Private home loan

dwheeler1 — Tue, 24 Feb 2026 03:19:26 GMT

can you deduct mortgage interest if the loan is private

Re: Private home loan

DoninGA — Sat, 11 Mar 2023 20:18:14 GMT

Is the loan secured by the property?

Re: Private home loan

KrisD15 — Sat, 11 Mar 2023 20:43:16 GMT

You would have had to sign papers which put a lien on the property for the interest to be deductible.

If it were something like an installment payment or land contract, yes, the interest would be allowed because in those cases, the Seller retains the right to the property until the loan is paid in full.

According to the IRS:

The mortgage is a secured debt on a qualified home in which you have an ownership interest. Secured Debt and Qualified Home are explained later.

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topic Private home loan in After you file

Private home loan

Re: Private home loan

Re: Private home loan