Construction Loans

Let's make your building dreams become a reality.

From the ground up, our lending and construction teams help you navigate successfully through the building process.

Our goal is to establish a platform of open communication and mutual cooperation for all parties involved, including borrower, contractor, your First Bank of Wyoming lender, and the construction team.

There is no one better to trust with your construction project, no matter how big or small, than First Bank of Wyoming.

pre-construction meeting

Upon loan approval, we'll meet with you to discuss the following:

Approval of budget, plans, and materials
Determination of Cost Plus or Fixed Bid Contract
Determination of payment method
Discussion of Lien Waiver requirements
Discussion of year end 1099 tax reporting
Use of Built - the online construction platform we offer for quick and efficient payment processing and at-a-glance project monitoring
Information on monthly inspections of project progression

Online Construction Platform

First Bank of Wyoming is proud to partner with Built, an innovative technology platform focused on simplifying the construction finance process. Built’s collaborative, cloud-based platform offers a unique online lending experience to help ensure your project is completed on time and on budget. By streamlining the process of communicating and exchanging information, Built allows draws to be requested, tracked, and approved online.

Learn more about Built

contact information

Your main point of contact will be your Mortgage Loan Originator. Click here for a directory.

In addition, you may reach out to our Construction Department:

FIRST BANK OF WYOMING CONSTRUCTION DEPARTMENT

245 E. First Street | P.O. Box 907

Powell, WY 82435

Direct Line: (307) 783-6503