Sheridan’s new construction market is among the most active and distinctive in Wyoming. The city’s premium subdivisions aren’t selling production homes from a catalog — they’re selling lots with Big Horn Mountain views to buyers who have chosen Sheridan deliberately and want to build a home that reflects that choice. SaddleCrest sits adjacent to Kendrick Golf Course two miles from downtown. Fox Hollow at Jeffries Draw offers 1.49- to 5.54-acre lots with irrigation water and mountain views, 12 minutes from Main Street. Vista West Estates positions five-acre lots northwest of town with panoramic Big Horn panoramas. Morrison Ranch on Big Horn Avenue is a planned community steps from the Powder Horn Equestrian Center and Red Grade Road’s Forest Service access. And the Powder Horn Golf Community — Sheridan’s most prestigious address — has active custom construction from 44 North Construction and other premium builders producing homes with golf course frontage, pond settings, and mountain views.
The buyers breaking ground in these communities represent Sheridan’s unique profile: in-migration purchasers from California and Colorado who’ve sold a prior home and are building precisely what they want, Wyoming physicians recruited to Sheridan Memorial or the VA who prefer a new build over limited resale inventory, and long-time Sheridan residents who’ve finally found the right lot. What unites them is the core risk of traditional two-close construction financing: a build contract signed in one rate environment and a permanent mortgage closed 12 to 18 months later in another. One-Time Close locks the rate before the foundation is poured, eliminates the refinance risk entirely, and delivers permanent financing automatically at certificate of occupancy.
Ryan Lehrman, NMLS #235295, structures One-Time Close Construction loans for Sheridan County buyers across conventional, Jumbo, and physician program tiers.
One-Time Close Construction replaces the traditional two-step 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 Sheridan County
For buyers building within the Sheridan County $832,750 conforming limit. Appropriate for in-city builds in SaddleCrest, Morrison Ranch, and most new Sheridan neighborhoods. Down payments from 5%–20%.
For buyers whose total project cost — lot plus construction — exceeds the conforming limit. Powder Horn Golf Community custom builds, Vista West Estates five-acre estates, Fox Hollow upper-tier builds, and Big Horn foothills properties regularly fall into this tier. Down payment typically 20% of total project cost.
For Sheridan Memorial Hospital and VA Medical Center physicians building their Sheridan home. No PMI, student loan accommodation, employment offer letters accepted — all applied to a construction-to-permanent framework. Available in conventional and Jumbo configurations.
Sheridan’s construction corridor spans from in-city lots to five-plus-acre acreage, all anchored by Big Horn Mountain views as the defining premium feature.
Powder Horn Golf Community
The most prestigious construction address in Sheridan. Custom builds on golf course lots and mountain-view homesites, with builders including 44 North Construction, Sunrise Homes, and custom contractors producing homes from $700,000 upward.
SaddleCrest
Two miles from downtown, adjacent to Kendrick Golf Course, with Big Horn Mountain views. One of Sheridan's newest in-city subdivisions and well-positioned for buyers who want walkability and mountain access simultaneously.
Fox Hollow at Jeffries Drawt
Lots from 1.49 to 5.54 acres, 12 minutes from downtown, with SAWS water, irrigation water, natural gas, and electricity in place. The acreage range and full infrastructure make this the premier choice for buyers wanting land alongside premium finishes.
Vista West Estates
New subdivision northwest of Sheridan offering five-acre lots with panoramic Big Horn views. An ideal platform for buyers building a Wyoming lifestyle property rather than a production home.larger lots, the site of the Boulder Country Club). Custom builds on Pine Brook Hills lots represent some of the most distinctive residential construction in Colorado — mountain estates on forested parcels with Continental Divide views — and virtually all require Jumbo or Super-Jumbo construction financing given land values. Gunbarrel custom builds are more accessible, with some projects falling within the conforming range and others requiring Jumbo structures depending on scope and finish level.
Morrison Ranch
Along Big Horn Avenue near the Powder Horn Equestrian Center and Red Grade Road Forest Service access. A planned community with architectural guidelines and a business district component, positioned for buyers who want both the amenity and the setting.
One-Time Close programs in conventional, Jumbo, and physician tiers for all active Sheridan construction communities
Relocation buyer experience — out-of-state equity as down payment, income transition documentation, and Wyoming primary residence establishment all handled correctly
Rate locked before construction begins — eliminates market risk on 12–18 month Sheridan build timelines
Physician One-Time Close for SMH and VA physicians building rather than buying into limited resale inventory
Experience coordinating draw schedules with Sheridan County builders and timeline management for buyers relocating from out of state
NMLS #235295
Property: Single-family primary residence on fee-simple lot in Sheridan County; lot owned or purchased simultaneously with construction loan
Builder: General contractor licensed and insured in Wyoming; draws released at verified construction milestones
Income: Standard W-2 for conventional; remote employment, retirement, and relocation income 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 or out-of-state home sale proceeds count toward down payment
Consultation — Review lot, builder, construction budget, income type, and program tier. For relocation buyers, equity documentation and income transition review happen here.
Builder Approval — General contractor submits license and insurance. Established Sheridan County builders — 44 North Construction, Sunrise Homes, Excalibur Construction, and others — are familiar with construction loan draw requirements.
Appraisal — Subject-to-completion appraisal values the finished home from plans and specs. Sets the loan amount before construction begins.
Close — Single closing locks rate and establishes draw schedule with your builder. Interest-only payments begin.
Build and Convert— Draws released at milestones. Automatic conversion to permanent financing at certificate of occupancy.
Home sale proceeds are documented through your closing disclosure and verified in your bank account once received. For buyers building in Powder Horn or other Sheridan communities, the proceeds serve as the down payment for the construction loan — typically applied at the single close that locks your rate before construction begins. If you need to purchase your Sheridan lot before your prior home closes, we evaluate a bridge structure. If the sale proceeds arrive first, they're simply verified liquid assets. We coordinate the timing strategy in the initial consultation so the sequence is clear before you make offers or sign build contracts.
Yes. Fox Hollow lots are fee-simple, fully infrastructured parcels eligible for One-Time Close Construction financing. Lot sizes from 1.49 to 5.54 acres are available, and the SAWS water, natural gas, and electricity connections already in place simplify the infrastructure phase of the build. Whether your total project falls within the conventional limit or crosses into Jumbo depends on the lot cost and build spec — we verify that at the consultation stage so there are no surprises at pre-approval.
Most custom builds in Sheridan County run 12–18 months from groundbreaking to certificate of occupancy. Premium builds in the Powder Horn Golf Community with complex architectural specifications may run longer. Wyoming winters constrain exterior work from roughly November through March, which experienced local contractors factor into their scheduling. One-Time Close covers the full construction period within the rate lock, so build timeline doesn't create rate risk for the borrower regardless of how long the project takes.
Yes. Physicians, physician assistants, and other eligible professionals at Sheridan Memorial Hospital or the Sheridan VA Medical Center can access One-Time Close Construction loans with physician-specific terms — no PMI, student loan accommodation, and employment offer letters accepted. Federal VA employment documentation is handled correctly from the start. Both conventional and Jumbo configurations are available depending on total project cost.
Building your new home in Sheridan 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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