By Tyler Thompson · NC-Licensed Real Estate Agent · Updated November 2, 2026
Cheyenne WY Down Payment Assistance Programs
See programs you qualify for
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Two systems serve Cheyenne. Compare the Cheyenne Housing Authority's forgivable second with the state's $15,000 down payment assistance loans, then see your cash.
Verified Nov. 2026
Quick answer
Most Cheyenne buyers pick one of two routes. Welcome Home Wyoming, from the Cheyenne Housing Authority, adds 3% or 4% of your mortgage. It is forgiven after 30 years, and past owners can use it. The state's Homestretch lends as much as $15,000 at 0%, with no payments. Each needs its own first mortgage, so you choose one.
- Median home value
- $333,700
- Census ACS 2020-2024
- 3% down payment
- $10,011
- At the median value
- Closing costs
- $8,300–$11,700
- 2.5% to 3.5% of price
- Main programs
- 3
- Plus 7 options for some buyers
Forgivable means you repay nothing if you live in the home for the full term. Sell or move out early and you may owe some or all of it back.
Which program fits your Cheyenne home?
Find the row that describes you, then check the catch before you count on the money.
| If you are | Start with | What you get | The catch |
|---|---|---|---|
| Plan to stay 30 years or more | Start with:Welcome Home Wyoming | You get:3% or 4% of your mortgage, forgiven after 30 years | Catch:Whole balance due if you sell or refinance before year 30; income up to $140,140 |
| First-time buyer who wants a fixed amount | Start with:WCDA Homestretch | You get:A 0% loan to $15,000, nothing due monthly | Catch:620 credit and $1,500 of your own; price up to $566,354 on the first-time loan |
| Bought a home in the past 3 years | Start with:WCDA Amortizing loan or Welcome Home | You get:Up to $15,000, paid back within 10 years | Catch:Monthly payment on top of the mortgage; income up to $140,140 |
| Veteran or F.E. Warren service member | Start with:VA loan | You get:0% down | Catch:Get the VA eligibility certificate early; a funding fee applies unless waived |
Limits: WCDA table (June 22, 2026). Welcome Home Wyoming guide (Nov. 2, 2026; income limits May 12, 2026).
We’ll fill in its city and state on the free eligibility check. A mailing address that says Cheyenne isn’t always inside city limits, so confirm with the program before you make an offer.
How much cash you need in Cheyenne
| Median home value (Census ACS 2020-2024) | $333,700 |
|---|---|
| 3% down payment (conventional loan) | $10,011 |
| 3.5% down payment (FHA loan) | $11,680 |
| Closing costs, 2.5% to 3.5% of price | $8,300–$11,700 |
| Cash needed with 3% down, before any help | $18,311–$21,711 |
| Cash needed after WCDA Homestretch | $3,311–$6,711 |
Estimated as 2.5% through 3.5% of the $333,700 price: lender and title fees, Laramie County recording, appraisal, and escrow for property tax and homeowners insurance. Estimate only, not a quote.
Compare Cheyenne's main programs
| Program | Who runs it | Help | Paid back? | Who can apply |
|---|---|---|---|---|
| Welcome Home Wyoming | Runs it:Cheyenne Housing Authority | Help:3% or 4% of the note | Paid back?Forgiven at the 360th month; full payoff if sold before | Who:Any buyer, first-time or not |
| WCDA Homestretch | Runs it:Wyoming Community Development | Help:Up to $15,000 | Paid back?No interest or payments until sale, refinance or year 30 | Who:Buyers on a state first-time or Edge loan |
| WCDA Amortizing loan | Runs it:Wyoming Community Development | Help:Up to $15,000 | Paid back?Paid monthly, 10 years at most | Who:Buyers on the state Advantage loan |
Can you combine them? These three don't stack. Welcome Home Wyoming comes with its own first mortgage, and each state loan works only with a matching state first mortgage. Ask one lender to price Welcome Home and Homestretch on the same Cheyenne house.
Other help for some Cheyenne buyers
- FHLBank Des Moines Home$tart: Ask a member bank or credit union whether it still holds 2026 funds. The $15,000 grant is for first-time buyers under 80% of area median and is forgiven over 5 years. The October release is fully reserved, but returned funds go back out until December 31.
- HUD Good Neighbor Next Door: Police officers, teachers, firefighters and EMTs can buy HUD-listed Cheyenne homes at half price. The home must be in a revitalization area. You must live there 3 years.
- HUD $100 down: HUD-owned Cheyenne homes bought by an owner-occupant with an FHA loan need only $100 down.
