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You are now on the road to getting your Dream Home!

By Marc Campbell

All Rights Reserved Copyright----2007 Visionquest Enterprises

Table of Content
Obtaining a PreapprovalPage 4 Bi-Weekly Mortgage LoansPage 5 Should You Rent or Buy?Page 6 Types of Mortgage Loans Page 8 How Much House Can You Afford? Page 9 Selling your home Page 12 Homeowner's Insurance Basic Page 14 State real estate help Page 16 State contact info for real estate ConclusionPage 62

All Rights Reserved Copyright----2007 Visionquest Enterprises

Obtaining a Preapproval
A lender's pre-approval is a limited-time commitment to fund your mortgage loan. A pre-approval may include an interest rate lock. To obtain a pre-approval, a lender evaluates your credit history, and calculates your housing and debt ratios. You should expect to verify your income, length of employment and source of down payment. A pre-approval legitimizes you as a serious buyer. It also gives you additional negotiating leverage to negotiate a sale price, especially if the seller cannot find other pre-approved buyers. When seeking a pre-approval, it's important not to misrepresent the facts on your application. If a lender learns later that you've misrepresented or omitted information on your application, your pre-approval may be rescinded. As part of the pre-approval process, a lender obtains your credit report. You should be familiar with the contents of your credit reports from all three major credit bureaus:
Equifax (800) 685-1111 www.equifax.com Experian (800) 658-1111 www.experian.com Trans Union (800) 888-4213 www.transunion.com

If a lender denies your pre-approval, you should investigate immediately. Without a pre-approval, your chances of obtaining a mortgage loan are jeopardized. If a lender bases the decision, in part, on information in your credit report, you have the right to receive a free copy of the report.

Bi-Weekly Mortgage Loans


A bi-weekly mortgage saves you thousands of dollars in interest expense over the loan term. You amortize your loan faster, shortening the time it takes before you own your home outright. Instead of monthly payments, bi-weekly mortgages require a loan payment every two weeks. For example, you might pay $500 every two weeks instead of $1,000 a month. As a result, you make 26 payments in a year. If your bi-weekly payment equals half your monthly payment, this is equivalent to making 13 monthly payments. You aren't limited to making bi-weekly payments that equal half the amount of a monthly payment. Most lenders offering bi-weekly mortgages will negotiate the size of the payment. A bi-weekly mortgage does not have the same term as a 15-year mortgage loan. From the table below, you can see that your loan term is still well above 15 years. The chart shows the monthly P+I payments for a $100,000 fixed-rate loan for 30 years. If you make bi-weekly payments of $316 on a 6.5% loan, you see that you pay off the loan in about 24.2 years. This is almost six years sooner than if you were to make monthly payments for 30 years. The bi-weekly payments would save about $29,100 in interest over the loan term.
$100,000 (30-year fixed rate) Monthly payment Repayment period (years) Bi-weekly payments Modified repayment period (years) Interest savings 6.5% $632 30 $316 24.2 7.0% $665 30 $333 23.7 7.5% $699 30 $350 23.2 8.0% $734 30 $367 22.8

$29,100 $34,200 $40,240 $46,240

Note: months are calculated as a decimal value. Interest savings are approximate and equal the difference in total payments for principal and interest. The table shows that your interest savings grow as the loan rate increases. The repayment period also gets shorter as the loan rate increases.

You don't have to use a bi-weekly mortgage to make extra loan payments. You can make them whenever, and for however much, you wish, provided your lender does not charge a prepayment penalty. Using a bi-weekly mortgage or making extra payments has an opportunity cost. Because you pay less interest, the amount of your mortgage interest tax deduction is smaller. Moreover, you'll have to give up any interest that you might earn on the extra amount of payments you need.

Should You Rent or Buy?


Buying a home is a rewarding experience. You derive a great deal of personal satisfaction from owning a home. Homeownership allows you to build up your personal net worth over time. Moreover, continued increases in housing prices nationwide makes homeownership a relatively attractive investment. In some cases, renting may be a more attractive option. For example, if you plan to move in a year or two, you are unlikely to recover the closing costs you pay when you buy a home. In addition, finding a home to buy generally takes more time than looking for an apartment to rent. Depending on how you file and how your tax professional advises you. What you do is based on the law and the laws governing taxes. Based on your choise. In addition to building up equity over time, owning a home offers significant tax breaks. The interest expense that you pay on up to $1 million in home mortgage debt ($500,000 if you are married and filing a separate return) is tax-deductible. Your tax savings from the mortgage interest tax deduction are greatest in the early years of a mortgage loan. For example, on a 7%, 30-year fixed rate mortgage loan of $100,000, you pay $6,968 in interest the first year of the loan. If you are in the 25% income tax bracket, your tax savings are $1,742. In Year 16 of the loan, you pay $5,090 in interest, which saves you $1,273 in taxes. In Year 24 of the loan, you pay $2,926 in interest, which saves you $732 in taxes. When you sell your home, you can exclude up to $500,000 in capital gains if you are married and filing a joint return. (The exclusion limit is $250,000 for other tax filers.) You will need to pass the IRS's ownership and use tests to show that the home has been your primary residence for at least two of the past five years. In addition to mortgage interest, you can also deduct your local property taxes on your income tax return. As a homeowner, you can tap the equity in your home in the future with a home equity loan or line of credit. Interest expense that you pay on up to $100,000 in home equity debt is tax-deductible ($50,000 if you are married and filing a separate return).

