La Plata County's 2026 FHA limit of $747,500 sits $206,213 above Colorado's standard floor of $541,287, giving Bayfield buyers significantly more purchasing power than most Colorado markets. At Bayfield's median price of $485,000, FHA requires just $17,000 down — saving $80,000 versus a 20% conventional down payment. Monthly MIP runs approximately $210 at that loan size, with a one-time upfront MIP of $8,200 typically rolled into the loan.
Most Bayfield purchases fall comfortably within the $747,500 FHA ceiling. FHA is a strong fit for first-time buyers, repeat buyers with limited down payment, and borrowers with credit scores down to 580.
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. USDA 0% down may also be available for eligible Bayfield addresses (income cap $122,000 for a 1–4 person household).
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