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USDA Buyers Stuck in Limbo as Shutdown Hurts Housing

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But the government shutdown has gotten in the way. The couple needs the U.S. Department of Agriculture to help finalize their mortgage that is guaranteed by the agency. But the USDA’s operations have been closed for 13 days,so the couple and their five children remain in limbo. "We’re living out of boxes.

In a hastily-arranged event that was added to his public schedule at midnight the night before, McCain pledged to do three things if he is elected president: protect investments, rescue the housing.

A government shutdown would mean parts of major federal agencies, would shut down, and that could have a huge impact on home buyers.. If the shutdown drags on, people selling their homes may take an offer from someone who has all cash versus someone who needs a loan and is stuck in limbo.

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As the government shutdown continues, would-be homeowners are stuck waiting on USDA aid Last year, the agency provided housing assistance worth $18.4 billion in home loans, loan guarantees and grants..

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USDA Buyers Stuck in Limbo as Shutdown Hurts Housing: Mortgages Jacob Smith, a 25-year-old Florida firefighter, wasn’t paying much attention to the U.S. government shutdown until it threw his move to a new three-bedroom home near Daytona Beach into limbo.

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