by | Jul 3, 2024 | Process and Benefits
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...
by | Jul 3, 2024 | Process and Benefits
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...
by | Jul 3, 2024 | Process and Benefits
While HOA fees should be sufficient to cover an association’s operations, it’s not always enough. Natural disasters, lawsuits, and unexpected income shortfalls can all force an HOA into a financial corner. Thankfully, associations can avail of an HOA line of credit to...
by | Jun 27, 2024 | Process and Benefits
Homeowners associations obtain HOA loans as an alternative to levying special assessments or dipping into the reserves to fund major repairs and projects. However, not all HOA boards have the expertise or experience to secure a loan. This is where HOA loan assistance...