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Cheyenne

Current Mortgage Rates in Cheyenne, Wyoming

Compare mortgage rates and fees for leading lenders in Cheyenne, WY. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in Cheyenne.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Cheyenne. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates in Cheyenne, WY as of July 9, 2020
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.
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How Do Today's Cheyenne, WY Mortgage Rates Compare?

July 9, 2020

The current average rate for a 30 year fixed rate mortgage in Cheyenne is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Cheyenne, WY Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in Cheyenne, Wyoming?

Below we provide helpful information on the real estate market, home prices and housing affordability in Cheyenne. Understand how much you need to earn to afford a home in Cheyenne, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Cheyenne fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Cheyenne is right for you.

The median home value for Cheyenne, WY (Laramie County) is $254,381

Based on current mortgage rates and a 10% down payment, you need to make $45,782 per year to buy the median priced home in Cheyenne

With this income, you could qualify for a $228,943 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Cheyenne is $1,060

The median household income for Cheyenne, WY (Laramie County) is $66,315

Based on this income, you can afford a home valued at approximately $368,469

The home price you can afford to buy based on household income in Cheyenne is 145% of the median home value which means housing prices are average. Cheyenne (Laramie County) ranks 17 out of 23 counties in Wyoming and 2,594 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Cheyenne, WY is average

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Loan Limits for Cheyenne, Wyoming

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Cheyenne (Laramie County) below.

Conforming loan limits for Cheyenne, WY

1 unit: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Cheyenne, WY

1 unit: $331,760
2 units: $424,800
3 units: $513,450
4 units: $638,100

VA loan limits for Cheyenne, WY

1 unit: $510,400

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