If a client has a Federal Tax Agreement in place to pay back taxes, they are still eligible for mortgage financing. This monthly debt is counted just like any other debt. Contact me to help them find the right program for them.
Related Article Title: 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 […]