Why am I having so many problems getting approval on a condo?I'm a first time buyer in Appleton, WI. I was pre approved in early Sept. by a local bank for up to $175,000 on a 30 year fixed, with 5% down. I found a condo last week and got an accepted offer at $125K. Now I'm running into issues with the lenders. I've contacted 6 lenders in the area. They keep saying that I need 10% down to get PMI along with special approvals (appraisals) from the condo association. I don't have 10% available showing in my accounts. My credit isn't stellar but the median score reported was a 692. Why the change to 10% down to even qualify for PMI? Are there programs out there that don't require PMI? Are there other questions I need to be asking my potential lenders? October 15 2009 - Appleton00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.