How will an IRS repayment plan be factored into my loan? Will it prevent me from getting a mortgage loan?

Do you know if there is an IRS collection judgment or lien?

Typically, the monthly payment will be added to your monthly obligations/debt. As long as your debt to income ratio is still within guidelines, you should have no problem getting financed while on a repayment plan with the IRS. I'd be happy to discuss this further with you. You can reach me at 303-407-0824. Nick Bebout - American Liberty Mortgage

More info needed, but if you have been making payments for the past 6 months, then it's possible you can get a loan.. the IRS payment will be added to your debt to income ratio. Also, if there is a tax lien, then the IRS will need to agree to subordinate their lien otherwise the lender will not give you a loan. Most competent loan officers will know how to deal with this, but it does take some time.. so if your serious about getting a loan, you should get with a local mortgage broker now to get things started. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

If you have a repayment plan in place and have made at least 3 payments on that plan then the lender should be able to count that payment in your monthly debt to income ratio and qualify you.

As others have said, usually it can simply be counted as part of your monthy debt, just like a car loan. Or, if you can pay it off at closing, it does not have to be counted.

NORMALLY IT WOULD BE COUNTED AGAINEST YOU, UNLESS THE PAYMENT PLAN IS LESS THAN 1 YEAR THEN ITS UP TO LENDER TO WAIVE OR NOT...

If you have at least 6 months of on time payments behind you and you are current you should have no issues, but they will count that monthly payment in your debt to income ratio which could lower the amount you can qualify up to. It just depends on your overall credit and income picture. You should speak with a couple of loan officers and see what options you have. If you have any questions I am available 7 days per week at 303-521-7169 or sean.young@nafinc.com / Best wishes, Sean