It's killing me! Im going for a VA loan through NVR mortgage and it is taking forever. My scores are 650 EQ, 656 TU and 657 EX. Had some problems a few years ago due to divorce. Now I'm back on my feet and would love to build my family a home. My biggest issue is taxes from 2010 and 2009. I owe the IRS 13,000 dollars. No tax lien, and nothing reporting to credit about it. What are my chances?
Starting Score: 565
Yes there is a repayment plan in place. I told them about debt verbally and it was also on my returns for 2010. My debt to income is pretty good as well. I make about 93K with a few small credit cards and child support.
NVR is telling me I may have to pay it off. A payment plan is no good for them. Not sure about any other lenders.
Prayer is what we all need right now. Good luck to you, 2/15 is this week! Keep us posted
Waiting for final approval first. They wont start building until NVR fully approves the loan. I hoping around May or June if the start by the end of this month.
