San Miguel County's 2026 FHA limit of $1,045,350 sits $504,063 above Colorado's standard floor of $541,287, giving Telluride buyers significantly more purchasing power than most Colorado markets. At Telluride's median price of $2,400,000, FHA requires just $84,000 down — saving $396,000 versus a 20% conventional down payment. Monthly MIP runs approximately $1,060 at that loan size, with a one-time upfront MIP of $40,500 typically rolled into the loan.
Important: some Telluride 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 San Miguel 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