Posted on: 23rd May, 2013 12:44 am
Me and my spouse are looking to go for an FHA loan within the month if possible. Hubby has a tax lien that's been negotiated on his behalf but he hasn't started making any payments yet. Will this be an issue in securing a FHA loan?
It will be better if you could wait and take out a loan after he starts paying the tax lien. With a tax lien on his credit report, he won't be able to qualify for a loan.
Welcome Perry,
I agree with what Niicss has said. It will be better if your husband could start off paying the tax liens before applying for a loan. Or else, if you meet all the required criteria of the lender, then you will be able to take out the loan alone.
I agree with what Niicss has said. It will be better if your husband could start off paying the tax liens before applying for a loan. Or else, if you meet all the required criteria of the lender, then you will be able to take out the loan alone.