Yet, renting does have some advantages. For one, renting doesn't require you to make a down payment, which can easily reach $25,000 or $50,000. A total monthly payment for rent is generally cheaper, too, when you include all the other costs of owing a home. In addition to paying off a loan with interest, homeowners routinely pay homeowner's insurance and property taxes. They may also be required to buy private mortgage insurance (PMI). Finally, homeowners face maintenance and home-improvement costs that renters avoid. In general, renting has a lower financial burden, requiring smaller monthly outlays. With the extra cash that you save each month, you may be able to invest and earn a rate of return that compensates for missed opportunities of homeownership. Renting may be a wiser course of action if you plan to relocate to another city soon or are in uncertain financial circumstances. For persons fresh out of school or newly divorced, renting may be the only realistic option. The above information is educational and should not be interpreted as financial advice. For advice that is specific to your circumstances, you should consult a mortgage lender or financial adviser.

Types of Mortgage Loans


Major types of mortgage loans include: Fixed-rate loans. Because they offer a monthly payment that is known and does not change, fixed-rate mortgage loans remain the most popular type. Most fixed-rate mortgages are for loan terms of 15 or 30-years. A 30-year loan has lower payments but a slightly higher interest rate. For all of 2005, the average mortgage rate on a 30-year fixed-rate loan was 5.87%, according to data from Freddie Mac. For 15-year mortgages, the average rate was 5.42%. To pay off a fixed-rate loan sooner, check with your lender to make sure you can make prepayments. You should be allowed to make these anytime and for any amount, and at no penalty.

Adjustable-rate loans. After an initial term, the interest rate on an adjustablerate mortgage ARM loan is re-set periodically. This is to keep the rate in line with current market interest rates. For example, a 3/1 ARM loan offers a fixed rate for the first three years, adjusting once a year thereafter. A 5/1 ARM loan offers a fixed rate for the first five years, adjusting yearly thereafter. The lender sets the interest rate by adding a margin to an index rateIndexRate. Common indexes include: Cost of Funds Index. The Eleventh District of the Federal Home Loan Bank Board, which covers California, Nevada and Arizona, publishes the Cost of Funds Index. For more information on the index, visit the Web site of the Federal Home Loan Bank of San Francisco. Treasury bill yields. The yield on the 1-year T-bill, adjusted for a constantmaturity security, is widely used. Most ARM loans have a periodic rate cap and lifetime cap to limit the amount the interest rate can increase each adjustment period and over the term of the loan, respectively. If you have a payment cap in your loan agreement, you may face negative amortization of your loan. This has the effect of increasing the amount you owe.

Convertible mortgage loans. These are ARM loans that allow you to convert to a fixed-rate loan at or before a specified time. The conversion privilege lets you start off with a low variable rate, then lock in when fixed rates drop low enough.

Balloon mortgage loans. These loans often have interest-only payments. In this case, you don't amortized any loan principal and the entire loan amount is due at the end of the loan term. A balloon mortgage allows you to minimize your monthly payments until you refinance the loan. Another advantage is that a larger share of your payment may be eligible for the mortgage interest tax deduction.

How Much House Can You Afford?


To determine how much of a home you can afford, you need to calculate your expected monthly payment. Most of your payment will go toward loan principal and interest, also called P+I. However, your monthly payment is also likely to include amounts for property taxes and homeowner's insurance. Because of these extra payments, your monthly P+I payment is sometimes called your P+I+T+I payment. If you plan to make a down payment of less than 20% of the home purchase price, you will also have to add an additional amount for private mortgage insurance ( PMI). Lenders require PMI to insure against the higher risk of default that occurs with loan-to-value (LTV) ratios greater than 80%. ( An LTV of 80% is equal to a down payment of 20%.)

