Maryland Mortgage Program. even You can buy More House for Less in 2005 with CDA of Maryland! More House 4 Less

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1 Maryland Mortgage Program even You can buy More House for Less in 2005 with CDA of Maryland! ^ More House 4 Less MORE choices in 2005 MORE loan products 30-yr fixed rate mortgage 35-yr fixed rate mortgage and only pay on the interest in first 5 years of term 40-yr fixed rate mortgage 4.875% (5. 139% APR 1 ) 2 points 5.25% (5. 429% APR 2 ) 1 points 5.50% (5. 590% APR 3 ) 0 point 5.875% (5. 968% APR 4 ) 0 point with a 2% grant MORE buying power increased purchase price limits private mortgage insurance now available MORE lenders more than 30 certified CDA lenders MORE $ for downpayment assistance up to $5,000 downpayment and closing cost assistance plus additional assistance available through the new House Keys 4 Employees program Buy More House 4 Less in 2005 Call CDA today and become a homeowner tomorrow! Continues on back... morehouse4less.com

2 MORTGAGE INSURER/GUARANTOR Federal Housing Administration (FHA) insurance Veterans Administration (VA) Rural Housing Services (RHS) guaranty Maryland Housing Fund (40-year mortgage only) PRIVATE MORTGAGE INSURERS Genworth Financial (GE) Mortgage Guaranty Insurance Corporation (MGIC) PMI Mortgage Insurance Company (PMI) 5 Radian Guaranty, Inc. (RGI) Republic Mortgage Insurance Company (RMIC) Triad Guaranty Insurance Corporation (TGIC) United Guaranty Residential Insurance Company (UGRIC) ELIGIBLE PROPERTIES: Existing homes; new construction (if in a Priority Funding Area 6 ) Townhouses; detached or semi-detached homes; condominium units; modular or manufactured homes with the State seal of approval for code compliance Investment property not eligible Home must be occupied as principal residence HOME INSPECTION Required (unless home newly constructed or substantially rehabbed) HOME BUYER EDUCATION Mandatory for all borrowers 7 DOWNPAYMENT ASSISTANCE Up to $5,000 available for down payment and closing costs with CDA loan plus additional assistance available through the new House Keys 4 Employees program For more information about MORE HOUSE 4 LESS contact CDA today! The annual percentage rate (APR) quoted represents a typical $99,200 FHA-insured, 30-year fixed rate loan on a $100,000 home with a down payment of $2,250 and financed Upfront Mortgage Insurance Premium (UFMIP). This APR is based on a1% origination fee, a 1% discount point, $ of prepaid interest (this APR calculation assumes 15 days of prepaid interest) and $750 in Mortgage Loan Fees paid by the borrower. Mortgage Loan Fees may include appraisal, credit report, processing, document preparation, an underwriting fee, flood certificate, tax service, wire transfer, and other fees. Please note that the actual APR may vary depending upon the Mortgage Loan Fees the participating lender charges the borrower. Rates are subject to change. 2 The annual percentage rate (APR) quoted represents a typical $99,200 FHA-insured, 30-year fixed rate loan on a $100,000 home with a down payment of $2,250 and financed Upfront Mortgage Insurance Premium (UFMIP). This APR is based on a 1% origination fee, no discount point, $ of prepaid interest (this APR calculation assumes 15 days of prepaid interest) and $750 in Mortgage Loan Fees paid by the borrower. Mortgage Loan Fees may include appraisal, credit report, processing, document preparation, an underwriting fee, flood certificate, tax service, wire transfer, and other fees. Please note that the actual APR may vary depending upon the Mortgage Loan Fees the participating lender charges the borrower. Rates are subject to change. 3 The annual percentage rate (APR) quoted represents a typical $99,200 FHA-insured, 30-year fixed rate loan on a $100,000 home with a down payment of $2,250 and financed Upfront Mortgage Insurance Premium (UFMIP). This APR is based on no origination fee, no discount point, $ of prepaid interest (this APR calculation assumes 15 days of prepaid interest) and $750 in Mortgage Loan Fees paid by the borrower. Mortgage Loan Fees may include appraisal, credit report, processing, document preparation, an underwriting fee, flood certificate, tax service, wire transfer, and other fees. Please note that the actual APR may vary depending upon the Mortgage Loan Fees the participating lender charges the borrower. Rates are subject to change. 4 The annual percentage rate (APR) quoted above represents a typical $99,200 FHA-insured, fixed rate loan on a $100,000 home with a down payment of $2,250 and financed Upfront Mortgage Insurance Premium (UFMIP). This APR is based on a no origination fee, no discount point, $ of prepaid interest (this APR calculation assumes 15 days of prepaid interest) and $750 in Mortgage Loan Fees paid by the borrower. Mortgage Loan Fees may include appraisal, credit report, processing, document preparation, an underwriting fee, flood certificate, tax service, wire transfer, and other fees. Please note that the actual APR may vary depending upon the Mortgage Loan Fees the participating lender charges the borrower. 5 May not be used for loans with LTV ratios less than or equal to 90%, and only insures loans up to 95% on 5/30 Program. 6 A Priority Funding Area (PFA) is an older community or locally-designated growth area where State and local governments already have a significant financial investment in the existing infrastructure and want to target their efforts to conserve natural resources and farmland while encouraging and supporting sensible economic and residential growth. Municipalities, Baltimore City and areas inside the Baltimore and Washington beltways are PFA s. A full listing of PFA s is available at 7 If the borrower is also applying for a Downpayment and Settlement Expense Loan Program (DSELP) loan, the homebuyer education requirement must be completed and the Homebuyer Counseling Certificate received prior to the borrower executing a contract of sale in the counties of Anne Arundel, Baltimore, Garrett, Harford, Montgomery and St. Mary s. In addition, borrowers may be required to have classroom and/or one-on-one counseling in the county in which they plan to purchase a home. 100 Community Place Crownsville, MD Toll-free (Maryland Only): Fax: Information subject to change. Revised 9/22/05.

