FHA – Federal Tax Agreement: How many payments does my borrower need to make on a federal payment plan before they can buy a home? [NEW MC Chart-Federal Tax Lien Requirements-All Agencies]

Answer: Your borrower has to make 3 payments prior to closing, and they cannot be pre-paid.  See the full guidelines below. Reference: 4000.1 II.A.1.b.ii.(A)(12)-(13) Tax liens may remain unpaid if: the Borrower has entered into a valid repayment agreement with the federal agency owed to make regular payments on the debt; the Borrower has made […]

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