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Baca County, Colorado VA Home Loans Information

Table of Contents


What is the VA Loan Limit?

2021 VA Home Loan Limit: $0 down payment up to $5,000,000* (subject to lender limits) /2 open VA loans at one time $548,250 (Call 877-432-5626 for details).

How to Apply for a VA Home Loan?

This is a quick look at how to apply for a VA home loan in Baca county. For a more detailed overview of the VA home loan process, check out our complete guide on how to apply for a VA house loan. Here, we’ll go over the general steps to getting a VA home loan and point out some things to pay attention to in Baca County. If you have any questions, you can call us at VA HLC and we’ll help you get started.

  1. Get your Certificate of Eligibility (COE)
    • Give us a call at (877) 432-5626 and we’ll get your COE for you.
  2. Are you applying for a refinance loan? Check out our complete guide to VA Refinancing.
  3. Get pre-approved, to get pre-approved for a loan, you’ll need:
    • Previous two years of W2s
    • Most recent 30 days paystubs or LES (active duty)
    • Most recent 60 days bank statements
    • Landlord and HR/Payroll Department contact info
  4. Find a home
    • We can help you check whether the home is in one of the Baca County flood zones
  5. Get the necessary inspections
    • Termite inspection: required
    • Well or septic inspections needed, if applicable
  6. Get the home appraised
    • We can help you find a VA-Certified appraiser in Baca County and schedule the process
    • Construction loan note: Construction permit/appraisal info
      1. Building permit
      2. Elevation certificate
  7. Lock in your interest rates
    • Pro tip: Wait until the appraisal lock in your loan rates. If it turns out you need to make repairs, it can push your closing back. Then you can get stuck paying rate extension fees.
  8. Close the deal and get packing!
    • You’re ready to go.

What is the Median Home Price?

As of April 31, 2021, the median home value for Baca County is $94,380. In addition, the median household income for residents of the County is $35,878.

How much are the VA Appraisal Fees?

  • Single-Family: $1000.
  • Individual Condo: $1025.
  • Manufactured Homes: $1050.
  • 2-4 Unit Multi-Family: $1200.
  • Appraisal Turnaround Times: 15 days.

Do I need Flood Insurance?

  • The VA requires properties are required to have flood insurance if they are in a Special Flood Hazard Area.
  • There is currently no digital data for Flood Hazard areas for Baca County through the FEMA Flood Map Service Center.

How do I learn about Property Taxes?

  • Gayla J. Thompson is the Baca County tax assessor. Her office is located at 741 Main Street, Suite #6, Springfield, Colorado 81073.
  • Colorado State offers Coloradoans the opportunity to be eligible for the Property Tax, Rent, Heat Credit Rebate (PTC Rebate). Some basic requirements are that applicants live in Colorado for at least one year, be 65 years or older, or the surviving spouse of 58 years of age, or a disabled person. Income and expenses will guide how much is given in the rebate.

What is the Population?

  • The County’s population of 3,581 is 83% White, 11% Hispanic, and 2.8% Mixed Race.
  • Most county residents are between 18 and 65 years old, with 22% under 18 years old and 24% older than 65.
  • In total, the County has about 1,662 households, with an average of 2 people per household.

What are the major cities?

The County has six towns, including the town of Springfield, which serves as the county seat. The five other towns in the County are Campo, Pritchett, Two Buttes, Vilas, and Walsh.

About Baca County

Named in honor of Felipe Baca, a pioneer and Colorado territorial legislator, Baca County, Colorado was established in 1889. The County remained mostly empty until 1926, when the Santa Fe Railroad Station construction was finished and brought more towns and increased populations.

Today, most county residents have jobs in the management, office administrative, and farming sectors. Making the biggest employment industries are the Agriculture, Healthcare, and Educational Services industries.  

In addition to its employment industries, the County is also home to five school districts, totaling about 11 schools from kindergarten to 12th. The County has 602 students attending its schools, with an average of about 8 to 1, student-teacher ratio.

Outside of school and work, the County is also a great place to have fun, with the annual Baca County Fair and Rodeo, as well as the Baca County parade. The small-town creates and enhances community identity by strengthening communal bonds through several annual events that celebrate the local culture and history.

Furthermore, the County also has Canyon Journey Tours and Kirkwall Cattle Company. Both of these tours take people through local heritage sites, canyons, cattle drives, campfire cookouts, and much more.

Veteran Information

The County is currently home to 223 veterans.

  • Perry County is home to one VFW post:
    • Post 4001 Baca County Post – Springfield, CO 81073.
  • County Veteran Assistance Information

VA Home Loan Information

  • For more information about VA Home Loans and how to apply, click here.
  • If you meet the VA’s eligibility requirements, you will be able to enjoy some of the best government-guaranteed home loans available.  
  • VA loans can finance the construction of a property. However, the property must be owned and prepared for construction as the VA cannot ensure vacant land loans.

VA Approved Condos

Currently, there are no VA-approved condos in Baca County. However, it is possible to get a condo through the approval process by calling (877) 432-5626.