Association Financial Resources Blog
Your association resource for aquiring necessary financing
Homeowners Associations (HOAs) play a crucial role in maintaining the harmony and aesthetics of residential communities. One key aspect that ensures the smooth functioning of an HOA is effective financial management. Understanding and optimizing the financial aspects...
Homeowners associations may sometimes apply for loans to fund capital improvement projects, cover emergency repairs, or refinance other loans. However, obtaining a loan involves a long and complex process that boards aren’t familiar with. What is the HOA loan process...
Homeowners associations have a choice between several different HOA loan options. Each type will have different terms, loan limits, and interest rates. Let’s compare each alternative to find your community’s best choice. HOA Loan Types Banks and creditors offer many...
Lending institutions typically have HOA loan requirements that associations must meet before gaining approval. Understanding these different requirements will give board members a head start on the application process. What are HOA Loan Requirements? Homeowners...