USDA Buyers Stuck in Limbo as Shutdown Hurts Housing

 · (NECN: Amy Sinclair) – The partial government shut down is having a chilling effect on the housing market, especially in rural New England. Thousands of first-time home buyers.

The Battle Ground couple’s new, $227,000 Woodland home is nearing completion while their USDA-backed mortgage loan is stuck in limbo, a casualty of the government’s Oct. 1 closure.

With an annual income of up to $500,000 this business employs up to 4 associates. Moody Family Housing is a public business and is considered small. Moody Family Housing is located in Provo. USDA Buyers Stuck in Limbo as Shutdown Hurts Housing – "The whole company has a ton of USDA-eligible areas," Clarkson said. "We take out construction loans or sometimes we build out of our own cash.

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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 .4 billion in home loans, loan guarantees and grants.

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.

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 · The government shutdown is creating delays for house buyers, particularly in parts of Minnesota outside the Twin Cities. It is also slowing financing for.

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