We received the information below from Local Lenders at Mortgage Headquarters of Missouri Inc regarding the recent Government Shutdown. Nicholas and Tami Sutterer consistently provide timely and accurate information regarding all aspects of the Lending process. Although there will be delays on certain loans, an experienced lender will be able to walk you through the process!
Effective on December 22, 2018, the United States government has shut down. Due to Federal regulations prohibiting most government employees from working, some government lending programs will be affected.
Great news FANNIE & FREDDIE will have normal operations.
USDA will not be issuing loan guarantee’s which means USDA loan closings will be delayed ) prepare now USDA will be closed, this will cause a long term backlog on USDA Closings, even after the shutdown is over!
IRS TRANSCRIPTS are SUSPENDED, Loans that require Tax Transcripts could see delays (SELF EMPLOYED JUMBO BORROWERS WILL SEE DELAYS) additionally any file that requires Social Security Number Validations will see closings delays.
FHA will operate at Full Capacity at this time
VA – The VA Home Loan Guaranty Program will operate as normal.
Information provided by the following:
Nicholas & Tami Sutterer
Mortgage Headquarters of Missouri Inc
Sr Loan Consultants
Nick NMLS 283150 Tami NMLS 306049
(573) 302-9990 x 126
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