CAPE GIRARDEAU, MO (KFVS) - With the US government on the brink of a shutdown, many people are asking "how will this affect me?" The good news is, probably not too much.
Many government services will continue. Social Security will not be affected, mail service will continue, local FBI agencies will still be up and running. You'll still be able to get a concealed carry permit, and federal court buildings' doors will remain open. Plus, military members will still be on duty.
However, if you're hoping to buy a home with an FHA loan, it might take longer than you'd like.
"The problem with FHA, of course, is it's a federal program," Loan officer Sharon Hopkins said.
If the government shuts down, these loans will not be processed.
"That's not to say we wouldn't take your application, we would just advise you that it would take quite a while to get processed," Hopkins said. "If they come back and run the next day, wouldn't be much of a glitch at all, depending on how long they're down, it's going to start causing a back up because those that are in the pipeline right now, if they're not closed today they're not going to close."
Hopkins says FHA loans usually take up to six weeks.
"We can't even make an estimate now, but if you were within a week or so of closing you're going to be very frustrated as a purchaser knowing you don't know when it's going to close," Hopkins.
If you're planning to apply for an FHA loan, Hopkins recommends that you do not wait until after the shutdown is over.
National Parks and museums will also be closed during the shutdown.