Home arrow Mortgage Forums arrow Loan Talk for First Time Home Buyers arrow

How to get approved for a mortgage with a tax lien

Author Message
Icon Mini Profile ifixit22000





Joined: 02 May 2011

Posts: 1

1.34 Dollars($)
Post Posted: Mon May 02, 2011 8:34 am    Post subject: How to get approved for a mortgage with a tax lien
Like 0
Dislike 0

I have a tax lien that i have payment arrangement with and I am current on the arrangement i also should be done paying back the debt by the end of the year but i would like to get approved for a mortgage within in the next 30 days is there anything that i can do also my credit score is at about 660
Icon Mini Profile chrisgummerson

Community Expert
Community Expert



Joined: 29 Apr 2010

Posts: 704
Location: La Palma, CA
9.98 Dollars($)
Post Posted: Mon May 02, 2011 10:41 am    Post subject:
Like 0
Dislike 0

What type of financing are you looking for? FHA as long as you have a payment plan accepted, you should be ok to obtain financing. Good luck!
_________________
Chris Gummerson
Bay Valley Mortgage Group
bayvalleymortgage.com
714-367-5125
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

Posts: 10439
Location: Alaska
985.83 Dollars($)
Post Posted: Mon May 02, 2011 8:48 pm    Post subject:
Like 0
Dislike 0

Hi ifixit!

Welcome to forums!

As you already have a payment arrangement regarding your taxes, it won't be a problem for you to get a mortgage. With a credit score of 660, you will be able to qualify for a FHA loan. You won't be able to get a conventional loan as it requires a credit score of 700-720. You should contact the local FHA lenders in order to get a mortgage.

Feel free to ask if you've further queries.

Sussane
Icon Mini Profile joshonjoice





Joined: 03 May 2011

Posts: 3

1.43 Dollars($)
Post Posted: Tue May 03, 2011 8:26 am    Post subject:
Like 0
Dislike 0

Until the debt is borrowed ultimately. Many people in need, to purchase the mortgage lien finished bottom of their own, the IRS, the IRS does not require, I think This is not true on a mortgage to buy a certificate.
_________________
bathroom renovation perth
Icon Mini Profile tfaulhaber1
tfaulhaber1
Community Expert
Community Expert

best lender badge

Joined: 17 Dec 2009

Posts: 562

75.68 Dollars($)
Post Posted: Tue May 03, 2011 9:03 am    Post subject:
Like 0
Dislike 0

How long have you been in the payment arrangement? If you just set it up; you'll probably have a problem finding financing. If you can prove 12 months of payments, you should be fine.
_________________
Theo (Ted) Faulhaber
516-403-9116
516-634-4417
tfaulhaber (at) vanguardfunding.net
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights

Bookmark this page

Helpful References

Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators

     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools

Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community

MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards

Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (252)











We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 0.072 seconds.