Wyoming Second Home Loans and Mortgage Solutions
Financing Your Dream Second Home
Looking to buy a second home in Wyoming? Whether you're considering a retreat in Jackson Hole, a cabin near Yellowstone, or a part-time escape in Cheyenne, BNB Lending offers second home mortgage solutions tailored for personal use. We help buyers navigate Wyoming’s property tax structure, local STR regulations, and federal lending criteria. Our Wyoming second home loans come with competitive rates, quick approvals, and guidance through tax, zoning, and compliance challenges—so you can own confidently and enjoy your seasonal property.
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 a second home loan in Wyoming?
Wyoming second home loans follow federal lending rules. The property must be a single-unit residence, livable year-round, and personally used by the borrower for part of the year. It cannot be held by an LLC or used primarily for rental purposes. Lenders usually require a 10–20% down payment, good credit, and stable income. Wyoming has no additional lending restrictions, but city or county zoning may influence how a property is used. BNB Lending confirms your loan eligibility based on use, ownership structure, and location.
How do short-term rental rules affect loan classification?
A property that’s frequently rented may be classified as an investment, not a second home. While Wyoming has no statewide STR law, local jurisdictions—especially resort towns like Jackson—may require registration, zoning compliance, or taxes. The state imposes a 4% lodging tax on short-term rentals, and localities may charge more. At BNB Lending, we evaluate your intended rental activity and property location to determine whether your home qualifies for a second home loan or must be financed as an investment property.
Do second homes qualify for property tax benefits in Wyoming?
Wyoming second homes do not receive special property tax breaks. All real estate is assessed at 9.5% of market value, one of the lowest effective rates in the country. There’s no separate classification for second homes, and no homestead exemption for seasonal or vacation properties. At BNB Lending, we help estimate your long-term property tax costs based on assessment value and county levy rates. We incorporate these costs into your financing strategy to help you plan for sustainable second homeownership in Wyoming.
Can I deduct mortgage interest on a second home?
Mortgage interest on a second home may be deductible on your federal tax return if you itemize and use the home personally. Wyoming has no state income tax, so there is no corresponding state-level deduction. If you rent the property for part of the year, you’ll need to prorate interest and expenses accordingly. At BNB Lending, we structure your second home mortgage with federal tax efficiency in mind and recommend working with a CPA who understands IRS rules and how they apply to vacation homes in Wyoming.
Are there second home loan programs in Wyoming?
Wyoming Community Development Authority (WCDA) programs are limited to owner-occupied primary residences and do not apply to vacation or second homes. These state-level options serve first-time and low-income homebuyers. At BNB Lending, we offer flexible second home loan options across Wyoming—from national park retreats to peaceful rural cabins. We guide buyers through STR licensing, local zoning, and long-term tax planning to ensure your second home mortgage is both compliant and aligned with your financial goals.
What types of properties qualify for second home loans?
Second home loans apply to one-unit homes that are livable year-round and used primarily for personal occupancy. Eligible types include detached homes, condos, and townhouses. The property must meet appraisal and condition standards and cannot be a multi-unit, timeshare, or commercial-use building. In Wyoming, zoning and STR regulations may impact loan classification. BNB Lending helps verify that your property meets second home loan requirements and ensures your mortgage structure aligns with both lender and local expectations.
Who benefits from choosing a second home loan over an investment loan?
These loans are perfect for self-employed individuals, LLCs, and investors managing multiple properties. If you plan to use your Wyoming home primarily for personal stays and only rent it occasionally, a second home loan may offer better rates and terms than an investment loan. These loans must be in your personal name—not held by an LLC. BNB Lending structures Wyoming second home loans to provide flexibility while keeping your financing compliant with lender and zoning guidelines.
Thinking beyond Wyoming? Explore second home and other short-term renal loan opportunities in nearby states like Colorado or Montana to expand your portfolio.
