Because we understand your associations’ unique needs, we offer specialized, community-friendly loans and lines of credit just for Homeowners Associations (HOAs), Planned Unit Developments (PUDs) and Common Interest Developments (CIDs). If your association is considering taking on a maintenance or renovation project but doesn't want to deplete your capital reserve fund, reach out to us so we can help you consider our flexible funding options. Your association will be putting their trust in a local bank whose interest lies in the success of their community.
Community Assocation Loans
Flexible funding options
Let us help you take your next step, whatever it may be. You deserve the highest level of service.
- Construction and Disaster Recovery Lines of Credit
- Maintenance & Improvement Loans - Fixed and Variable Rates
- Terms up to 15 years
- Flexible payment options including no pre-payment penalties
DOWNLOAd THE Application
Looking for custom funding solutions?
Take a look at our HOA loan application and give us a call.
Joseph Morgan
Vice President
jmorgan@cbankus.com
801-595-7047
Vice President
jmorgan@cbankus.com
801-595-7047
FAQs
What makes Continental Bank HOA Loans Better than Other Lenders?
We don’t charge Origination or Documentation fees of any kind, we allow pre-payments without penalty, and we have local expertise and experience in creating customized solutions very quickly.
Do HOA Loans Require Collateral to be Pledged?
If the loan ever went into default, we would have the right to collect the associations assessments dues from the homeowners. Board members and homeowners are not required to personally guarantee the HOA loan or line credit, and the bank won’t take a lien on any properties or real estate.
What Are the Benefits of Getting an HOA Loan?
An HOA loan can spread the cost of community projects over a longer period of time rather than having to pay for it all upfront. The costs of the project are assigned to the people who benefit the most from the project. It can allow you to maintain or improve your community association’s reserve fund while also taking on projects quickly at today’s prices.
What are the Drawbacks of Getting an HOA Loan?
Some community associations will likely need to increase homeowners’ assessment fees to make loan payments, which include interest.
Can Continental Bank Place a Lien on Individual Units in a Community Association?
No. Individual units can be bought and sold throughout the loan without having any impact on the structure of the loan.
Is There Someone I Can Talk To About Customizing a Loan to Fit Our Needs?
Contact our HOA loan expert, Joseph Morgan, he will happily answer any of your questions and help create a solution that fits your community association’s needs.
Joseph Morgan
Vice President
Phone: 801.595.7047
jmorgan@cbankus.com
Joseph Morgan
Vice President
Phone: 801.595.7047
jmorgan@cbankus.com
Community Association Financing Made Easy
We understand your associations’ unique requirements and offer specialized, community-friendly loans and lines of credit just for Homeowners Associations (HOAs), Planned Unit Developments (PUDs) and Common Interest Developments (CIDs). If your association is considering taking on a maintenance or renovation project but doesn't want to deplete your capital reserve fund, reach out to us so we can help you consider our flexible funding options. Your association will be putting their trust in a local bank whose interest lies in the success of their community.
Let us help you take your next step, whatever it may be. You deserve the highest level of service.
FLEXIBLE FUNDING OPTIONS
- Construction and Disaster Recovery Lines of Credit
- Maintenance & Improvement Loans - Fixed and Variable Rates
- Terms up to 15 years
- Flexible payment options including no pre-payment penalties
FAQs
What makes Continental Bank HOA Loans Better than Other Lenders?
We don’t charge Origination or Documentation fees of any kind, we allow pre-payments without penalty, and we have local expertise and experience in creating customized solutions very quickly.
Do HOA Loans Require Collateral to be Pledged?
If the loan ever went into default, we would have the right to collect the associations assessments dues from the homeowners. Board members and homeowners are not required to personally guarantee the HOA loan or line credit, and the bank won’t take a lien on any properties or real estate.
What Are the Benefits of Getting an HOA Loan?
An HOA loan can spread the cost of community projects over a longer period of time rather than having to pay for it all upfront. The costs of the project are assigned to the people who benefit the most from the project. It can allow you to maintain or improve your community association’s reserve fund while also taking on projects quickly at today’s prices.
What are the Drawbacks of Getting an HOA Loan?
Some community associations will likely need to increase homeowners’ assessment fees to make loan payments, which include interest.
Can Continental Bank Place a Lien on Individual Units in a Community Association?
No. Individual units can be bought and sold throughout the loan without having any impact on the structure of the loan.
Is There Someone I Can Talk To About Customizing a Loan to Fit Our Needs?
Contact our HOA loan expert, Joseph Morgan, he will happily answer any of your questions and help create a solution that fits your community association’s needs.
Joseph Morgan
Vice President
Phone: 801.595.7047
jmorgan@cbankus.com
Joseph Morgan
Vice President
Phone: 801.595.7047
jmorgan@cbankus.com
"NOT ONLY ARE WE WILLING TO LISTEN TO THE NEEDS OF YOUR COMMUNITY ASSOCIATION, WE WORK HARD AT DELIVERING A PRODUCT THAT FOR WORKS YOU"
Learn more about Continental
We have a proven track record of working with our partners and customers in developing financing strategies that help them achieve their goals.
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