Partial government shutdown impacts USDA loans

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The impacts of a continuing partial government shutdown are being felt here in North Central Washington. Especially if you do business with the U.S. Department of Agriculture’s Farm Service Agency.

Partial government shutdown impacts USDA loans

The U.S. Department of Agriculture will not issue new USDA Direct Loans or Guaranteed Loans.

Scheduled closings of Direct Loans are being canceled and unless your guarantee was previously issued for a Guaranteed Loan, those may or may not be closed, depending on the lender.

Check with your lender immediately if you’re getting a USDA loan or had planned to use the program to buy a home; you might have to put off your purchase until the shutdown is resolved.

Also, FHA loan processing could also be delayed due to staffing shortages. VA loans are not affected by the shutdown.