Budget and reserves
Ask for the current HOA budget, financial statements, reserve information, and any available reserve study. Requirements depend on the loan, project, investor, and current guidelines.
Condo financing can depend on the borrower and the project. Early review of HOA finances, master insurance, assessments, litigation, occupancy, and governing documents can surface questions before they become transaction surprises, but collecting documents does not guarantee project or loan approval.
Insurance
Review the master policy, deductibles, coverage limits, and any unit-owner coverage requirements with the appropriate lender and insurance professionals.
Assessments and litigation
Identify pending or active special assessments, significant deferred maintenance, safety concerns, and litigation that may require additional review.
Project profile
Occupancy, ownership concentration, commercial space, rental restrictions, governing documents, and project status can matter in a project review.
Start with a personal planning conversation.
Share your goals, property, and timing with Brenda before narrowing the financing path.
Sources and related resources
Questions or corrections: [email protected]