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

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At least five families in the Aberdeen area are trying to buy homes and can’t because of the partial government shutdown. And that number is likely a low estimate because they are just the clients.

The government shutdown is in effect for the first time in 17 years but, for the time being, reverse mortgage loan, insured HUD and FHA, will largely remain unaffected. HUD will maintain the necessary operations up and running such as the FHA call center and national servicing call center.