Zillow Advice: Approval Process - Furloughed after loan approval, can we still close? http://www.zillow.com/advice-thread/Furloughed-after-loan-approval-can-we-still-close/514299/ Zillow Advice | Zillow Real Estate I know in my area, the lenders ... http://www.zillow.com/advice-thread/Furloughed-after-loan-approval-can-we-still-close/514299/ <p>I know in my area, the lenders are on top of the minute to minute changes in this regard with the shutdown of the government, so your lender should be able to provide you up to the minute guidance as to whether you will be able to proceed to closing.&nbsp; Good luck!</p> Fri, 11 Oct 2013 18:17:00 GMT http://www.zillow.com/advice-thread/Furloughed-after-loan-approval-can-we-still-close/514299/ 2013-10-11T18:17:00Z We live in a military town, ... http://www.zillow.com/advice-thread/Furloughed-after-loan-approval-can-we-still-close/514299/ We live in a military town, so my loan officer and everyone at Wells Fargo already knew. Their only question was which boat my husband fell into:<br/><br/>A. Not furloughed<br/>B. Furloughed, but returning to work on Monday after they ordered DoD employees back to work<br/>C. Stay home until the budget mess is fixed<br/><br/>Employment verification was already done and we happened to be in the boat where he was ordered back after 4 days at home. There have been no delays and we're hoping to get our clear to close today. Fri, 11 Oct 2013 17:26:00 GMT http://www.zillow.com/advice-thread/Furloughed-after-loan-approval-can-we-still-close/514299/ 2013-10-11T17:26:00Z More info: just been furloughed ... http://www.zillow.com/advice-thread/Furloughed-after-loan-approval-can-we-still-close/514299/ More info: just been furloughed and have closing next week, loan is approved, employment was verified. Should I tell the lender? Is it fraud not to say anything, as I am still employed in the same position, just furloughed until the government reopens? Thu, 10 Oct 2013 22:57:00 GMT http://www.zillow.com/advice-thread/Furloughed-after-loan-approval-can-we-still-close/514299/ 2013-10-10T22:57:00Z We're in the same boat. Will ... http://www.zillow.com/advice-thread/Furloughed-after-loan-approval-can-we-still-close/514299/ We're in the same boat. Will filing for unemployment benefits during the furlough period impact the approved loan and closing? Will they show on the final credit report? Thu, 10 Oct 2013 21:55:00 GMT http://www.zillow.com/advice-thread/Furloughed-after-loan-approval-can-we-still-close/514299/ 2013-10-10T21:55:00Z By conventional I assume ... http://www.zillow.com/advice-thread/Furloughed-after-loan-approval-can-we-still-close/514299/ By conventional I assume you mean it's also conforming; if so, Fannie Mae has addressed this in their <a rel="nofollow" href="https://www.fanniemae.com/content/announcement/ll1308.pdf">lender letter LL-2013-08</a>:<br/><br/>Fannie Mae already allows the verification of employment to happen after closing and up to delivery of the loan. You should still be able to close if your lender has no additional overlays to Fannie Mae guidelines.&nbsp;<br/><br/>Show your lender the letter and see if they will adhere to Fannie's guidance on this.&nbsp; Sun, 06 Oct 2013 02:46:00 GMT http://www.zillow.com/advice-thread/Furloughed-after-loan-approval-can-we-still-close/514299/ 2013-10-06T02:46:00Z