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Schumer warns that NYC residents will soon feel pain of government shutdown – New home loans are not being processed at all, and "loans in queue are at major slowdowns," Schumer said. In 2018, 28,900 FHA loans were made in New York. The ongoing U.S. Census has also been.

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Federal Housing Administration (FHA) Loans This type of loan guarantees mortgages, it does not lend money. The FHA loan allows home-buyers to allocate up to 56 percent or 57 percent of their income on monthly debt responsibilities.

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