What have you heard about the Maryland CDA program?

It is making quite a comeback. With less stringent property requirements, higher income limits, and Rebecca’s expertise, you can’t go wrong.

The Maryland CDA program may help you qualify for a house with little money out of pocket.

What exactly is Maryland CDA?

CDA is a loan program offered through the Maryland State Department of Housing and Community Development. It is most commonly used in conjunction with DSELP (down payment and settlement expenses loan program), a possible $2,500 no interest, no payment loan to help first time buyers and others with closing costs. There is also a grant program available, where home buyers may receive 2% or 3% of the sales price in a grant, that they never have to repay.

What is House Keys for Employees?

If you work for the state of Maryland, Johns Hopkins, or many other companies, CDA has a program that matches the contribution these employers make to their employees. This is in addition to other aid you may be eligible for.

Some facts about CDA:

· You don’t have to be a first time homebuyer if you are purchasing in

Baltimore City or certain targeted areas

· Closing assistance may be COMBINED with up to a 6% Seller Concession and

even possibly county programs

· Get a lower than market rate

· Carrollton Mortgage and Rebecca close lots of CDA loans every

month, we can get you qualified with no hassle! Carrollton Bank is an

approved CDA underwriting in house lender.

· Buyers need to take a home buyer’s education class from an authorized

institution, or online depending on which county the house is located in

Income Limits

Baltimore City, and other Targeted Areas:

1-2 People: $98,040

3 or More: $114,380

Most Counties Surrounding Baltimore:

1-2 People: $93,840

3 or More: $108,698

*Terms and conditions of the Maryland CDA program are subject to change without notice

Carrollton Mortgage Services - 2300 York Road Suite 213 - Timonium, MD 21093
Office Phone: (443) 866-6212 Fax: (410) 561-8145

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