Answers to commonly asked questions

Q: In what states do you work?

We have lending relationships in all 50 states.

Q: Will I need a down payment?

No. You will never need a down payment for an HOA loan through our lenders.

Q: Is anyone in the Association individually responsible for the loan?

No. Loans are extended entirely to the Association, so no one member will be individually responsible.

Q: How long of a loan term can we get?

Terms are dependent on the characteristics of the HOA and the use of the loan proceeds. Arch Capital has placed loans with terms as long as 25 years.

Q: What is the usual timeframe for funding?

Obtaining funding for HOAs can be a longer process than traditional lending. Typically, it takes between 1 and 6 months to get fully funded.

Q: What are your fees?

There are no upfront fees for our brokerage and advisory services. If you decide to close on a loan through us, our brokerage fee would be between 1-2% of the final underwritten amount. Our fee is only charged after your loan has been closed.

Q: Do you guarantee success?

Unfortunately, we cannot guarantee success. Credit approvals are determined by financial institutions. We are confident that Arch Capital is among the most successful HOA loan brokers at finding our clients the best possible financing solutions for their Associations. If we cannot fulfill your loan needs, you owe us nothing.

Q: Are all lenders the same?

No. We often see a considerable variance between terms and rates between lenders.

Q: Can homes still be bought and sold if we have an outstanding loan?

Yes. Lenders do not place liens on individual properties.