The Federal Government has been in a shutdown now for over 30 days. I believe the impacts are now further reaching because of growing fears about the state of the economy with second paychecks going unpaid and impacts to government contracts and their associated employees.
It has been reported that Buyers purchasing homes who are relying on FHA, VA, or USDA loans are at a disadvantage to those buying with a conventional mortgage because of fears by Sellers that delays and complications are likely or imminent. Flood insurance has been more difficult to process since the Federal Government shut down. Borrowers obtaining necessary IRS tax return transcripts & employment verifications have also experienced delays or have had to work with lenders to navigate alternative measures. Naturally, borrowers on mandatory furlough must return to work before closing on a purchase to use their income for qualification purposes.