Your housing ratio is your total monthly payment divided by your monthly gross income. Generally, the ratio should not be more than 28%. For example, if your monthly P+I+T+I payment is $1,400, your monthly gross income should be at least $5,000. Your debt ratio is the sum of your P+I+T+I and any other credit card or loan payments, divided by monthly gross income. Debt ratio will obviously be a higher percentage, since most people have other loans or credit card debt. Generally, your debt ratio should not be more than 36%. In this example, with monthly gross income of $5,000, your total loan payments (including the proposed mortgage loan payment) should not be more than $1,800. Mortgage lenders regularly use these 28% and 36% ratios as guidelines. The ratios change over the course of the economic cycle. When the economy is strong, lenders tend to raise the ratios, making it easier obtain a loan. When the economy is weak, lenders tend to lower the ratios, making it harder to obtain a loan. A weaker economy leads to lower interest rates, which makes it somewhat easier to qualify. You may wish to limit a home search to home prices that allow you to obtain a mortgage loan amount that is conforming. A conforming loan amount is within the annual limits set by Fannie Mae and Freddie Mac, two government-sponsored enterprises that focus on investing in residential mortgages. For 2006, the conforming loan amount for Fannie Mae- and Freddie Mac-

sponsored loans is $417,000. For Alaska and Hawaii, the limit is $625,500. A conforming loan allows you to avoid private mortgage insurance if you make a down payment of at least 20% on the home purchase price. If your mortgage loan is conforming, you will likely have an easier time finding a lender than if the loan is non-conforming. (A non-conforming loan is called a "jumbo" loan.) Generally, interest rates on conforming loans are lower than on non-conforming loans. How much of a home you can afford also depends on the amount of down payment you have saved. If you don't have one saved, consider these alternatives: Federal government mortgage-financing programs. The U.S. Dept. of Housing and Urban Development (HUD) and Dept. of Veterans Affairs (HUDVA) run loan programs for first-time homeowners and veterans of the armed forces. These programs require little or no down payment. Obtain private mortgage insurance. Private mortgage insurance, discussed above, allows you to make a down payment of as little as 5% of the home purchase price. Borrow against the value of your investments. Some financial institutions offer mortgages that are backed by the value of your investments. With these programs, your investment portfolio serves as the collateral for your mortgage. Borrow from your employer-sponsored retirement plan. Most employers allow you to borrow against the value of your 401(k) plan. (The IRS does not allow you to borrow from an IRA, however.) Remember that if you leave your job, you'll likely have to pay back the full amount of the loan immediately. Withdraw funds from an individual retirement account. While the IRS does not allow you to borrow from an IRA, it does allow penalty-free withdrawals of up to $10,000 for first-time homebuyers. However, you will owe income taxes on the amount of the withdrawal. State government housing programs. Most states have programs to help residents buy their first homes. In addition to a down payment, you should expect to pay closing costs on your home loan. How much you pay in closing costs depends in part on how many points you pay on your loan. One point is equal to 1% of the loan amount. Generally, closing costs range from 3 to 6 percent of the home purchase price. In addition to loan points, other major categories of closing costs include: Fees to process your loan application, review your loan documents and fund the loan. Payments to fund an impound account. These funds are used to pay your

homeowner's insurance and property taxes. Generally, you replenish an impound account as you make your mortgage payments. Fees for legal and appraisal services, credit review, and title search and insurance. You will also have moving expenses if you buy a home in a different city. If you move to another region of the country, you may also face a change in the cost of living. If you're moving to a new city to take a job, your new employer may reimburse you for these expenses. If not, you can deduct them from your taxes. You'll need to complete IRS Form 3903: "Moving Expenses." To compare the cost of living between cities, you may wish to visit the ACCRA website, a non-profit organization that provides cost-of-living indexes for more than 350 U.S. cities. The above information is educational and should not be interpreted as financial advice. For advice that is specific to your circumstances, you should consult a mortgage lender or financial adviser.

