Can somebody explain HOA Loans in simple English, please? Thanks

[Baltazar Granados]

I'm a complete newbie. Im doing some research on what could be my first ever purchase. I Am also looking into what my best option would be as far as funding such property with little to no down. I am looking in the Luna county areas and just happen to come across HOA Loans in a document and would love it if someone could explain it to me in more simple words.

It would also be wo derful if anyone could guide me into what has worked for them and how to go forward with it.

Thank you all in advance. Looking forward to becoming an expert at the material and help others when the time comes