Call Us 610-449-2600
  • Home
  • Pressroom
  • About
    • Meet Kevin
    • Happy Customers
    • About Long & Foster
    • Newsletter Sign Up
  • Real Estate Blog
    • Home Buyers
    • Open Houses
    • Home Sellers
    • Listings
    • Recently Sold
    • My Realtor Experiences
    • Fix It -DIY Stories
    • Around the Area
  • Contact

Main Line Real Estate | Kevin Toll

  • Havertown
  • Main Line
    • Col-1
      • Ardmore
      • Bala Cynwyd
      • Berwyn
      • Bryn Mawr
      • Devon
      • Gladwyne
      • Haverford
    • Col-2
      • Malvern
      • Merion Station
      • Newtown Square
      • Paoli
      • Penn Valley
      • Philadelphia
      • Radnor
    • Col-3
      • Rosemont
      • St. Davids
      • Valley Forge
      • Villanova
      • Wayne
      • West Chester
      • Wynnewood
  • Philadelphia Area
    • Fairmount-Art Museum-Spring Garden
  • Chester CTY.
    • Berwyn
    • Chester Springs
    • Devon
    • Downingtown
    • Exton
    • Glenmoore
    • Malvern
    • Phoenixville
    • Spring City
    • West Chester
  • Delaware CTY.
    • Ardmore
    • Broomall
    • Chadds Ford
    • Glen Mills
    • Havertown
    • Media
    • Newtown Square
    • Rosemont
    • Villanova
  • Montgomery CTY.
    • Bala Cynwyd
    • Blue Bell
    • Collegeville
    • Conshohocken
    • Fort Washington
    • Gladwyne
    • Lafayette Hill
    • Merion Station
    • Penn Valley
    • Plymouth Meeting
    • Pottstown
    • Trappe
Tuesday, 08 October 2013 / Published in Home Buyers

What does the government shutdown mean for mortgages?

If you are a potential homebuyer, read below to see how the government shutdown may effect services you are interested in using to help purchase your home;

*         FHA Case numbers can still be obtained – Calling for escalations or questions has been case by case according to the HOC location.

*         VA Case numbers can still be obtained.  If a DD214 is needed or have to escalate for any reason there is no support available.

*         USDA – Not available for GUS approvals.  Opening will perform all other tasks associated with this loan and continue to hold until USDA is available

*         4506T – IRS – Not available

o   All loans submitted on or before, September 30, 2013 were ordered.

o   All loans ordered on or after, October 1, 2013 will be processed as usual and underwriting will condition for the tax transcripts.

*  Self employed borrowers: the full tax returns from the borrower must be in the file.

*         SSV – Not available.

o   All loans will be processed as usual and underwriting will condition.

*         Written VOE’s on government employees

o   Requests will still be made as some employees are working (i.e. military, essentials)

o   Underwriters will use income supplied and will condition for written VOE prior to final underwrite.

*         Verbal VOE’s.

o   In any event if it is confirmed that the borrower is furloughed (or we cannot confirm they have not been furloughed) that income cannot be used to qualify the loan.  Closing will be delayed.

*         Flood insurance is required and not yet obtained the closing will be delayed until flood insurance is received

Be sure to consult your mortgage company to see how they are handling the government shutdown and how it might effect their lending abilities.

Tagged under: government shutdown, government shutdown effect on mortgages

Archives

  • (-) 2018
    • Mar
  • (+) 2017
    • Nov
    • Oct
    • Sep
  • (+) 2016
    • Sep
    • Aug
    • Jul
    • Jun
    • May
    • Apr
    • Mar
    • Feb
    • Jan
  • (+) 2015
    • Dec
    • Oct
    • Sep
    • Jul
    • Jun
    • May
    • Apr
    • Mar
    • Feb
    • Jan
  • (+) 2014
    • Dec
    • Nov
    • Oct
    • Sep
    • Aug
    • Jul
    • Jun
    • Apr
    • Mar
    • Feb
    • Jan
  • (+) 2013
    • Dec
    • Nov
    • Oct
    • Sep
    • Aug
    • Jul
    • Jun
    • May
    • Apr
    • Mar
    • Feb
    • Jan
  • (+) 2012
    • Dec
    • Sep
    • Apr
    • Mar
    • Feb
    • Jan
  • (+) 2011
    • Dec
    • Nov
    • Sep
    • Aug
    • Jul
    • Jun
    • May
    • Apr
    • Mar
  • (+) 2010
    • Nov
    • Oct
    • Sep
    • Aug
    • Jul
    • Jun
    • May
    • Feb
    • Jan
  • (+) 2009
    • Nov
    • Oct
    • Sep

Contact Us

Kevin Toll Group, LLC 
Long & Foster RE, Inc.
Cell: 610.609.1096
Office 610.449.2600
Email: kevin.toll@nullLongandFoster.com

Find Your HomeContact Kevin Now

Serving the Greater Philadelphia Area, Suburbs, South New Jersey & Delaware

The Kevin Toll Group

Kevin Toll Group, LLC
Team Leader and Recruiter  |  Long and Foster Real Estate, Inc.
Cell: 610.609.1096  |  Office 610.449.2600  |  Email: kevin.toll@nullLongandFoster.com

Office – Havertown / Owner

95 S. Eagle Rd
Havertown, PA 19083
Office: 610.449.2600
Fax: 610.225.7401

Office – Main Line

92 Lancaster Avenue
Devon, PA 19333
Office: 610.225.7400
Fax: 610.225.7401

Office – Center City

170 S. 6th, STE L-10
Philadelphia, PA 19106
Office: 215.409.6900
Fax: 610.225.7401

Office – New Jersey

92 Lancaster Avenue
Devon, PA 19333
Office: 610.225.7400
Fax: 610.225.7401

  • GET SOCIAL
Main Line Real Estate | Kevin Toll

Kevin Toll Group, LLC | Long and Foster Real Estate, Inc.
Pennsylvania License #RS306972
Powered by: FireDrum Internet Marketing

TOP