Durango Loan Production Office

Local Lending in Durango

Dolores State Bank's Durango loan production office at 65 Mercado St., Suite 115, makes mortgage, construction, agricultural, and consumer loans in Durango and La Plata County. It handles lending only and does not offer deposit accounts. Call 970-508-4590, or reach lender Bunny Valencia at 970-882-1042.

Bunny Valencia, Vice President, leads the office. She is versed in agricultural loans, consumer loans, real estate lending, and construction loans, and she and her team work with borrowers across the Durango area. All of Dolores State Bank's decisions are made locally.

The office is part of Dolores State Bank, which has been serving Southwest Colorado since 1959 and is the largest independent bank in Montezuma County. Durango is the largest market the bank serves, and this office gives borrowers here direct access to a DSB lender.

The bank also keeps its mortgages. A home loan made through this office is owned by Dolores State Bank and never sold, so you deal with the same bank for the life of the loan. NMLS# 409186.

This office cannot open deposit accounts. Checking, savings, certificates of deposit, and IRAs are available at the full-service branches in Cortez, Dolores, and Mancos. For lending questions, call 970-508-4590 or contact us.

Lending Services Available in Durango

The Durango office offers four types of loans. Each product page has the full details.

• Mortgage loans: Purchase and refinance financing for homes in Durango and La Plata County. Dolores State Bank's mortgages are always owned by the bank and never sold.
• Construction loans: Residential and commercial construction financing for a new home, a cabin, or a new facility for your business.
• Agricultural loans: Financing for farms and ranches in Southwest Colorado, with fixed or adjustable rates, flexible terms, lines of credit, and decisions made locally.
• Personal and auto loans: Financing for vehicles and other personal borrowing.

Agricultural borrowers comparing options can also look at federal programs. The USDA Farm Service Agency in Colorado administers federal farm loans, and its Durango service center serves La Plata, Archuleta, and San Juan counties.

Mortgage, residential construction, and personal and auto loan applications can be started online from each product page. For agricultural loans, call or stop in during office hours. Call for current rates on any loan. Approval depends on your credit, collateral, and overall financial picture.

Why a Local Lender Matters in La Plata County

La Plata County homes cost far more than homes in neighboring Montezuma County, so getting the property valuation right matters. The median value of an owner-occupied home in La Plata County was $591,500 for 2020 to 2024, according to Census Bureau data, compared with about $331,400 in Montezuma County next door.

The county's property mix also varies widely. It includes in-town Durango homes, mountain properties on well and septic, working ranches, and land where water rights and access shape the value. Loans on properties like these go more smoothly with a lender who knows the area.

Agricultural borrowers in particular benefit from a bank with regional roots. Dolores State Bank has served Southwest Colorado since 1959, and decisions on its agriculture loans are made locally.

If you are comparing lenders in Durango, ask whether your loan will be sold after closing. At Dolores State Bank, mortgages and home equity lines of credit are owned by the bank and never sold.

Frequently Asked Questions