USDA Buyers Stuck in Limbo as Shutdown Hurts Housing

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Now, potential buyers are waiting in limbo for the government to reopen, leaving their futures and the housing recovery up in the air. Shut-down Slams Door on USDA Mortgages – daily yonder [imgbelt img=usda_loans01.jpg] Last year USDA-guaranteed loans helped inject new vitality into the flagging housing market.

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My boyfriend and I are first time home buyers and had an offer accepted two days ago. The mortgage provider hasn’t brought up a 4506-T form yet, but the bf has been doing a lot of research and found they’re extremely common for verification of income. As luck would have it, the IRS ain’t doing squat right now due to the government shutdown.

As the government shutdown continues, would-be homeowners are stuck waiting on USDA aid Last year, the agency provided housing assistance worth $18.4 billion in home loans, loan guarantees and grants.

USDA loans (Rural Development Mortgages) provide a zero down. can rest a little easier knowing that homes they are looking to buy won’t. USDA Buyers Stuck in Limbo as Shutdown Hurts Housing – USDA loans account for. we’re going to have a home tied up and won’t be able to get this house turned over to the new buyer." The immediate effect.

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The partial shutdown has put Mark Moore’s government contract bids in limbo. Moore’s company, kavaliro staffing services, based in Orlando, Fla., is awaiting a decision on more than $500,000.