The Sister Wives stars applied for and received a $130,000 loan for their Arizona home for the second time, amid ongoing financial difficulties. The Arizona home was purchased in 2019 for $890,000 and now, according to The Sun, they have had to take out a mortgage for the second time. The home equity line of credit agreement, dated Nov. 30, details that 52-year-old Kody and 43-year-old Robyn have taken out a second loan of $130,000 from Alaska USA Federal Credit Union.
Sister Wives: Kody Brown Remain In Financial Trouble
Sister Wives couples seem to be in financial difficulty more often than not. They first applied for a $150,000 loan for their home in March 2020, a little less than a year after buying it. Now, a year after that, they’re getting another.
This time, the loan was listed in court documents as an “urgent home loan” and they had to agree to start repayments by December 5, 2021, a month after they received it. Kody noted in the court papers that “time was of the essence”, so this is likely to leave fans curious as to the reason for such urgency.
The couple now owe $548,250 to Moria Development, DBA Peoples Mortgage. Their first loan is due in 2050, according to court documents. The 5-bed, 4-bath, 4,395-square-foot, 4,395-square-meter home in Flagstaff, Arizona, was initially purchased with a down payment of $225,000.
Kody Brown, who has 18 children with three wives – Meri Brown, Janelle Brown, Robyn Brown, and one ex-wife, Christine, Brown – has been in perpetual hardship and financial difficulty for years. According to The Sun, the polygamous reality star highlights his financial woes with the family’s Coyote Pass land and the fact that they have not been able to build on it since they bought it in 2018.