HFA Preferred No Mortgage Insurance This Wyoming down payment program is without mortgage insurance, interest rates are slightly higher than with the HFA Preferred with MI, but monthly payments are still lower because of no MI. Although you may not currently own a residence to be eligible for the HFA Preferred, you do not need to be a first time home buyer. As with the HFA Preferred MI, there are no purchase price limits, yet there are income limits. The 30 year loan will cap at $417,000, and Wyoming down payment assistance can be paired with this loan as well. Similarly to all other programs, 620 is the credit score minimum.