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Does having a payment arrangement for tax liabilities negatively effect my ability to get a home loan?

We have outstanding tax liabilities from 2005, 2006 and 2007. We have a payment arrangement with the IRS which has been in place for a couple of years now. There are no liens in place. How will this effect my ability to get a home loan when disclosed on my application? by amelli_838_335 from St. Louis, Missouri. May 22nd 2012 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

It shouldn't effect you at all.. so long as there is no tax lien showing on your credit report. You will have to disclose it on the application and provide a copy of your payment arraignments, but you should not have a problem.. The best advice I can give you is to contact a LOCAL mortgage broker, not the local "Big" bank, and certainly not one of those 50 states internet lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. 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. 480-287-5714 WilliamAcres.com

May 22nd 2012
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Linda Wintersteen (Linda123)
#63 ranked lender in Arizona - 1,256 contributions

are these from a business ?? or personal? are you up to date ? when will it be completed?? check with your tax advisor, and you will need to disclose. it will only show on your credit report, if you never paid it , submit a copy of your payment arrangement ..

May 22nd 2012
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Eric Burns (ericburns)
#14 ranked lender in Missouri - 7 contributions

I agree with what has been said below. I have in house underwriter that I communicate well with.If you would like me to pre-approve you please give me a call at 417-616-0071Thanks

May 22nd 2012
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