3 Downpayment Assistance The costs of downpayment and settlement can overwhelm first-time homebuyers and is listed as the #1 barrier to homeownership. That s why CDA has added more assistance programs for closing costs. In addition to the zero-percent deferred DSELP loan, employers are joining CDA s newest homeownership initiative, House Keys 4 Employees. This program helps Maryland s workforce become homeowners through a creative match program between employers and the State of Maryland. And, through its new MMP Plus loan product, borrowers can receive a two percent closing cost grant. ABOUT DSELP What is DSELP? DSELP is the Downpayment and Settlement Expense Loan Program. This program helps eligible borrowers purchase a home by funding a portion of their closing costs. Who is eligible for a DSELP? Individuals or families who are approved to purchase a home using a CDA first mortgage loan can apply for a DSELP. Please note that in Anne Arundel, Baltimore, Garrett, Harford, Montgomery and St. Mary s counties, you must receive homebuyer education/housing counseling and obtain a housing counseling certificate prior to making an offer and executing a contract of sale on a home. How much can I borrow with DSELP? DSELP can provide up to $5,000. What is the interest rate on the DSELP loan? DSELP is offered at a 0% interest rate. When must I pay back the DSELP? DSELP is a deferred loan that is repayable when you payoff or refinance the home or upon sale or transfer of the house you financed through CDA. Can I cover all of my settlement expenses using DSELP? No. The borrower must contribute at least 1% of the amount of the first mortgage towards their own settlement expenses. How do I get a DSELP? When you apply to a participating lender for a CDA first mortgage loan to buy your home, ask the lender to qualify you for a DSELP. Can I use DSELP with a non-cda first mortgage loan? No. DSELP can only be used with a CDA first mortgage loan. Who insures or guarantees my first mortgage loan when I get a DSELP? CDA first mortgage loans are insured or guaranteed by either the Federal Housing Administration (FHA), one of the participating private mortgage insurance companies, the Veterans Administration (VA), the United States Department of Agriculture through the Rural Housing Service (RHS) or the Maryland Housing Fund. Is my DSELP loan insured? No. However, it does get recorded as a second lien against the home that is purchased. Is DSELP available only in certain areas? No. DSELP is available statewide Are there any other special requirements for DSELP? Yes. Some counties require that borrowers take homebuyer education workshops and have a housing counseling certificate before the borrower signs a contract of sale. Ask your lender about homebuyer education requirements or call CDA at for more information. ABOUT THE House Keys 4 Employees What is the House Keys 4 Employees program? House Keys 4 Employees enables eligible homebuyers to receive more downpayment and/or closing cost assistance than is available through the standard DSELP Program. How does it work? CDA will match, dollar-for-dollar, contributions towards downpayment and closing costs from participating employers, local jurisdictions, unions and/or nonprofit agencies up to a maximum of $5,000. The match is in the form of a 0% deferred loan. This assistance is over and above what is available through the standard DSELP Program or the MMP-Plus Program. This will allow some borrowers to have more choices in buying a home. Who qualifies for House Keys 4 Employees? Any borrower who receives a contribution for downpayment and/or closing cost assistance from an employer, local government, union, or nonprofit agency and, meets the eligibility criteria under the Maryland Mortgage Program (MMP) may participate in the program. Can other closing cost assistance be used in conjunction with the MMP? There are two other types of closing cost assistance available with a CDA mortgage: the Downpayment Settlement Expense Loan Program (DSELP) and the Maryland Mortgage Program - Plus (MMP-Plus) which provides a 2% closing cost grant paired with a slightly higher interest rate on the first mortgage. Both programs help eligible borrowers purchase a home by funding a portion of their closing costs. Who is eligible for DSELP or MMP-Plus? Individuals or families who are approved to purchase a home using a CDA first mortgage loan can apply for assistance. Please note that in Anne Arundel, Baltimore, Garrett, Harford, Montgomery, and St. Mary s counties, you must receive homebuyer education/housing counseling and obtain a housing counseling certificate prior to making an offer and executing a contract. Continues on back Community Place Crownsville, MD SingleFamilyHousing@mdhousing.org Toll-free (Maryland Only): Fax: Information subject to change. Revised 8/31/05.

