Quicken and IRS installment

[Sbrooks1]

Just wanted to share what I learned from my quicken person. IRS installment requires 12 months of on time payments or enough reserves to cover the total cost. This is for an FHA loan.

[Anonymous]

Thank you for sharing.

[Sbrooks1]

Good to know they have a pretty significant overlay

[Sbrooks1]

Bye bye quicken

[Anonymous]

Good for you and good decision.

[ShanetheMortgageMan]

---

@Sbrooks1 wrote:
Good to know they have a pretty significant overlay

---

+1.  Most lenders will just require 3 months, max.  Tax liens will require 3 months of payments (and can only go with government loans), but if it's not a tax lien yet then a lot of lenders will accept that a payment plan has been established.