My DH and I have been preapproved FHA per Automated underwriting. We are in a tax repayment plan (should be paid off next year) with the IRS that I initiated and set up for 2008 taxes. Will this affect our final approval, or does it matter since we already have DU approval? Expert opinions much appreciated!
If you have not been in the repayment plan for 12 months, they will make you pay it more than likely. If you have been and have been on time for 12 months, you should be OK but will probably have to count the payment plan into DTI.
