Question 1

Is Manual Underwriting Allowed in the Program?

Accepted Answer

Yes. Manual underwriting is permitted and underwriters must follow US Bank and Agency guidelines for the product (FHA, VA, USDA: RD, etc.). It is not allowed for Manufactured Homes.

Question 2

Is There an Income Limit?

Accepted Answer

Yes. Please see the "Income Limits" section on our "About" page.

Question 3

Are Co-Signers Allowed?

Accepted Answer

Yes. Co-signers are permitted to the extent permitted by applicable agency (FHA, VA, USDA:RD). Treat co-signer/income as directed by the agency. A co-signer cannot have any ownership interest in the property. (They cannot be on the mortgage/DOT/ warranty deed.)

Question 4

Will Using the Program Slow Down the Closing of my Loan?

Accepted Answer

No. Using the program should not slow down loan closing. Borrowers should utilize the services of a trained and qualified lender.

Question 5

Is Homebuyer Education Required?

Accepted Answer

Yes. All borrowers must complete a homebuyer education course and receive a certificate of completion. Ask an approved Welcome Home Wyoming Program lender for more details.

Question 6

Are Manufactured Home Allowed?

Accepted Answer

Yes. Ask an approved Welcome Home Wyoming Program lender for more details.

Question 7

Are Conventional Loans Offered?

Accepted Answer

Yes. The Welcome Home Wyoming Program offers products made possible by Freddie Mac and Fannie Mae.

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