I want to buy a house in Orlando Florida. I have income close to $130,000 a year (easy to prove). I do have a New York Tax lien issued against me. It is a new lien (issued this year). Can I still get a mortgage? How could I do?

ANSWER

hector383

ANSWERS: 1

Scott D - ex-QnA

You MAY be able to obtain a mortgage, but in most instances, that tax lien must be paid off. Can you do that? If so, and everything else seems reasonable, you should qualify. Compensating factors that will help in a manual underwrite would be gobs of liquid assets (including 401k), a long employment record, stable housing history, strong credit (680+ with multiple long tradelines), no other credit derogs. 10% down wouldn't hurt either. Good luck.

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