Anyone with an outstanding IRS/Federal or State Tax Lien is going to be limited in their ability to purchase a home with a mortgage. This is because all liens such as these impact the lenderâ€™s position in title to the property.
Only if you have entered into a repayment plan, typically a minimum of 6 months of payments made, and have approval from the appropriate agency, can you still have an outstanding tax lien at the time of closing. The same would be true for a judgment.
The lien must either be paid in full or the agency has to have agreed to subordinate it.
Working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your options. To get Pre-Qualified for your purchase, you can submit your request online at http://www.rodneymason.com.
Rodney Mason, NMLS #151088
Sr Loan Officer
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of mortgage lending experience.
Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203(k) Renovation (Streamline & Consultant) | HomePathÂ® | HomePathÂ® Renovation | HomeStyleÂ® Renovation | VA | USDA | GA Dream | Jumbo Financing.