The results of the past mortgage crisis have made FHA or VA condo financing virtually impossible. Because home owners associations often have the first lien or right of first refusal on a condo sale - lenders have seen themselves burned. Also, low downpayment options insured or guaranteed by the government are not options, I.e. VA (100% loans) and FHA (3.5%). A conventional loan may be available but you are looking at a 720 credit score (minimum) if not greater, as far as I understand. Also, always work with a lender you know, who is local, and who you and / or your agent can walk into their office and discuss your goals in person - that's my professional opinion. Lastly, most lenses are not interested in long term fixed rate mortgages $50,000 and below as they don't make as much money in the secondary market for the amount of work that's required to close them. Hope some of this may help you see why you are having a tough time. Call or email me if you need guidance to a savvy REALTOR in your market.