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FHA IRS taxes

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Anonymous
Not applicable

FHA IRS taxes

HI all,

 

We had finished all of our conditions but they realized I had 2015 tax debt so I was told my closing date would be pushed back. This was recently put on a payment plan and my first payment was made in October. Could this affect the approval. What ways could the loan officer work this loan with this?

1 REPLY 1
NC_Mtg_Loaner
Valued Contributor

Re: FHA IRS taxes

Get your lender a copy of your payment plan ASAP.

 

You might also need proof of any payments made to the IRS and your lender might need to update your DTI and rerun the AUS to ensure you still have an eligible approval.

 

 

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Licensed NC Mortgage Loan Originator
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