Derek McGowanLoan Officer / Owner, McGowan Mortgages · Branch Manager & Top-Ranked Mortgage Advisor

🚨 The government might’ve shut down… but your home loan DIDN’T! 🏠💪 #mortgage #residentialmortgage

11 Oct 2025

Watch on YouTube

A short YouTube monologue by Derek McGowan explaining that a government shutdown does not stop most home lending activity: conventional loans, FHA, VA, bank-statement loans, non‑QM, DSCR, and HELOCs continue normally. Exceptions include USDA loans (suspended), FEMA-managed flood insurance/flood-zone services (paused), and potential difficulty obtaining IRS tax transcripts while the IRS is closed. The speaker reassures viewers this situation has occurred before and typically resolves relatively quickly.

Questions this video answers

USDA loans are shelved/paused.

FEMA-managed flood insurance/flood-zone services are on pause.

IRS tax transcripts may be difficult to obtain.

Government might have shut down, but your home loan didn't. For most all loan programs, it's business as usual. Conventional FHA, VA bank statement loans, any kind of non QM, DSCR, HELOCs, all of that is just like it normally is. Only programs that have some impact are USDA loans. So those are shelved. They're on the sideline right now. And if you need to get flood insurance, fema, which oversees the flood zones, it's on pause as well because that's a government agency. And getting tax transcripts might be a little bit difficult while the IRS is shut down. But we've seen this happen before. We've weathered these storms. Usually it gets figured out relatively soon. So it's business as usual in the housing and mortgage world.