How Does the Government Shutdown Affect Getting a Mortgage? ⋆ Local Florida Mortgage Broker

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Here’s how the shutdown is affecting homebuyers and homeowners – and what you can do about it. If you’re getting an FHA, va or usda If you’re getting a Federal Housing Administration or Department of Veterans Affairs loan, it’s likely you can expect delays in the underwriting process, and.

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What’s happening with the government shutdown and mortgage closings? find out how you will (or won’t) be affected. "With the shutdown extending for a longer period of time, we are concerned about the impact that continued income interruption may have on borrowers’ ability to meet their.

How is a Government Shutdown Affecting the Housing Market? Lower interest rates for mortgages. Interest rates have been increasing steadily lately because the economy is growing stronger, but a As long as the government shutdown is brief, the U.S. Department of Housing and Urban Development does not expect the housing search mortgage News. Find a Mortgage Broker.

But how does the shutdown affect the mortgage industry? Well, it depends on the type of loan involved, though just about everything will be impacted to Ideally, the shutdown won’t last too long and none of this will matter. But in the meantime, expect delays if you’re attempting to get a mortgage.

By Audrey Decker. With the partial federal government shutdown now approaching its third week, several federal agencies have suspended all but essential operations. federal banking regulators-the Consumer Financial Protection Bureau, FDIC, Federal Reserve, and OCC-remain open.

The federal government partially shut down at midnight after Congress and President Donald Trump were unable to come together on a Here’s how the shutdown could affect you. The same goes if you are applying for a mortgage. "By law, any mortgage loan approval is subject to review by the.

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