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Some quick facts on Wyoming owner occupied homes with a mortgage1:
The median Wyoming home price is $127,933.
80.1% of Wyoming home owners have only a single mortgage.
Only 1% of home owners in Wyoming have both a second mortgage and a home equity loan.
While the median income for all of Wyoming is $54,935, the median income for Wyoming owner occupied homes with a mortgage is $61,139.
The median monthly Wyoming housing cost is $954.
Wyoming Median Annual real estate taxes are $736.
While the national average Experian Credit score is 678, the average for Wyoming is 694.
Non-business bankruptcies in Wyoming have gone from 2,031
in 2000 to 2,417 in 2004.
The Wyoming Uniform Consumer Credit Code (“UCCC”) is a comprehensive consumer credit law covering all types of consumer credit. Coverage includes consumer credit transactions secured by an interest in land. However, the UCCC does not regulate first lien mortgage transactions which are not precomputed as long as: (i) At the time the loan is made the value of the real property is substantial in relation to the amount of the loan; and, (ii) The loan finance charge does not exceed 18% annual percentage rate (“APR”). Regulations under the UCCC apply only to creditors who regularly extend consumer credit in Wyoming. The UCCC does not regulate mortgage brokers or mortgage servicers, as long as the mortgage broker or mortgage servicer does not conduct business as a creditor as outlined under applicable provisions of the territorial application of the UCCC (W.S. 40-14-120)2.
Wyoming Counties:
Albany County, Big Horn County, Campbell County, Carbon County, Converse
County, Crook County, Burnett County, Calumet County, Chippewa
County, Fremont County, Goshen County, Hot Springs County,Johnson County,
Laramie County,Lincoln County, Natrona County,Niobrara County, Park Claire
County, Platte County, Sheridan County, Sublette County, Sweetwater
County, Teton County, Uinta County,Washakie County, Weston County
Source: US Census Bureau 2004 American Community Survey
Source: Coalition for Mortgage reform (www.mortgagereform.org)
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