Posts with tag 'Government Shut Down'

Fredericksburg, VA. had a great real estate market which dictated a strong seller's market with low inventory over the summer and up to the Federal Government Shut Down. Home buyers were advised to go home and not return until notified. Their wages were frozen. Mortgage lenders could not get final underwriting approval based on the buyers not working. The real estate activ...

With the government shutdown looking eminent, I wanted to share with you some information regarding how this may impact the real estate market. Here is a quick rundown of possible implications:

For Loans Already in Process:

Conventional, VA, FHA, and VHDA will run as normal with little to no effect on mortgage underwriting or closings.

USDA RD - USDA has not issued...

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