Scott SelleckBroker / Sales Associate / Transition Advisor, The Selleck Group, KW City Views Realty · Scott Selleck | Trusted Bergen County Realtor | Keller Williams City Views Realty, Fort Lee NJ

US Loans Frozen: Massive Delays & Flood Insurance Issues! #shorts

28 Oct 2025 · 1 min

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0:44

Tim Urban breaks down how the government shutdown froze USDA loans, delayed FHA and VA processing, and let flood insurance lapse. About 3,600 home closings are affected daily, with $1.6 million in transactions stalled. Waterfront properties near the Hudson River are hit hardest.

Questions this video answers

Since September 30th.

About 3,600 homes closing daily.

About $1.6 million in transactions every day.

Described as completely frozen.

Major processing delays with skeleton crews attempting to process loans.

Here's a concrete problem. USDA loans completely frozen. No new loans are at all out there. FHA and VA loans, major processing delays with skeleton crews trying to get these things through. Flood insurance. The National Flood Insurance programs have completely lapsed since September 30th. If you're buying near Hudson river, near the Hudson river or the Edgewater waterfront communities, your lender requires flood insurance. Right now, flood insurance isn't available and the these areas with the shutdown. This is affecting 3,600 homes closing daily nationwide right now and about $1.6 million in transactions every day.