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There are 57 USDA backed residential loans in Chaffee county with an average loan balance of $195,856. Over 75% of the loans helped first time home buyers. Borrowers were an average age of 40 years old. The typical appraised home value was around $199,785. On average the rural home size purchased with this loan was approximately 1,394 SqFt. Alternate income limits exist to determine loan eligibility in Chaffee county. For a household of upto 4 people the income limit is $92,700. For a household of between 5 and 8 people the income limit increases to $122,350.
The size of Chaffee County is roughly 2,629 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Chaffee County is 8. Look below for the interactive county level map illustration below for more details.
Start your search for USDA loan eligible properties in the cities of Chaffee County, CO
* cities most likely to have USDA loan eligible properties for sale.
Americus • Belleview • Browns Canon • *Buena Vista • Centerville • Cleora • Futurity • *Garfield • Granite • *Johnson Village • *Maysville • Newett • *Poncha Springs • Princeton • Rockdale • *Salida • *Smeltertown • Turret • Vicksburg • Winfield
A USDA loan is a mortgage option available to eligible homebuyers that is sponsored by the United States Department of Agriculture to promote homeownership in rural communities. USDA Loans, sometimes called "RD Loans," offer 100% financing options on eligible rural properties. USDAProperties can help you find USDA properties in Chaffee County.
Chaffee County, located in the great state of Colorado, was founded in 1861 as one of the original 17 counties of the Colorado Territory. Named after Jerome B. Chaffee, a Republican U.S. Senator from 1876 to 1879, the county played a significant role in Colorado's early history. Situated in the Rocky Mountains, Chaffee County is known for its stunning landscape, which includes the Arkansas River Valley and the beautiful Collegiate Peaks.
In the mid-to-late 1800s, the area experienced a boom due to the discovery of gold, silver, and other valuable metals, leading to the development of small mining towns like St. Elmo, Romley, and Hancock. This growth was solidified with the arrival of the railroad in 1880. Agriculture also flourished, with ranching and farming being key contributors to the local economy.
Today, Chaffee County has a population of around 20,000 residents and is a popular destination for outdoor enthusiasts. Visitors can enjoy activities such as white-water rafting, fishing, skiing, and hiking. The county's largest towns include Salida, Buena Vista, and Poncha Springs.
Fun fact: Chaffee County has more peaks over 14,000 feet than any other county in Colorado, which led to the nickname "14er Capital of the World." It is home to 12 of Colorado's 53 "fourteeners," mountain peaks that surpass 14,000 feet in elevation. This makes Chaffee County a popular destination for hikers and mountaineers looking to conquer these majestic peaks.