Federal Deposit Insurance Corporation - FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Due to our system conversion, Digital Banking will be unavailable from Friday, Feb. 21st to Sunday, Feb. 23rd, 2025. Please schedule transactions in advance. For urgent processing on Feb. 21st or questions, contact customerservice@cbankus.com. Watch your email for updates and new login instructions.
Federal Deposit Insurance Corporation - FDIC-Insured - Backed by the full faith and credit of the U.S. Government
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.
Let us help you take your next step, whatever it may be. You deserve the highest level of service.
Take a look at our HOA loan application and give us a call!
Customer Service:
Main Phone Number: 801.595.7000 & 1.888.858.7054
Or you can email us at:customerservice@cbankus.com
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.
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.
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.
Some community associations will likely need to increase homeowners’ assessment fees to make loan payments, which include interest.
No. Individual units can be bought and sold throughout the loan without having any impact on the structure of the loan.
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
We have a proven track record of working with our partners and customers in developing financing strategies that help them achieve their goals.