Gillette carries the “Energy Capital of the Nation” title for a reason: Campbell County and the surrounding Powder River Basin supply roughly 40% of America’s coal for electrical generation, and the income that comes with operating and maintaining that infrastructure is substantial. Campbell County’s median household income exceeds $90,000 — more than 30% above Wyoming’s statewide median — and the miners, engineers, electricians, and equipment operators who run operations at Peabody Energy’s North Antelope Rochelle mine, Core Natural Resources’ Black Thunder complex, and the dozen other active Powder River Basin operations aren’t shopping at Gillette’s median price point. They’re purchasing at the upper end of the Campbell County market: larger homes in Red Hills and Lakeland Hills, golf course lots in Tenth Hole Subdivision, and acreage properties outside city limits with panoramic plains views.
Gillette’s home values have appreciated roughly 59% over the past five years, with typical home values now approaching $428,000 and the upper tier well above that. At the same time, Campbell County carries Wyoming’s standard 2026 conforming limit of $832,750 — meaning Jumbo financing becomes relevant for upper-tier custom builds, premium in-city neighborhoods, and buyers deploying significant equity from prior markets into a Gillette purchase.
Ryan Lehrman, NMLS #235295, structures Jumbo loans for Gillette’s upper-tier buyers with specific expertise in the energy sector income profiles that Campbell County produces — shift differentials, overtime, production bonuses, and the variable W-2 patterns that mines generate across commodity cycles.
A Jumbo mortgage is any loan exceeding the FHFA conforming limit for Campbell County — $832,750 for a single-family home in 2026. Loans above that threshold fall outside Fannie Mae and Freddie Mac purchase guidelines and are originated and held or sold in the private lending market.
Key Features:
Loan amounts from $832,751 and above
Competitive rates for borrowers with strong credit profiles (typically 720+)
Down payments from 10%–20% depending on loan size and program
Full income documentation standard; asset depletion available for qualifying buyers
Available for primary residences, second homes, and investment properties
No PMI on select programs with appropriate equity position
Loan amounts from the Campbell County conforming limit through $3M+. Fixed and ARM structures for primary residences and second homes. The primary program for Red Hills, Lakeland Hills, Tenth Hole Subdivision, and upper-tier custom builds throughout Gillette and the surrounding county.
For mine workers, engineers, and contractors whose income includes significant overtime, shift differentials, production bonuses, or variable W-2 components. Each income type is documented correctly — two-year averages for variable income, proper treatment of shift pay and overtime that mine schedules produce.
For buyers with complex income structures or estate-scale transactions above $3M. Asset depletion and bank statement programs available. See the Super-Jumbo page for full details.
Red Hills
One of Gillette's most desirable established neighborhoods, known for larger lots, proximity to schools and amenities, and the kind of move-up buyer profile that energy sector wages produce. Custom and semi-custom homes in this corridor represent Gillette's mid-to-upper tier.
Lakeland Hills
An active upper-tier residential area with newer construction and buyers drawn from Gillette's professional and energy sector workforce. Homes here represent the premium suburban build product that Campbell County's income base supports.
Tenth Hole Subdivision
Golf course lots with city utilities, paved roads, and unobstructed fairway views. Shovel-ready for custom construction adjacent to the Gillette Golf Course. One of Gillette's most distinctive premium addresses for buyers who want a custom build on an established amenity.
Indian Hills
An established Gillette neighborhood with larger homes, mature landscaping, and proximity to the east side of the city. The 4-bedroom, 3,352-square-foot footprints in Indian Hills represent the upper end of Gillette's resale market.
Campbell County Acreage
Rural parcels throughout the county, accessed off I-90 and the highway corridors northeast and south of town. Custom builds on acreage are the preferred product for energy workers who want land, a shop building, and the space that Wyoming living is built around. Total project values on these parcels frequently approach or exceed the Jumbo threshold.
Energy sector income expertise — overtime, shift differentials, production bonuses, and variable W-2 income documented correctly before application, not discovered as a problem at underwriting
Jumbo programs from the Campbell County $832,750 threshold through $5M+
Knowledge of Gillette's specific neighborhoods and acreage markets where Jumbo is relevant
Wyoming no-income-tax advantage incorporated into every consultation
Direct communication — no handoffs, no referral layers
NMLS #235295
Credit: Typically 720+ for best pricing; programs available in the 680–719 range with additional conditions
Income: Two-year history standard; variable and shift-differential income averaged over two years; overtime must be documented as likely to continue
Down Payment: 10%–20% depending on loan amount and program
Reserves: Typically 6–12 months PITI in verified liquid or retirement assets post-close
Consultation — Review income structure, loan amount relative to the $832,750 threshold, and target property. Energy sector income documentation is the first and most important step for most Gillette Jumbo buyers.
Pre-Approval — Full underwriting review with income correctly documented. Premium Gillette properties and custom build contracts require committed pre-approval.
Rate Lock — Coordinate lock timing with contract and close date. Acreage custom builds require longer lock periods tied to construction timelines.
Processing and Underwriting — Full documentation review. Upper-tier and acreage appraisals in Campbell County require locally experienced appraisers.
Closing — Wyoming deed of trust structure. Coordinate with title and listing agent on timeline.
Mine workers at Powder River Basin operations often earn 20–40% of their total compensation through overtime and shift differentials. For Jumbo qualification, this income is included when it can be documented as ongoing and consistent — typically through two years of W-2 history showing the variable income pattern. If overtime has increased in recent years, we analyze how to present the two-year average most accurately. This is one of the most common Gillette income documentation scenarios we handle.
More frequently than the city's median price suggests. Campbell County's median household income above $90,000 creates a buyer population that purchases at the upper end of the local market. When that buyer is also deploying equity from a prior home in a different market — or building a custom 3,000-square-foot home on five Campbell County acres with a shop — total transaction values approach and sometimes exceed the $832,750 threshold.
Yes. Custom builds on Tenth Hole Subdivision lots are eligible for Jumbo financing when the total project cost — lot plus construction — exceeds the conforming limit. Given the premium location and custom build costs in Gillette, this is a realistic scenario for buyers targeting this development. We work with your builder to establish total project cost and identify the appropriate program tier before you break ground.
Ready to finance your upper-tier Gillette property? Schedule a confidential consultation today.
Originally from Harrisburg, Pennsylvania, I moved to Phoenix to attend Arizona State University and have proudly called Phoenix home ever since.
My journey into the mortgage industry began with a friend’s encouragement, who saw how my energy and people-first mindset could make a difference. He was right — I found my calling.
I’ve always embraced what makes me different. With ADHD as my secret weapon, I thrive in fast-paced, detail-heavy environments. I’ve built my career on clear communication, creative problem-solving, and putting clients first, always.
Outside of work, my greatest motivation is my wife and three amazing kids. I’d be honored to help guide you through your lending journey with care, clarity, and commitment.
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