Selling your home


When you sell your home, you can use a real estate agent or you can seek to sell it yourself. If you sell it on your own, it is called a FSBO -- For Sale By Owner -- transaction. A FSBO transaction involves more of your personal time. You will have to show the home to prospective buyers and handle the entire marketing effort. A FSBO usually requires more than merely sprucing up your home and putting a "For Sale" sign in the front yard. If you decide to sell on your own, consider doing the following: Order an appraisal of your home's market value. You can find an appraiser through such organizations as the National Association of Master Appraisers ACCRA website, a non-profit organization that provides (NAMA). An appraisal generally costs between $250 and $500. Circulate an ad flyer with a photo and description of your home's attributes, address and phone number. Advertise in your local paper. A home that is being sold as a FSBO attracts buyers hoping for a lower price that comes with cutting out the real estate commission. Potential buyers will reason that, since you're saving as much as 6% of the home sale price by selling your home yourself, you're likely to be willing to negotiate a lower sale price. Hard work, patience and previous experience selling your own home may pay off. Other attributes certainly help, such as whether your home is located in a desirable neighborhood. If you use a real estate agent or broker, your home usually gets listed in a multiple listing service. An MLS listing helps to advertise your home to a wide audience. Agents also use an informal network of agents to pass along listings by word of mouth. (Note: You may have heard real estate agents referred to as "realtors." "Realtor" is a trademark-protected name and may only be used by agents that are licensed members of the National Association of Realtors). A real estate agent provides many valuable services, including: Recommends a sale price that is based on comparable sales. Comparable-sales data are published in the newspaper and elsewhere, but a real estate agent is generally able to compile it quicker. Locates and pre-qualifies potential borrowers and introduces them to mortgage brokers and lenders.

Handles all stages of negotiations between buyer and seller. Introduces you to appraisers or inspectors. Steers you through the loan-closing process. To find an agent, consider asking friends, family members or acquaintances for referrals. An agent should demonstrate knowledge of the local real estate market and have an established record of selling homes. The agent should be able to tell you how long they have sold real estate, what credentials they have and whether they work full- or part-time. Once you select an agent, have them prepare a listing agreement. A listing agreement is usually good for three to six months. You may want to include a provision in the agreement that lets you cancel the agreement if you feel little effort has been made in selling your home. Some agents may ask for an exclusive listing to sell your home, which means that only they can show your home. You should evaluate such a request carefully. Naturally, an exclusive listing gives an agent an added financial incentive to sell. However, an exclusive listing denies other agents the chance to sell your home at the same time. An open listing is the opposite of an exclusive listing. An open listing adds your home to the multiple listing service and provides the most exposure to potential buyers. Ask your agent to explain other alternatives for listing your home. In general, the wider the exposure to all homebuyers, the better off you are. Once you have found a buyer, you will prepare a sales contract. Depending on the state that you live in, drafting a sales contract may require a lawyer. Agents often help with this stage of the selling process by ensuring that all important terms and conditions are included in the contract.

Homeowner's Insurance Basic


Homeowner's insurance, also called property insurance, protects you from damages to your: Dwelling. A dwelling is the structure you live in. For coverage purposes, dwelling also includes any attached garages or units. A basic homeowner's insurance policy may also cover damage to detached structures on your property such as a shed or swimming pool. Personal property. Personal property includes furnishings and other belongings that you use, wear or collect. A basic policy insures these items from theft or peril-related damages. However, jewelry and other collectibles often require separate coverage. Liability. Liability coverage pays for accidents that occur on your property for which you are held responsible. Liability includes a neighbor being hurt on your property or someone tripping on your child's bike left on the sidewalk. Living expenses. In case you have to live elsewhere while your home is being repaired for a claim, a basic homeowner's insurance policy is likely to cover additional living expenses that you incur.

Like any other type of insurance, you pay a premium to buy a homeowner's insurance policy. An insurance company bases your premiums on: Claims in your area. An insurance company will look at the history of claims in your neighborhood to estimate a premium. For example, if your neighborhood has experienced a high rate of burglaries or wildfires, you will likely pay a higher premium. Your claims history. If you are renewing a homeowner's insurance policy and have made several claims, you should expect to pay a higher premium. In extreme cases, insurance companies may decide against renewing a policy. Value of your home. You can obtain policy coverage for the replacement value of your home or its actual cash value. Replacement cost coverage protects you from inflation in home-repair costs. Actual cash value insures your home for its current value. Actual cash value is likely to be lower than replacement-cost value for all but the newest homes since homes depreciate over time from age and use. Mortgage lenders generally require coverage for the replacement-cost value of your home. Deductible. A deductible is the amount you pay before the insurer begins to pay

your claim. By paying a higher deductible, you're sharing the insurer's risk of paying a claim on your home. As a result, the insurer is likely to offer a lower premium. Safety measures. Installing fire detection, sprinkler and theft-deterrent systems can help you to lower your premiums. You can also take steps to reduce the possibility of an accident occurring on your property.

Be sure to read your policy carefully to see what perils are covered and what are excluded. Damage from storms, lightning, fire and smoke is generally covered in a basic homeowner's insurance policy, but damage from earthquakes or floods is generally excluded. These perils, along with hurricane and tornado coverage, often need a separate policy or policy rider. Together with auto insurance, homeowner's insurance constitute what is called property & casualty insurance. P&C is distinct from life and health insurance. Some insurers offer P&C insurance while others do not. You may find that your current auto insurer is willing to issue you a homeowner's insurance policy. Like all insurance in the U.S., homeowner's insurance is regulated by state insurance commissions. The umbrella organization is the National Association of Insurance Commissioners (NAIC). The NAIC maintains a directory of state insurance commissions at its Web site. If you have any questions concerning policy coverage, exclusions or limits, contact the insurance agent or company that sold you the policy or your mortgage lender.

