But a shutdown could also seriously impact FHA's ability to police lenders and loan quality.
The FHA will continue to collect insurance premiums from borrowers during a shutdown as well.
There is not a lot of first-time home buying going on out there and particularly not a lot of FHA.
In 2009, the Federal Highway Administration (FHA) awarded Solar Roadways a contract to construct a prototype.
"The FHA program can weather a shutdown as long as it doesn't last too long," said Guy Cecala of Inside Mortgage Finance.
Lenders with "delegated authority" will be able to go on making FHA loans.
They will also be able to get FHA case numbers through the usual on-line service.
We don't want the FHA to stop worrying about collateral entirely.