4 Downpayment Assistance cont. How does the House Keys 4 Employees program help when I am purchasing a home? Borrowers who choose a DSELP loan through the Maryland Mortgage Program, can receive up to an additional $5,000 from the House Keys 4 Employees program (based on dollar-for-dollar match from one of the eligible sources) to add to the amount currently available under the regular DSELP Program. Borrowers who choose a MMP-Plus grant, can receive up to an additional $5,000 from House Keys 4 Employees (based on dollar-for-dollar match from one of the eligible sources) to add to the 2% closing cost assistance grant. My local government offers a program where they make assistance available if I move within a certain distance of my place of employment. Can I use House Keys 4 Employees in conjunction with a local government s program? Yes. The amount of the dollar for dollar match provided through House Keys 4 Employees would not exceed $5,000, but the employer s assistance can be combined with the local government match, up to a total of $15,000 maximum. May I apply for assistance from both Programs? No. You may receive assistance from DSELP or MMP Plus. Who are the participating agencies? The Maryland Department of Housing and Community Development, working in cooperation with the Maryland Department of Business and Economic Development, will develop a list of employers, local governments, unions, and/or nonprofit organizations that are concerned about affordable housing and are willing to provide downpayment and closing cost assistance to potential homebuyers. How do I apply? 1. Ask your Human Resources Department if your employer participates in the House Keys 4 Employees program. Determine how much assistance is available to you. 2. Contact your local housing office to determine if the jurisdiction in which you live participates in the House Keys 4 Employees program. What do I do after I find out what is available through my employer and/or local government? 1. Complete employee section of the Verification of Partner Contribution form and give it to your employer and/or local jurisdiction to complete the appropriate section. 2. Select a participating CDA lender in your area and make an appointment to pre-qualify for a CDA mortgage loan. 3. Provide the lender with the original of the fully completed and executed Verification of Partner Contribution form. 4. Talk to your lender about homebuyer education before signing a contract of sale. A list of participating CDA lenders and homeownership counseling agencies is included in this homebuyer s kit. ABOUT MMP PLUS What is the MMP PLUS Program? This program is a premium priced first mortgage program that offers a first mortgage (at a slightly higher interest rate) that provides borrowers with a 2% closing cost assistance grant. How many points are charged for this loan? The borrower pays zero points. How much is the closing cost assistance? The grant is equal to 2% of the first mortgage loan amount. Can I use the 2% grant for my down payment? Yes, if the insurer/guarantor permits. FHA permits the 2% grant to be used to fund closing costs but not the down payment. What is the term of the MMP PLUS mortgage? A: There are three terms offered with this Program. The borrower can choose between the 30-year term, the 5/30 Mortgage Program (35-year term that is interest only for the first five years with amortized payments for the remaining 30 years) or the 40-year mortgage. Do I need to meet the same eligibility requirements as in the regular MMP program? A: Yes, the eligibility requirements such as the Income Limits, Maximum Acquisition Costs and first time homebuyer requirements are the same. (Refer to the Q&A s for the More House 4 Less Program) 100 Community Place Crownsville, MD SingleFamilyHousing@mdhousing.org Toll-free (Maryland Only): Fax: Information subject to change. Revised 9/1/05.

