Federal Government shutdown and their effect on FHA, VA, USDA loans in Kentucky

 

Federal Government shutdown and their effect on FHA, VA, USDA loans in Kentucky

This morning at 12:00am the Federal Government was shut down.

 

 The following is what we know, so far, about what the impact will be to our loan production efforts. 

 

FHA- While the FHA offices are open with a reduced staff, the automated systems are 

currently up and running. We should be able to obtain case numbers and perform other 

functions that require the FHA Connection website. 

 

VA- VA has notified lenders that they will be operating at full staff and as usual to serve 

our Veterans.

 

USDA- USDA offices are closed during the shutdown. No conditional commitments can 

be obtained and Crescent cannot close loans without an executed conditional 

commitment from USDA. Also note that GUS is not available during the shutdown and 

we will be unable to make corrections in the automated system.

 

IRS – The IRS offices are also closed. We will submit 4506T requests to our vendor as 

normal to be delivered to the IRS when as they reopen. 

 

 

Your business is very important to us and we will work to provide you with updated 

information when it becomes available. 

Joel Lobb (NMLS#57916)
Senior  Loan Officer

502-905-3708 cell

502-813-2795 fax

kentuckyloan@gmail.com

Key Financial Mortgage Co. (NMLS #1800)*
107 South Hurstbourne Parkway*

Louisville, KY 40222*

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9 thoughts on “Federal Government shutdown and their effect on FHA, VA, USDA loans in Kentucky

  1. Update on Rural Development Operations

    Due to a lapse in appropriations for Rural Development as of October 1, Rural Development has initiated the process of orderly shutdown of nonessential operations. You can view USDA’s plans for a lapse in appropriations at http://www.whitehouse.gov/omb/contingency-plans .

    We understand the uncertainty that the current circumstances present for Americans that USDA serves every day, as well as our many partners around the country. Effective today, many Rural Development staff will be furloughed pending reinstatement of funding by Congress. These staff will not be available by phone or email, and cannot carry out work for the Agency, until funding is restored.

    In Rural Development, this means that many services will be delayed or interrupted. For example, Rural Development will not be able to make any new loans or grants; the only exceptions will be for emergency purposes and to protect the Government’s interest.

    We are committed to keeping you as up to date as possible, within the limits of current circumstances.


    Joel Lobb (NMLS#57916)
    Senior Loan Officer
    502-905-3708 cell
    502-813-2795 fax
    kentuckyloan@gmail.com

    Key Financial Mortgage Co. (NMLS #1800)*
    107 South Hurstbourne Parkway*
    Louisville, KY 40222*

    http://mylouisvillekentuckymortgage.com

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