Gillette’s construction market is caught in a productive tension: demand is strong, Campbell County’s income base supports premium builds, but construction costs have constrained builder activity in recent years. Energy sector workers who’ve spent careers producing something tangible tend to build rather than buy when budget allows — and in a city where the typical home value has risen nearly 59% in five years and resale inventory in preferred neighborhoods runs thin, building custom on the right lot is frequently the only path to the specific home a buyer actually wants.
The Tenth Hole Subdivision brings something rare to Gillette: shovel-ready golf course lots with city utilities, paved roads, and unobstructed fairway views of the Gillette Golf Course — purpose-built for buyers who want to construct a premium home on a distinctive address. Beyond town, Campbell County’s acreage corridor offers five-plus-acre parcels with plains and mountain views, room for shop buildings and equipment storage, and the land ownership that defines the Wyoming lifestyle for energy workers who’ve earned the right to build it.
One-Time Close Construction financing solves the core financial risk of either track: the rate that exists when you sign a build contract may not be the rate that exists when your home is finished 12 to 18 months later. In Gillette’s energy economy, where commodity cycles have taught buyers to think carefully about locking in known costs, that exposure matters. One-Time Close locks the rate before the first foundation pour — one closing, one rate, one set of costs, automatic conversion to permanent financing at certificate of occupancy.
Ryan Lehrman, NMLS #235295, structures One-Time Close Construction loans for Gillette and Campbell County buyers across conventional and Jumbo tiers.
One-Time Close Construction replaces the traditional two-close process with a single transaction:
Phase 1 — Close Once: One loan, one set of closing costs, one rate lock before construction begins.
Phase 2 — Construction Period Funds disbursed in draws to your contractor as milestones are reached. Interest-only payments during the build.
Phase 3 — Permanent Conversion: When the certificate of occupancy is issued, the loan converts automatically to permanent financing. No second closing, no refinance, no rate reset.
Key Features:
Single close and rate lock before construction starts
Interest-only payments during the build period
Automatic conversion to permanent financing at completion
Conventional and Jumbo configurations available
Physician One-Time Close available for eligible healthcare professionals at CCH
Available for primary residences on fee-simple lots throughout Campbell County
For buyers building within the Campbell County $832,750 conforming limit. The right program for in-city builds in Red Hills, Lakeland Hills, and most Gillette neighborhoods. Down payments from 5%–20% depending on program.
For buyers whose total project cost — lot plus construction — exceeds the conforming limit. Tenth Hole Subdivision custom builds, upper-tier in-city builds, and larger Campbell County acreage properties fall into this tier when project costs push above $832,750.
For Campbell County Health physicians and other eligible healthcare professionals building rather than buying. No PMI, student loan accommodation, offer letters accepted — applied to a
construction-to-permanent framework. Available in conventional and Jumbo configurations.
Gillette’s most distinctive new construction opportunity is Tenth Hole Subdivision — golf course lots adjacent to the Gillette Golf Course, with city utilities in place, paved access, and lot shapes designed for custom builds with fairway views. These are shovel-ready parcels for buyers with a builder relationship and a design in mind. The address and setting have no equivalent in northeast Wyoming.
Beyond Tenth Hole, Red Hills and Lakeland Hills continue to attract builders serving Gillette’s premium new construction buyer. Semi-custom production builders active in Gillette produce homes in the
$478,900–$735,000 range — covering the full spectrum from entry-level new construction to upper-tier builds that approach the Jumbo threshold.
The Campbell County acreage corridor
parcels ranging from one to forty-plus acres accessed from the highway corridors north, south, and east of Gillette — serves buyers who prioritize land ownership, shop buildings, and the wide-open character that Wyoming living requires. Custom builds on these parcels, combining a primary residence with outbuildings and acreage, are the most distinctively Wyoming product the construction market produces.
One-Time Close programs in conventional, Jumbo, and physician configurations for Gillette and Campbell County builds
Energy sector income documented correctly before application — no rate lock surprises when it's time to convert at completion
Rate locked before construction begins — eliminates market risk on 12–18 month Gillette build timelines
Physician One-Time Close for Campbell County Health physicians preferring to build rather than buy into thin resale inventory
Experience coordinating draw schedules with Campbell County contractors and builder timelines
NMLS #235295
Property: Single-family primary residence or second home on a fee-simple lot in Campbell County; lot must be owned or purchased simultaneously with the construction loan
Builder: General contractor must be licensed and insured; draws released at verified construction milestones
Income: Standard W-2 for conventional; energy sector income types (overtime, shift differential, bonus, contractor) documented per program guidelines for Jumbo; offer letter accepted for physician programs
Down Payment: 5%–20% of total project cost for conventional; 20%+ for Jumbo; existing lot equity counts toward down payment requirement
Consultation — Review lot, builder, budget, and income structure. Identify program tier — conventional or Jumbo — based on total project cost. Document energy sector income correctly from the start.
Builder Approval — Your general contractor submits license and insurance for lender review. Established Campbell County builders are familiar with construction loan draw processes.
Appraisal — Subject-to-completion appraisal values the finished home from plans and specs. Sets the loan amount before ground is broken.
Close — Single closing locks rate and establishes draw schedule with your builder.
Build and Convert — Interest-only payments during construction. Draws at milestones. Automatic conversion to permanent financing at certificate of occupancy — no second closing required.
Yes. Tenth Hole Subdivision lots are fee-simple, city-utilities-connected parcels fully eligible for One-Time Close Construction financing. If you already own your lot, that equity counts toward the down payment requirement. If you're purchasing the lot and building simultaneously, we structure the acquisition and construction as a single closing. Whether the total project cost falls within the conventional limit or exceeds it into Jumbo territory depends on your build spec — we identify which tier applies at the consultation stage.
Overtime income is included when it can be documented as consistent and ongoing — typically through two years of W-2 history showing the income pattern. Mine workers at Powder River Basin operations often have highly consistent overtime schedules tied to production demands. If your overtime history is stable, it strengthens your qualification and may allow you to build a larger home than base salary alone would support. This is one of the most common income scenarios we handle for Gillette construction borrowers.
Existing land equity counts toward the down payment requirement and is factored into the LTV calculation. If you purchased acreage in Campbell County and are now ready to build, we incorporate the lot's appraised value into the construction loan structure. This is a common scenario for energy sector buyers who purchased land during a higher-income year and are now ready to build their primary residence on it.
Most custom and semi-custom builds in Campbell County run 12–18 months from groundbreaking to certificate of occupancy. Acreage builds that require well drilling or septic system installation add time at the front end. Wyoming winters affect exterior work phases during the coldest months. One-Time Close covers the full construction period within the rate lock structure, so build timeline doesn't create rate risk for the borrower.
Building your new home in Gillette starts here. Let’s talk through your builder, your site, and your timeline.
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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