Casper’s construction market runs in two parallel tracks, and both benefit directly from One-Time Close financing. The first is the in-city suburban track — active builders in Brookstone Estates, Wolf Creek, Heritage Hills, and the Casper Country Club corridor producing semi-custom and custom homes for buyers who want new construction finishes and floor plans unavailable in Casper’s resale inventory. The second is the acreage track — buyers purchasing rural parcels in BB Brooks Ranch, Swingle Ranches, and throughout Natrona County to build custom homes on five to eighty acres with Casper Mountain views, access to hunting and recreation land, and the space that makes Wyoming living distinct.
Both tracks carry the same core risk in traditional two-close construction financing: you buy the lot, you sign a construction contract, and then you find out what rates are when the build is done 12 to 18 months later. In Casper, where energy-sector buyers understand commodity price risk as well as anyone in the country, that’s an unnecessary exposure. One-Time Close locks the rate before the first load of framing lumber arrives. One closing, one rate, one set of costs — and automatic conversion to permanent financing when the certificate of occupancy is issued.
Ryan Lehrman, NMLS #235295, structures One-Time Close Construction loans for Casper and Natrona County buyers across conventional, Jumbo, and physician program tiers.
One-Time Close Construction replaces the traditional two-step build financing 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, Jumbo, and physician configurations available
Available for primary residences on fee-simple lots throughout Natrona County
For Casper buyers building within the Natrona County $832,750 conforming limit — the right program for in-city builds in Brookstone Estates, Heritage Hills, and most Wolf Creek new construction. Down payments from 5%–20% depending on program.
For buyers whose total project cost — land plus construction — exceeds the conforming limit. Estate-scale acreage builds, Country Club corridor custom homes, and upper-tier Wolf Creek construction fall into this tier. Down payments typically 20% of total project cost.
For Banner Wyoming Medical Center physicians and other eligible healthcare professionals building rather than buying. No PMI, student loan accommodation, and employment offer letters accepted — all applied to a construction-to-permanent framework. Available in conventional and Jumbo configurations.
Casper’s in-city construction corridor is concentrated on the east and north sides of the city. Brookstone Estates on the east side features modern, spacious homes from builders including Skyline Construction, with proximity to parks, schools, and the Casper Country Club. Heritage Hills is an active new home community with a range of plans from established Natrona County builders. Wolf Creek on the west side is the city’s most premium new construction location, with larger lots and mountain views that command prices at and above the Jumbo threshold.
The acreage construction market spans the broader Natrona County basin. BB Brooks Ranch north of town offers 36- to 80-acre parcels with 360-degree Casper Mountain views and off-grid potential. Swingle Ranches provides 4- to 5-acre lots with the flexibility for shop buildings, livestock, and custom home combinations. The land surrounding Casper Mountain itself — south and southwest of the city — produces the most premium custom builds in the county, with buyers drawn by proximity to Hogadon Basin Ski Area and the mountain’s extensive trail network.
One-Time Close programs across conventional, Jumbo, and physician tiers for Natrona County builds
Energy sector income handled correctly from consultation through underwriting — no surprises when construction is complete and it's time to convert
Rate locked before construction begins — eliminates market risk on 12–18 month Casper build timelines
Physician One-Time Close for Banner WYMC physicians building in the county
Experience coordinating construction draw schedules and contractor approvals for Natrona County builds
NMLS #235295
Property: Single-family primary residence or second home on a fee-simple lot in Natrona County; lot must be owned or purchased simultaneously with the construction loan
Builder: General contractor must be licensed and insured; draws released at verified completion milestones
Income: Standard W-2 documentation for conventional; energy sector income types (bonus, royalty, contractor) documented per program guidelines for Jumbo; offer letter accepted for physician programs
Equity/Down Payment 5%–20% of total project cost for conventional; 20%+ for Jumbo; existing lot equity counts toward down payment requirement
Consultation — Review your lot, builder, construction budget, and income structure. Identify the right program tier and document the energy or physician income type correctly from the start.
Builder Approval — Your general contractor submits license, insurance, and credentials for lender approval. Most established Natrona County builders are familiar with construction loan draw processes.
Appraisal — A "subject to completion" appraisal values the finished property from plans and specs. Sets the loan amount before construction begins.
Close — Single closing locks your rate and establishes the draw schedule with your builder. Interest-only payments begin.
Build and Convert — Draws released at construction milestones. Automatic conversion to permanent financing at certificate of occupancy. No second closing required.
Energy sector professionals understand commodity price risk better than most — and mortgage rate risk during a construction period is structurally similar. A Casper buyer who signs a construction contract in January and closes a traditional construction loan at completion 14 months later has no idea what rate they'll get. One-Time Close eliminates that exposure entirely. Given the loan amounts typical for upper-tier Casper builds, a 75-basis-point rate movement during construction represents meaningful annual cost. Locking before breaking ground removes that variable completely.
Yes. Existing lot equity counts toward the down payment requirement. If you've already purchased land in BB Brooks Ranch, Swingle Ranches, or elsewhere in Natrona County, that equity is included in the LTV calculation and typically satisfies or reduces the cash down payment requirement for the construction loan. Confirm the lot value and equity position with us at the consultation stage.
Yes. Physicians, orthopedic surgeons, and other eligible healthcare professionals at Banner Wyoming Medical Center can access One-Time Close Construction loans with physician-specific terms — no PMI, favorable student loan treatment, and employment offer letters accepted. Given the East Campus reopening and the active orthopedic recruitment underway, we're seeing increased interest in construction financing from newly recruited surgeons who prefer to build in Brookstone Estates or Wolf Creek rather than compete for limited resale inventory at their preferred price tier.
Most custom builds in Natrona County run 12–18 months from groundbreaking to certificate of occupancy. Acreage builds with well and septic installation add time at the front end. Wyoming winters limit exterior work during the coldest months, which experienced local contractors factor into their schedules. One-Time Close covers the full construction period within the rate lock, so build timeline doesn't create rate risk for the borrower.
Building your new home in Casper 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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