Government Shutdown: What First-Time Home Buyers Need to Know
✅ What's Still Working
✅ Conventional Loans
✅ FHA Loans
✅ VA Loans
✅ Jumbo Loans
✅ Non-QM Loans
⏸️ USDA Is Paused
- USDA is the only loan that requires approval directly from the government
🌊 Flood Insurance Is Paused But…
- National Flood Insurance Program is paused
- Just prove that you applied and it’s verified after shutdown
👥 Furloughed Employees Get Waiver
- Verbal employment verification waived
- Older paystubs can be used
- If shutdown is still in effect 11/3/25, reserves can be required
📈 Rates Could Jump
- Shutdowns typically have little effect on rates
- A longer shutdown could add pressure to rates and make them volitile