The Powder River Basin has made a specific category of buyer: the mine operator, oilfield services owner, or energy executive who has spent decades in Campbell County’s extractive economy and accumulated wealth in ways that standard mortgage programs weren’t designed to reflect. A mine equipment contractor who operates three machines at Peabody’s North Antelope Rochelle operation under a services contract generates revenue that flows through an LLC, is offset by equipment depreciation and fuel costs, and produces a Schedule C net income that dramatically understates actual cash flow. A retired surface mine supervisor who drew $90,000 to $110,000 in W-2 income for 25 years and retired with a paid-off home, a pension, mineral rights, and a $1.5M investment portfolio doesn’t have W-2 income anymore — but has the financial profile of a qualified borrower at almost any price point.
These are the buyers Super-Jumbo programs exist to serve. Asset depletion converts verified portfolio and retirement assets into qualifying monthly income. Bank statement programs use 12 or 24 months of business deposits to establish income for contractors and operators whose tax returns understate earnings. Complex-income programs structure qualification around the actual financial profile rather than the taxable income that aggressive energy-sector deductions have reduced.
Ryan Lehrman, NMLS #235295, works directly with Gillette’s energy sector buyers to identify the right program structure — and to present their financial profile accurately the first time, not after it’s already been declined by a lender who didn’t understand the income type.
Super-Jumbo financing generally refers to loans above $3M, though in Gillette’s context the more operative threshold is income documentation complexity rather than loan size alone. A Gillette buyer purchasing a $1.2M estate-lot custom build using business deposit income qualifies as a Super-Jumbo borrower by program type — the bank statement program that serves them sits outside standard Jumbo underwriting regardless of loan amount.
Asset depletion, bank statement, and pledged asset programs bring buyers whose tax returns don’t tell the whole story into qualifying range by addressing the income question accurately rather than by trying to fit non-W-2 income into W-2 documentation boxes.
For retired mine workers, energy executives, and buyers whose wealth is held in investment portfolios, pension assets, mineral rights royalties, or retirement accounts rather than current W-2 employment. Verified assets are divided across a qualifying period to establish monthly income without requiring current employment.
For mine services contractors, oilfield equipment operators, and small business owners in Campbell County’s energy ecosystem whose business generates strong cash flow but whose Schedule C reflects aggressive equipment and depletion deductions. Twelve or 24 months of deposits establish income from actual operations.
For senior mine management, royalty interest holders, and buyers with multi-entity income structures. Documentation matched to the actual income profile.
For buyers building estate-scale custom homes on large Campbell County parcels. One close, rate locked before construction begins, automatic conversion at certificate of occupancy.
Gillette’s upper-tier buyers don’t advertise. The culture of the Powder River Basin is working-class in its roots even when the earnings are not — and the energy sector’s most financially successful residents often drive pickup trucks to jobs that pay six figures and accumulate wealth quietly through mineral interests, equipment equity, and decades of high-income employment in a no-income-tax state. When these buyers are ready to build the home they’ve been planning for years — on five acres south of town, or on a golf course lot in Tenth Hole Subdivision, or on a larger Campbell County parcel with a shop and a pond — they need a lender who understands where their money comes from and how to document it correctly, not one who asks for W-2s they don’t have.
Campbell County’s median household income above $90,000 — more than 30% above Wyoming’s statewide median — is a ceiling indicator, not an average. The highest earners in this market are well above that figure, and their home purchases reflect it.
Deep understanding of energy sector income complexity — equipment contractors, royalty holders, retired mine workers, and oilfield services owners documented correctly
Asset depletion, bank statement, and pledged asset programs for Campbell County's non-W-2 buyers
Construction-to-permanent Super-Jumbo for estate builds on large Gillette-area parcels
Wyoming no-income-tax context built into every consultation
Discreet, direct process — no handoffs, no internal committees
NMLS #235295
Loan Amounts: $3M+ standard; asset depletion and bank statement programs available at lower amounts for complex-income borrowers
Credit: Typically 720+ for primary programs
Income Documentation: Full doc, asset depletion, bank statement (12 or 24 months), or pledged asset — matched to actual borrower profile
Reserves: 12–24 months PITI in verified liquid or near-liquid assets typically required post-close
Profile Review — Assess income documentation type, asset structure, and target property. Energy sector income review is the critical first step — identifying the right program before application prevents the delays and declines that come from applying with the wrong documentation strategy.
Program Selection — Identify the qualification pathway: asset depletion, bank statement, full doc, or pledged asset. Structure down payment and reserves accordingly.
Pre-Approval — Complete underwriting review. Custom build contractors and premium property sellers in Campbell County expect committed pre-approval.
Rate Lock — Time the lock with transaction or construction timeline. Construction-to-permanent programs lock at closing, before the build begins.
Closing — Wyoming deed of trust. Wyoming LLCs or mineral rights entities taking title require specific documentation — common in this market.
Yes. Bank statement programs are designed specifically for this situation. Rather than relying on Schedule C net income — which reflects depreciation, fuel, and maintenance deductions — the program uses 12 or 24 months of actual business and personal bank deposits to establish income. This approach produces a qualifying income figure that accurately reflects what the business actually generates, not what the tax return reports after deductions.
Royalty income from mineral rights can qualify as effective income when it can be documented as recurring and likely to continue. Two years of tax returns showing consistent royalty receipts, combined with division orders or royalty payment statements from operators, typically establish the income. The amount used for qualification is typically the two-year average from tax returns. We identify upfront whether your royalty income meets the documentation standard before you apply.
Yes. Retired mine workers with pension income, investment portfolios, and retirement account balances can qualify through a combination of documented pension income and asset depletion programs for remaining assets. We review the full financial picture — pension, 401(k), investment accounts, mineral rights — and identify the most effective qualification structure for the total profile.
Super-Jumbo transactions benefit from early engagement. Let’s have a confidential conversation about your property and financial profile.
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.
Who we are
Our website address is: https://loansbylehrman.com/
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