Two ways to get the funds you need.

Make repairs, fund improvements and more — quickly, efficiently and expertly.

At Mutual of Omaha Bank, we know HOAs. Just like we know how hard you work to make your HOA or community association a great place to live. We appreciate the specific challenges you face — and we offer specific solutions, such as these funding and lending options designed to meet HOA and community association needs.

Community Association Revolving Line of Credit (CARLOC)

When small, unforeseen, or even seasonal expenses arise and your association is faced with a short-term need, our Line of Credit Solution provides your Board the ability to meet needs quickly and easily.

Line of Credit Features

  • Variable interest rate (WSJ prime +1% subject to a floor of 5%)
  • Credit lines ranging from $25,000–$250,000
  • Three-day average turnaround time on approval of completed application
  • Fast, easy loan application process

Quick Term Loans: Now up to $3 million

Designed for larger scale projects and capital improvements, the Quick Term Loan solution provides significant resources to HOAs over a fixed term. With affordable rates and as little as a three-day turnaround time for prequalified borrowers, the Quick Term Loan option combines flexibility with simplicity.

Quick Term Loan Features

  • Competitive Low Fixed Rates
  • Five-, seven- or 10-year terms
  • Access loans up to $3 million
  • Qualified borrowers approved in as little as three days
  • Used for construction projects to a community or other planned infrastructure improvements
  • Fast, easy loan application process
  • Available for refinancing of existing loans
  • Special assessments can now be considered when applying for the loan*

Contact Us
Contact your Regional Account Executive or call 866.800.4656 to learn more about how we can help you.
Mutual of Omaha Bank: Your Community Association Banking Experts