5 Monthly Mortgage Payment Chart CDA has flexible loans to fit your needs. There are a variety of factors to consider when financing your home - your budget, your monthly mortgage payment, how long you plan to live in the house. Choose the loan that s right for you: 30-yr fixed rate mortgage loan 35-yr fixed rate mortgage loan with interest-only payments for the first five years 40-yr fixed rate mortgage loan with no minimum borrower contributions down payment and closing cost assistance is available with all cda mortgage products 30-year Amortizing Mortgage 35-year Mortgage 40-year Amortizing Mortgage (first 5 years interest only) mortgage size Monthly Principal and Interest Payment monthly interest-only Payment Monthly Principal and Interest Payment 2-point 1-point 0-point 2% Closing 2-point 1-point 0-point 2% Closing 2-point 1-point 0-point 2% Closing Mortgage Mortgage Mortgage Cost Grant Mortgage Mortgage Mortgage Cost Grant Mortgage Mortgage Mortgage Cost Grant 4.875% 5.250% 5.500% 5.875% 4.875% 5.250% 5.500% 5.875% 5.000% 5.375% 5.625% 6.000% (5. 139% APR 1 ) (5. 429% APR 2 ) (5. 590% APR 3 ) (5. 968% APR 4 ) (5. 113% APR 1 ) (5. 412% APR 2 ) (5. 581% APR 3 ) (5. 960% APR 4 ) (5. 221% APR 5 ) (5. 526% APR 6 ) (5. 701% APR 7 ) (6. 080% APR 8 ) $50,000 $265 $276 $284 $296 $203 $219 $229 $245 $241 $254 $262 $275 $100,000 $529 $552 $568 $592 $406 $438 $458 $490 $482 $507 $524 $550 $150,000 $794 $828 $852 $887 $609 $656 $688 $734 $723 $761 $786 $825 $200,000 $1,058 $1,104 $1,136 $1,183 $813 $875 $917 $979 $964 $1,015 $1,049 $1,100 $250,000 $1,323 $1,381 $1,419 $1,479 $1,016 $1,094 $1,146 $1,224 $1,205 $1,268 $1,311 $1,376 $300,000 $1,588 $1,657 $1,703 $1,775 $1,219 $1,313 $1,375 $1,469 $1,447 $1,522 $1,573 $1,651 $350,000 $1,852 $1,933 $1,987 $2,070 $1,422 $1,531 $1,604 $1,714 $1,688 $1,776 $1,835 $1,926 $400,000 $2,117 $2,209 $2,271 $2,366 $1,625 $1,750 $1,833 $1,958 $1,929 $2,029 $2,097 $2,201 $450,000 $2,381 $2,485 $2,555 $2,662 $1,828 $1,969 $2,063 $2,203 $2,170 $2,283 $2,359 $2,476 Continues on back.

6 Monthly Mortgage Payment Chart cont. MONTHLY MORTGAGE PAYMENT CHART NOTES MONTHLY MORTGAGE PAYMENT AND CURRENT CDA INTEREST RATES: The monthly payments shown are only for the principal and interest payments or interest only payments due on the CDA mortgage. Each mortgage product has a different interest rate based on the points paid upfront when obtaining the mortgage. For example, a 2-point mortgage requires the homebuyer to pay 2% of the mortgage amount as part of their closing costs. These funds are used to off-set the cost of making the mortgage. All monthly payments and interest rates shown in the table are subject to change. In addition to these amounts, a mortgage will have monthly costs for property taxes, hazard insurance, and mortgage insurance. AVAILABLE DOWN PAYMENT AND CLOSING COST ASSISTANCE: The homebuyer may select either a CDA Downpayment and Settlement Expense Loan (DSELP) up to $5,000 (the DSELP loan is a 0% deferred loan, repayable upon sale of the home or refinancing of the CDA MMP loan); or a 2% Closing Cost Grant (2% grant is based on the mortgage amount), which is one of the available CDA mortgage products. This loan product has a slightly higher interest rate. This mortgage product is shaded in color. INTEREST ONLY LOANS: These loans have a period of 5 years where only the interest on the mortgage is due. Additional payments during this period to pay down on the principal of the mortgage are permitted. The 5-year interest only period is followed by a 30-year amortizing mortgage. Please refer to the 30-year amortizing loan payments in the table to see the principal and interest payments that will be due in year 6. AVAILABLE MORTGAGE INSURANCE: The 30-year amortizing mortgage can use FHA, VA or RHS, or private Mortgage Insurance credit enhancement products. For the 35-year mortgage, with interest only payments for the first 5 years, and the 40-year amortizing mortgage, insurance is only eligible through participating private mortgage insurers. The Maryland Housing Fund may also insure the 40-year mortgage. 