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Wyoming Fix and Flip Loan

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Last Updated: April 14, 2025

Welcome to OfferMarket’s Fix and Flip Loan Program! If you're ready to capitalize on Wyoming's unique real estate opportunities, we’re here to provide the financing you need. Whether you're flipping properties in Cheyenne, Casper, or smaller towns throughout Wyoming, our loan program gives you the flexibility and capital to make your investment a success.

Why a Fix and Flip Loan in Wyoming is a Smart Investment

Wyoming offers a distinctive and growing real estate market with its picturesque towns and cities. The state is known for its natural beauty and attracts both residents and tourists, particularly around popular areas like Jackson Hole, Yellowstone, and Grand Teton National Park. These areas provide excellent opportunities for both residential flips and vacation rentals.

The Wyoming real estate market is relatively stable with lower property prices than other parts of the country, giving you the chance to acquire properties at competitive rates. In addition, Wyoming’s lack of state income tax makes it an even more attractive location for both investors and residents. With our Fix and Flip Loan Program, you can take full advantage of the state’s affordable real estate, low tax environment, and growing housing demand.

What You Get with OfferMarket’s Fix and Flip Loan in Wyoming

Our Fix and Flip Loan program is designed to help you achieve success in your Wyoming real estate projects. Here’s an overview of the loan details:

1. Loan Amount Details

Minimum Loan Amount: $25,000—perfect for smaller, quick flips.
Maximum Loan Amount: $2,000,000—loans over $1M require 3+ years of experience and strong comparable sales (comps).
How It Works: Your loan size is determined by the purchase price, rehab budget, and After Repair Value (ARV) of your property, ensuring you have enough capital to complete your project.

2. After Repair Value (ARV) Requirements
Minimum ARV: $100,000—ensuring your project is profitable.
Maximum Loan-to-ARV (LTARV): Up to 75%, adjusted by experience (e.g., 70% for beginners with light rehabs, 75% for pros with moderate jobs).
Valuation: We use appraisal reports (e.g., 1004 + 1007 for single-family homes) or in-house valuations for fast, accurate ARV estimates specific to your real estate market.

3. Funding Breakdown
Initial Advance: Up to 90% of the purchase price, based on your experience (80% for beginners, 90% for 5+ projects) and credit score (e.g., -5% for credit <720, +10% for licensed contractors).
Construction Holdback: Up to 100% of rehab costs, disbursed through self-serve, app-based draw requests with a 0-2 day turnaround.
Down Payment: Minimum $10,000 required for properties under $100K.
Draws: No minimum or maximum, with 50% of materials funded for delivery but not installed.

4. Interest Rate and Fees

Interest Rate: Flexible based on market conditions—contact us for the most updated rate tailored to your deal.
Origination Fee: 1.5 to 2 points ($2,000 minimum)—e.g., 2 points on a $100,000 loan equals $2,000 upfront.
Other Fees: $270 per draw, $30 per wire, and appraisal costs you’ll cover.
Interest Accrual: Loans under $100K accrue on the full amount (“full boat”); loans over $100K accrue only on disbursed funds.

5. Loan Term
Duration: 12-month standard term, with options for 18-24 months for specific projects.
Extensions: Up to 50% of your loan term (e.g., 6 months on a 12-month loan) for a fee (1% for 3 months, 2.5% for 6 months).

6. Repayment Structure
Payments: Interest-only payments with a balloon payment due at maturity—this helps keep your cash flow free during the rehab process.
Prepayment Penalty: None—you can pay off the loan early without worry.
Recourse: Full recourse, with 51% of your LLC or Corporation guaranteeing the loan for purchases (100% for refinances).

7. Exit Strategy Requirements
Sale: Target a minimum 30% ROI and $15,000 profit on the sale of the property.
Refinance: Aim for a post-repair debt service coverage ratio (DSCR) of 1.1 for refinancing.
Flexibility: You can switch between flipping or renting based on the market conditions, giving you the flexibility to adjust your exit strategy as needed.

8. Eligibility Criteria
Experience: Not required. Beginners start at Tier 1 (80% advance), while experienced investors qualify for Tier 5 (90%) based on 10+ projects.
Credit Score: Minimum of 680 (with exceptions for scores between 660-679).
Borrowing Entity: Must be an LLC or Corporation.
Cash Reserves: You’ll need cash to close, plus 25% of your rehab budget in liquid assets (bank, brokerage, or retirement accounts).

