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Cheyenne County, Colorado VA Home Loan 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 Cheyenne county. For a more detailed overview of the VA home loan process, check out our complete guide on how to apply for a VA home 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 Cheyenne 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 Cheyenne 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 Cheyenne 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: $750.
  • Individual Condo: $775.
  • Manufactured Homes: $800.
  • 2-4 Unit Multi-Family: $950.
  • Appraisal Turnaround Times: 7 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 no digital information in Cheyenne County about flood hazards in the FEMA Flood Map Service Center. Only minimal flooding is possible in the County, with Smoky Hill River.

How do I learn about Property Taxes?

  • Lacey Welsh is the Cheyenne County tax assessor. Her office is located at 51 South 1st Cheyenne Wells, Colorado 80810; her office phone is (719) 767-5664.
  • 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 1,831 is 83% White, 11% Hispanic, and 2.3% Asian.
  • Most county residents are between 18 and 65 years old, with 25% under 18 years old and 21% older than 65.
  • In total, the county has about 774 households, with an average of 2.5 people per household.

What are the major cities?

The County has two towns, including Kit Carson and Cheyenne Wells, serving as the county seat.

About Cheyenne County

Cheyenne County, Colorado is named after its first inhabitants, the Cheyenne Indians. The county was created by the Colorado State Legislature on March 25, 1889. The county has a land area of 1,782 square miles. Cheyenne is one of the least-populated counties in Colorado.

Cheyenne County is the home to many historic trails. The Old Military Trail in Cheyenne connects Fort Wallace in Kansas to Fort Lyon, which is located on the Arkansas River in Colorado. The Smoky Hill Trail was used by pioneers searching for gold in Denver. This trail was also used as hunting grounds for the Cheyenne Indians.

There are a number of historical sites located in Cheyenne County. These sites include the Cheyenne County Courthouse, built in 1908, and the Old Cheyenne Jail, built in 1894. The Wild Horse School, which was built in 1912, also still stands in Cheyenne County.

Furthermore, the County remains small, with most people having jobs in agriculture, educational services, and health care, leading to most residents holding positions in the management, office administration, and transportation. The County is also home to Ladder Creek Helium Plant, one of only fourteen Helium plants worldwide.

Veteran Information

The county is currently home to 106 veterans.

  • Perry County is home to two VFW post:
    • Post 9700 William A. Kimmel Post – 150 E 2nd St, Cheyenne Wells, CO 80810.
    • Post 3411 Kit Carson Post – 301 Main Street, Kit Carson, CO 80825.
  • County Veteran Assistance Information
    • Cheyenne County Veteran Service Office – Cheyenne Wells, CO 80810.

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 available in Cheyenne County. However, it is possible to get a condo through the approval process by calling (877) 432-5626.