1 (844) 589-9732

Colorado Home Sale Down Payment Bond

The CO Division of Housing is the entity entrusted with the regulation of manufactured housing. A $50,000 Colorado home sale down payment bond is required of those who collect down payments. The bond protects consumers and ensures contractual obligations are met. Approval is based upon good credit and issued at 2%, $1000 annually.  Please call AmeriPro Surety Bonds at 844-589-9732.

Colorado Home Sale Down Payment Bond |

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Manufactured Homes Sales – Colorado

 

 

 

Individuals and businesses who sale manufactured homes and collect the down payment are required to being registered with the Colorado Division of Housing. Additionally, such businesses are also required to maintain a separate fiduciary account. The account will hold all down payment money received toward the purchase of a manufactured home.

The Division requires you to furnish evidence of having obtained the proper surety bond.

 

 

 

The Amount of Surety Bond and Qualifying

 

 

 

The Colorado home sale down payment bond is a $50,000 surety bond required of businesses which sale manufactured homes. By statute, the bond is mandated under § 6-1-604 of the Colorado Revised Statutes.

To obtain this bond, you will complete a standard surety bond application (which can be completed over the phone with an agent), and undergo a credit inquiry.

Our agency utilizes a “soft pull” credit inquiry which will not adversely affect your credit score.

Once the application has been approved, and the bond’s first year premium paid, our agency can send you an emailed copy of the bond for your filing. The original bond with the wet signature will follow in the mail to be sent by the following business day.

 

 

 

The Premium Amount and Term

 

 

 

A $50,000 Colorado home sale down payment bond will have an estimated premium of $1000, or 2%. The home sale down payment bond, once issued, will be active for one year from the date of issuance.

 

 

 

Additional Premium Payment Options

 

 

 

While the term of this bond is one year, you have the option of prepaying this bond for 2 or 3 years. The decision is entirely yours to make. Prepayment allows you a savings over year to year renewal of your surety bond premium.

The prepayment options are as follows:

  • If your home sale down payment bond is prepaid for 2 years, the estimated premium is $1800;
  • If your bond is prepaid for 3 years, the estimated premium is $2600.

 

 

The Purpose of Your Surety Bond Requirement

 

 

 

As stated by statute, this surety bond is required of you as a financial guarantee that any money collected towards a down payment will be refunded in accordance with the terms of the contract provided to the consumer.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, and fiduciary surety bonds throughout Colorado.

Our agency also provides surety bonds nationwide.

Please call us today at:

 

 

 

844-589-9732

 

 

 

Or, you may fill out the form below and an agent will contact you…

 

 

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AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

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