1 The annual percentage rate (APR) quoted represents a typical $99,200 FHA-insured, 30-year fixed rate loan on a $100,000 home with a down payment of $2,250 and financed Upfront Mortgage Insurance Premium (UFMIP). This APR is based on a 1% origination fee, a 1% discount point, $ of prepaid interest (this APR calculation assumes 15 days of prepaid interest) and $750 in Mortgage Loan Fees paid by the borrower. Mortgage Loan Fees may include appraisal, credit report, processing, document preparation, an underwriting fee, flood certificate, tax service, wire transfer, and other fees. Please note that the actual APR may vary depending upon the Mortgage Loan Fees the participating lender charges the borrower. Rates are subject to change. 2 The annual percentage rate (APR) quoted represents a typical $99,200 FHA-insured, 30-year fixed rate loan on a $100,000 home with a down payment of $2,250 and financed Upfront Mortgage Insurance Premium (UFMIP). This APR is based on a 1% origination fee, no discount point, $ of prepaid interest (this APR calculation assumes 15 days of prepaid interest) and $750 in Mortgage Loan Fees paid by the borrower. Mortgage Loan Fees may include appraisal, credit report, processing, document preparation, an underwriting fee, flood certificate, tax service, wire transfer, and other fees. Please note that the actual APR may vary depending upon the Mortgage Loan Fees the participating lender charges the borrower. Rates are subject to change. 3 The annual percentage rate (APR) quoted represents a typical $99,200 FHA-insured, 30-year fixed rate loan on a $100,000 home with a down payment of $2,250 and financed Upfront Mortgage Insurance Premium (UFMIP). This APR is based on no origination fee, no discount point, $ of prepaid interest (this APR calculation assumes 15 days of prepaid interest) and $750 in Mortgage Loan Fees paid by the borrower. Mortgage Loan Fees may include appraisal, credit report, processing, document preparation, an underwriting fee, flood certificate, tax service, wire transfer, and other fees. Please note that the actual APR may vary depending upon the Mortgage Loan Fees the participating lender charges the borrower. Rates are subject to change. 4 The annual percentage rate (APR) quoted above represents a typical $99,200 FHA-insured, fixed rate loan on a $100,000 home with a down payment of $2,250 and financed Upfront Mortgage Insurance Premium (UFMIP). This APR is based on no origination fee, no discount point, $ of prepaid interest (this APR calculation assumes 15 days of prepaid interest) and $750 in Mortgage Loan Fees paid by the borrower. Mortgage Loan Fees may include appraisal, credit report, processing, document preparation, an underwriting fee, flood certificate, tax service, wire transfer, and other fees. Please note that the actual APR may vary depending upon the Mortgage Loan Fees the participating lender charges the borrower. 5 The annual percentage rate (APR) quoted represents a typical $99,200 FHA-insured, 30-year fixed rate loan on a $100,000 home with a down payment of $2,250 and financed Upfront Mortgage Insurance Premium (UFMIP). This APR is based on a 1% origination fee, a 1% discount point, $ of prepaid interest (this APR calculation assumes 15 days of prepaid interest) and $750 in Mortgage Loan Fees paid by the borrower. Mortgage Loan Fees may include appraisal, credit report, processing, document preparation, an underwriting fee, flood certificate, tax service, wire transfer, and other fees. Please note that the actual APR may vary depending upon the Mortgage Loan Fees the participating lender charges the borrower. Rates are subject to change. 6 The annual percentage rate (APR) quoted represents a typical $99,200 FHA-insured, 30-year fixed rate loan on a $100,000 home with a down payment of $2,250 and financed Upfront Mortgage Insurance Premium (UFMIP). This APR is based on a 1% origination fee, no discount point, $ of prepaid interest (this APR calculation assumes 15 days of prepaid interest) and $750 in Mortgage Loan Fees paid by the borrower. Mortgage Loan Fees may include appraisal, credit report, processing, document preparation, an underwriting fee, flood certificate, tax service, wire transfer, and other fees. Please note that the actual APR may vary depending upon the Mortgage Loan Fees the participating lender charges the borrower. Rates are subject to change. 