and a HiCap down payment assistance. I was set to close this week and at the last minute I was told by my loan company that the building is showing 22% delinquencies in the HOA. They said because that number is bigger than the 15% that Fannie Mae allows the loan cannot close. The HOA says that they are not in debt, have reserves and makes money in other ways they are not too worried about the delinquencies. Plus, most of that money comes from the 8 foreclosures in the building. My loan company is small and sells everything to Fannie Mae so I don’t know if they can get around this. My question is… can anyone get around this? Should I find a bigger lender? Does everything have to conform to Fannie Mae guidelines? If I go with a new lender do I have any obligation to the old one? Do I have to pay for the appraisal even though they couldn’t do the loan? I am in a tight spot as I will be homeless next week if I cant make something happen soon!