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Old 09-23-2013, 01:17 PM
 
2 posts, read 1,007 times
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We are scheduled to close on a house at the end of October. We are going with a USDA loan, and we have cleared underwriting with a few conditions (missing documents). We've gotten all of the documents in, and I think we're good to go now. My question is, what kind of impact could a government shutdown have on us at this stage? I've read their shutdown procedures, and I see the section saying that no new loans would be issued, but where is the line drawn? I'm hoping that we will be ok since we've already cleared underwriting...

Last edited by bu11DawgNC; 09-23-2013 at 01:35 PM..
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Old 09-25-2013, 07:28 AM
 
775 posts, read 960,504 times
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It depends on the what the President decides is essential services. You won't know until next week.

A. What he decides to do will depend on polls. If the people believe that the shutdown is the republicans fault, the president has the power to inflict as much pain on the people as he wants.....it's the repulicans fault afterall.


B. If the polls say that the democrats are at fault, checks will go out, less services will be impacted. The president will want to inflict as little pain on his party as possible.


IMO, A. is more likely, but you won't know your impact for a while either way.
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