or refinance your residence in the foothills of the Rockies, ForTheBestRate.com offers a platform to help you find a mortgage lender, broker, or bank to make your dreams of homeownership a reality.
How the rate tables on ForTheBestRate.com work
Everyday we receive interest rate information from a third party provider. The mortgage rates, closing costs, and APR information provided in the table is submitted directly by the various mortgage lenders, brokers and banks. We are not responsible for the accuracy of the rates supplied by the financial institutions. Rates may vary for multiple reasons such as the type of properties being financed (i.e. stick built homes, condominiums, manufactured homes, etc), how the owners plan to occupy the property (i.e. owner occupied, second home, or investment property), or multiple of other reasons. You can use the product dropdown tool to navigate between various fixed rate (30,20,15, and 10 year) and adjustable rate solutions (3/1, 5/1, and 7/1 ARMs). You can also view jumbo mortgage rates by entering in a non-conforming loan amount in the relevant field in the survey. We encourage you to speak with multiple mortgage companies directly to verify whether or not you may qualify for the listed pricing.
Types of Fixed Rate Mortgages Posted in the Rate Tables and Some Reasons Why to Consider Each One
- 30 Year Mortgages – Most popular option in today’s marketplace. Loan is amortized over the course of 30 years (360 months) which keeps monthly principal and interest payments lower than shorter term fixed rate solutions. Interest paid over the life of the loan will be considerably higher than 10, 15, and 20 year financing products.
- 20 Year Mortgages – Repayment is made over 20 years (240 months). Can be a good option for people who are worried about committing to the higher payments associated with 15 year mortgages but do not want to take on the longer repayment period and higher interest of a 30 year home loan.
- 15 Year Mortgages – Second most popular fixed rate product after 30 year financing. Repaid over 15 years (180 months). Note rates are usually lower than what a home buyer or homeowner would get with a 30 or 20 year mortgage. On the flipside, monthly payments are higher as the repayment period is cut in half. Interest savings can be significant when measured against longer term fixed rate products.
- 10 Year Mortgages – Shortest fixed rate mortgage program advertised in the rate tables. For those who can afford higher monthly payments, 10 year fixed rate financing can lead to considerable interest savings versus 30, 20, and 15 year home loans.
Other Places to Research Mortgage Companies and Down Payment Assistance Programs in Wyoming
Wyoming Mortgage Bankers Association – Website
200 East 8th Avenue Suite 201 Cheyenne, WY 82001 PH:307-638-5008
Wyoming Mortgage Lenders Association – Website
Credit Union Association of Wyoming – Website
1009 Grant Street Denver, CO 80203 PH: 720-479-3200
Wyoming Community Development Authority – Information on affordable Housing in the State of Wyoming – Website