Some loans are delayed, some aren’t — here’s what you need to know if you’re buying, refinancing, or under contract right now.
If you’re seeing this, it likely means the federal government is still shut down — and you’re wondering how that affects the home buying process.
The good news? Most loans are still moving forward.
The not-so-good news? Some delays are possible, especially with certain loan types or if you’re buying in a flood zone.
Here’s what you need to know:
If You’re Under Contract
FHA or USDA Loans
- These loans are backed by government agencies that are currently short-staffed.
- That means slower processing, especially for appraisals and final approvals.
- Be prepared for possible delays — your lender and agent can help you adjust timelines if needed.
Buying in a Flood Zone?
- If your home needs flood insurance, you might hit a snag.
- The National Flood Insurance Program (NFIP) isn’t issuing new policies during the shutdown.
- That could delay closing until the program is funded again.
VA or Conventional Loans
- Good news: VA loans are still moving forward.
- Same for conventional loans backed by Fannie Mae or Freddie Mac — they’re not affected by the shutdown.
If You’re Still Shopping
Rates May Drop a Bit
- Mortgage rates are tied to the economy — and shutdowns usually create uncertainty.
- That can cause rates to dip slightly, at least for a little while.
- If you’ve been on the fence, this could be a great time to get pre-approved and run the numbers again.
Keep in Mind
- Lenders and agents are navigating the shutdown too.
- Ask questions and stay flexible — things are still moving, but timelines may shift slightly.
Bottom Line:
The government shutdown isn’t stopping home loans — but it’s slowing some of them down.
If you’re using an FHA, USDA, or flood insurance loan, or you’re just getting started, now’s the time to ask questions and make sure you’re prepared.
✅ Need help figuring it out?
Call us at (830) 402-4284 or visit NovumHomeLoans.com — we’re happy to help you make sense of what’s changing (and what isn’t).
