The government shutdown is causing a lot of confusion among homebuyers who are wondering whether they can get home loan approval or how to even make mortgage funding possible.  Even though the FHA bureaucracy may be moving more slowly, Ric Dizon is on the job to get homebuyers the best rates possible for their home loans.

While other mortgage brokers are discouraging their customers about getting home loan approval from the FHA, I am prepared to do whatever is necessary for my clients to make mortgage funding possible.  Even with me on your side, there may be some cases where extra documentation is necessary, but we will get through it together.  It might even be the case, though this is probably rare, that home loan approval will only be possible after the government shutdown is over.  This will affect homebuyers who are working with lenders who obtain verified tax returns directly from the IRS.  This may not be possible until the government reopens, although other loans will still be able to fund under the FHA’s existing requirements.

The other issue that may affect FHA home loan approval is if the borrower’s name and Social Security number failing to pass validation with the Social Security Administration.  If the failure to obtain validation was due to the government shutdown, additional documentation can be submitted, so even this hurdle can be overcome.  If the FHA believes that the documentation complies with HUD’s regulations, the borrower can STILL get home loan approval.

Don’t get discouraged by the government shutdown!  Call me today and let my expertise,  hard work, and willing aloha spirit  make mortgage funding possible for you!

More information can be found in Part 1 of this series.