Once a tax installment agreement and plan are finalized with the IRS, Fannie Mae only requires that at least one payment must have been made by the borrower prior to closing.

Fannie Mae-Tax Installment Agreements-Payment History: What is the guideline for number of months of satisfactory payments for an IRS Tax Installment Agreement? Answer: Fannie Mae has not issued any additional guidance on this topic since it was announced in late January. You mention that your underwriter is requiring a 3-month history. The selling guide language DOES […]

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