Did you know that on a USDA loan, if a client owes back taxes, they could still qualify if they have set up a payment plan with the IRS? Post below if you’d like me to email you the entire rule.
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Answer: Yes. The IRS tax debt must be counted against the borrower. [tweet-start]USDA borrower can buy a home even if they owe back taxes. However, a payment plan to the IRS must be in place. [tweet-end] Applicants who have an IRS tax debt are ineligible if a repayment plan is not underway. The applicant must […]