When an HOA needs to finance a major repair, reconstruction project, or reserve shortfall without a large special assessment, it typically borrows through a bank division that specializes specifically in community association lending — a different product than a typical small-business loan.
National community association banking divisions
Alliance Association Bank
A division of Western Alliance Bank; the leading national HOA banking division, offering deposits, financing, and payment solutions.
CIT Community Association Banking
Community association banking and HOA loan division, formerly tied to Mutual of Omaha Bank's HOA business.
Pacific Premier Bank
One of the largest HOA deposit and lending businesses in the country.
Popular Association Banking
Division of Popular Bank providing deposit accounts, lockbox payment processing, and lending exclusively for condo and homeowner associations nationwide since 1994.
800-233-7164 · associationsupport@popular.com
More Providers
Computer Mortgage Corporation
8188873901 · dan@computer-mortgage.com
Heritage Bank of Commerce
California-based bank division offering treasury management, HOA payment systems, and lending for community associations.
844-489-0999 · HOASpecialtyBanking@herbank.com
Related guides: Reserve Funds Explained · Special Assessments Explained · Self-Managed vs. Professional HOA Management