7 The annual percentage rate (APR) quoted represents a typical $99,200 FHA-insured, 30-year fixed rate loan on a $100,000 home with a down payment of $2,250 and financed Upfront Mortgage Insurance Premium (UFMIP). This APR is based on no origination fee, no discount point, $ of prepaid interest (this APR calculation assumes 15 days of prepaid interest) and $750 in Mortgage Loan Fees paid by the borrower. Mortgage Loan Fees may include appraisal, credit report, processing, document preparation, an underwriting fee, flood certificate, tax service, wire transfer, and other fees. Please note that the actual APR may vary depending upon the Mortgage Loan Fees the participating lender charges the borrower. Rates are subject to change. 8 The annual percentage rate (APR) quoted above represents a typical $99,200 FHA-insured, fixed rate loan on a $100,000 home with a down payment of $2,250 and financed Upfront Mortgage Insurance Premium (UFMIP). This APR is based on no origination fee, no discount point, $ of prepaid interest (this APR calculation assumes 15 days of prepaid interest) and $750 in Mortgage Loan Fees paid by the borrower. Mortgage Loan Fees may include appraisal, credit report, processing, document preparation, an underwriting fee, flood certificate, tax service, wire transfer, and other fees. Please note that the actual APR may vary depending upon the Mortgage Loan Fees the participating lender charges the borrower. 100 Community Place Crownsville, MD SingleFamilyHousing@mdhousing.org Toll-free (Maryland Only): Fax: Information subject to change. Revised 8/31/05.

7 Income and Purchase Price Limits Counties & City Allegany County Anne Arundel County Baltimore City Baltimore County Calvert County Caroline County Carroll County Cecil County Charles County Dorchester County Frederick County Garrett County Harford County Howard County Kent County Montgomery County Prince George s County Queen Anne s County St. Mary s County Somerset County Talbot County Washington County Wicomico County Worcester County Income Limits # OF PERSONS IN HOUSEHOLD NON-TARGETED TARGETED Maximum Purchase Prices NON-TARGETED TARGETED FHA Maximum Mortgage Amounts 1 or 2 - $ 90,300 3 or more 105,350 - $ 249,862 $ 172,632 1 or 2 $ 75,250 90,300 $ 322, , ,650 1 or 2-90,300 3 or more - 105, , ,650 1 or 2 75,250 90, , , ,650 1 or 2 89,300-3 or more 102, , ,895 1 or 2-90, , ,632 3 or more - 105, , , , ,500 1 or 2 89,300-3 or more 102, , ,895 1 or 2-90,300 3 or more - 105, , ,632 1 or 2 89, ,160 3 or more 102, , , , ,895 1 or 2-90,300 3 or more - 105, , ,632 1 or 2 75,250 90, , , , , ,650 1 or 2 90, , ,632 3 or more 105,350 1 or 2 89,300-3 or more 102, , ,895 1 or 2 89, ,160 3 or more 102, , , , , , , , ,900 1 or 2 90,300 3 or more 105, , , , ,632 1 or 2 75,250 90, , , ,800 1 or 2 75,250 90, , , ,632 1 or 2 75,250 90, , , , Community Place Crownsville, MD SingleFamilyHousing@mdhousing.org Toll-free (Maryland Only): Fax: Information subject to change. Revised 7/12/05.

8 Approved CDA Lenders By loan activity. Revised 01/05 LENDER PHONE NUMBER SunTrust Mortgage, Inc Ext 13 National City Bank of Indiana d/b/a FNBC d/b/a AccuBanc Mortgage First Horizon Home Loan Corporation First Mariner Mortgage Corporation American Home Mortgage Corporation Countrywide Home Loans, Inc Huntington Mortgage Group, a division of The Huntington National Bank Chevy Chase Bank, F.S.B K Bank Ext 406 First Home Mortgage Corp Ext 211 Bank of America, N.A Wells Fargo Home Mortgage Wachovia Mortgage Company BB&T JP Morgan Chase Bank, N.A Carrollton Bank Mortgage Capital Investors Ext 5008 Susquehanna Mortgage Corporation Chesapeake Bank of Maryland Ext Community Place Crownsville, MD SingleFamilyHousing@mdhousing.org Toll-free (Maryland Only): Fax: Information subject to change. Revised 11/15/05.

