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Gunnison 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 Gunnison 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 Gunnison 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 Gunnison 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 Gunnison 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 Gunnison County is $442,037. In addition, the median household income for residents of the county is $56,577.

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.
  • In Gunnison County, there are flood hazard areas located in low elevation areas surrounding Gunnison River and Tomichi Creek.

How do I learn about Property Taxes?

  • Kristy McFarland is the Gunnison County Tax Assessor. Her office is currently located at 221 North Wisconsin Street, Suite A, Gunnison, Colorado, 81230, and can be called (970) 641-1085.
  • The state of Colorado 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 17,462 is 86% White, 9.6% Hispanic, and 2.7% American Indian.
  • Most county residents are between 18 and 65 years old, with 16% under 18 years old and 13% older than 65.
  • In total, the county has about 6,616 households, with an average of 2.4 people per household.

What are the major cities?

The County has one city, the city of Gunnison, which serves as the county seat. There are four other towns in the County, and they are Crested Butte, Marble, Mount Crested Butte, and Pitkin.

About Gunnison County

Gunnison County, Colorado was founded on March 9, 1877, and was named for a United States Army officer and captain in the Army Topographical Engineers named John W. Gunnison. Archeological studies have shown that Ute tribes have lived in the Gunnison County area since 1150 A.D. Gold was discovered in the area in 1858, which made the county a hub for miners. Gunnison County has a rich history of Western ranching.

Gunnison County has a perfect landscape for many outdoor activities. Visitors from all over the country come to Gunnison for the multitude of skiing and hiking options. “Cattlemen’s Days,” the oldest rodeo celebration in Colorado, is held in Gunnison County. “Cattlemen’s Days” is held every year and features bull riding and barrel racing.

Gunnison County is home to the Paonia State Park. This park is located in a canyon that surrounds the Paonia Reservoir. It is over 1,857 acres and offers many park facilities, including campsites, picnic sites, and a boat ramp. Mule deer, elk, and cottontail rabbit are just a few of the species of wildlife that live in Paonia State Park.

Mt. Crested Butte is a great place in Gunnison County for a number of outdoor activities. The mountain is the location of a large ski resort that features excellent lodging, event venues, dining and shopping options, and much more. Mt. Crested Butte is also the location of Adventure Park, where visitors can zip line over the area.

Veteran Information

The county is currently home to 793 veterans.

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

Name (ID): CEDAR TERRACE (000634)

Status: Accepted Without Conditions
Request Received Date: 11/09/2015
Review Completion Date: 11/09/2015
Name (ID): ESCALANTE CONDOS (003052)
Address: 86 ESCALANTE

Status: Accepted Without Conditions
Request Received Date: 03/07/2017
Review Completion Date: 03/15/2017
Address: 25 EMMONS RD.

Status: Accepted Without Conditions
Request Received Date: 05/22/2018
Review Completion Date: 06/05/2018
Address: CONDOS

Status: Accepted Without Conditions
Request Received Date: 05/09/2016
Review Completion Date: 05/09/2016
Name (ID): HIGH VALLEY (003008)
Address: CONDOS

Status: Accepted Without Conditions
Request Received Date: 03/22/2016
Review Completion Date: 04/19/2016
Address: 148 ELCHO AVENUE

Status: Accepted Without Conditions
Request Received Date: 07/28/2015
Review Completion Date: 07/30/2015

Status: Accepted Without Conditions
Request Received Date: 12/03/2012
Review Completion Date: 12/26/2012

Status: Accepted Without Conditions
Request Received Date: 09/15/2020
Review Completion Date: 10/04/2020