Process & approval

Showing 5 guides

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  Process & approval

  The 5 Financial Red Flags That Kill HOA Loan Applications

  Five specific red flags kill HOA loan applications, and they show up in the same order almost every time. Elevated delinquency, reserves that look thin against the study, active litigation, recent board turnover, and unaudited financials over two years old. Each one has a fix. Written by Larry Kirschner, who has spent 30+ years in commercial banking and 20+ years serving on HOA boards, from watching HOA loan files get declined for reasons boards could have solved 90 days earlier.

  Larry Kirschner · September 25, 2026

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  Process & approval

  HOA Loan Approval: What Underwriters Really Look For

  HOA loan underwriting is not a mystery, but it is a sequence. Underwriters read the file in a specific order, and the ratios they compute are narrower than most boards expect. This post walks through what actually happens inside credit committee, the five document sets that matter most, the three ratios that decide the deal, and the recurring reasons associations get declined. Written from watching HOA loan files move through underwriting at community banks, regional lenders, and HOA-specialized shops.

  Larry Kirschner · September 24, 2026

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  Process & approval

  How Reserve Studies Affect Your HOA Loan Approval Odds

  The reserve study is the document that most often decides HOA reserve study loan approval, frequently before an underwriter opens the financial statements. This post walks through what underwriters read first, what lenders read instead of a single percentage, how component condition gets weighted against funding, and the practical steps a board should take a full year before applying. It closes with where HOA Loan Services helps boards line up the study with the application, plus the four questions underwriters ask most often about reserve studies during file review.

  Larry Kirschner · September 10, 2026

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  Process & approval

  HOA Loans: 10 Questions Every Board Should Ask

  Can your HOA borrow at all? Check your bylaws and vote threshold first. Then the ten questions every board should answer on cost, terms, and dues.

  Ben Kirschner · December 18, 2025

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  Process & approval

  When to Begin the HOA Funding Journey: 3 Factors to Consider

  Start your HOA funding journey: factors to consider and choose the right funding option. A comprehensive guide from HOA Loan Services.

  Larry Kirschner · April 12, 2023