Wyoming’s oil and gas sector produces a category of buyer that standard mortgage programs weren’t designed for: the energy executive or mineral rights owner whose net worth is substantial, whose lifestyle reflects it, but whose tax returns — shaped by depletion allowances, intangible drilling cost deductions, and entity-level income routing — dramatically understate actual financial capacity. A Casper-based oil operator who runs production through an LLC, deducts equipment and drilling costs aggressively, and holds mineral rights inherited across multiple Wyoming counties may show modest taxable income despite controlling millions in assets and generating hundreds of thousands in annual cash flow. For this buyer, Super-Jumbo programs built around asset depletion, bank statement income, or pledged asset structures are not a workaround — they are the accurate representation of creditworthiness.
Casper’s Super-Jumbo market also captures buyers building estate-scale custom homes on large Natrona County parcels, buyers relocating from higher-cost markets with significant equity to deploy, and business owners in Casper’s professional services and oilfield services sectors whose income complexity mirrors that of the energy operators they serve.
Ryan Lehrman, NMLS #235295, structures Super-Jumbo transactions for Casper’s most financially complex buyers — with specific expertise in the income and asset documentation patterns the energy sector produces.
Super-Jumbo financing generally refers to loans above $3M, though the more relevant threshold in Casper’s market is the income documentation type rather than the loan size alone. Asset depletion, bank statement, and pledged asset programs serve buyers across a wide range of loan amounts — the common thread is a financial profile that full-doc W-2 underwriting can’t accurately represent.
Asset depletion divides verified investment portfolio and asset balances across a qualifying period to produce a monthly income figure — no W-2, no tax return income required. Bank statement programs use 12 or 24 months of business and personal deposits to establish income for self-employed borrowers whose Schedule C understates actual cash flow. Pledged asset programs allow brokerage or investment accounts to serve as supplemental collateral without liquidation.
For mineral rights owners, retired energy executives, and buyers whose wealth is held in investment accounts, retirement assets, or real property equity rather than ongoing employment income. Verified assets are divided across a qualifying period to establish monthly qualifying income.
For oilfield services business owners, independent operators, and professional service firm owners whose business generates strong cash flow but whose tax returns reflect aggressive deduction strategies. Twelve or 24 months of deposits establish income independently of Schedule C net income.
For buyers with deferred compensation, carried interest, production bonuses with multi-year vesting, or income distributed across multiple entities. Documentation structured around the actual earning profile.
For buyers building estate-scale custom homes on large Natrona County parcels. Rate locked before construction begins, converts automatically at certificate of occupancy. Available in asset depletion and bank statement configurations.
Casper’s most financially sophisticated buyers are concentrated in the energy sector and the professional services firms that support it — attorneys, CPAs, engineers, and consultants who’ve spent careers in Wyoming’s oil patch and built substantial net worth through mineral interests, company equity, and investment accounts. These buyers are purchasing in Wolf Creek, building on acreage south and east of the city, and in some cases building primary residences on large rural parcels that function as working land alongside their residential use.
The city’s proximity to the Powder River Basin — the most productive coal and coal-bed methane region in the United States — means Casper also attracts energy sector buyers from Gillette, Douglas, and smaller Wyoming communities who choose Casper for its airport, hospital, and professional services infrastructure while maintaining operational ties to fields they operate elsewhere in the state.
Specific expertise in oil and gas income complexity — depletion allowances, IDC deductions, royalty income, and entity-level routing handled correctly
Asset depletion, bank statement, and pledged asset programs for buyers whose tax returns understate actual wealth
Construction-to-permanent Super-Jumbo for estate-scale Natrona County builds
Wyoming no-income-tax context built into every conversation
Discreet, direct process — no handoffs, no committees
NMLS #235295
Loan Amounts: Generally $3 million and above; some portfolio programs begin at $2.5 million
Credit: Typically 720+ for primary programs
Income Documentation: Full doc, asset depletion, bank statement (12 or 24 months), or pledged asset — matched to 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, entity considerations, and target property. Energy sector income review is the critical first step.
Program Selection — Identify the qualification pathway and structure down payment and reserve strategy accordingly.
Pre-Approval — Complete underwriting review. Upper-tier Natrona County sellers and custom build contractors expect committed pre-approval.
Rate Lock — Coordinate timing with transaction or construction timeline. Construction-to-permanent programs lock rate at close, before the build begins.
Closing — Wyoming deed of trust structure. Wyoming LLCs and trusts taking title require specific documentation, common in this market.
Yes, with correct documentation. Royalty income must be established as recurring through two years of tax returns and supporting award letters or division orders from operators. If royalty income has been consistent and is likely to continue based on documented production, it qualifies as effective income for mortgage purposes. We identify which program handles royalty income most advantageously given your overall financial profile.
Yes. Bank statement programs use 12 or 24 months of actual business and personal deposits rather than Schedule C net income. This is the standard approach for oilfield services operators, independent energy producers, and professional service business owners in Casper whose deduction strategies serve their tax planning but create friction with conventional mortgage underwriting.
Yes. Asset depletion programs divide verified investment portfolios, retirement accounts, and other verifiable assets by a qualifying period to establish monthly income. This is particularly applicable for retired energy professionals, mineral rights holders with limited ongoing employment income, and buyers transitioning between employment situations.
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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