Community Association Loans
Helping to Protect the Financial and Physical Health of Communities
Community associations—including condominium and homeowners associations—need access to capital to pay for large scale projects. With over two decades of experience in community association lending, NCB will work with the association to provide the best financing to meet the needs of the community.
![Olive Park Condominium](https://www.ncb.coop/hubfs/assets/images/community-assoicaition-loans-hero.jpg)
Loan Products
- Term Loans up to 15 years
- Line of Credit/ Term Loan Combination
Loan Size and Purpose
- $250,000 minimum
- Capital improvements and repairs
- Developer deficiencies
Key Requirements
- Delinquency is <10% of annual income
- Delinquent units are <15% of total units
- Balance in reserves is ≥10% of gross income
- At least 20 units and 50% owner occupied
Resources
![Celebrating National Make a Difference to a Child Month](https://www.ncb.coop/hubfs/Consumer%20Photos/iStock-1271510523.jpg)
Latest Post
Celebrating National Make a Difference to a Child Month
At NCB, we believe in empowering families to achieve financial well-being. That’s why we offer a variety of resources, including our ...
New Windows Work Wonders for Montello Condominiums
A window replacement project helps Washington D.C.’s Monticello Condominium Association deliver modern benefits with a historic look.
Featured Post
Community Association Loans: What, Why & How
Capital improvements in community associations are always needed. These include but not limited to roof replacements, balconies, sidewalks, ...