Land & Lot Loans in Wyoming

Land loans let you secure your ideal property and build your dream home.

You’re our first priority. We want you to understand how we make money. This post may contain affiliate links. Biglaw Investor may receive a commission at no additional cost to you if you click on the links in this article. This may influence which products we write about and where and how the products appear on a page. However, it does not influence our evaluations. Our opinions are our own. In some circumstances, if you work with us, we are able to provide an incentive to work with our advertising partners that is unavailable if you work with our advertising partners directly. Our partners cannot pay us to guarantee favorable reviews of their products or services. To read more about how we make money, click here.

Find a Land & Lot Loan lender

Special Loans for Land

A land of opportunity

JD MORTGAGE® connects you with lenders who want to help you purchase land. We find the lenders that offer terms specially tailored to your goals, whether it’s building your dream home or some other business, agricultural or recreational purpose.

Offered exclusively through Biglaw Investor, we make it incredibly simple to find the best loan for your land financing needs.

Get Your Land Loan Rate

ground your dreams in reality

Let the best bank win

PrimeLending logo UMB logo Flagstar Bank logo First National of Nebraska logo PNC Bank logo First Horizon Bank logo Fairway logo

And many more

Other lawyers love us.

We think you will too.

Read More Reviews
Mary Kate Raffetto

I’m an associate at a firm in Houston and used JD Mortgage thanks to your advice! The experience was great—they were super fast and responsive.” —Mary Kate Raffetto Beck Redden LLP

Clint Cowan

For a JD Mortgage, I had good luck with IBERIABank. [They] made this process very smooth.” —Clint Cowan Lynn Pinker Hurst & Schwegmann

4 Best Land and Lot Loans in Wyoming

Key Terms

  • Land loans are a great way to build a second or vacation home in an area you might not otherwise be able to afford, like Jackson Hole.
  • Land loans for land purchases don’t involve monthly insurance payments like a traditional mortgage loan, lowering monthly payments.
  • Land loans can also be used to purchase agri-business or recreational land, which can be used for hunting or fishing.

It’s hard to deny the natural beauties of Wyoming. Many a person has cited seeing the Tetons for the first time, as an example, as one of the most shocking experiences of their lives.  According to the U.S. Census Bureau, there are 97,089 square miles of land in Wyoming, offering plenty of space for everyone to find real estate. 

Of course, finding an affordable home and getting a home loan is getting harder and harder. What many Wyomingites are doing instead is purchasing land with a land loan and building a home on their own terms. Per the New Estimates of Value of Land of the United States, the value per acre of land in Wyoming is an incredibly low $1557.83, meaning that you can get some serious acreage for very little, good news for ranchers trying to get a farm loan and people wanting to but recreational land. 

You can wait as long as you want to build with a land loan, too. The home equity you build on your property can be put towards a Wyoming construction loan

Show Me Lenders

Benefits of getting a land loan in Wyoming

A land loan may be the best option if you have discovered a plot of land in a desirable location. Land loans are frequently classified as raw, unimproved, or improved land, depending on the condition of the land. Raw land is undeveloped land that does not have electricity or access roads. Financing options for raw land are less expensive. Raw land is similar to unimproved land, but the latter has some amenities or utilities. Unimproved lands, on the other hand, do not have natural gas or electricity meters. The final option is improved land with road, water, and electricity access.

One significant advantage of obtaining a Wyoming land loan is the ability to build a customized house to your specs on a parcel of your choosing. Furthermore, constructing your own residence enables you to manage the timeline and process. Some people, for example, buy land years in advance and only initiate building a house when they are ready. This opens up the possibility of having better plans and a well-thought-out house plan.

Get Quotes for Your Land Loan

4 Best land loan lenders in Wyoming

If you’re in the market to purchase land in Wyoming, consider these land loan lenders that are available for projects in the state.

1. Meridian Trust Federal Credit Union

Meridian Trust Federal Credit Union offers credit union services in Nebraska, Wyoming, and Colorado for members to help them reach financial goals and to provide banking services. Meridian Trust Federal Credit Union offers a number of loan and lending products, including online banking, personal loans land loans for homes and businesses.

To get you the best information, we contacted the loan specialists Meridian Trust Federal Credit Union for more details on their land loans and here are the key features and terms:

  • Land loans available for improved property (sewer hookup, utilities, etc.)
  • Loan terms available in 60, 120, 180 or 420 months
  • Minimum loan amount is $100,000
  • $500 fees except title, appraisal/BPO

When you’re ready to connect with a loan officer, use our form to quickly match with land and lot loan programs based on your specific circumstances.

2. Wyoming Community Bank

Wyoming Community Bank is a regional bank with over $100 million in assets and 35 employees. They mainly provide service to Fremont County but can be contacted if you are interested in purchasing land across the state of Wyoming.

We reached out to Wyoming Community Bank to learn more about its land loan program and this is what we found:

  • Loan officers available to help craft a plan for your project
  • Agricultural business loans available
  • Can fund construction loans

When you’re ready to connect with a loan officer, use our form to quickly match with land and lot loan programs based on your specific circumstances.

3. Stage Point Federal Credit Union

Stage Point Federal Credit Union is based in Wyoming and offers a number of products to their customers to aid in the purchase of property and homes. Some of the products offered by Stage Point Federal Credit Union include construction loans and land loans.

We reached out to Stage Point Federal Credit Union to discuss land loan details, which you can read about below:

  • Land loans can be used to secure land before you are ready to build
  • Equity from land loan will be rolled into construction loan
  • Local Wyoming lender

When you’re ready to connect with a loan officer, use our form to quickly match with land and lot loan programs based on your specific circumstances.

4. First State Bank of Wyoming

The First State Bank of Wyoming, founded in 1914, is a full-service bank offering financial services to those in Wyoming, Minnesota, and the surrounding area. The bank offers home equity loans, mortgages, construction loans, and other financial tools to consumers and gives over 2% of their gross earnings to charities.

We reached out to First State Bank of Wyoming to get more details on their land loan product, which you can read about below:

  • Get short-term financing while your home is being built and pay contractors as work is completed
  • Expand on existing acreage
  • Construction to permanent financing options

When you’re ready to connect with a loan officer, use our form to quickly match with land and lot loan programs based on your specific circumstances.

Does a Wyoming home land loan make sense for you?

Obtaining a land loan in Wyoming has some advantages and disadvantages. A land loan enables a borrower to acquire property and construct a custom home. Lenders are much more inclined to approve a loan if you intend to construct a house because the house will add value to the bank’s collateral. There is no hurry to start building after obtaining a land loan, so you can take your time.

Obtaining a land loan in Wyoming necessitates some planning ahead of course. Borrowers must find the right loan and compare the details of various lending programs, interest rates and down payment requirements offered by various financial institutions.

Also, if the land is raw or doesn’t get built on for a time, there is no collateral like there is for other real estate loans, making the loan riskier; as a result, many lenders would be less willing to process the loan.

As a result, it is preferable to work with a loan officer who specializes in land loans. This is a situation in which you will benefit from the advice of someone who deals with lot loans all day, every day.

Looking for a land or lot loan in a different state?

If you want to find the best land and lot loans in other states, click on your state below.

Find a Land Loan Specialist

Joshua Holt is a licensed mortgage loan originator (NMLS #2306824) and founder of Biglaw Investor. His mortgage expertise lies in the areas of professional mortgage loans, particularly for lawyers, doctors and other high-income professionals. Prior to Biglaw Investor, Josh practiced private equity mergers & acquisition law for one of the largest law firms in the country.

Save more money than your friends

One email each week covers personal finance, financial independence, investing and other stuff for lawyers that makes you better.