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