In Cheyenne, a $1.5M rental loan is not common. Single-family homes rarely reach that level, so jumbo balances here usually mean a newer 5-8 unit building, a large home on acreage north of town, or a refinance that pulls several properties together.
In short: LendingStreet offers jumbo DSCR loans from about $1.5M to $5M+ on high-value 1-8 unit rentals in Cheyenne, for purchase, rate-and-term and cash-out. They qualify on the property's rent, with no tax returns or W-2s. Larger balances get more review and maximum LTV can be lower, varying by program. In Cheyenne, most files at this size are newer multi-unit buildings.
Be realistic about the local market. Most Cheyenne single-family homes sell well below jumbo levels.
If your property or portfolio does not reach jumbo size, our standard DSCR, 5-8 unit and blanket programs may fit better and can offer more leverage.
| Property type | Fits a jumbo DSCR loan? | Notes |
|---|---|---|
| Newer 6-8 unit townhome or apartment building | Often | Most common jumbo file in Cheyenne |
| Large home on acreage in the Ranchettes or county | Sometimes | Rent rarely covers the payment at high leverage |
| Typical single-family rental | Rarely | Below jumbo size; see our standard DSCR page |
| Five or more rentals together | Consider a blanket loan | One loan, portfolio pricing |
This example is illustrative and not a quote. An investor buys a newer eight-unit townhome building in east Cheyenne for $2,100,000. Each unit rents for $1,700, for $13,600 a month. At 72% LTV the loan is $1,512,000. Estimated principal and interest is about $10,443, and with assumed taxes and insurance the payment is about $12,173. The DSCR is about 1.12x.
At this balance, expect closer review of reserves, the rent roll and the appraisal.
If the program sets a lower maximum LTV on this building, the investor would bring more cash and the ratio would improve. Running the numbers at several LTVs helps set expectations before you make an offer.
Larger loans carry more risk if values or rents move, and Cheyenne has fewer comparable sales at the high end. Maximum LTV varies by program and is often below the standard 80% purchase and 75% cash-out limits. Plan for a larger down payment or more equity in a refinance.
Reserves, measured in months of payments, are often higher at jumbo balances. Have bank or investment account statements ready that show liquid funds after closing.
Wyoming does not publish sale prices, and Cheyenne has few $1.5M+ rental sales. Appraisers may pull comparables from a wider area or rely more on the income approach for multi-unit buildings.
Two appraisals or a review appraisal may be required on some large files, which adds time. Order early and keep the property ready for access.
Higher-rent Cheyenne tenants include officers from F.E. Warren, senior state employees, medical staff and professionals tied to the data center projects. Newer townhomes with garages and modern finishes attract these renters and support stronger rents than older stock.
Large homes in the Ranchettes or on county acreage may attract executive tenants, but the pool is small and vacancy can last longer. Underwrite conservatively.
Owners of newer Cheyenne buildings can use jumbo DSCR loans to refinance construction debt or pull equity. Cash-out is up to 75% LTV on standard programs and often lower at jumbo balances. Rate-and-term can reach 80% on some programs, again subject to size.
Builders who hold newer buildings after completion often use a jumbo DSCR loan to pay off construction debt once the units are leased.
For a cash-out at this size, the appraisal and rent roll do most of the work. Strong occupancy, current leases and a clean property condition report help support both value and leverage.
Wyoming has no transfer tax and no state income tax. Residential property uses a 9.5% assessment ratio, and the Laramie County mill levy applies. A large building means a large insurance policy, and Cheyenne's wind and hail exposure shows up in the premium. Get quotes early.
Owner-paid utilities and common-area costs do not enter the DSCR, but they matter on large buildings. Review 12 months of expenses.
If you own several Cheyenne rentals, a blanket portfolio loan can combine five or more into one loan, qualified on portfolio cash flow with release provisions when a property sells.
If you are buying a large building that needs work first, a large bridge loan can fund the purchase and improvements, followed by a jumbo DSCR refinance once the building is stabilized.
Send the property details, rent roll, purchase price or payoff and your target leverage. Our financing team will review the file and show options. Call (877) 298-1001 or use the form below.
If the file is better suited to another program, such as a blanket loan or a standard DSCR loan, we will say so and show that option too. The goal is the structure that fits the property, not the largest possible balance.
Not many. Most jumbo files here are newer 5-8 unit buildings, not single-family homes. That can change as new buildings are completed, but plan around multi-unit properties at this size.
Jumbo DSCR loans run from about $1.5M to $5M+, reviewed case by case. Pricing and terms on large balances are set per file.
It varies by program and is often lower than on standard balances. Expect higher reserve requirements and a more detailed appraisal as well.
Yes, with a blanket portfolio loan if you have five or more properties. Blanket loans qualify on the combined cash flow of the portfolio and close once with one payment.
No. They qualify on the property's rent. You will still provide a credit report, entity documents, leases and statements showing reserves.
Sometimes, but high-end homes in Cheyenne often rent for less than the payment at high leverage. Lower LTV usually helps. A newer multi-unit building usually supports a jumbo balance better than a single large house.
Yes. Once the units are leased, a jumbo DSCR loan can pay off construction financing, subject to the appraisal and rent covering the payment.
No. These are business-purpose loans on non-owner-occupied property. The borrower, usually an LLC, holds the property as a rental or resale investment.
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