Bank Statement Loans in Wyoming

Why Bank Statement Loans Matter in Wyoming’s Market

Wyoming home prices sit modestly below the national average, and the state’s lack of an income tax keeps overall costs low. For self-employed borrowers, though, that affordability can still feel out of reach, because conventional loans are built around W-2 employees and penalize business owners and contractors who write off expenses on their tax returns.

Here’s why bank statement loans make sense for self-employed borrowers in Wyoming:

• Wyoming’s tax climate draws business owners in. The state charges no tax on corporate income, personal income, franchises, inventory, business occupations, or value-added transactions, making Wyoming one of the most attractive states in the country for entrepreneurs and small business owners to set up shop. That steady influx continues to expand the state’s pool of self-employed borrowers, who stand to benefit from a bank statement loan in Wyoming. 
• Wyoming has a deep self-employed and small-business base. The state is home to more than 81,900 small businesses, which represent 98.9% of all businesses in Wyoming. Self-employed workers and contractors make up an unusually large share of the workforce, especially across energy and mining, agriculture and ranching, construction, tourism and outdoor recreation, and the trades.
• Write-offs make qualifying harder than it should be. The same deductions that keep a rancher, energy contractor, or small business owner healthy at tax time shrink the taxable income a conventional underwriter sees. IRS data shows that, nationally, sole proprietors report net income at roughly 20-23% of business receipts on average — well below the 50% of deposits Griffin Funding counts toward qualifying income by default. A profitable outfitter or shop owner can look underqualified on paper even when the deposits hitting their account each month tell a different story. A bank statement loan looks at real deposits instead of an adjusted tax figure.
• Affordable prices keep loan amounts accessible. With the average Wyoming home value around $371,110, well below the national figure, borrowers can stay competitive when bidding on homes without taking on outsized loan amounts. Combined with no state income tax and low property taxes, lower purchase prices can mean more manageable carrying costs.

Sources: Zillow home value data (June 2026); U.S. Small Business Administration Office of Advocacy, Wyoming 2025 State Profile; IRS Statistics of Income (Nonfarm Sole Proprietorships, 2008-2015; SOI Bulletin, Spring 2025).

How Wyoming Bank Statement Loans Work

Wyoming business owners and contractors who write off expenses often show a taxable income far below what they actually earn. This tends to leave them underqualified on paper for conventional loans, even when their cash flow tells a different story.

Bank statement loans qualify you based on cash flow shown in bank statements, rather than traditional tax-return income.

Griffin Funding reviews 12 to 24 months of bank statements and calculates income from actual deposit history. The percentage of deposits that count toward your income depends on whether you use personal or business bank statements. Personal statements count 100% of deposits; business statements typically apply a 50% expense factor, which can go as low as 10% depending on your business type.

To qualify for a bank statement loan, you’ll need:

• Credit score: 620 minimum
• Self-employment history: 2 years minimum (or 1 year if you’ve stayed in the same industry)
• Down payment: 10% with a 680+ credit score; 20% minimum with a 620-679 score
• Bank statements: 12 or 24 months of personal or business statements showing consistent deposits
• Property types: Single-family homes, multi-family homes, townhomes, condos, manufactured homes, and rural properties are all eligible
• LLC ownership: Properties can be held in an LLC

Prior bankruptcy requires a two-year waiting period before applying.

View Bank Statement Loan Requirements

Today’s Bank Statement Mortgage Loan Rates in Wyoming

As a national direct-to-consumer lender, Griffin Funding cuts out the broker markup and keeps non-QM (non-qualified mortgage) rates competitive. Your specific rate depends on your credit score, down payment, loan amount, and buydown points.

Wyoming Housing Markets for Self-Employed Buyers

From the largest business and government hubs to affordable cities with practical local economies and mountain towns built on scenery and tourism, Wyoming has real options for self-employed buyers at every price point. Here’s where borrowers are buying across the state.

Major Metros

• Casper: As Wyoming’s largest inland business hub, Casper sits at the center of the state’s energy economy, where oilfield service and mining companies have centralized operations alongside a growing healthcare and retail base. This gives self-employed contractors, consultants, and service providers a broad client base in central Wyoming. Steady drilling activity keeps demand flowing for independent trades and services. Casper remains one of the more accessible entry points among Wyoming’s major markets.
• Cheyenne: The state capital and Wyoming’s strongest government and economic base, Cheyenne pairs stable public-sector and military employment at F.E. Warren Air Force Base with logistics and a growing data-center and tech presence. That steady institutional demand supports a wide range of self-employed work, from contractors serving base personnel to consultants tied to the state’s expanding tech sector, at a price point still well below Wyoming’s resort markets.
• Laramie: Home to the University of Wyoming, Laramie runs on a university-driven economy that supports nearly 14,700 jobs statewide and keeps demand steady year-round for education, research, and the services a college town depends on. For self-employed buyers, that means a client base largely insulated from the swings of Wyoming’s energy sector, at a price point between Cheyenne and the state’s smaller markets.

