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I owe IRS will I get USDA loan?

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alm330 Guest	Posted: Thu Feb 17, 2011 4:50 pm    Post subject: I owe IRS will I get USDA loan? Like 0 Dislike 0 I owe the IRS $966 for taxes in 2007. I called the IRS and they told me the debt is in "not collectible" status and I only have to make payments voluntarily, but they are not pursuing collection of the debt. It's not a lien and doesn't show on my credit report. I'm wondering if this will prevent me from getting a USDA Rural Development guaranteed mortgage? I called USDA and the lady told me she didn't think it would be a problem because they review credit report that lender provides and if it isn't on credit report and isn't a lien it shouldn't be a problem. I'm still nervous about taking her word for it because others say any federal debt will derail a government guaranteed loan. I'm scared to mention it to my lender because they may require me to pay the $966 and I don't have it available right now. Plus, the IRS isn't pursuing payment. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
brian1 Community Expert Joined: 14 Jun 2008 Posts: 448 Location: Northern California 15.61 Dollars($)	Posted: Thu Feb 17, 2011 7:28 pm    Post subject: Like 0 Dislike 0 Have the money ready to pay it and let the underwriter decide - they will not deny you but may require it to be paid. B _________________ Licensed Broker 50 states http://www.aimwithfocus.com Live Chat available Need quick advise email or PM Glad to help Pre-approvals www.applyonlinesecure.com

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