REAL ESTATE State Help

State Money for Housing and Real Estate While affordable housing has long held an important place on the Federal government's policy agenda, budget cutbacks in recent years have forced the government to turn over many housing responsibilities to the states. Housing finance agencies (HFAs) have been created by states to issue tax-exempt bonds to finance mortgages for lower income first-time homebuyers and to build multifamily housing.

States are involved in a host of initiatives throughout the broad spectrum of housing finance and development. Interim construction financing programs, which can reduce the basic costs of lower income housing projects, have been initiated in a number of states, together with innovative home ownership programs and programs directed toward rehabilitation and improved energy conservation. States are also venturing into areas, which have not received as much public sector attention until recently. By encouraging non-traditional types of housing, such as accessory units, shelters, and single room occupancy housing, states are addressing important elements of the housing market.

In Colorado, the state Housing and Finance Authority (CHFA) has issued more than $2.6 billions of bonds and notes since its establishment in 1973, providing housing for more than 47,000 families and individuals of low and moderate income; 27,200 first-time home buyers and over 20,500 rental housing units. In recent years the state has broadened CHFA's authority to allow it to develop finance programs to assist the growth of small business, help exports with insurance on goods sold overseas, and similar projects. Colorado has done more than simply help its citizens find housing: the programs have resulted in construction employment of more than 20,000 jobs, with wages estimated at almost $20 million in new local real estate taxes and an indirect gain of $1.6 billion for the state.

Wisconsin, Maine and New York each have between 18 and 20 programs including special ones for women and minorities, for disabled persons, and for environmental hazard removal.

Maryland operates 26 programs, including those to help people with closing costs and settlement expenses. It also has special funds available for the elderly and is developing an emergency mortgage fund to help people who have fallen behind in their payments. Nonprofit developers can also tap the state for money to build low cost rental units. Among Michigan's 29 programs and Minnesota's 25 are several for neighborhood revitalization. Minnesota also offers programs targeting the needs of urban Indians and migrant farm workers. Alaska, Oregon and Vermont offer financing for tenant acquisition of mobile home parks.

Funds are also available for persons who take steps to make their homes more energy efficient, for homeowners and landlords who remove lead paint from dwelling units, for houses without plumbing or those with plumbing that is dysfunctional, for handicapped persons, and to help landlords defray the costs of bringing low income housing into compliance with state and local housing codes. There are also funds for nonprofit organizations to acquire or renovate existing houses and apartments for use as group homes for special needs such as the mentally retarded. Real Estate In many states, elderly homeowners can look to the BFA to obtain financing and/or support services they

need to remain in their homes and avoid institutionalization. Some of the states have more than one agency dedicated to housing and we have attempted to list them all here. Also, many cities and counties "housing authorities" with additional programs. Check your local government listings for these. The following is a complete listing of state housing programs.

Housing Offices Alabama Alabama Housing Finance Authority 334-244-9200 PO Box 230909 800-325-2432 Montgomery, AL 36123-0909 E-mail:webmaster@ahfa.com Mortgage Revenue Bond Program: low-rate loans for income-eligible first-time homebuyers. Down payment Assistance Program: matching funds for lower income home buyers.

