Shutdown hurting more than just government employees

Thursday, October 3, 2013 - 8:18pm

It's been 3 days since almost 900 civilian employees at Barksdale Air Force Base were put on furlough, and it doesn't look like there is an end in site with the battle continuing in Washington D.C.

However, the civilian staff at Barksdale aren't the only locals hurt because of the government shutdown, many potential home buyers are feeling the sting.

Jaclyn Litton-Briery, of Litton Mortgage, doesn't foresee a problem with funding many of the government home loans, with one exception; the Department of Agriculture's Rural Development loan.

These loans account for 20-25% of her annual funded loans. They allow 100% financing some some as long as the house purchased is outside of the city limits of Shreveport and Bossier City.

However, with the USDA closed, the loans aren't able to be funded. 3 days in to the shutdown, this hasn't been a problem, but it could be, depending on how long the shutdown lasts.

Litton-Briery is planning in advance, making sure all other paperwork is in order, so when the shutdown ends, the USDA Rural Development loans can close within 48 hours.


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