Need Advice Pertaining to 1st Investment Deal

[Courtney Cleveland]

I'll try to keep this brief and to the point. In the process of purchasing my first investment property (2 br condo in Atlanta suburb). I get a call from the lender today (NFCU) telling me that underwriting cannot approve the deal because the HOA has an inadequate budget, high investor occupancy concentration, and high delinquency. I was scheduled to close on the 16th, and just got this call today. I'm apprehensive about starting the process with another lender, because I don't want to run into the same issue again. The mortgage processor said that this is a NavyFed thing, and others might not be as strict. Anyone know how I should proceed with this scenario? It's the only thing standing in my way. Thanks in advance for any guidance.