How To Get A Mortgage While Making Payments To The IRS For Back Taxes…

Of all the blog posts I’ve made over the years this one particular post gets searched for and read more than any other…

…So, I wanted to touch on it again here to remind you that it is possible to get a mortgage if you owe the IRS back taxes.

Here is what it takes…

1) If you owe the IRS back taxes you have to take the initiative and make a payment plan with the IRS right away.

Generally, if you make a payment plan right away with them they won’t file a lien against you.

If you wait and do nothing with your balance owed to the IRS – then the IRS will place a tax lien against you and at this point you won’t be able to get a mortgage.

Once a public record lien shows up on your credit – you will have to pay off the entire amount and settle the lien before you can get a mortgage.

2) If you have a history of making payments on your IRS back taxes for 12 months without any late payments then you can get a mortgage with me (assuming you qualify otherwise).

The underwriter will treat this payment as he/she would with any other installment loan. (such as a car payment)

If you are in this situation – give me a call and I can most likely help you out!

That’s it for today!