Insufficient funds in the reserve savings account is a common reason why HOAs fall short of Fannie Mae eligibility.

A list of HOA-related bills and legislation in 2025. This post will be updated as information becomes available.

The purpose of the reserve fund is to protect the HOA’s long-term financial interests, so diverting that money to another ...

“We spent over $35,000 based on three steps. The HOA based on their budget report spent almost $100,000,” Cassar said, and that all went toward legal fees for both sides. House Representative ...

“You don’t budget for that. We weren’t thinking we ... The utility told Stoogenke it corrected the HOA’s account so this doesn’t happen again. Its policy is it will issue refunds going ...

HOA Homefront: Before buying into an HOA ... funds in the reserve savings account (10% minimum of the total budget) is a common reason for HOAs to fall short of Fannie Mae eligibility.

Furthermore, Fannie Mae and Freddie Mac (the two government-sponsored entities backing most residential mortgages in the U.S.