Wyoming

Russ Noel, Appraisal Supervisor
Office of State Lands and Investments
122 W Twenty-Fifth St
Herschler Building 3W
Cheyenne, Wyoming 82002-0600
Telephone: (307) 777-5583 FAX: (307) 777-6526
E-mail: rnoel@state.wy.us
Website: http://slf-web.state.wy.us/
Organization Began: 1921

Program/Project Title: State Loan and Investment Board
Program Began: 1921
Contact Person: Russ Noel
Cost/Funding: $275 million from permanent Mineral Trust Fund
Target Group: Wyoming farmers and ranchers
Description: First mortgage real estate loans with maximum loan of $800,000.00 at 8 percent or 9 percent fixed over 30 year term.  Maximum loan to value is 50 percent to 60 percent.  Beginning agricultural producer loans at reduced rates for 10 years.  Borrower must be a Wyoming resident and security must be located in Wyoming.

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