Hi Mlb -- Your credit score usually has no effect on the HOA (unless it's the type of association that has to "approve" of your membership.) If it's this type of HOA, you'd naturally make your offer to purchase contingent upon being approved. Your credit score affects your homeowner's insurance rate, so you might want to check the price of that before you make an offer so that you can assess your monthly payment (HOA fee, insurance, property taxes). Congratulations, though, on being able to pay cash for a home! You're in a very enviable place that most folks would love to be in.
A little caution, though. Just because you can get into a condo community for an unbelieveable price, make sure that you have the help of a good agent who will run the comparables for you, check out the condo reserves, investigate the number of foreclosures/delinquencies in the complex. When you pay cash, there aren't the normal safeguards around you that would be in place if you were getting a mortgage. I would advise you to make any offer contingent upon the property appraising for the sales price (and then paying for the appraisal yourself) so that you don't end up buying a big headache. It's a small price to pay for the peace of mind that you're making a sound decision. Also, don't forget the $8000 tax credit that's available to first time homebuyers who will make the home their primary residence.
Best of luck to you. Do your homework (or get an agent to do it for you) and you'll be livin' on easy street soon. If I can help find a great agent in Fort Myers for you, give me a call.
Happy House Hunting!
Louise Waring, e-PRO, CSP, CNS
Coldwell Banker Residential Real estate