Tax debt pay off prior to closing

[Mateo Way]

Hea BP Forums!

I have found myself in a bit of a pickle.

My wife and I have a property under contract for 345k with 20k in seller credits at closing, funded with a FHA loan. We passed inspection with only some minor painting touch ups to be addressed prior to closing. Appraisal came back at $410k (65k in instant equity BEFORE reno!).

We thought we were in the clear and ready to start our investing journey when our funding came back as “conditional”, we took care of all of the issues with the necessary paperwork BUT we do have a pending tax payment for 2021 that is scheduled to be paid in August of this year. 

The lender wants us to pay the total in full at closing (its slightly over 20k which is money we don't currently have on hand) OR get placed on a payment plan. The payment plan WOULD work out great if we weren't at 48% on our DTI. The monthly payment would be doable but would place us above the max DTI for approval.

Im stumped as far as how to proceed as most bridge loans are at $100k + and most small lenders wont loan on rule properties that have more than 2 acres (this 6 bed, 3 bath sits on 29 acres with its own pond and creek). 

Im not sure how else to proceed. Neither my wife and I have friends or family who we could borrow the funds for on a short period. 

Any suggestion would be GREATLY appreciated!!!