Sister Wives stars Kody and Robyn Brown have taken out a massive loan on their new mansion. Though they were trying to sell their lavish Flagstaff home, they took it off of the market after a month. Now, they have two homes and an insanely large loan. So, how much did they borrow? Keep reading for more details.
Kody & Robyn Brown Take Out Massive Loan On New Mansion
The Sister Wives’ children have repeatedly said Kody and Robyn Brown are not great with money. They have yet to build on Coyote Pass which was their dream. Furthermore, there is just one remaining wife, down from four so the income the Brown family once had has significantly decreased. It appeared Kody and Robyn wanted to sell their Flagstaff home possibly to downsize and pay back Meri Brown and Janelle Brown. The ex-wives helped pay into their mansion plus had a stake in Coyote Pass. Now that they had exited the plural family, maybe it was time to give them what was rightfully theirs.
Additionally, former third wife, Christine Brown Woolley filed a lawsuit against Kody to get back child support for their minor daughter, Truely. Therefore, funds could be desperately needed. Yet, just one month after they listed the home for $1.6 million, they took it down and bought a $2.1 million mansion. There was an injunction as part of the suit against Kody where he could not use or move assets. So, he and Robyn got this house under a revocable trust. However, it did come at a cost and quite a large loan.
According to The Sun, the couple took out a $1.6 million loan which is the exact amount they were trying to get from their Flagstaff home. This is 20% of the purchase price and it is a thirty-year loan. Therefore, Kody and Robyn Brown must pay it back by November 1st, 2054. Lastly, this new abode is listed as their primary residence so it is unclear what will happen to the other home. At 7,784 square feet, there is a guest home, a detached RV garage, and room for seven cars.
Not The First Loan
The Sister Wives stars are no strangers to loans. They previously had taken out a $150K home equity line of credit in 2020 for their OG Flagstaff home. That went along with the 30-year mortgage they had to get and then, Kody and Robyn Brown took out another mortgage. They took out a 30-year mortgage for $548,250, per Starcasm. Along with this, another home equity line of credit was added at $130K but they proceeded to pay off their OG mortgage and close out their primary loan. So, they are used to taking out and repaying loans. Now, the duo did put down $420K for the new house but where did they get the funds? That is anybody’s guess.
