Adrian Westfield - Account Manager

If Congress doesnt reach a debt ceiling agreement by midnight a government shutdown may begin. Well here's what it may mean for your pipeline:

Conventional (Fannie/Freddie) - No impact.

Ginnie Mae - Will continue issuing securities.

VA Loans - Still operational, but appraisals may take longer.

FHA Loans - Single-family loans can continue to close. Some condo approvals and staff responses may be delayed.

USDA Loans - No new commitments or guarantees will be issued during shutdown. Loans with existing commitments can still close, and USDA will guarantee them once operations resume.

Tax Transcripts - IRS expects to remain fully operational - no disruption anticipated.

Social Security Validation - No change - validations must still be received prior to closing.

Flood Insurance - NFIP may pause new or renewal policies. Private flood coverage is an option.

Borrowers with Federal Employment - If furloughed, income cannot be used for qualification until they return to work.

We all hope this is not the case but may it happen please do not hesitate to reach out to me with any questions or concerns.