Access Alabama: financial assistance for lower-income homebuyers that are disabled with the down payment and costs of making the home accessible; in connection with the Bond Program. Low Income Housing Tax Credit Program: federal tax credits for owners of low income rental housing. HOME Program: provides additional opportunities for the production of affordable housing for low income families. Building Blocks to Homeownership: free seminars for new and prospective home buyers. Multifamily Mortgage Revenue Bonds: lower-than-market interest rates for developers of multi-family housing that reserve some of their units for very-low income renters. Alabama Multifamily Loan Consortium: long-term financing for affordable multifamily housing development and rehabilitation. Alaska Alaska Housing Finance Corporation P.O. Box 101020 Anchorage, AK 99510 I) 2) 3) 4) 907-338-6100 800-478-AHFC (AK) Email: ssimmond@ahfc.state.ak.ns www.ahfc.state.ak.us Mobile Home Program: low down payment for affordable homes. Veteran Mortgage Program: low interest loans to qualified veterans. Refinance Program: reduce monthly payments on existing loans. Non-Conforming Program: homes which cannot be financed through traditional financing. Rural No owner-Occupied Loan Program: financing to qualified borrowers for the purchase, construction, or rehabilitation of housing with up to 8 units in "small communities" in rural Alaska. Multifamily, Congregate and Special Needs Housing Loans: assists qualified nonprofit housing providers and for-profit companies in financing multifamily complexes for low and moderate income housing. Senior Housing Plan: potential borrowers may apply for financing to purchase, construct, rehabilitate or improve various kinds of housing that would meet the needs or person 60 or older. Energy Efficiency Interest: Rate Reduction Participants of an AHFC loan may qualify for an interest-rate reduction depending on the energy efficiency of their home. Affordable Housing Enhanced Loan Program: first-deed-of-trust loan where lower rates/cost secondary financing is provided by other agencies' programs for low to moderate income people. Assistance Provider Interest Rate Reduction: subsidized interest rates for housing with a live-in care providers for the physically or mentally disabled occupants. Association Loan Program: funds to Homeowners' Associations for common-area improvements if they threaten the health and safety of the residents. Conventional Loan Program: loans for borrowers that do not meet the criteria of other special AHFC programs for eligible property. Multifamily Federally Insured Loan Program: up to 85% of financing for the acquisition, rehabilitation, or refinance of existing multifamily properties.

First Time Homebuyer Program: loan programs for income eligible first item homebuyers. Interest Rate Reduction for First Time Homebuyers: interest rate subsidy for low income borrower. Loans to Sponsors: funding to sponsors of affordable housing for low to moderate income people or those living in remote, underdeveloped, or blighted areas of the state. Multi Family Loan Purchase Program: loans for the acquisition, rehabilitation, and refinance of multifamily properties with at least 5 units. Public Service Rental Program: higher loan-to-value and lower interest rate loans for qualified borrowers in areas designated as "very small" communities. Rural Initiative Housing Pilot Program: lower interest rates and relaxed financing requirements to buyers that purchase homes in the selected Pilot Communities of Bethel and Aniak. Rural Owner-Occupied Loan Program: financing for the construction or rehabilitation of a primary residence to qualified borrowers that live in "small communities" in rural Alaska. Second Mortgage for Health and Safety Repair: home improvements loans to qualified borrowers for home improvements; purchase of a home subject of an existing first deed of trust; funding for health and safety repairs to a financed property of AHFC. Second Mortgage Program: funds to qualified borrowers for home improvements or for the purchase of a home subject to an exiting first mortgage. Small Building Material Loan Program: financing for qualified borrowers to purchase materials to rehabilitate primary residences in areas that are defined as "small communities". Streamline Refinance Program: applicants can get financing secured by property that is currently financed by AHFC without income, credit, or appraisal qualifications. Arizona Arizona Department of Commerce Office of Housing and Infrastructure Development 602-280-1300 3800 North Central, Suite 150070 TDD: 602-280-1301 Phoenix, AZ 85012 Fax: 602-280-14 Email: webmaster@az.commerce.com www.commerce.state.az.uslhousing%20infrastructure.htm Low Income Housing Tax credits: federal income tax credits for owners of low income housing units. Arizona Housing Trust Fund: construction, housing rehabilitation, down payment, and closing cost assistance for low/moderate income home buyers. HOME Program: provides help for low income families with various housing needs from rehabilitation to rental assistance. Community Development Block Grant Program: develop viable communities by providing housing and a suitable living environment for low to moderate income people. Special Needs Housing Program: grants to provide planning, technical assistance, and services to groups that serve low-income special needs groups. Section 8 Vouchers and Certificates Program: rental subsidies to income eligible rural tenants. Arkansas Arkansas Development Finance Authority 100 Main Street, Suite 200 501-682-5900 Little Rock, AR 72201 www.state.ar.us/adfa HOME Program: funds are used for a variety of activities to develop and support affordable housing for low income. Eligible activities include: Tenant Based Rental Assistance, Rental Rehabilitation, and New Construction and Assistance for Homebuyers and Home Buyers. Low Income Housing Tax Credit Program: federal tax credits for owners of low income rental housing. Home To Own (Mortgage Revenue Bond Program): low-interest rate loans to low and moderate income first time home buyers. Down Payment Assistance Program: closing cost assistance for lowto moderate-income first time home buyers. Tax-Exempt Multi-Family Housing Bonds: below market rate loans for developers that agree to set affordable rental rates for low to moderate income families.

