Sheridan’s upper-tier market is defined by land, views, and the deliberate choice of buyers who could live anywhere and have chosen the Big Horn foothills over coastal cities and suburban Colorado. The estate-scale properties in Sheridan County — legacy ranch parcels along the Little Goose Creek and Tongue River corridors, Big Horn foothills estates with Forest Service adjacency on Red Grade Road, and equestrian properties in the Big Horn and Story communities south of town — represent Wyoming’s most authentic luxury proposition: significant acreage, working land character, genuine mountain access, and the privacy that urban markets cannot replicate at any price.
The buyers for these properties are frequently high-net-worth individuals whose income structure doesn’t fit standard underwriting templates. A retired tech executive from the Bay Area who sold a company, holds a diversified investment portfolio, and is building a 6,000-square-foot primary residence on 40 acres south of Sheridan doesn’t have W-2 income — but has the financial capacity of a qualified Super-Jumbo borrower. A cattle rancher who has owned Sheridan County land for two generations and is refinancing to fund an estate build holds mineral rights, livestock equity, and land values that dwarf his taxable income. An entrepreneur who sold a regional business and is relocating to Wyoming specifically to establish residency before a planned secondary liquidity event needs a program that accommodates a transitional income profile.
Asset depletion, bank statement, and pledged asset programs exist for exactly these buyers. Ryan Lehrman, NMLS #235295, structures Super-Jumbo transactions for Sheridan’s most complex buyers — with the understanding that their financial sophistication often exceeds the documentation frameworks that standard programs are built around.
Super-Jumbo financing generally refers to loans above $3M, though in Sheridan’s context the operative distinction is income documentation type rather than loan size alone. Asset depletion programs convert verified portfolio and retirement asset balances into qualifying monthly income — no current employment required. Bank statement programs establish income from 12 or 24 months of business and personal deposits for self-employed buyers. Pledged asset structures allow brokerage accounts to serve as supplemental collateral without requiring liquidation.
For retired executives, business sale recipients, and buyers whose wealth is held in investment portfolios, real estate equity, or retirement accounts rather than current earned income. Verified assets divided across a qualifying period produce a monthly income figure that accurately reflects financial capacity.
For self-employed buyers, business owners, and entrepreneurs whose actual cash flow significantly exceeds taxable net income. Twelve or 24 months of business and personal deposits establish income from operations rather than from a Schedule C shaped by deductions.
For buyers in income transition — recently retired, recently sold a business, or relocating between employment situations. Documentation structured around the actual financial profile and Wyoming residency establishment timeline.
For buyers building estate-scale custom homes on Big Horn foothills properties, large Sheridan County ranch parcels, or upper-tier acreage in Fox Hollow, Vista West Estates, or private agricultural land. One close, rate locked before construction begins.
Sheridan County’s upper-tier properties are concentrated in three distinct corridors. The Big Horn and Story communities — 15 to 20 miles south of downtown on the road toward the Big Horn Mountains — produce the most estate-scale transactions in the county: horse properties, working ranches, and Big Horn Mountain base-area estates from $1.5M into the multi-million range, with Forest Service access beginning at property boundaries. The Little Goose Creek corridor west of town runs along one of Wyoming’s premier blue-ribbon trout streams and hosts legacy ranch properties rarely sold and highly sought when they come available. And the immediate Sheridan foothills — the Red Grade Road corridor and land abutting the Powder Horn Equestrian Center — offer equestrian estates and large-acreage custom builds within minutes of downtown amenities.
These properties attract a buyer who has deliberately chosen Sheridan over Jackson, Bozeman, or Santa Fe — drawn by the combination of authentic working-land character, proximity to world-class hunting and fishing, Big Horn Mountain skiing at Antelope Butte, and a community that still functions as a real town rather than a resort economy.
Asset depletion, bank statement, and pledged asset programs for Sheridan's high-net-worth relocators and complex-income buyers
Specific experience with income-transition buyers establishing Wyoming residency
Construction-to-permanent Super-Jumbo for estate builds on large Sheridan County parcels
Wyoming no-income-tax advantage quantified in every consultation
Discreet, direct process — no referral layers, no 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 post-close
Profile Review — Assess income documentation type, asset structure, Wyoming residency timeline, and target property. For buyers in income transition, this step determines which program produces the most accurate and favorable qualification.
Program Selection — Identify the qualification pathway and down payment and reserve strategy. Large down payments from portfolio assets or prior home equity are common in this market.
Pre-Approval — Complete underwriting review. Estate and ranch sellers in Sheridan County expect full pre-approval — not pre-qualification — before considering offers.
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. Entities taking title — LLCs or trusts used by high-net-worth buyers for asset protection — require specific documentation handled upfront.
Yes. Asset depletion programs are designed for exactly this transition. Verified proceeds from a business sale, held in verifiable investment or bank accounts, are divided across a qualifying period to produce monthly income. If you're also establishing Wyoming residency specifically in connection with the relocation, we document that clearly in the loan file. The timing of the business sale relative to the purchase affects which program and documentation approach is most effective — this is the first thing we assess in a consultation.
Yes. Construction-to-permanent Super-Jumbo programs are available for estate-scale builds on acreage throughout Sheridan County — Big Horn foothills properties, Little Goose Creek corridor parcels, and large-acreage lots in emerging subdivisions like Fox Hollow and Vista West Estates. The lot's appraised value counts toward the equity requirement, and the rate is locked at closing before construction begins, eliminating market risk across the build period.
Establishing primary residence in Wyoming is documented through the loan file — purchase intent, occupancy certification, and physical relocation timeline. For buyers whose income transition (business sale, retirement, departure from prior employment) coincides with the Wyoming move, we structure the file to reflect both the Wyoming primary residence and the income documentation approach simultaneously. This is a common scenario for Sheridan's upper-tier buyers and one we've structured many times.
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.
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