At risk of losing my loan?
I am currently in the process of buying a home. In fact the loan is currently conditionally approved pending two things: the appraisal (which is ordered and I know will go well) and the other is needing documented proof of a payment plan from the IRS for the money I owe after filing my 2025 taxes.
I have absolutely no problem paying off what I owe or setting up a payment plan, but the IRS has nothing processed for 2025. So I'm unable to set up a payment plan and I can't even make a payment towards what I owe that the lender would accept. I have a general idea of what I owe, but an extra $800-1100 debt doesn't look good on paper and especially if there's no plan in place to pay it off. And, from what I can find online, it looks like the IRS usually doesn't get everything processed until the end of May to mid-June which is not going to work because I need a payment plan sometime this week so we can close May 13th.
I'm worried that this is going to end up ruining the chances of closing on the loan. Am I really going to lose the loan or am I just dealing with house-buying jitters?