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The partial Federal government shutdown has affected many. It has had an effect on the real estate market and had created some challenges. It has not stopped the approval of mortgages with exception of rural USDA loans. The Internal Revenue Service is open to verify income.


WASHINGTON – Jan. 15, 2019 – While the partial government shutdown did not affect conventional home loans, some lender requirements were impacted, such as an IRS-based system to verify borrowers’ incomes. When the Internal Revenue Service shut down, lenders lost the ability to verify incomes and had to create alternate systems.

However the U.S. Department of the Treasury says it will again verify incomes even through the government shutdown.

“While the IRS remains closed during the partial government shutdown, the agency recognizes the immediate hardship incurred if information is not available through the Income Verification Express Service (IVES) program as well as by taxpayers who have been unable to certify their residency in the United States for certain tax treaty benefits or by those who have been unable to obtain photocopies of tax returns,” the department said in a statement.

That is good news.

I am still here to serve you and work through any challenges. I have mortgage lenders willing to take applications. There are homes to buy and there are buyers looking for homes. Mortgage rates are down.

If you are currently considering buying or selling, please call, text, or email me. If you have family or friends that want to buy or sell, please refer me to them. I would really appreciate it.