Affordable Markets

• Riverton: A practical central-Wyoming hub serving the Wind River region, Riverton’s economy spans healthcare, agriculture, and energy, anchored by an ongoing regional development push aimed at diversifying the local job base. For self-employed buyers, that mix of stable healthcare employment and agricultural demand keeps pricing consistently among the most affordable in the state.
• Evanston: Near the Utah border, Evanston built its economy on the Union Pacific Railroad before an oil and gas drilling boom carried it through the late 20th century, and it still regularly ranks as one of Wyoming’s most affordable cities relative to income. Rail, energy, and healthcare employment give self-employed buyers steady local demand at some of the lowest price points in southwest Wyoming.
• Gillette: Known as the Energy Capital of the Nation, Gillette anchors the Powder River Basin’s coal industry alongside a growing push into oil, gas, and diversified manufacturing, giving self-employed contractors and service providers steady demand tied to the energy sector. Home prices track closely with Casper and Riverton, keeping Gillette one of the more approachable entry points among Wyoming’s larger towns.
• Rock Springs: Twinned with nearby Green River around the world’s largest trona deposit, Rock Springs runs on soda-ash mining and the steady industrial employment that comes with it, giving self-employed contractors and service providers reliable local demand. That mining-driven stability keeps Rock Springs among the most affordable markets in the state, even as global demand for the mineral stays strong.

Lifestyle Markets

• Sheridan: At the foot of the Bighorn Mountains, pairs a walkable historic downtown and an active arts scene with a tourism economy built on dude ranches, hunting, and fishing that draws remote workers and location-flexible self-employed buyers who want scenery without giving up small-city amenities. Healthcare, education, and a growing base of light manufacturing round out the local economy, keeping Sheridan’s quality-of-life appeal from tipping into resort-town pricing.
• Jackson: Wyoming’s premier resort market and the gateway to Grand Teton and Yellowstone, Jackson draws millions of visitors a year. In fiscal year 2025, tourism in Teton generated $1.74 billion in visitor spending, which translated into $526 million in local earnings. This gives self-employed buyers in hospitality, guiding, and the trades a deep, recession-resistant customer base. It’s by far the highest-priced market in Wyoming, so run your numbers carefully before counting on the lifestyle payoff.

Free Tools for Self-Employed Borrowers in Wyoming

Run the numbers before you commit. These free tools give you an instant read on your buying power and the Wyoming market.

• Bank Statement Loan Calculator: Quickly estimate how much home you could afford with a Wyoming bank statement loan. 
• Bank Statement Loan Refinance Calculator: See how much you could potentially save using a bank statement refinance loan in Wyoming. 
• Home Affordability Calculator: Get a better idea of how much home you may be able to afford based on your financial profile and mortgage details. 
• Housing Market Insights: Explore estimated values, transaction history, and appreciation trends for properties across the state of Wyoming. 

Apply for a Bank Statement Home Loan in Wyoming

Self-employed borrowers with non-traditional income still have options to purchase property in Wyoming. With a bank statement home loan, you can qualify for up to $4.5 million in financing, no tax returns or pay stubs required. Down payments start at 10% for qualified borrowers.

Griffin Funding has helped self-employed borrowers, small business owners, freelancers, tradespeople, and independent contractors qualify for bank statement mortgage loans across Wyoming. We lend throughout the entire state, from Casper, Cheyenne, and Laramie to Jackson, Sheridan, and Cody, and the affordable communities of Riverton, Green River, and Evanston.

Reach out today to learn more about how to qualify for a mortgage in Wyoming if you’re self-employed. If you’re ready to get pre-approved and lock in your rate, get started online.

• Sarah Howell, Griffin Funding Wyoming Loan Officer | NMLS# 1333968
• Joshua Miller, Griffin Funding Wyoming Loan Officer | NMLS# 1640013
• Malik Abiola, Griffin Funding Wyoming Loan Officer | NMLS# 1877867
• Joe Yaeger, Griffin Funding Wyoming Loan Officer | NMLS# 209681