> ## Documentation Index
> Fetch the complete documentation index at: https://docs.pylon.mortgage/llms.txt
> Use this file to discover all available pages before exploring further.

# HOA Dues for Subject Property

> Provide evidence of current HOA dues for the subject property to accurately calculate the borrower’s housing expenses.

## What this task is

This task collects documentation of **homeowners association (HOA) dues** for the **subject property**.
The goal is to confirm:

* The **amount and frequency** of HOA payments, and
* The **association responsible** for those dues.

## When this task is required

This task is required when:

* The subject property is part of an **association-governed community**, such as a:
  * **Condominium**,
  * **Cooperative**, or
  * **Planned Unit Development (PUD)**, and
* The loan purpose is a **refinance** or other transaction where **ongoing HOA costs** are relevant to underwriting.

## Why this task is required

HOA dues form an important component of the borrower’s **total housing payment**:

* They must be included in **PITIA** (see [PITIA](/entity-models/key-concepts/piti)) when calculating **[DTI](/entity-models/key-concepts/dti)** ratios.
* High dues can meaningfully affect the borrower’s **affordability profile**.

Collecting precise HOA information helps underwriters:

* Avoid **understating the borrower’s monthly housing obligations**.
* Identify any **unusual or escalating association costs** that may pose additional risk.

Without this information, the lender might use **estimates or incomplete data**, which can undermine the accuracy of the risk assessment.

## Documents needed to resolve this task

To satisfy this task, provide:

* Documentation showing the **current HOA dues for the subject property**, such as:
  * A **billing statement or invoice** from the association.
  * A **payment coupon or account statement** indicating the dues amount and due dates.
  * A **condo or HOA questionnaire** (if obtained) that clearly lists the periodic dues amount.

These materials allow the underwriter to incorporate the correct **association fee** into the borrower’s total housing expense.