Housing and Real Estate California California Housing Finance Agency 916-322-3991 1121 L Street, 7th Room mail: webmaster@CHFA.CA.GOV Sacramento, CA 95814 www.chfa.ca.gov Self-Help Building Assistance Program: loans to nonprofit developers to provide temporary funding for assistance with land acquisition, site development and construction. Tax-Exempt Affordable Mortgage Program: permanent financing for developers and builders of newly constructed or acquired and rehabilitated multifamily units where at least 20% of the occupants have an income of 50% or less of the county median income. Special Needs Affordable Housing Lending Program: loans for all multifamily housing projects that serve at risk tenants that need special services. Preservation Financing Program: financing in order to preserve affordable rental housing for very low and low-income tenants. Bridge Loan Program: tax-exempt bridge loans for multifamily housing projects receiving 4% tax credits. Pre-development Loan Program: funding to help developers with land acquisition and pre-development costs of affordable multi-housing projects with CHFA. Single Loan Process: no fee to lock in an interest rate, on any date, for a loan to be delivered in the next 90 days. First-Time Homebuyers: loans for first time homebuyers for new or existing sing1e family homes. California Department of Housing and Community Deve10pment PO Box 952054 916-322-1560 Sacramento, CA 94252-2050 www.hcd.ca.gov California Indian Assistance Program: assists tribal organizations to obtain and administer housing, infrastructure community and economic development projects funds provided by federal and state agencies. HOME Program: assist communities and community housing development organizations (CRDOs) in activities that create or retain affordable housing. Mobile Home Park Resident Ownership Program: loans to mobile home park resident organizations, nonprofit housing sponsors, or local public agencies that are purchasing the park. Emergency Housing Assistance Program: grants to provide emergency shelters, transitional housing and services for the homeless. Farm worker Housing Grant Program: grants to provide owner occupied and rental units for year-round, low income agricultural workers and to rehabilitate those damaged by natural disaster. State (CBDG) General, Native American, and Colonial Allocations: funding for housing, community, and economic development projects serving lower income people in rural communities. California Self-Help Housing Program: assists low and moderate income families to bui1d and rehabilitate their homes with their own 1abor. Federal Emergency Shelter Grant Program: grant to fund emergency shelters, services and transitional housing for the homeless. Families Moving to Work Program: loans to Ca1 WORKS welfare reform program recipients for limitedterm housing assistance, childcare, employment assistance and other services. Housing Assistance Program: rent assistance for extremely-low and very-low income households in rural counties without housing authorities. Multifamily Housing Program: loans for new construction, rehabilitation preservation of permanent and transitional rental housing for lower income households. Office of Migrant Services: loans and grants to provide safe, decent and affordable seasonal rental housing and support services for migrant rental housing and support services for migrant farm worker families during peak harvest season. Rural Pre-development Loan Program: short-term loans for predevelopment costs of low income housing projects in rural areas. Urban Pre-development Loan Program: short-term loans for the initial cost of preserving existing affordable housing developments for the existing tenants. Child Care Facilities Finance Program: loan guarantees and direct loans for the development and or expansion of child care facilities, child development facilities and family child care homes. The Factory Built Housing Program: provide buyers of Factory Built Homes protection by ensuring that construction standards are met by overseeing their implementation and correcting variances in a fair

manner. The Manufactured Housing Program: to ensure the health and safety of person occupying, purchasing, renting or leasing manufactured homes, and commercial coaches. Mobile Home Parks Program: assures the health, safety and general welfare of mobile home park residents and provides them a decent living environment, and to protect their homes. Colorado Colorado Housing and Finance Authority 1981 BJake Street Denver, CO 80202 I) 303-297-2432 800-877-2432 TOO: 303-297-7305 www.colohfa.org Mortgage Credit Certificate Program: reduction of federal income tax for home buyers to pay their monthly mortgage. Rural Development Loan Program: loans for businesses in rural areas of Colorado. Mortgage revenue Bond Program: below market interest rate loan and cash assistance to help with down payment and c1osing expenses for low to moderate-income people. Forward Commitment Program: below market interest rate loan for c1ients of participating non-profits and Housing Authorities. Down Payment Assistance: low-interest 2nd mortgage loans to help eligible home buyers with down payment and closing costs; only availab1e to those who get CHFA Forward Commitment Loans. Taxable Bond Program: first mortgages at competitive interest rates inc1uding cash assistance for low to mediumincome home buyers. Housing Opportunity Fund: a flexible loan pool available to 501 (c) organizations and government entity sponsors to assist their very-low income homeowner c1ients. Rental Housing Loan Programs: Provides construction and/or permanent financing for the acquisition, rehabilitation, construction, or in certain cases, refinancing of rental housing. Small Affordable Renta1 Transaction (SMART): provides long term financing for smal] rental housing projects; also minimizes the paperwork, document costs and the time it takes to close the loan. RENEW Colorado: financing to businesses that include waste diversion or recyc1ing activities in their business. Quality Investment Capital Program: long-term fixed-rate financing for small businesses. Quality Agricultural Loan Program: financing for land, equipment and machinery to farm and ranch operations.

