Wyoming has few large cities and a lot of ground between them, so investors often end up with whatever short-term financing a local lender or private party could offer. When that loan nears maturity, a DSCR rate-and-term refinance can replace it with long-term debt sized on the rent.
In short: LendingStreet is our top pick for a DSCR rate-and-term refinance in Wyoming. We qualify on the property's rent with no W-2s or tax returns, lend in LLCs as standard, and offer 30-year terms with rate-and-term refinances up to 80% LTV on some programs. Loans start at $150,000 with no stated maximum, and we lend statewide, from Cheyenne and Laramie to Casper, Gillette, Rock Springs and Sheridan. Get a quote with the form below or call (877) 298-1001.
LendingStreet is an investor lender, and a rate-and-term refinance is exactly the kind of loan we are built for: take the debt you used to buy or rehab a rental, and replace it with a long-term loan the property's rent can support.
Our standard minimum DSCR is 1.0x, minimum credit is 620, and sub-1.0 programs exist for files that come in a little short. Because we lend in all 50 states and DC, a Wyoming investor does not need to find a lender with a branch in town. We work the file the same way whether the rental is in Cheyenne or a smaller county seat.
If you have a bridge loan, a private note or a bank balloon coming due on a Wyoming rental, call (877) 298-1001 or use the form below.
If you are weighing CoreVest, Dominion Financial, LendingOne, Lima One, New Silver and RCN Capital for a DSCR refinance loan for investors in Wyoming, this is the short version: LendingStreet wins the scenarios below, and you can get a quote with the form below.
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. |
Cheyenne, the capital, has steady renter demand from state government, the nearby Air Force base and logistics employers along the I-25 and I-80 corridors, with a mix of older homes near downtown and newer subdivisions on the edges of town. Laramie's rental market leans on the University of Wyoming, with older single-family homes and small multifamily close to campus.
Casper, Gillette and Rock Springs are tied more closely to energy. Rents and vacancy there can rise and fall with oil, gas, coal and mining activity, which is one reason investors in those towns prefer a fixed long-term payment over a loan that has to be renewed. Sheridan and Riverton are smaller markets with fewer comparable sales.
Jackson and the rest of Teton County are a different world, with very high values and local rules on short-term rentals. Check with Teton County or the Town of Jackson before you count on any nightly rental income.
A rate-and-term refinance does not take cash out. It pays off what you owe, plus closing costs, and puts the property on long-term terms. Wyoming investors usually do it for one of these reasons:
Wyoming investors usually weigh a local bank, a private or hard money lender, and a long-term investor lender. Here is the comparison for a rate-and-term refinance.
| What investors need | LendingStreet | Typical bank or credit union | Typical private or hard money lender |
|---|---|---|---|
| Qualify on | The property's rent (DSCR) | Often personal income and tax returns | Mostly the property; short-term |
| Loan term | 30-year terms available | Often a balloon or shorter term | Usually short-term only |
| Rate-and-term leverage | Up to 80% LTV on some programs | Varies | Not designed for permanent debt |
| LLC borrowers | Standard | Varies | Common |
| Rural and small-town rentals | Statewide coverage | Often limited to its market area | Varies |
| Minimum loan | $150,000, no stated maximum | Varies | Varies |
This example is illustrative and not a quote. An investor bought a Casper triplex with a bridge loan, updated the units, and leased all three for a combined $3,150 a month. The property now appraises at about $360,000, and the bridge payoff is $248,000.
The refinance pays off the bridge plus about $6,000 in estimated closing costs, for a new loan of $254,000, or about 71% LTV. Estimated principal and interest on a 30-year term is about $1,754 a month. Taxes of $190 and insurance of $210 bring the total to about $2,154.
Against $3,150 of rent, DSCR is about 1.46x. Wyoming's generally modest property taxes help the ratio, which gives this investor a cushion if a unit sits empty during a slow stretch in the oil patch.
| Item | Amount |
|---|---|
| Appraised value | $360,000 |
| Bridge loan payoff | $248,000 |
| Estimated closing costs | $6,000 |
| New loan | $254,000 (about 71% LTV) |
| Estimated principal and interest | $1,754 |
| Property taxes | $190 |
| Insurance | $210 |
| Total payment | $2,154 |
| Combined rent, three units | $3,150 |
| DSCR | About 1.46x |
Wyoming has no state income tax, and property taxes are generally low compared with most states. Residential property is assessed at a fixed assessment ratio of market value, and recent state law changes have focused tax relief on owner-occupied homes, which a rental usually does not qualify for. Use the current bill for the property as a rental and confirm with the county assessor.
Wyoming does not have a state real estate transfer tax, so closing costs on a refinance are mainly title insurance, recording, the appraisal and any lender costs. Hail and wind are the main insurance concerns in much of the state, and wildfire can matter near forested areas, so get a full quote before you estimate the payment.
Use this checklist with every lender you talk to:
LendingStreet offers rate-and-term refinances up to 80% LTV on some programs, varying by program. The standard DSCR minimum is 1.0x, and sub-1.0 programs are available. Seasoning varies by program; our seasoning guide explains the common rules. LLC borrowers are standard, loans start at $150,000 with no stated maximum, and larger balances get extra review.
To get moving, gather the payoff statement, current leases, the insurance declarations page and your LLC documents. Then get a quote with the form below.
Our top pick is LendingStreet. We qualify on the rental's income instead of tax returns, offer 30-year terms and up to 80% LTV on some rate-and-term programs, allow LLC borrowers, and lend in every Wyoming county.
Yes. LendingStreet lends in all 50 states and DC, including Cheyenne, Casper, Laramie, Gillette, Rock Springs and smaller Wyoming towns, on non-owner-occupied rentals.
Often, yes. The appraiser needs enough comparable sales to support the value, which can take longer in rural areas. Start early if your current loan has a maturity date.
Wyoming does not have a state real estate transfer tax. You will still pay title, recording and appraisal costs, so confirm the full closing budget with your title company.
The loan is sized on the current lease or market rent at the time of the refinance. Locking in a long-term fixed payment while the rental is leased is one reason Wyoming investors refinance before a slow stretch.
The standard minimum is 1.0x, and sub-1.0 programs exist. Call (877) 298-1001 and we can show you how the ratio changes with the loan amount.
It depends on local rules. Teton County and the Town of Jackson regulate short-term rentals, so confirm the property is allowed to operate before relying on that income.
2-3 competing quotes from 30+ capital sources. No credit pull. No commitment.
By clicking, you provide express written consent to be contacted by LendingStreet (NMLS #1734316) via SMS, phone, or email, possibly using automated technology, regarding your loan inquiry. Reply STOP to opt out. Consent is not required to obtain services. See our Privacy Policy and Terms.