Government Shutdown: Can you close if you work for the Government?

By
Mortgage and Lending with HomeBridge Financial Services (NJ) NMLS 248937

 

You work for Uncle Sam... You are not receiving a pay check and you are buying a home.  NOW WHAT?

 

There is some good news here for most home buyers.  If you are buying a home and financing with any agency loan (effectively Fannie, Freddie, Ginny- FHA, VA, Conventional, USDA) You will be OK.  The vast majority of Mortgages typically fall into the agency products listed above.

With Agency products, you remain eligible even if not receiving pay.  As a lender, we will still need to complete pre-closing verification of employment and we cannot know of any specific reason why you would not return to your job after the shutdown.

 

For any private lending scenarios, that will be a case by case scenario, if you fall into this category you will need to contact your Mortgage Loan Originator and have that conversation 

 

Call me for all your residential lending needs!

 

Robert Rauf 
Mortgage Loan Originator NMLS# 248937
http://www.homebridge.com/RobertRauf 
or my blog: http://activerain.com/blogs/rrauf 
Office: (732)908-4868  Cell (732)740-0175 

RRauf@HomeBridge.com 
www.RobertRauf.com
 
 

Since 1987 I have been helping my clients fulfill their dream of home ownership! HomeBridge Financial Services, Formerly REMN, HomeBridge Financial Services is located at 9 Grand Ave, Building 2 Suite A Toms River, NJ 08753. NMLS #6521. New Jersey Licensed Lender and Mortgage Banker #L041053. Visit www.Homebridge.com for more information. NJ Mortgages, New Jersey Mortgages, Mortgages in NJ, mortgage in New Jersey, Mortgages in New Jersey, Toms River NJ 08753, Toms River NJ 08755, Brick NJ 08723, Brick NJ 08724 Mortgage in Ocean County NJ, Mortgage in Monmouth County NJ, Jackson NJ 08527, Howell NJ 07731, Lacey 08731 08734, Beachwood 08722 Bayville 08721, Manchester 08757 08733, Manahawkin 08050, Robert Rauf is a Licensed Mortgage Loan Originator in New Jersey

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Mortgage / Finance
Groups:
Real Estate Rookie
Real Estate Professionals
Tags:
fha
income
usda
conventional
va
government shutdown

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
267,471
Eleanor Thorne
Equity Resources - Cary, NC
Equity Resources 919-649-5058

Great information Robert Rauf not all Lenders offer the same opportunitites to help this important group of folks working for the Government!  Thanks for the update!

Jan 09, 2019 11:18 AM #1
Rainmaker
716,203
Robert Rauf
HomeBridge Financial Services (NJ) - Toms River, NJ

Hi Eleanor Thorne - thankfully we are a direct lender so for agency we are able to move forward with minimal issues.  Happy New Year!

 

Jan 09, 2019 01:57 PM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
716,203

Robert Rauf

Ask me a question
*
*
*
*
Spam prevention

Additional Information