Colorado Mobile Home Sale Down Payment Bond Guide
If you’re registering to become a mobile or manufactured home dealer in Colorado, you’ll likely need this surety bond. Learn all about how the bonding process works in this guide.
Bond Overview
- Purpose: To protect manufactured home buyers from non-compliant dealers
- Who Needs It: Manufactured and mobile home retailers in Colorado
- Regulating Body: The Colorado Division of Housing
- Required Coverage: $50,000
- Premium Rate: $1,000–$5,000, credit-based
What Is a Colorado Mobile Home Dealer Down Payment Bond?
Per Colorado Revised Statutes, any business selling new or used manufactured housing in Colorado must register with the Manufactured Housing Seller Registration Program. This includes mobile, HUD-manufactured and modular housing units.
To register, sellers are required to file a Colorado home sale down payment bond to protect consumers. If you violate contract terms or state regulations, home buyers can get a refund on their down payment by filing a surety bond claim.
How Much Do Manufactured Home Sale Down Payment Bonds Cost?
$50,000 Colorado home sale down payment bond premiums start at 2%, or $1,000 for applicants with strong personal credit.
Rates vary based on financial qualifications. Apply for your free quote now.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Colorado Mobile Home Sale Down Payment Bond Work?
A Colorado home sale down payment bond creates a legally-binding contract between three parties:
- Principal: The housing seller filing the bond
- Obligee: The Colorado Division of Housing requiring the bond
- Surety: The provider issuing the bond
As the principal, you are financially responsible for upholding Colorado state code relating to the sale of manufactured and mobile housing units.
How Do I Get a Mobile Home Dealer Bond in Colorado?
To get your bond, just submit an application using the form above. A licensed surety expert will contact you — typically same-day — to provide your free quote and guide you through the process.
Can I Get Bonded With Bad Credit?
At SuretyBonds.com, we work with a variety of markets to provide bonds for applicants with low credit.
If your credit is poor, you may still be approved if you can provide financials. Learn more about our Bad Credit Bonding Program here.
