Wednesday, January 23, 2019

Ohio Realtors president: Shutdown slows FHA loan approvals

Roughly 1 in 5 homebuyers rely on the help of an FHA loan, which is basically a mortgage that's insured by the Federal Housing Administration. But since the partial government shutdown went into effect 33 days ago, delays in the approval process are starting to stack up, WVXU reports. “FHA doesn't have a full staff to be processing loans, so it's slowing down the lending process,” said Anjanette Frye, president of the Ohio Realtors, a state real estate trade association. “And there's not really…

from DIYS http://bit.ly/2MskfEz

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