VA loan with a Federal Tax lien
01-03-2012 10:40 AM
Me and my husband are schedued to close on our house Jan 27th.2012, today we get a notice about a Federal Tax lien that is on my credit fie that I have been paying on for 6 years,the balance is $ 7226.00. My question is will this affect me getting approved for my VA loan if the total is not paid by closing ? My credit scores are all above the 620 needed to quailfy for the loan although my husband middle score is around 604.
We only have enough to cover closing and nothing extra.