Anyone else worried? (re: Government shut down)

posted 3 years ago in Home
Post # 3
Member
729 posts
Busy bee
  • Wedding: October 2012

Are you asking if anyone else is worried about the government shutdown? Like, the effects of it? Isn’t it a given that the whole country is worried about it? Maybe it’s because I live in the DC area and used to work for the government, still know a lot of people who work for the government, and we’ve all spent over 2 years being worried about government shutdowns at this point.

Post # 4
Member
1506 posts
Bumble bee
  • Wedding: December 2014

@mrscash:  …I don’t know what you want us to say…?

Post # 5
Hostess
24457 posts
Honey Beekeeper
  • Wedding: June 2009

I think you may have trouble getting a loan while the government is still shut down.  I have heard FHA loan processing will be at a minimum.  Hopefully, you can push your closing out a bit for the shutdown to be resolved.

Post # 6
Member
825 posts
Busy bee

@mrscash:  This.

I just moved to Michigan from Washington, DC and FI still works for the government (USGS). While the Government voted to back-pay federal employees, I’m not sure if it will be in time for us or my friends who are still in DC to make rent/mortgage/car/other vital bill payments.

Post # 7
Member
1626 posts
Bumble bee
  • Wedding: November 2013

@beeintraining:  They haven’t actually passed anything in terms of back pay, at least not that I read. I read that the HOUSE passed a bill, but the Senate and the President have as yet done nothing. So that’s technically not a guaranteed pass.

OP, everyone is worried down here. Can we pay rent/mortgage/bills? How long will this take? I think the majority of us directly employed are more worried about whether we can meet our obligations as opposed to whether we can get a home loan right now.

Post # 9
Member
7281 posts
Busy Beekeeper
  • Wedding: October 2011 - Bed & Breakfast

@irishphoenix:  I hope your offer goes well. If you have another 1.5% downpayment (so 5% total), it may be worth your while to investigate conventional mortgage options so that you are not dependent on skeleton crews slowly processing FHA documents.

Post # 11
Member
7281 posts
Busy Beekeeper
  • Wedding: October 2011 - Bed & Breakfast

@irishphoenix:  Our lenders didn’t have a need to verify our taxes, and we worked closely with 4 different lenders over the course of things. I’ve honestly never heard of that. They verified our employment by calling our employers just to ask “Is Mrs. LK currently employed by you?”, and they verified our income by looking at several years of tax returns + years of W2s + months of pay stubs, but never anything about verifying our tax returns.

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