Business

Homebuyers brace for impact: How the government shutdown could stall loans and closings nationwide

Homebuyers brace for impact: How the government shutdown could stall loans and closings nationwide

The government shutdown is slowing home loans and closings. FHA, VA, and USDA loans may take longer, and flood insurance delays can stop deals. Federal workers face pay issues, affecting local housing markets. Homeowners should contact lenders early and use hardship programs. Buyers may need backup plans, and mortgage rates could dip slightly, but refinancing is not always easy.

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