Can you get a home equity loan on a condo?

The home equity borrowing process looks a lot different for a condo than it does for a house. DEV IMAGES/Getty Images

If you own a condo, you've likely watched your property value climb over the past few years, even as higher mortgage rates and cooling home sales have reshaped the broader housing market. And with household expenses still elevated due to sticky (and growing) inflation , many condo owners are wondering whether they can tap their home equity to ease financial pressures or fund big-ticket goals like renovations, college tuition or debt consolidation.

Leveraging condo equity isn't always as straightforward as it is for single-family homeowners, though. Condos come with unique shared-ownership structures, association rules and underwriting requirements that c