What is the average home price in Telluride?

The average home price in Telluride is approximately $2.5 million, with properties ranging from condos starting around $500,000 to luxury mountain estates exceeding $10 million. Mountain Village properties tend to be higher due to ski-in/ski-out access.

Do you offer jumbo loans for Telluride properties?

Yes, Cedar Home Loans specializes in jumbo loans for Telluride's high-value properties. Since most Telluride homes exceed the conforming loan limit, jumbo financing is essential. We offer flexible terms and typically require 10-20% down with a 700+ credit score.

Can I finance a vacation home in Telluride?

Absolutely! We have extensive experience with second home and vacation property financing in Telluride and Mountain Village. Second home loans typically require 10-20% down and slightly higher rates than primary residences.

What credit score do I need to buy a home in Telluride?

For jumbo loans (needed for most Telluride properties), you typically need a 700-720+ credit score with 10-20% down. Most conventional lenders look for 620+, and FHA allows 580+ with 3.5% down. Higher scores generally qualify for better pricing.

How much do I need for a down payment on a Telluride home?

For a typical Telluride property priced at $2.5 million, you'd need 10-20% down ($250,000-$500,000) for a jumbo loan. Lower-priced condos may qualify for conventional financing with as little as 5% down. We can help you explore all options including potential down payment strategies.

Does Cedar Home Loans have a Telluride office?

Yes. Our Telluride office is at 220 E Colorado Ave Suite #200, Telluride, CO 81435, in downtown Telluride, and serves all of San Miguel County. Our headquarters is in Boulder. Call (303) 549-5277.

Telluride gondola above fall aspens with the town and box canyon below

Telluride · San Miguel County

Telluride Home Loans & Mortgage Services

Name: Cedar Home Loans - Telluride
Address: 220 E Colorado Ave Suite #200, Telluride, CO, 81435, US
Telephone: (303) 549-5277
Price range: $$

Home loans for buyers and owners in Telluride, from a Colorado mortgage broker with offices in Boulder, Vail and Telluride.

Get pre-approved Call usCall (303) 549-5277

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Life in Telluride

Telluride is one of the most breathtaking towns in North America. Tucked inside a dramatic box canyon at 8,750 feet, surrounded by 13,000-foot peaks and cascading waterfalls, it feels like stepping into another world. The town's Victorian-era Main Street is lined with colorful buildings housing independent shops, farm-to-table restaurants, and art galleries.

What draws buyers here

Historic Victorian architecture
World-class ski resort with no lift lines
Festival capital of Colorado
Free gondola transportation system
Abundant outdoor recreation opportunities
Pristine alpine environment

Owning property in Telluride

Telluride real estate has consistently appreciated over the past two decades, driven by extremely limited buildable land within the box canyon and strict growth controls. The town's geography — hemmed in by 14,000-foot peaks on three sides — means there will never be suburban sprawl.

County: San Miguel County
Typical home price (approx.): About $2,500,000
Loans we arrange here: Jumbo loans, Conventional loans, Second home mortgages, Construction loans, HELOC

Prices are approximate and change with the market. Loan limits vary by county; see Colorado loan limits by county.

Financing a home in Telluride: what's different

Lending details specific to San Miguel County.

Financed buyers compete with cash

A large share of Telluride and Mountain Village sales close with cash. A financed offer wins when the pre-approval is fully underwritten, the appraisal is ordered on day one and the lender has a Telluride office. Cedar Home Loans keeps a presence on East Colorado Avenue so we can meet, sign and troubleshoot in person.

Mountain Village versus the Town of Telluride

Mountain Village is a separate municipality with its own owners association, assessments and short-term rental rules, and much of its inventory is condominium or ski-in ski-out product with high HOA dues. The Town of Telluride is largely single-family and historic. The two produce different appraisal comps, different HOA reviews and, often, different lender programs.

Short-term rental rules changed the math

The Town of Telluride capped and tightened short-term rental licenses in recent years, and Mountain Village regulates them separately. If rental income is part of your plan, we confirm the license position of the specific unit before underwriting, and use a DSCR loan when the numbers depend on that income.

Deed-restricted housing in the region

Lawson Hill, Mountain Village's employee units and Telluride's affordable housing program are deed restricted. They can be financed, but not by every investor. We match the restriction type to a lender that accepts it rather than discovering the problem at closing.

Appraisals and construction timelines

Comparable sales are scarce in a box canyon with fewer than 3,000 residents, so appraisals take longer and sometimes come back with a gap. The building season at 8,750 feet is short, which matters for construction loans: we structure draw schedules around a May to October window rather than a calendar year.

Telluride neighborhoods

Mountain Village

Contemporary mountain luxury with ski-in/ski-out access.

Historic Downtown

Victorian charm with colorful buildings and rich history.

Hillside

Elevated homes with panoramic views of the box canyon.

Telluride mortgage questions

Still have questions?

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(303) 549-5277

Loan programs

Buying or refinancing in Telluride?

Get pre-approved online, or call Andrew. He has 30+ years of experience financing Colorado homes.