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FHA Loans in Pagosa Springs, Colorado 2026
Pagosa Springs is a resort-influenced market where prices have run well above Colorado's rural average. The median sits around $550,000–$650,000 for in-town single-family homes, which pushes FHA's $524,225 limit to the edge of usefulness for SFR buyers. But FHA still has a clear role in Pagosa: condos, townhomes, rural Archuleta County properties, and buyers who need FHA's flexible credit standards.
Archuleta County Limits
Archuleta County FHA limit: $524,225. Conforming limit: $806,500. FHA covers purchases up to about $543,000 at 3.5% down.
Where FHA Fits in Pagosa Springs
Condos and townhomes in the $350,000–$500,000 range work if the project is HUD-approved. Rural Archuleta County properties at $320,000–$475,000 are FHA-eligible and often USDA-eligible too. First-time buyers with limited savings benefit from 3.5% down plus CHFA assistance. Credit rebuilders with 580–679 scores get manual underwriting pathways most conventional lenders won't offer.
FHA Payment Example
Purchase $449,000 with 3.5% down ($15,715). Loan $433,285 + 1.75% UFMIP = $440,866. Rate 6.875%. P&I ~$2,896/mo. MIP ~$202/mo. Property tax ~$168/mo. Insurance ~$155/mo. Total PITI ~$3,421/mo.
Condo Considerations
FHA condo approval status is project-specific. Common disqualifiers: high investor-owned percentage, pending HOA litigation, HOA delinquency above 15%, or condotel arrangements. If your target condo isn't FHA-approved, conventional may work or we can pursue spot approval.
FHA is one tool among several for Pagosa Springs buyers. Let's find the program that fits. 970-708-9624 | tj@taytoncapitalllc.com.
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