Federal USDA Home Mortgage Loans Being Processed Again

The federal government shutdown made it difficult for some real estate agents to close deals on certain properties, especially in rural areas. The shutdown lasted more than two weeks, causing delays for real estate agens across the country, whose clients are seeking federal loans. Unfortunately, the longer the federal government remained shut down, the more difficult it was to get certain paperwork and funding processed. During the government shutdown, United States Department of Agriculture (USDA) employees, which process loans for some rural real estate purchases, were furloughed without pay. It caused the agency’s loan processing to come to a near standstill. The shutdown kept the USDA from accepting new loans, and slowed the process to disburse...

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