Request a Free Loan Proposal for your Association

Condo Association Can't Qualify for HOA Loan? Try Pooling Home Equity Lines

stephen polinsky on Feb 9, 2009 7:24:00 PM


Qualifiations for an HOA Loan or Condo Association Loan may not work for your Community Association for a number of reasons.  Most HOA lenders require the HOA to have atleast 20 condo units, 50%+ owner occupation and a HOA loan amount of $75,000-$100,000 at minimum.

If your Condo Association or HOA does not meet these criteria, another option to special assessments and condo reserves may having each condo unit owner pull down a Home Equity Line (HELOC) to cover the cost of condo association common area projects.


Leave a comment

HOA & Association Lending Nationwide

hoa loan

Contact Information:

Submit the quick form to speak with us!

  • Experienced HOA Lenders
  • No obligation to speak with us
  • Competitive rates
  • Flexible terms

Some loan uses include:

  • Repairs & Improvements
  • Restorations
  • Capital purchases and buyouts
  • Reserve funding
  • Refinancing of current debt obligations
  • Litigation and Insurance funding

General Requirements:

  • Minimum of 25 units
  • Minimum loan amount of $250K