Delinquent Federal Debts

by FHA VA USDA Jumbo Home Equity Texas Mortgage Lender | May 12th, 2009

Share Tweet

When doing an FHA Loan, if you are delinquent, as revealed by any public records or HUD’s Credit Alert Interactive Voice Response System (CAIVRS), on any federal debt (e.g. VA-guaranteed mortgage, Title 1 loan, Federal Student Loan, SBA Loan, delinquent federal taxes) or you have a lien, including taxes, placed on your property for a debt owed to the U.S., you are NOT ELIGIBLE until this account is paid, brought current, otherwise satisfied, or a satisfactory repayment plan is made between you and the federal agency owed and is verified in writing.

Whew…that was a mouthful!

Tags: fha mortgage houston, fha mortgage texas | Category: Texas Mortgage Info |