La Plata County's 2026 FHA limit of $747,500 sits $206,213 above Colorado's standard floor of $541,287, giving Durango buyers significantly more purchasing power than most Colorado markets. At Durango's median price of $725,000, FHA requires just $25,400 down — saving $119,600 versus a 20% conventional down payment. Monthly MIP runs approximately $320 at that loan size, with a one-time upfront MIP of $12,200 typically rolled into the loan.
Important: some Durango properties — particularly condotel-designated resort units — are not FHA-eligible. FHA requires full project warrantability; condotel projects do not qualify. Confirm FHA eligibility on any condo or resort unit before making an offer.
Colorado's CHFA (Colorado Housing Finance Authority) offers down payment assistance statewide. Ask us whether the CHFA SmartStep or Preferred programs apply to your purchase.
We close FHA loans in La Plata County — typically in 21–28 days. Tell us your purchase price and we'll send you a full breakdown within hours.
Tell us a little about you and we'll reach out personally — usually within one business day.
Or call (970) 708-9624