Tag: delinquent federal tax debt

FHA – IRS Installment Agreement: What are the Fannie Mae & Freddie Mac guidelines for a borrower with an installment agreement with the IRS?

Answer: FHA requires a 3-month payment history on delinquent federal tax debt. Also note that it is within the underwriter’s rights to view the continued accumulation of unpaid tax debt on a yearly basis as a derogatory reflection on the borrower’s financial management.  There may be additional questions from underwriting asking for an explanation regarding […]

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