Durango, Colorado is home to Fort Lewis College — named after Fort Lewis, a historic military outpost — and has a significant veteran and military-retiree population throughout La Plata County. VA loans are one of the most powerful tools available to eligible buyers in this market.
Va Loan Benefits in Durango
- 0% down payment (no down payment required with full entitlement)
- No private mortgage insurance (PMI) — saves $200–$500/month vs. conventional
- Competitive interest rates (often lower than conventional for VA-eligible borrowers)
- No prepayment penalty
- Assumable loan (rare and valuable feature in a rising-rate environment)
No Loan Limit with Full Entitlement
Veterans and active-duty members with full VA entitlement have no VA loan limit. You can purchase at any price in Durango without a down payment, subject only to your qualifying income and the lender's guidelines.
La Plata County's 2026 conforming limit is $832,750. This limit only applies to borrowers with reduced or partial VA entitlement.
Va Funding Fee (2026)
- First-time use, 0% down: 2.15% (regular military) / 2.40% (Reserves/Guard)
- First-time use, 5%+ down: 1.50%
- Subsequent use, 0% down: 3.30%
- Service-connected disability 10%+: EXEMPT from funding fee
The funding fee can be financed into the loan — no cash required at closing.
Durango-area Va Considerations
Most single-family homes, townhomes, and warrantable condos in La Plata County are VA-eligible. The one exception: Purgatory Village at Durango Mountain Resort is a condotel and ineligible for VA financing. We verify property eligibility before your offer.