New Construction Loans in Wyoming
From the foundation up, we’re by your side!
Ready to kick off your new construction project? BNB Lending offers fast, flexible financing with 1 to 2-year interest-only terms to help you get the job done efficiently. We provide funding for residential properties (1 to 4 units), multi-family units, condos, apartment complexes, commercial buildings, and hotel construction projects. Our financing covers up to 85% of the purchase price and 100% of vertical construction costs, ensuring your project is ready for rent or sale. Plus, with no prepayment penalties, you can refinance or sell whenever you're ready. Our quick closing process means you can get quoted and funded in as little as 14 days.
How to qualify
To obtain a quote, we will need the following information:
Property Value and
Purchase Price
Down Payment
Amount
Credit Score
Asset Types
- Single Family Homes
- Townhomes
- Condos
- 2 - 4 Units (Duplex, Triplex, Quadplex)
- Multi-Family: 5 - 8 Units
- Mixed-Use: 2 - 8 Units
- Multi-Family: 9+ Unit
Loan Terms
- Loan Sizes:
$100k up to $3.5 Million (Larger loan sizes available on a case by case basis)
- Purchase LTV:
Up to 85%
- Rate & Term Refinance LTV:
Up to 80%
- Cash Out Refinance LTV:
Up to 80%
- Amortization:
30 Year % 40 Year Amortization Options Available
- Term Lengths:
5/6 ARMs, 7/6 ARMs, 10 Year Interest Only, 30 Year Fixed & 40 Year Fixed
- Floor Rate:
5.50% (subject to change daily due to market volatility)
- Full Recourse
with personal guarantee required for all borrowers with majority ownership (typically 20%+ or 25%+ if closing in an Entity)
- DSCR Requirement: 1.00x or greater depending on loan size and property type. Sub-1.00x DSCR and NO DSCR options available.
- Vesting:
Lending to Individuals, LLCs, and Corporations. Trusts Allowable on a Case by Case Basis.
- Average Time to Close:
14 to 35 days
Wondering if you qualify for investment property financing in your area?
We offer lending services in all 50 states!
Frequently Asked Questions
What are the requirements for getting a construction loan?
New construction loans in Wyoming require a full set of documents, including building permits, architectural plans, a licensed contractor agreement, and a construction budget. Borrowers usually need a credit score of at least 660 and a 15%–20% down payment. You must already own the land or have it under contract. Wyoming lenders also look for a clear draw schedule tied to specific build stages. Strong packages with verified builders and exit strategies lead to faster closings and more favorable terms.
How do home construction loans differ from traditional financing options?
In Wyoming, home construction loans differ from traditional mortgages in how they fund and structure payments. Construction financing provides funds in stages, while traditional loans fund in full at closing. Borrowers in Wyoming make interest-only payments during the construction phase and typically refinance into long-term mortgage options once the project is finished. This model gives Wyoming developers better cash flow control and aligns funding with the realities of building in stages.
What credit score is needed to qualify for new construction financing?
Most construction lenders in Wyoming require a credit score of at least 660. However, the approval process is based on more than just credit. Wyoming borrowers with strong builder partnerships, documented budgets, and available reserves can often qualify even if their score is slightly below. At BNB Lending, we focus on real project feasibility. If you're building in Wyoming and can demonstrate clear execution and planning, we’re ready to work with you.
Are construction loans available to small business owners or just individuals?
In Wyoming, construction loans are available to both individuals and business entities such as LLCs and corporations. Most Wyoming developers choose to borrow through a business structure for tax and liability purposes. A personal guarantor from a majority owner is typically required. We evaluate project scope, documentation, and the strength of your builder, not just personal income. Wyoming’s flexible lending climate supports STR hosts, cabin builders, and multifamily investors alike.
What is the typical loan rate for construction financing?
Construction loan rates in Wyoming typically start at 5.50%. These interest-only loans help keep early-phase costs low and are often refinanced into DSCR or fixed-rate mortgage products once construction ends. Final rates depend on credit, documentation quality, builder experience, and draw structure. Wyoming investors with strong applications benefit from faster processing and better terms. Our funding model is designed to support real estate professionals scaling responsibly.
What types of loans are best for new construction projects in Wyoming?
The best loans for new construction projects in Wyoming are draw-based construction loans with interest-only terms. Whether you're developing short-term rentals near Jackson Hole, custom homes in Cheyenne, or multifamily builds in Casper, our Wyoming loans offer up to 85% land financing and 100% of construction costs. Wyoming developers benefit from staged capital releases, fast closings, and refinance options after the build. These loans are built for flexibility, growth, and investor success.
