A detailed magnetic mineralogy and archaeomagnetic study was carried out on recently discovered domestic hearths and burned floors at the Chak Pet archaeological settlement (Tamaulipas, Mexico). The study aimed to obtain reliable absolute chronological constraints on the early development of Huastecs during the Formative period. Oriented hand samples corresponded to four domestic hearths and one burned floor. Continuous thermomagnetic curves revealed mostly irreversible behavior, while titanomagnetites, titanomaghemites, and goethites are assumed to carry the remanent magnetization. In total, 87 specimens were subjected to stepwise demagnetization of natural remanent magnetization using an alternating field procedure. Characteristic remanent magnetization directions were obtained for 29 samples of two hearths and one burned floor. No single, technically acceptable paleointensity determination was obtained. The new archaeomagnetic age intervals for Chak Pet allow locating the origin of this settlement at the Gulf of Mexico within the Middle Formative (900–600 BCE) continuing until the Late Formative period (350–100 BCE). New archaeomagnetic ages are in accordance with the diagnostic pottery analysis. Dated archaeological elements are associated with both ceramic types and different sets of burials, providing a reliable tool to calibrate their chronological and stratigraphic positions.