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How to get approved for a mortgage with a tax lien

Posted on: 02nd May, 2011 08:34 am
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
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!
Posted on: 02nd May, 2011 10:41 am
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
Posted on: 02nd May, 2011 08:48 pm
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.
Posted on: 03rd May, 2011 08:26 am
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.
Posted on: 03rd May, 2011 09:03 am
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