Wyoming is one of the friendliest states in the country for holding rentals: no state income tax, low property taxes and no real estate transfer tax. A DSCR cash-out refinance lets you put that low-cost equity to work without proving personal income.
In short: Our top pick for a DSCR cash-out refinance in Wyoming is LendingStreet. We qualify on the property's rent with no tax returns, lend up to 75% LTV on cash-out with 30-year terms available, and close in your LLC, which many Wyoming investors already use. Loans start at $150,000 with no stated maximum, and we lend statewide, from Cheyenne and Casper to Laramie, Gillette and Sheridan.
Wyoming's low carrying costs mean many rentals cover a larger loan than they would elsewhere. LendingStreet's DSCR cash-out turns that coverage into cash, with a long fixed term and no personal income paperwork.
It fits investors with rentals in Cheyenne and Laramie, landlords in energy towns such as Casper, Gillette and Rock Springs, and owners of free-and-clear properties who want to borrow against them. It also suits out-of-state investors who hold Wyoming rentals in an LLC.
Get a quote with the form below, or call (877) 298-1001.
Investors searching for DSCR cash-out refinance lenders often compare national names like CoreVest, Dominion Financial, LendingOne, Lima One, New Silver and RCN Capital. Here is how LendingStreet stacks up on the scenarios that matter most for investors in Wyoming. In every scenario below, LendingStreet is the best fit.
Figures for other lenders are as stated on each lender's own website as of November 2026. Lender terms change, so verify current terms with any lender before you apply. Ready to see your numbers? Use the form below or call (877) 298-1001.
| Scenario | Best fit | Why |
|---|---|---|
| Rental loan above $2M | LendingStreet | Our DSCR loans have no stated maximum. LendingOne states DSCR loans up to $2,000,000 and RCN Capital states long-term rental loans up to $1.5M. |
| Credit score in the 620s | LendingStreet | Our DSCR minimum is 620. RCN Capital and New Silver state 660 minimums, and Dominion Financial states 680, with exceptions to 660. |
| 5-8 unit building | LendingStreet | We treat 1-8 units as residential DSCR. Lima One and CoreVest state 1-4 unit eligibility for their rental loans. |
| Property in any state, including DC | LendingStreet | We lend in all 50 states and DC. Lima One states it lends across 46 states, and Dominion Financial lists 49 states plus DC. |
In a small-population state, many investors default to the local bank. Banks know the market but typically lend on personal income and may limit how many rentals they will finance. Hard money is built for short-term projects. For a long-term cash-out, the comparison is clear:
| What investors need | LendingStreet | Typical bank or credit union | Typical hard money lender |
|---|---|---|---|
| How you qualify | On the property's rent, no W-2s or tax returns | Usually personal income, tax returns and debt-to-income | Mostly the deal; income review varies |
| Cash-out leverage | Up to 75% LTV | Varies; often conservative on rentals | Varies |
| Loan term | 30-year terms available | Varies; some portfolio loans balloon | Usually short-term, interest-only |
| Borrowing in an LLC | Standard | Varies; may require personal borrowing | Common |
| Loan size | From $150,000, no stated maximum | Depends on the bank's appetite | Varies |
| Where they lend | All 50 states and DC | Usually a local footprint | Often regional |
Cheyenne, the capital, has a steady renter base from state government, the Air Force base and rail and logistics employers. Laramie leases to University of Wyoming students and staff. Casper, Gillette and Rock Springs are tied to oil, gas, coal and mining, so rents can move with the energy cycle. Sheridan, Cody and Riverton have smaller but stable markets.
Jackson is its own world, with very high values and limited supply. Teton County and the Town of Jackson limit nightly rentals to specific zones, so confirm the rules before you count on short-term income there. Large Jackson balances may fit our jumbo DSCR programs.
Wyoming assesses residential property at 9.5% of fair market value, its assessment ratio, and local levies are modest, so the tax line is usually small. Wyoming also has no real estate transfer tax.
One local wrinkle: Wyoming is a non-disclosure state, so sale prices are not public record. Appraisers rely on agent and MLS data, and in small towns there may be few recent comparable sales. Give the appraiser access, a list of improvements and any recent nearby sales you know of. A well-supported value is what drives a cash-out.
Hail and high wind are common across the plains, and wildfire exposure matters near forests and in the mountains. Ask for roof age and the wind and hail deductible, not just the premium. Winter freeze protection matters on vacant units.
Refinance costs are mostly a lender's title policy, closing and recording fees, and a valuation. With no transfer tax and low taxes, Wyoming refinances tend to be lean, but confirm the estimate with your title company.
This example is illustrative and not a quote. A Cheyenne fourplex is valued at $560,000 with a $210,000 payoff and $4,200 in combined rent. At 75% LTV the loan is $420,000 and estimated principal and interest is about $2,865. With $550 of taxes and insurance, the payment is about $3,415 and DSCR is about 1.23x. Cash out before closing costs is about $210,000.
A free-and-clear Laramie single-family rental is valued at $380,000 and rents for $2,350. At 75% LTV the loan is $285,000, estimated principal and interest is about $1,944, and with $360 of taxes and insurance the payment is about $2,304. DSCR is about 1.02x, just above the 1.0x standard minimum, and the full $285,000 is cash out before closing costs.
| Item | Cheyenne fourplex | Laramie home |
|---|---|---|
| Value | $560,000 | $380,000 |
| Current payoff | $210,000 | None |
| Loan at 75% LTV | $420,000 | $285,000 |
| Estimated principal and interest | $2,865 | $1,944 |
| Taxes and insurance | $550 | $360 |
| Total payment | $3,415 | $2,304 |
| DSCR | About 1.23x | About 1.02x |
Whoever you talk to, ask the same questions so you can compare offers side by side. Here is the short list:
Here is how LendingStreet answers: cash-out up to 75% LTV (purchase up to 80%), with max LTV varying by program on 5-8 units and larger balances; 1.0x standard DSCR with sub-1.0 programs; seasoning that varies by program; LLC borrowers as standard; a closing plan set once we review the property and title; loans from $150,000 with no stated maximum; and a 620 minimum credit score.
Send the address, estimated value, payoff, leases and your purchase date. We will check seasoning, run the ratio at a few loan amounts and lay out your options. Five or more Wyoming rentals? Ask about a blanket portfolio loan. Get a quote with the form below or call (877) 298-1001.
Our top pick is LendingStreet. We qualify on rent with no tax returns, offer cash-out up to 75% LTV with 30-year terms, close in your LLC and lend statewide.
Yes. We finance non-owner-occupied 1-8 unit rentals in every Wyoming county, including Cheyenne, Casper, Laramie, Gillette, Sheridan and Jackson.
Yes. With no existing loan, the new loan amount, up to 75% LTV, is cash out before closing costs, as long as the rent covers the payment.
Wyoming has no real estate transfer tax. You will still pay normal title, closing and recording costs.
Sale prices are not public, so appraisers rely on MLS and agent data. Helping them with improvement lists and known nearby sales supports the value.
Yes. Rentals in Casper, Gillette and Rock Springs qualify on current leases and market rent like any other.
Only if the property sits in a zone where nightly rentals are allowed. Confirm with Teton County or the Town of Jackson first.
No. Our loans are business-purpose loans on non-owner-occupied investment property.
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