Conventional loans in Wyoming: conforming limit, real monthly costs, PMI timeline

On Wyoming’s rough $350,000 median, a conventional loan with 5% down means $17,500 at closing and about $2,473 a month with taxes and mortgage insurance; with 20% down, $70,000 and about $1,933. Everything below is worked on those numbers and on the state rules that change them.

How much house stays conforming in Wyoming

In Wyoming, a one-unit conventional loan above $832,750 is jumbo in 2026. The median price of about $350,000 means the median buyer is well inside the limit even with 3% down (loan $339,500), so conforming rules apply to most purchases. Two-, three- and four-unit homes have higher limits. Every Wyoming county is in the table below; see conforming loan limits and jumbo loans.

Wyoming loan limits, county by county (2026)

Because the limit follows the county line, the same Wyoming price can be conforming on one side and jumbo on the other. 1 of 23 counties are high-cost in 2026 (in bold), with Teton County at $1,249,125; the rest use $832,750. Multi-unit limits are shown for each county.

Source: FHFA, Conforming Loan Limit Values for 2026 (county list, mortgages acquired in calendar year 2026). Limits are for Fannie Mae and Freddie Mac loans; FHA and VA use their own county figures.

Monthly cost on a $350,000 Wyoming home

Illustrative 6.5% 30-year fixed rate, principal and interest only; mortgage insurance at typical market rates for each down payment (it varies with credit score); property tax at the state’s approximate 0.56% effective rate. Homeowners insurance and any HOA come on top. None of it is an offer.

Below 20% down, the 3% and 5% programs (HomeReady, Home Possible, Conventional 97) have income or first-time conditions; see 3% down conventional loans.

When PMI ends in Wyoming

Three dates matter: the month the balance hits 80% of the original price (you ask), 78% (the servicer must act) and the loan’s midpoint (cancellation regardless of value, if current). On Wyoming’s median with 5% down at 6.5%, the schedule reaches 80% in about 10 years and 4 months; with 3% down, about 11 years and 1 months; with 10% down, about 7 years and 11 months. Over that time the 5% buyer pays roughly $25,792 in PMI at $208 a month.

The Wyoming closing: costs and who runs it

Wyoming closings are handled by title companies that act as escrow and closing agents; no attorney is required, and the state’s small bar means lawyers are involved mainly in ranch and commercial transactions. Funding is wet, with the mortgage recorded at the county clerk’s office immediately after signing. Closing fees charged by title companies are typically in the few-hundred-dollar range and often split between buyer and seller.

Wyoming imposes no mortgage tax, no intangible tax and no real estate transfer tax of any kind; the borrower pays only the county clerk’s per-page recording fee for the mortgage. The absence of transaction taxes, combined with no state income tax, makes Wyoming one of the lowest-cost states in which to record a loan. Wyoming has no real estate transfer tax and no mortgage tax; only recording fees apply.

Wyoming buyer closing costs typically total 2% to 3% of the price; title companies handle closings, and rural appraisals can take longer than elsewhere.

Prepayment, spouses and homestead in Wyoming

Prepayment. Wyoming has no statute specific to prepayment penalties on first mortgages; its Uniform Consumer Credit Code (Statutes Title 40, chapter 14) gives consumers the right to prepay covered loans without penalty, but first-lien residential mortgages are largely excluded from the Code, leaving the penalty question to the contract and the federal qualified-mortgage limits. Federal QM rules ban prepayment penalties on most conventional loans anyway; the Loan Estimate says yes or no on page one.

Spouses and title. Wyoming is a separate-property state, so the spouse who signs the note and mortgage is the one bound, and a spouse not on title has no ownership interest during the marriage.

Homestead. Wyoming Statutes § 1-20-101 exempts $20,000 of equity per person in a home from execution, which doubles to $40,000 for married co-owners, and the state Constitution (article 19, § 9) guarantees that a homestead exemption exists; a mortgage, tax lien or mechanics’ lien is still enforceable.

The complete state layer — licensing, predatory-lending limits, disclosures, foreclosure — is on mortgage laws in Wyoming.

Frequently asked questions

What is the conforming loan limit in Wyoming for 2026?

There is no single Wyoming number: 1 of the state’s 23 counties are FHFA high-cost areas in 2026, with one-unit limits between $1,249,125 and $1,249,125 (Teton County); the other 22 use the $832,750 baseline. Above your county’s limit, the loan is jumbo.

When can I cancel PMI on a conventional loan in Wyoming?

Federal law, not Wyoming law, sets the dates: request at 80% of original value, automatic at 78%, and in any case at the loan’s midpoint. On the median Wyoming price with 5% down at an illustrative 6.5%, that is roughly 10 years and 4 months and 11 years and 3 months respectively if you only make the scheduled payment.

Does Wyoming add anything to a conventional loan’s closing costs?

Wyoming imposes no mortgage tax, no intangible tax and no real estate transfer tax of any kind; the borrower pays only the county clerk’s per-page recording fee for the mortgage. Wyoming has no real estate transfer tax and no mortgage tax; only recording fees apply. Wyoming buyer closing costs typically total 2% to 3% of the price; title companies handle closings, and rural appraisals can take longer than elsewhere.

Related: Refinancing with bad credit: what is realistic below 620, 660 and 700, Mortgage rate locks: how long to lock, what extensions cost, when to float, Self-employed and buying: how conventional lenders calculate your income, Mortgage underwriting: what happens between pre-approval and clear to close. First home in Wyoming: programs and assistance. Hub: Conventional loan.