10/03/2025
Government Shutdown Update: What Realtors & Clients Need to Know
At Global State Mortgage, powered by APM, we want to keep you informed about how the current government shutdown may affect real estate transactions. Here’s what you should know:
✅ FHA Loans – New case numbers are still available, but anything requiring HUD staff could be delayed. Insuring may take longer.
✅ VA Loans – The VA is open but running at reduced capacity. The good news? No insuring delays since APM self-insures.
✅ USDA Loans – If you already have a Conditional Commitment, you’re good to close. But new commitments are paused until USDA resumes underwriting.
✅ Flood Insurance – The National Flood Insurance Program expires September 30 at 11:59 PM. Existing policies stay valid, but no new or renewal policies can be issued until reauthorized. Private flood insurance is an option.
✅ Employment Verification (VOEs) – If a borrower is furloughed, loans are not automatically ineligible. Written documentation and alternate verification options are available.
✅ Tax Transcripts & SSN Validation – No delays yet, but this could change.
Bottom line: Delays are possible, but solutions exist. Our team at Global State Mortgage powered by APM is here to guide you every step of the way.
👉 Realtors, share this with your clients so they’re prepared.
👉 Borrowers, reach out with any questions, we’re ready to help.
https://www.Globalstatemortgage.com
515-537-4765
Equal Housing Lender | NMLS #1850 | NMLS ID: 1314406
https://www.nmlsconsumeraccess.com
Government Shutdown Update: What Realtors & Clients Need to Know
At Global State Mortgage, powered by APM, we want to keep you informed about how the current government shutdown may affect real estate transactions. Here’s what you should know:
✅ FHA Loans – New case numbers are still available, but anything requiring HUD staff could be delayed. Insuring may take longer.
✅ VA Loans – The VA is open but running at reduced capacity. The good news? No insuring delays since APM self-insures.
✅ USDA Loans – If you already have a Conditional Commitment, you’re good to close. But new commitments are paused until USDA resumes underwriting.
✅ Flood Insurance – The National Flood Insurance Program expires September 30 at 11:59 PM. Existing policies stay valid, but no new or renewal policies can be issued until reauthorized. Private flood insurance is an option.
✅ Employment Verification (VOEs) – If a borrower is furloughed, loans are not automatically ineligible. Written documentation and alternate verification options are available.
✅ Tax Transcripts & SSN Validation – No delays yet, but this could change.
Bottom line: Delays are possible, but solutions exist. Our team at Global State Mortgage powered by APM is here to guide you every step of the way.
👉 Realtors, share this with your clients so they’re prepared.
👉 Borrowers, reach out with any questions, we’re ready to help.
https://www.Globalstatemortgage.com
515-233-5046
Equal Housing Lender | NMLS #1850 | NMLS ID: 214640
https://www.nmlsconsumeraccess.com
