IRS Payment Agreements & Buying a Home!  Did you know that FHA will allow you to finance a home if you have delinquent IRS credit obligations and a repayment agreement has been set up? The lender will require you to show a history of 3 on-time monthly payments under the repayment agreement.  If you thought this was holding you back from owning a home, let’s talk!
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IRS Payment Agreements & Buying a Home!  Did you know that FHA will allow you to finance a home if you have delinquent IRS credit obligations and a repayment agreement has been set up? The lender will require you to show a history of 3 on-time monthly payments under the repayment agreement.  If you thought this was holding you back from owning a home, let’s talk!

ByBrandon Butler

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Did You Know? The primary borrower does not have to occupy the property if the Parents want to provide housing for their physically handicapped or developmentally disabled adult child – even if the child has little or no income. The Parent is considered the owner-occupant. The same rules apply when children want to provide housing for elderly parents – even if a parent has little or no income. The child is considered the owner-occupant.
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Did You Know? The primary borrower does not have to occupy the property if the Parents want to provide housing for their physically handicapped or developmentally disabled adult child – even if the child has little or no income. The Parent is considered the owner-occupant. The same rules apply when children want to provide housing for elderly parents – even if a parent has little or no income. The child is considered the owner-occupant.

ByBrandon Butler

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.