Terms and Conditions for Financing Agreement

By applying for financing through Clayton Prime Homes, you agree to the following terms and conditions. Please read them carefully before submitting your application.

1. Eligibility Requirements

Financing approval is based on creditworthiness, income verification, and other factors as determined by our financing partners. Submission of the application does not guarantee approval.

2. Application Processing

You agree to provide accurate and complete information during the application process. Any false or misleading information may result in a denial of financing.

3. Down Payment and Reservation Fees

Approved financing may require a down payment, which varies based on the total purchase price and your credit profile. Reservation fees are non-refundable and must be paid at the time of application to secure the home.

4. Interest Rates and Repayment Terms

Interest rates, loan amounts, and repayment terms will be specified in the financing agreement upon approval. You are responsible for making timely payments according to the terms provided. Late payments may incur additional fees.

5. Credit Authorization

By submitting this application, you authorize us and our financing partners to perform a credit check and verify your financial information as needed to assess eligibility.

6. Cancellation Policy

If you decide to cancel your purchase after financing has been approved, any fees already paid (such as down payments or reservation fees) may be subject to the refund policy outlined on our website. Please review this policy before finalizing any decisions.

7. Default and Repossession

Failure to make timely payments as agreed may result in loan default, which could lead to repossession of the home. Any repossession actions will be taken in accordance with applicable laws and may result in additional fees.

8. Legal Compliance

By applying, you confirm that you are at least 18 years of age and meet the legal requirements to enter into a financing agreement in your state of residence.

9. Privacy and Data Use

Personal information provided during the financing application will be used solely for processing your application and will be protected in accordance with our Privacy Policy.

10. Modification of Terms

Clayton Prime Homes reserves the right to update or modify these terms and conditions at any time. Any changes will be communicated to applicants and will apply to new financing applications from the date of change.

Acceptance of Terms

By submitting this application, you acknowledge that you have read, understood, and agree to the terms and conditions outlined above. For questions, please contact us at laytonprimehomes@gmail.com or call 803-720-5717.