Wyoming has fared rather well during this economic down turn. Houses are still being sold and the employment rate is one of the smallest in the nation. Still, with the stock market slipping south and the news stories of horrific demographics from other states like Nevada and Michigan, a good mortgage rate can still be found in the Equality state. Sure some banks have the jitters and will be wary of new mortgage loan applicants, but if your credit is good and you have a solid work history, finding the best mortgage rate in Wyoming is easier than you think.
Even if you are a home owner with a good track record and your mortgage has been paid faithfully, you also should be on the look out for lower mortgage rates that will help your bottom line solidify a little more comfortably. Local banks are a good place to start for finding good mortgage rates in Wyoming. Wells Fargo and First Interstate Banks are all over the state and are usually able to help financing or refinancing. Have your application packet constructed and make many copies. The banks usually ask for the same information so you can send off your application to several institutions at once and then choose the best rate.
If you are a member of a credit union, then you might find the lowest rate in Wyoming right in your back yard. Many credit unions are dipping into the real estate markets and are quite eager to work with you if you have good credit and your property is a commodity for the area. Most credit unions are neighborhood friendly, so if you have a vision for your property to improve on worth, then submit that with your application and you might be surprised of the results.
If all else fails, you can apply online with organizations like Lending Tree or Mortgage Finder dot coms. Though you are applying out of the state of Wyoming, the formulas used to find your mortgage rate are still state specific. You will be surprised to get a mortgage from an out of state mega company and then see it sold to someone locally. I went through lending tree and within three months my loan was sold to Wells Fargo. This allowed me to deal with my mortgage in the local branch around the corner.
Don’t get a turn down, or three turn downs and give up. You have to flood the institutions with your application and you will find the best mortgage rate in the state of Wyoming.