Quick answer: Yes — Defy originates DSCR loans across Wyoming with a 0.75 minimum DSCR, 640 minimum FICO, and a $75,000 minimum loan amount with no hard maximum. No tax returns, no DTI calculation, no employment verification. Wyoming’s pitch to landlords is structural: the tax drag simply is not there — no state income tax, some of the lowest property taxes in the country, and landlord-friendly courts, so more of every rent check stays in the deal.
Where Wyoming DSCR deals pencil in 2026
Cheyenne. State government, F.E. Warren AFB, and a growing data-center corridor give the capital the steadiest tenant base in Wyoming. Workforce SFRs rent dependably, and Colorado Front Range spillover keeps demand ahead of new supply.
Casper. The energy-services hub. Rents hold well through most of the cycle, and entry prices stay moderate — but tenancy tracks the oil patch, so underwrite conservative vacancy.
Jackson / Teton County. The resort outlier: entry prices are an order of magnitude above the rest of the state, and short-term rental zoning is tightly restricted. Long-term workforce rentals are chronically undersupplied and lease instantly — the coverage math is about the purchase price, not the demand.
Laramie / Gillette / Rock Springs. The University of Wyoming anchors Laramie’s rental cycle; Gillette and Rock Springs are pure energy-and-minerals towns with cheap entry and cycle-sensitive tenancy. Mind the $75K loan floor on the cheapest stock.
Wyoming DSCR loan requirements
| Requirement | Defy’s terms |
|---|---|
| Minimum DSCR | 0.75 |
| Minimum credit score | 640 |
| Loan amount | $75,000 minimum — no hard maximum |
| Max LTV (purchase) | Up to 85% SFR · up to 80% 2–4 unit |
| Max LTV (cash-out refinance) | Up to 80% SFR · up to 75% 2–4 unit |
| Max LTV (rate/term refinance) | Up to 80% SFR · up to 75% 2–4 unit |
| Typical close | 14–21 days |
| Documentation | No tax returns · no DTI · no employment verification |
A worked Cheyenne example
Say you’re buying a $320,000 single-family rental on Cheyenne’s south side at 80% LTV. Market rent comes in at $2,300. Your total monthly payment — principal, interest, taxes, insurance, and any association dues (PITIA) — pencils at roughly $1,880.
DSCR = $2,300 ÷ $1,880 = 1.22.
Comfortably above Defy’s 0.75 floor — the property qualifies on its own cash flow. Your tax returns and your day job never enter the file.
Wyoming underwriting realities
Thin comps are the default. Outside Cheyenne and Casper, appraisers work with few sales and wide adjustment ranges. Build appraisal time into the schedule and expect the rent survey (Form 1007) to lean on a small data set.
Wind and hail drive the insurance quote. Southeast Wyoming sits in genuine hail country and the wind is constant. Percentage deductibles are common and roof age moves the premium — bind the actual quote before you finalize the offer.
Energy-cycle tenancy. Casper, Gillette, and Rock Springs rent rolls track commodity cycles. The deals pencil at today’s rents; the discipline is underwriting vacancy and turn costs for the down leg, not the boom.
Jackson is its own market. Teton County STR zoning is among the most restrictive in the Mountain West, and workforce-housing deed restrictions attach to more inventory every year. Confirm what the specific address may legally do before you model a nightly-rate number a long-term lease can’t match.
Winter and distance are operating costs. Long freeze seasons, remote trades, and slow contractor availability outside the hubs make deferred maintenance expensive. A sound roof and young mechanicals are worth more here than cosmetic finish.
Rates
DSCR pricing moves daily with the market. Current ranges are posted on our DSCR loan rates page.
Licensing
Wyoming is part of Defy’s 38-state DSCR lending footprint for business-purpose investment property loans. See the full list on our state licensing page.
Wyoming DSCR FAQs
What is the minimum DSCR for a Wyoming investment property?
0.75. Rent that doesn’t fully cover the payment can still close with adjusted pricing and LTV — a common path on Jackson deals where prices outrun long-term rents.
Do 2–4 unit properties qualify?
Yes, at up to 80% LTV on purchase. Cheyenne and Laramie carry most of the state’s small-multifamily stock.
Can I close in an LLC?
Yes — most Wyoming DSCR borrowers vest in an LLC, and Wyoming’s own LLC statutes are a big part of why investors domicile entities here. Business-purpose loans make entity closings standard.
Does the $75,000 minimum knock out cheap Wyoming deals?
Sometimes. At 80% LTV, an acquisition under roughly $95K produces a loan below the floor — check the loan amount on Rock Springs, Rawlins, and smaller-town deals before you offer.
Can I use a DSCR loan for a short-term rental in Jackson?
Only where the zoning genuinely allows it — Teton County’s STR permissions are narrow and address-specific. Where STR isn’t permitted, underwrite the long-term workforce rent instead.
How fast can a Wyoming DSCR loan close?
14–21 days is typical. The appraisal sets the pace — rural and resort assignments can run longer, so order it early. No income documentation means the rest moves fast.
Run your Wyoming numbers
Bring the address and the rents. If the property covers, we’ll get you to the closing table in two to three weeks — no tax returns, no DTI, no employment verification. Start with Defy’s DSCR loan program or read the complete DSCR guide. Dare to Defy.
