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Government shutdown delays some loans
The government shutdown is approaching Day 4.
With parts of the IRS and USDA remaining closed, some people worry about delays taking out a loan or mortgage.
With parts of the IRS shut down, a critical tax form to take out a mortgage can't be verified for lendors.
This could create delays closing a loan.
The president of Homestead Mortgage in Beaumont, Dave Faul, says that thanks to banks' suspension on that requirement for his business, he's seeing little impact from the shutdown.
He even says, it's a good time to buy a home.
Where Faul is seeing an impact is in rural areas.
Loans through the USDA are stalled while that department remains shutdown.