Navigating Mortgage Payments During the Government Shutdown

Practical Tips for Hampton Roads Homeowners

If you or someone you know works for the federal government, a contractor, or any business affected by the current government shutdown, you’re not alone and you’re definitely not the only one worried about making that next mortgage payment.

As a local real estate professional here in Hampton Roads, I’ve heard from many of my past clients who are feeling the stress of delayed paychecks and financial uncertainty. The good news? There are real, actionable steps you can take right now to protect your home and your peace of mind.

Let’s walk through a few ways to stay ahead.

1. Contact Your Mortgage Servicer Immediately

Your lender or servicer wants to hear from you before a payment is missed. Call them as soon as possible and explain that you’ve been impacted by the shutdown. Ask questions like:

• “Do you offer any forbearance or hardship relief options?”
  
  
• “Can late fees or credit reporting be temporarily waived?”
  
  

Many lenders have programs in place specifically for federal employees or contractors during shutdowns.

2. Document Your Situation

If your income is paused or reduced, keep any official documentation; furlough letters, payroll statements, or employer notices. Having clear proof of hardship can make it easier to qualify for relief programs or temporary payment adjustments.

3. Ask About Forbearance or Temporary Payment Plans

Forbearance allows you to pause or reduce mortgage payments for a short period of time without damaging your credit (if arranged properly). It’s important to ask:

• What happens after forbearance ends?
  
  
• Will I owe the missed payments all at once, or can they be added to the end of the loan?
  
  

Understanding the repayment structure upfront helps you avoid surprises later.

4. Prioritize the Mortgage in Your Budget

If you’re juggling which bills to pay first, focus on keeping your mortgage current if at all possible. Your home and credit are foundational assets that can be harder to recover if they slip behind.

5. Explore Emergency Resources

Many financial institutions are offering short-term help during the shutdown, including:

• Payment deferrals or loan extensions
  
  
• Zero-interest emergency loans for federal employees
  
  
• Waived late fees and overdraft protections
  
  

If you’re military-affiliated, also check with your branch relief society or credit union as they often have additional support options.

6. Use Short-Term Funds Wisely

If you have a savings cushion, home equity line of credit (HELOC), or low-interest credit option, consider whether it makes sense to use it temporarily, but avoid high-interest payday loans or cash advances. A short-term solution should never create a long-term burden.

7. Stay in Touch and Seek Guidance Early

The biggest mistake borrowers make is waiting too long to ask for help. Staying proactive shows lenders you’re serious about resolving the issue, and that can make a world of difference in the options available to you.

If your financial picture changes and you’re considering a move, refinance, or temporary rental strategy, let’s talk. Together, we can explore what makes the most sense for your situation.

8. Remember: You’re Not Alone

The Hampton Roads community is strong, and so many of us, especially those in military and federal families, have weathered challenges like this before. With clear communication and smart planning, you can stay on track and protect your home during this uncertain time.

💬 Need Guidance or Local Support?

I’m here to help you navigate not just buying and selling homes, but all the moments in between. If you’d like to talk through your options, whether that’s relief programs, refinancing, or simply budgeting advice, don’t hesitate to reach out.

Harley Munro
The Verity Group | Hampton Roads Real Estate
📞 (757) 505-7177
📧 harley@veritygroup.pro
🌐 https://harley.veritygroup.pro/

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