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!