Condo loans come with extra lender checks on the HOA itself — budgets, reserves, owner-occupancy, and insurance all matter.
Buying a condo? The lender underwrites more than just you — it also reviews the health of the homeowners association.
Expect scrutiny of the HOA budget and reserves, the share of owner-occupied units (most lenders want 50%+), any pending litigation, and the master insurance policy.
Ask your agent for the HOA's financials early in escrow so surprises don't derail your timeline.
We've guided many Bay Area buyers through condo financing and can tell you quickly whether a building is likely to clear underwriting.