The Federal Tax Credits Blog

Question: Can I get a new mortgage w/a Tax Lien?

Help! Is it possible to get a new mortgage with a tax lien on credit file?

We make over $300k a year and are coming out of a financial mess we got in w/a bad real estate market in Colorado. We are back on our feet and credit scores are coming up, no debt etc.

We are ready for new home purchase but now have the tax lien on our credit file.

Is there anyway we can get the tax lien rolled into a new mortgage? If yes, how do we find a lender who will do this? Our income is 100% verifiable and we are already living in the house. The owner let us do an extended close to end of October.

We need to get this done asap!

Thanks!
Josh
Thanks for the quick ans! The issue we are just renting in the current house so I don’t think we can do a refinance?

Would also be interested in a lease/purchase for up to 12 months if we can find an investor who will do it? We have already put down $10k in earnest.

Answer: On a refinance, yes, this can be done. In fact, it’s going to be a condition of the loan in all probability.

Just talk to some lenders. I recommend you speak to no less than three before choosing one. Talk to as many as you have the stamina for. Start the conversation with “We want to refinance.” and then see what they do next. Reject any lender representative that tells you anything before asking you questions.

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