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Is IRS debt viewed any differently than any other debt? Will it hurt my chances at a home loan at all? FHA loan?

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jzmatthews Joined: 22 Mar 2011 Posts: 1 1.29 Dollars($)	Posted: Tue Mar 22, 2011 1:50 pm    Post subject: Is IRS debt viewed any differently than any other debt? Wil Like 0 Dislike 0 IRS Debt Question: I have excellent credit (785). Zero credit card debt. $300,000 annual income. But will have debt for my 2010 taxes to the IRS of about $35k - for which I will have to go on a payment plan. Question: Is IRS debt viewed any differently than any other debt? Will it hurt my chances at a home loan at all? FHA loan? Thanks for the info!
tfaulhaber1 Community Expert Joined: 17 Dec 2009 Posts: 562 75.68 Dollars($)	Posted: Tue Mar 22, 2011 2:30 pm    Post subject: Like 0 Dislike 0 It shouldn't. Worse case scenario, we would add the monthly installment towards your Debt to Income ratios. _________________ Theo (Ted) Faulhaber 516-403-9116 516-634-4417 tfaulhaber (at) vanguardfunding.net

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