9. Project and Property Requirements
Eligible Properties: 1-4 unit residential—single-family (≥700 sq ft), duplex/triplex/quadplex (≥500 sq ft per unit), condos (≥500 sq ft), townhomes, and PUDs.
Maximum Acreage: Up to 5 acres—great for rural properties.
Rehab Scope: Light (under 25% of purchase price) to extensive (100%+ of purchase price). Beginners are limited to light/moderate rehabs.
Location: We lend in specific states, excluding AK, AZ, HI, MN, ND, NV, OR, SD, UT, VT. Rural areas get a -20% advance adjustment and require 3+ years of experience.

10. Risk and Approval Process
Underwriting: We assess ARV, rehab scope, your experience, and market conditions (e.g., local comps and liquidity).
Valuation: Appraisal or in-house valuation depending on your deal.
Approval Timeline: Draws take 0-2 days, and initial funding depends on how quickly you submit your documents. We aim to get you funded as quickly as possible.
Default Rate: Less than 0.5% of our loans have ever defaulted. Your success is our priority.

11. Support and Flexibility
Guidance: We offer rehab calculators and scope advice tailored to your market conditions.
Rehab Oversight: Self-serve draw inspections give you control of your rehab process.
Advanced Draws: At our discretion, we ensure you’re funded as needed throughout your project.

12. Transparency and Fine Print
Sample Costs: For a $150,000 property:
- Origination Fee (2 points): $2,000
- Draw Fee: $270 per draw
- Wire Fee: $30 per wire transfer
- Rehab Costs: Up to 100% of the rehab budget.
Hidden Costs: Draw fees, wire fees, and extension fees are clearly outlined upfront.
Rural/Complex Terms: Rural properties get a -20% advance adjustment, and extensive rehabs may be capped at 70% LTARV or 85-90% Loan-to-Full-Cost (LTFC).

How You Can Profit from Wyoming Real Estate

Let’s break down an example of how our Fix and Flip Loan Program works for a property in Wyoming. Suppose you’re purchasing a property in Casper:

Purchase Price: $180,000
Rehab Budget: $50,000
After Repair Value (ARV): $270,000

With a loan-to-ARV of 75%, you could qualify for up to $202,500 in financing. Here's how the loan breaks down:

Loan Structure	Amount
Loan Amount (75% of ARV)	$202,500
Upfront Funding (90% of purchase price for experienced investors)	$162,000
Down Payment	$18,000
Rehab Funds	$50,000

After the property is renovated and sold for $270,000, you will repay the loan and keep the profit after deducting rehab costs, fees, and other expenses. Depending on your final sale price, you could achieve a significant return on your investment.

Why Choose OfferMarket for Your Fix and Flip Loan in Wyoming?

Competitive Loan Terms: With up to 90% funding, we provide you with the capital needed to purchase and renovate properties in Wyoming. Whether you're working on a small flip or a large project, we have flexible financing options to fit your needs.
Fast and Efficient Processing: We offer quick approval and draws processed in 0-2 days, ensuring that your project stays on track and on schedule. Our system is designed to get you the funds you need as quickly as possible.
Interest-Only Payments: With interest-only payments and no prepayment penalties, you can manage your cash flow during the flip without the added stress of large monthly payments.
Expert Support: Our team of experienced professionals provides personalized guidance throughout your project. From rehab advice to funding assistance, we’re here to help you succeed in Wyoming’s real estate market.
Flexible Exit Strategies: Whether you're flipping or renting, we offer flexibility in your exit strategy. The ability to adjust based on market conditions in Wyoming ensures that you can maximize your returns.
Clear and Transparent Fees: With upfront fees and no hidden costs, you’ll know exactly what to expect, making it easier to budget and plan your project.
Proven Track Record: With a default rate of less than 0.5%, OfferMarket is a trusted partner for fix-and-flip loans. We’ve helped many investors succeed in various markets, and we’re dedicated to supporting your success in Wyoming.

Choose OfferMarket for your fix-and-flip loan in Wyoming, and let us provide the resources, flexibility, and expert support you need to turn your real estate investments into profitable ventures!