Loan types that work with this help
An FHA loan takes 3.5% down. HomeReady and Home Possible cut that to 3% for buyers under their income limits. Eligible veterans and airmen can put nothing down with VA. USDA loans don't reach a city of Cheyenne's size.
Three Cheyenne examples
Examples only, not quotes. Closing costs use 3% of the price, the middle of the range above.
$333,700 median home with Homestretch
| Price | $333,700 |
|---|---|
| Down payment | $11,680 |
| Closing costs | $10,011 |
| WCDA Homestretch | −$15,000 |
| You bring | $6,691 |
FHA 3.5% down on a state first-time loan. The buyer's share covers Homestretch's $1,500 minimum contribution.
Past owner, $350,000 home, Welcome Home 4%
| Price | $350,000 |
|---|---|
| Down payment | $10,500 |
| Closing costs | $10,500 |
| Welcome Home Wyoming 4% | −$13,580 |
| You bring | $7,420 |
Conventional 3% down, so 4% of the $339,500 loan is $13,580. Owning a home before doesn't matter for this program.
Airman's family, $320,000 home with VA
| Price | $320,000 |
|---|---|
| Down payment | $0 |
| Closing costs | $9,600 |
| Welcome Home Wyoming 3% | −$9,600 |
| You bring | $0 |
A $320,000 VA loan with the funding fee waived or paid in cash. A sale after a transfer within 30 years repays the 3%.
How to apply in Cheyenne
- 1
Take a homebuyer class
Wyoming Housing Network
Start with the class. Both Welcome Home Wyoming and the state's first-time loan require it. The network's course is online, then a one-on-one session. The online part costs $75.
307-233-8518, education@whninc.org · whninc.org
- 2
Find a lender that offers both
WCDA participating lenders in Cheyenne
Use the state's lender list. It shows Cheyenne loan officers at Guild Mortgage, Fairway, Jonah Bank, First Wyoming Bank, Platte Valley Bank and U.S. Bank. Ask about Welcome Home Wyoming too.
- 3
Compare the two seconds on one house
Your lender
Sign a contract first. The lender can then reserve either program the same day. Compare 4% of your loan with $15,000. Then weigh 30-year forgiveness against a loan due at sale.
- 4
Check your income against 2026 limits
Wyoming Community Development Authority
Count every adult's income. Laramie County's first-time loan allows $104,400 for 1 or 2 people and $120,060 for 3 or more (June 22, 2026). The other loans use $140,140.
State agency: 307-265-0603 · Loan review: 307-253-1084 · City housing: 307-637-6285 · wyomingcda.com
Before you make an offer in Cheyenne
Base transfers and the 30-year rule
F.E. Warren Air Force Base families often move within a few years. Welcome Home Wyoming's second is due in full on a sale before year 30, so plan for that payoff.
Claim the 25% homeowner exemption
File Wyoming's owner-occupied affidavit after you move in. The county then removes 25% of the home's value, on up to $1 million, from your tax bill. Typical Cheyenne owners pay $1,946 a year in property tax (Census ACS 2020-2024).
Homes from the 1970s
Half of Cheyenne homes were built in 1976 or earlier (Census ACS 2020-2024). Budget for an inspection of the roof, furnace and sewer line before you commit.
Frequently Asked Questions
Is Welcome Home Wyoming really a City of Cheyenne program?+−
Is any of the Welcome Home second forgiven if I sell in year 8?+−
Which pays more on a $333,700 Cheyenne home, 4% or $15,000?+−
Does Laramie County's income limit rule out a two-earner household?+−
Can an F.E. Warren airman use a VA loan with Welcome Home Wyoming?+−
Buying elsewhere in Wyoming? Compare all Wyoming home buyer programs →
Sources
Last verified November 2, 2026.
- U.S. Census Bureau: Cheyenne city, Wyoming profile (ACS 2020-2024)
- eHousingPlus: Welcome Home Wyoming program page
- Cheyenne Housing Authority: Welcome Home Wyoming guidelines (Nov. 2, 2026)
- City of Cheyenne: 2026 Annual Action Plan (June 2026, PDF)
- City of Cheyenne: Housing & Community Development Division
- Wyoming Community Development Authority: Homebuyer programs
- WCDA: 2026 purchase price and income limits (June 22, 2026)
- Wyoming Community Development Authority: Participating lenders
- Wyoming Housing Network: Homebuyer education
- Wyoming Department of Revenue: Homeowner property tax exemption
- U.S. Department of Veterans Affairs: VA home loans
- FHLBank Des Moines: Home$tart