9 Homebuyer Workshops WESTERN MARYLAND (Allegany, Frederick, Garrett and Washington counties) Garrett County Community Action Committee, Inc. 104 E. Center Street Oakland, MD Hagerstown Home Store 21 East Franklin Street Hagerstown, MD Washington County Community Action Council, Inc. 101 Summit Avenue Hagerstown, MD SOUTHERN MARYLAND (Calvert, Charles and St. Mary s counties) Southern Maryland Tri-County Community Action Committee, Inc Leonardtown Road Hughesville, MD ext. 268 GREATER WASHINGTON (Montgomery and Prince George s counties) Consumer Credit Counseling Services of Greater Washington Crabbs Branch Way Rockville, MD Greater Washington Urban League 5012 Rhode Island Avenue, Suite 103 Hyattsville, MD Housing & Community Initiatives, Inc. 444 N. Frederick Avenue, Suite 305 Gaithersburg, MD Housing Initiative Partnership, Inc Belcrest Road, Suite 555 Hyattsville, MD (Also speaks Spanish) Kairos Development Corp Old Branch Avenue Camp Springs, MD Roots of Mankind Corp Branch Avenue, Suite 205 Temple Hils, MD Sowing Empowerment and Economic Development, Inc. (SEED) 6201 Riverdale Road, #200 Riverdale, MD EASTERN SHORE (Caroline, Cecil, Dorchester, Kent, Queen Anne s, Somerset, Talbot, Wicomico and Worcester counties) The Maryland Rural Development Corp. PO Box 739 Greensboro, MD ext. 12 Neighborhood Housing Services 513 Camden Avenue Salisbury, MD Shore Up! Inc. PO Box 430 Salisbury, MD ext. 307 Talbot County Dept. of Housing 11 N. Washington Street Easton, MD CENTRAL MARYLAND (Anne Arundel, Carroll, Harford and Howardc ounties) Anne Arundel County Economic Opportunity Committee 251 West Street Annapolis, MD ext Arundel Community Development Services, Inc Riva Road, Suite 210 Annapolis, MD Westminster Housing Authority Community Development Administration 56 West Main Street Westminster, MD (Westminster residents only) Harford County Housing Agency 15 So Main Street, Suite 106 Bel Air, MD Home Partnership, Inc. 626 Towne Center Drive Suite 301 Joppatowne, MD Howard County Office of Housing and Community Development 6751 Columbia Gateway Drive Columbia, MD GREATER BALTIMORE (Baltimore County and Baltimore City) Acorn Housing Corp th Street Baltimore, MD Baltimore Urban League 512 Orchard Street Baltimore, MD ext. 221 Belair-Edison Neighborhoods, Inc Belair Road Baltimore, MD Comprehensive Housing Assistance, Inc Park Heights Avenue Baltimore, MD ext. 0 The Development Corp. of Northwest Baltimore 3521 W. Belvedere Avenue Baltimore, MD ext. 0 Druid Heights CDC 2140 McCulloh Street Baltimore, MD Eastside Community Development Corporation, Inc. Atrium Offices at Eastpoint Mall 7835 Eastern Avenue, Suite 302 Baltimore, MD Garwyn Oaks Housing Resource Center 2300 Garrison Blvd., Suite 270 Baltimore, MD Govans Economic Management Senate (GEMS) 4804 York Road Baltimore, MD Harbel Housing Partnership Program 5807 Harford Road Baltimore, MD Harlem Park Revitalization Corporation 1017 Edmonson Avenue Baltimore, MD Liberty/Randallstown Coalition, Inc B Langrehr Road Baltimore, MD (Balt. Co. SELP/DSELP) Making Choices for Independent Living, Inc Montebello Terrace Baltimore, MD (For disabled borrowers only) Neighborhood Housing Services of Baltimore, Inc. 244 N. Patterson Park Baltimore, MD Neighborhood Housing Services (Coppin Heights) 2601 W. North Avenue Baltimore, MD Neighborhood Housing Services (Greater Hillendale) 1055 Taylor Avenue, Suite 100A Towson, MD Neighborhood Housing Services (Irvington) 4115 Frederick Avenue Baltimore, MD The Neighborhoods of Greater Lauraville, Inc Harford Road Baltimore, MD People s Homesteading Group 410 E. North Avenue Baltimore, MD Southeast CDC 3700 Eastern Avenue Baltimore, MD ext. 24 St. Ambrose Housing Aid Center 321 East 25th Street Baltimore, MD ext. 221 Tri-Churches Housing 765 W. Hamburg Street Baltimore, MD Please note that in Anne Arundel, Baltimore, Garrett, Harford, Montgomery and St. Mary s counties, you must attend a homebuyer workshop to receive homebuyer education/ housing counseling and obtain a housing counseling certificate prior to making an offer and executing a contract of sale on a home. 100 Community Place Crownsville, MD SingleFamilyHousing@mdhousing.org Toll-free (Maryland Only): Fax: Information subject to change. Revised 9/1/05.

