How is the Government Strike going to effect My Mortgage?

The answer is very little.  Other than the slow down of an already slow mortgage product (USDA), there will be very little delay to new loans and loans currently in progress. Unlike any other type of mortgage, the USDA loans require a full underwritten mortgage packet to be sent to them so that the USDA can rubber stamp the file with their seal of approval.  Assuming the strike continues for another week, this will delay the USDA loan closings for up to 2 weeks.  FHA, VA and other government backed mortgages will continue to get funded without delays.  These loans are insured by the government but not funded by the government, so they will continue without delay.  The only possible hiccup is that most lenders require an income tax transcript from the IRS prior to allowing funding on a loan.  This can be done at the very beginning of the loan process or just before the closing.  Most loans already in process have the transcript  in hand.  New loans that won't be closing for several weeks have plenty of time in which to obtain the transcript before closing.  The transcripts are usually processed within 48 hours, so there still remains plenty of time after the strike has ended, to get these documents from the IRS.  Rest easy, there is a 95% chance your loan will not be effected.

Andy Williams NMLS # 118317
President
Abacus Regional Mortgage
484 695 5972

Is it possible to finance a condo with less than 20% down payment?

We offer 95% financing on warrantable condominiums.  What does this mean? If the property being financed is for the borrower to occupy as their primary residence, if they have 5% down payment and some money for closing costs, if they have a minimum credit score of 680, they may be eligible to buy a condo with this program. 
The condo project must be approved, as well as the buyer.  The meaning of warrantable means that the condo association must meet the requirement set by Fannie Mae and Freddie Mac for condos.  There can't be more than 9% of the development owned by one person or entity.  There can be no more than 15% delinquent property owners.  If the condo is being purchased as an investment property, 51% of the units must be owner occupied.  These are most of the major guidelines, but there are more specific requirements ( see attached ) and unique circumstances that may need to be explored before entering into an agreement to buy a condominium. 

Andy Williams
President
Abacus Regional Mortgage
484 695 5972
NMLS # 118317