10/01/2025
🚨 Government Shutdown & Real Estate: What You Need to Know 🚨
A government shutdown has gone into effect, and while not everything in real estate is impacted, there are some important things buyers, sellers, and homeowners should be aware of:
🔹 USDA Loans – Processing and closings could be suspended.
🔹 Flood Insurance (NFIP) – New policies can’t be issued, renewals are paused, and loans that require new coverage can’t close until reauthorization.
🔹 IRS Delays – Expect longer turnaround times for income verification (tax transcripts).
🔹 Social Security Verification (SSA-89) – Could see delays.
🔹 Federal Employee Income – If borrowers are furloughed, their income may not be usable until the government reopens.
👉 What this means for you:
If you’re in the middle of a home loan process—or planning to start soon—be aware that these issues could cause delays. The good news? Not all loan programs are affected, and we’re here to help you navigate through it.
đź’¬ My job is to keep you updated and ensure you understand how this may (or may not) affect your specific situation. Communication is key!
📲 If you or someone you know is in the middle of buying, selling, or refinancing, reach out—I’m happy to explain how this could impact you.