10 FAQs Q: Do I have to be a first-time homebuyer to get a CDA loan? The answer depends on where the borrower plans to purchase. Borrowers purchasing in Targeted Areas (see sheet entitled Targeted Areas), do not have to be firsttime homebuyers. However, borrowers purchasing in an area that is not designated as Targeted must meet the definition of a first-time homebuyer. A first-time homebuyer is defined as someone who has not owned a principal residence in the last three years. Q: What type of home can I purchase? Eligible houses include townhouses, detached or semi-detached homes, and condominium units. Modular or manufactured homes that have the State seal of approval for code compliance may be financed. Q: Do I have to occupy the house that I purchase with a CDA loan? Yes, CDA loans are available for owneroccupants only. Q: How long does it take to get a loan with CDA? CDA loans are processed and approved by participating lenders who are given incentives to complete the loan in a timely fashion. The day time period normally written into the contract to purchase a home is more than enough time to receive an approval on a CDA loan. Q: Does the seller have to pay points on a CDA loan? The payment of the points is negotiable between the buyer and the seller. Q: Is closing cost assistance available with a CDA loan? Yes. Several options of closing cost assistance is available. See sheet entitled Downpayment Assistance to learn about our DSELP, House Keys for Employees and MMP Plus programs. Q: Are CDA loans only available in priority funding areas? Only newly contructed homes are required to be in a priority funding area, not existing homes. Q: How do I apply for a CDA loan? CDA loans are available through a statewide network of participating lenders. To apply, contact a mortgage lender from the CDA participating lender list. Q: Do I need to have good credit to get a CDA loan? Yes, acceptable credit is required. The CDA loan is underwritten to normal mortgage industry credit standards. A participating lender will be able to help you analyze your credit standing. Q: What is the CDA loan interest rate? CDA currently has four low-interest rate mortgage products: a zero-point product a zero-point product with a 2% closing costs assistance grant one-point product two-point product The rates are frequently reviewed and subject to change. Consult with a lender for current CDA rates. Q: Does the CDA loan program ever run out of money? No, CDA funds are available continuously. Q: Do I have to attend homeownership counseling? Yes, CDA requires that all of our borrowers receive homebuyer education. See sheet entitled Homebuyer Workshops. Please note that in Anne Arundel, Baltimore, Garrett, Harford, Montgomery and St. Mary s counties, you must attend workshops to receive homebuyer education/housing counseling and obtain a housing counseling certificate prior to making an offer and executing a contract of sale on a home. Q: Will I have to pay recapture tax on my loan? The recapture tax applies only if you meet both of the following conditions: 1. You sell or dispose of your home at a gain during the first nine years after the date you closed your mortgage loan. 2. Your income at that time no longer allows you to qualify for this type of federal subsidy. For more information about MORE HOUSE 4 LESS contact CDA today! Community Place Crownsville, MD SingleFamilyHousing@mdhousing.org Toll-free (Maryland Only): Fax: Information subject to change. Revised 8/31/05.

11 Targeted Areas Areas shaded green on the above map represent Targeted Areas The following jurisdictions are designated as Targeted Areas: Allegany County Baltimore City Caroline County Dorchester County Garrett County Kent County Somerset County Additionally, portions of the following jurisdictions are designated as Targeted Areas: (Communities and/or census tracts are listed for each county) To determine the census tract code of a particular home, visit the Federal Financial Institutions Examination Council website at You will need either a street address or a zip code to determine the tract code for a home. 7 Anne Arundel County 9 Harford County Baltimore County East Towson Oella West Catonsville Plus census tracts: , , , , , Frederick County , Prince George s County Brentwood Capitol Heights Colmar Manor Fairmont Heights Mt. Rainier North Brentwood Seat Pleasant Plus census tracts: , , , , 04800, , Washington County City of Hagerstown Plus census tracts: , , , Wicomico County , , , Worcester County Community Place Crownsville, MD SingleFamilyHousing@mdhousing.org Toll-free (Maryland Only): Fax: Information subject to change. Revised 5/5/05.