Baca County, CO

2024 Loan Limits

This page contains the Conforming, FHA, VA, and HECM Loan Limits for each housing type in Baca County.

Return to the state page to see county affordability charts for Colorado. Click a county on the map to visit a different county.

Loan Limit Tables Baca County, CO

Loan Limits are the maximum amount of money allowed to be lent for a particular kind of loan. Different types of loans have different limits. Below are the 2024 loan limits for Baca County, CO.

Conforming Loan Limits

Conforming loans must meet the guidelines set by Fannie Mae and Freddie Mac. If a mortgage exceeds the conforming loan limits then it is considered a jumbo loan.

home size icon 1 Single-Family
home size icon 2 Duplex
home size icon 3 Triplex
home size icon 4 Quadplex

FHA Loan Limits

FHA Loans are home mortgages insured by the Federal Housing Administration. FHA Loans let you get a home loan with a lower down-payment and relaxed credit score requirements.

home size icon 1 Single-Family
home size icon 2 Duplex
home size icon 3 Triplex
home size icon 4 Quadplex

VA Loan Limits

If you qualify, veterans loans allow you to buy a house with zero money down.

All Home Sizes

HECM Loan Limits

Home Equity Conversion Mortgages (HECM) allow seniors to convert home equity into cash for unexpected expenses.

All Home Sizes

Loan Limit Breakdown

Median Home Price

The Federal Housing Finance Agency (FHFA) conducts an annual survey to determine the median home prices in each county or metro area in the US. Median home price is then used to determine the loan limits in Baca County.

The last survey of home prices in Baca County was conducted in 2023 and found the median home price was $80,000.

Loan Limits Summary

Based on the median home price, Baca County was determined to be a "low-cost" area. Accordingly, 2024 loan limits in Baca County are set equal to the national baseline limit.

The 2024 conforming loan limit for a single-family home in Baca County, CO is $766,550. The FHA loan limit for a single-family home is $498,257.

This is an 5.3% increase over the 2023 loan limits which were set at $726,200 for a single-family conventional.

The tables above provide a complete breakdown of 2024 loan limits in Baca County, CO for FHA Loans, Conforming Loans, VA Loans, and HECM Reverse Mortgages.

What's Next?

If you are interested in purchasing a home with a conventional or FHA loan, the next step is to talk to a real estate agent and find a lender.

Not all lenders are the same. Some will not do FHA loans while others specialize in it. Rates may vary between lenders so it is important to shop around.

Loan Limits on this page apply to the following cities in Baca County, Colorado: Springfield, Walsh, Campo, Pritchett, Two Buttes, and Vilas.

These loan limits also apply to the following ZIP codes in Baca County, Colorado: 81073, 81090, 81029, 81064, 81084, and 81087.

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Data Source

HUD Seal

FHA Loan limits are published by the HUD. Conforming loan limits are published by Federal Housing Finance Agency (FHFA).

Last updated on January 2, 2024