Mortgage Lender in Pagosa Springs, CO
Home loans for Pagosa Springs and Archuleta County
Pagosa Springs is about an hour east of Durango on Highway 160, and it draws a mix of full-time residents, retirees and second-home buyers. I’m Peter Pritchard, owner of Animas Mountain Mortgage, a local mortgage broker licensed throughout Colorado. I help buyers in town, in the Pagosa Lakes area and on rural land across Archuleta County.
As a broker I can shop more than 200 wholesale lenders, then focus on the few that fit your loan best. Pagosa has a lot of second homes, mountain properties and HOA communities, and matching the property to the right lender is often the difference between a smooth closing and a stressful one.
- Second homes: many Pagosa buyers live out of state, and nearly everything can be done from home.
- Pagosa Lakes and HOA areas: the property owners association, its dues and its rules are part of the lender review.
- Water and sewer: homes may be on the Pagosa Area Water and Sanitation District or on a private well and septic system. Each has its own checklist.
- Short-term rentals: Archuleta County and the Town of Pagosa Springs each have vacation rental permit rules. Check them before counting on rental income.
Visit my Durango office
My office is in Durango at 1099 Main Ave, Suite 305, about an hour west of Pagosa Springs on Highway 160. Pagosa clients usually work with me by phone, email and video, and close at a title company near them and the property, or virtually with advance notice if they live out of state.
Areas I serve around Pagosa
Pagosa Springs, Pagosa Lakes, Aspen Springs, Arboles and the rest of Archuleta County. Buying elsewhere? See areas I serve in Colorado.
How a Pagosa purchase usually goes
- Tell me whether it will be a primary home, second home or rental
- I review the property owners association and the water and sewer setup early
- Pre-approval from home, wherever you live now
- Close near you and the property, or virtually with advance notice
Home loans I help Pagosa Springs buyers with
- Second home loans (see also buying a second home in the area)
- Jumbo loans for higher-priced homes and acreage (my jumbo guide explains the property rules)
- VA loans, FHA loans and USDA loans for eligible addresses
- Conventional loans for primary homes and 1-4 unit investment property
- Reverse mortgages for homeowners 62 and older
- HELOCs and second mortgages and refinancing
Looking at a cabin or land outside town? My rural mountain home guide covers wells, septic, private roads and insurance. Condo buyers can read my condo loan guide.
Frequently asked questions
Do you lend in Pagosa Springs if your office is in Durango? Yes. I am licensed throughout Colorado and work with Pagosa Springs buyers regularly. Applications, documents and e-signing happen online, and I coordinate with your local agent, title company and appraiser.
Can I buy a second home in Pagosa Springs if I live out of state? Yes. Second-home loans are common here. You will use the home yourself part of the year, and if you plan to count rental income to qualify, the loan is usually treated as an investment property instead.
Does a Pagosa Lakes HOA affect my loan? The lender reviews the HOA dues as part of your monthly debts, and the title company confirms any dues are current at closing. Condo projects get a separate project review.
Can you finance homes with a well and septic in Archuleta County? Yes. Expect a water test and septic paperwork. Ordering them early keeps your closing on time.
How do I get started? Call or text me at 970-828-1610, try the home price range tool, or apply online. A first conversation is free and does not pull your credit.