CASPER, Wyo. — A recently reintroduced mortgage program is making it easier for Wyoming residents to purchase a home with significantly less money out of pocket. The 1% Down Conventional Loan Program allows qualified buyers to contribute just 1% toward their down payment, while the lender provides an additional 2% grant, up to $7,000, to meet the standard 3% requirement for conventional financing.

Unlike most down payment assistance options, the 2% contribution is structured as a true, non-repayable grant. Borrowers do not take on a second lien or deferred loan, and there is no repayment obligation—making the program one of the most accessible and flexible low-down-payment options available in today’s housing market.

The program is offered as a 30-year fixed-rate conventional loan and is available to both first-time and repeat homebuyers purchasing a primary residence.

 “In today’s market, affordability is one of the greatest barriers for potential homebuyers,” said Alexander Lexington, owner of Lexington Funding and a mortgage broker based in Casper. “This program offers a direct path to ownership for borrowers who may be short on liquid savings.”

Real estate professionals and lenders across the state have welcomed the program as a timely solution to the affordability crisis, especially as home prices continue to rise. Some note the program’s potential to serve as a compelling alternative to traditional assistance programs or FHA loans, which require higher minimum down payments and include upfront mortgage insurance premiums.

“What’s exciting about this program is that it runs as a conventional loan,” Lexington added. “Compared to typical DPA programs, it’s more flexible, no upfront mortgage insurance, and doesn’t saddle the buyer with hidden strings or extra layers of financing. It’s opening doors that felt closed for a lot of families.”

With a limited pool of funds and growing interest from buyers across the state, this program is expected to fill quickly. Those considering a home purchase are encouraged to act now.

📞 To learn more, ask questions, or see if you qualify, contact Alexander Lexington at (307) 998‑3650.

Disclosure: Alexander Lexington is a licensed mortgage broker in Wyoming. NMLS #2074181. This article is for informational purposes only and does not constitute a commitment to lend. All loans are subject to credit approval, program guidelines, and funding availability. Rates and terms are subject to change without notice. Equal Housing Lender.

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