Submitted by heavenleebreads on Thu, 09/22/2011 - 20:56
we are making monthly payments to the irs can we buy a house
we are making monthly payments to the irs can we buy a house
Can we get a fha loan or a interest free loan since we are making monthly payments on a irs tax lien.
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Hi Heavenleebreads,
You may not be able to get an interest free loan but you may qualify for a FHA loan provided you meet the required criteria of the lender. You should have a credit score of around 600-620. Apart from that, you should have a stable employment. Apart from that you should be able to pay a down payment of 3.5% - 5%.
Take care