What Are HOA Fees?
HOA fees are regular dues paid to a homeowners association by owners of properties in certain neighborhoods, condominiums, and townhouse communities. They fund the maintenance of shared areas and services, such as landscaping, amenities, building exteriors, and reserves for future repairs. Amounts and rules are set by the association.
Special Assessments
Beyond regular dues, associations can charge one-time special assessments for large projects not covered by reserves.
Affordability
Lenders include HOA dues in housing costs, so they affect how much a buyer can borrow.
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🔗 Related Terms
More Home Buying Terms
- Adjustable-Rate Mortgage (ARM)
- Appraisal Gap
- Assessed Value
- Bridge Loan
- Cash-Out Refinance
- Closing Costs
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Last updated: September 27, 2026. This definition is for general educational purposes only. It is not financial, investment, tax, legal, or medical advice, and it does not recommend any product or course of action. For decisions about your own situation, consult a qualified professional.