Wyoming Fix and Flip Loan: Documentation Requirements

For a smooth and efficient loan approval process, we require specific documentation. This helps us evaluate your project details and ensure compliance with the loan terms. Below are the essential documents needed for both purchase and refinance transactions in Wyoming.

Purchase Transaction Requirements

For all purchase transactions in Wyoming, the following documents are required:

Loan File Section	Document
Purchase Contract	Fully executed by buyer and seller.
Credit Report	Soft tri-merge credit report for each member of the borrowing entity that will be a guarantor.
Background Report	Required for each member of the borrowing entity.
Track Record	Required for each member of the borrowing entity.
ID Verification	Government-issued ID (e.g., driver's license, passport, Green Card).
Borrowing Entity	Articles of Organization/Incorporation, Operating Agreement/Bylaws, Certificate of Good Standing, W-9.
Scope of Work	A detailed rehab budget that will be used to determine ARV.
Appraisal Report	You will be provided with a link to pay your appraisal invoice. Your appraisal will be uploaded to your loan file.
Bank Statements	Two (2) most recent statements for each guarantor. Account(s) can be personal (i.e., bank, brokerage, retirement) and do not need to be in the name of the borrowing entity.
Letter of Explanation	If requested by underwriting, e.g., for large deposits, late payments, or background items.

Refinance Transaction Requirements

For refinance transactions, we require similar documentation:

Loan File Section	Document
Settlement Statement	Fully executed by buyer and settlement agent.
Credit Report	Soft tri-merge credit report for each member of the borrowing entity that will be a guarantor.
Background Report	Required for each member of the borrowing entity.
Track Record	Required for each member of the borrowing entity.
ID Verification	Government-issued ID (e.g., driver's license, passport, Green Card).
Borrowing Entity	Articles of Organization/Incorporation, Operating Agreement/Bylaws, Certificate of Good Standing, W-9.
Sunk Costs	The line items and associated costs that have already been incurred.
Scope of Work	Your detailed rehab budget that will be used to determine ARV and guide your rehab of the property.
Appraisal Report	You will be provided with a link to pay your appraisal invoice. Your appraisal will be uploaded to your loan file.
Bank Statements	Two (2) most recent statements for each guarantor. Account(s) can be personal (i.e., bank, brokerage, retirement) and do not need to be in the name of the borrowing entity.
Letter of Explanation	If requested by underwriting, e.g., for large deposits, late payments, or background items.

Special Requirements for Loans Over $1M

Loans over $1M (up to the $2M maximum) come with additional requirements to ensure the project’s viability and that the borrower has the necessary experience and financial stability. These include:

Criteria	Explanation
Experience	Minimum experience of 3 similar or greater price points strongly preferred.
Market Liquidity	Minimum of 3 comps within a 2-mile radius sold on the MLS in the last 6 months.
Credit Score	Minimum 680, with a minimum of 5 trade lines with a 24-month history.
Rural Designation	Not eligible if the property is designated as rural by the CFPB and USDA or appraisal report.
Track Record	Required for each member of the borrowing entity.

Glossary of Key Terms

Here’s a quick reference for some key terms used in our loan agreements:

Term	Definition
ADU	Accessory Dwelling Unit. A secondary housing unit on the same parcel as the main home.
Arms-Length	A transaction between independent parties, ensuring fair market value.
Non-Arms-Length	A transaction where a personal or business connection affects fairness or pricing.
Initial Advance	The portion of the total loan amount that goes toward the property purchase.
Construction Holdback	The portion of the total loan that will cover rehab costs.
LTARV	Loan-to-After-Repair Value. Ratio of loan amount to the property’s estimated value after rehab.
LTC	Loan-to-Cost. Ratio of loan amount to the combined purchase and rehab costs.
LTFC	Loan-to-Full-Cost. Ratio of the total loan amount to total cost, including both purchase price and rehab.

Get an Instant Fix and Flip Loan Quote in Wyoming

OfferMarket is your trusted partner for real estate investing in Wyoming. Our Fix and Flip loan program is designed to provide you with the financial flexibility and competitive rates you need to succeed in your real estate projects. Get started today by requesting an instant quote for your next fix and flip investment.