Connecticut Connecticut Housing Finance Authority 999 West Street Rocky Hill, CT 06067 860-721-9501 Home Buyer Mortgages: below market interest rates for first time low or moderate income homebuyers that purchase moderate priced homes. Rehabilitation Mortgage Loan Program: loans to income eligible first time home buyers that purchase a home that needs to be repaired; refinancing of a home in need of repair for income eligible homeowners. Homeownership Program: mortgages for public housing tenants and certain public assisted housing residents that meet income requirements; a home buyer education seminar must be attend. Police Homeownership Program: low-interest rate mortgages to police officers that purchase a home in certain communities; must not have owned a home within the past 3 years unless they purchase in targeted areas. Down payment Assistance Program: down payment assistance to eligible home buyers; closing costs assistance to low income buyers in the Homeownership Program. Apartment Conversion for the Elderly: funding for elderly homeowners so they can renovate or add an addition on their home to create an accessory apartment to provide rental income. Reverse Annuity Mortgage Program: elderly low income homeowners can use the equity in their home as tax-free income which can be repaid after their death or when they no longer occupy the home. Community Development and Preservation Loan Fund: financing for developers to acquire, rehabilitate, and/or construct one to four family housing for income eligible buyers. Multifamily Rental Housing Program: construction and permanent first mortgages to developers that build or rehabilitate affordable housing where some units are set aside for low income residents.

Common Interest Community Common Element Repair Program: financing for repairs to common elements of condominiums and housing cooperatives where other financing is not available. Mobil Manufactured home Parks Pilot Program: financing for resident associations and certain non-profits to purchase mobile home park land to convert it to condominium or cooperative ownership. Low-Income Housing Tax Credit: federal tax credits for developers of rental housing for low income tenants. Employer Assisted Housing Tax Credit Program: state tax credits to employers that create loan funds for low and moderate income employees so they can purchase or rent a home. Housing Tax Credit Contribution Program: tax-credits to non-profits that develop, sponsor or manage housing for very low, low, and moderate income individuals or families.

Real Estate Delaware Delaware State Housing Authority Division of Housing and Community Development 302-739-4263 18 The Green TDD: 302-739-7428 PO Box: 1401 Fax: 302-739-6122 Dover, DE 19901 www2.state.de.us/dsha Single-Family M011gage Revenue Bond Program: low interest loans to first-time home buyers with low and moderate income. Housing Development Funds: loans to developers of housing for low and moderate income persons and families. Housing Rehabilitation Loan Program: loans to low- to moderate income homeowners or landlords who rent to low-income tenants of $35,000 for ten years at 3% for repairs or handicapped accessibility modulations. Subsidized Rental Housing Assistance Programs: money to provide subsidies for low and moderate income rental housing in specified counties. Community Development Block Grants: funding to maintain or improve housing of low/moderate income households. Family Assisted Interest Rate Loans: first time homebuyers mortgage assisted at below market interest rates. Second Mortgage Assistance Loan Program: down payment and closing costs assistance for first time homebuyers. Emergency Shelter Grant Program: federal funds for local communities to rehabilitate, expand and operate emergency shelters. HOME Program: designed to expand affordable housing through tenant and homebuyer assistance, rehabilitation, and new construction. 10) Delaware Housing Partnership Program: second mortgages for settlement assistance to low to moderate income families purchasing homes in targeted new construction subdivisions. II) Acquisition/Rehabilitation Loan Program: loans for low-and moderate-income first time buyers to purchase homes that are in need of repairs and then get a 3% interest loan to make the repairs with one application. 12) Neighborhood Revitalization Fund: low-interest loans to help entire communities restore their homes to State Housing Code standards. 13) Section 8 New Construction (See 8 NC): affordable housing to very low-income people at 30 different sites in the state where participants pay about 30% of their income for rent. 14) Low Income Housing Tax Credit: federal income tax credit to owners and investors of affordable rental housing that rent to low-income tenants. 15) Housing Capacity Building Program: a range of assistance to providers of alterable housing to increase their capacity to build and maintain the housing.

District of Columbia District of Columbia Department of Housing and Community Development 801 North Capitol Street, NE, Room 225A 202-442-7200 Washington, DC 20002 www.dhcd.dcgov.org Horne Purchase Assistance Program: low or no interest loans for low and moderate income home buyers. First Right Purchase Assistance Program: low cost loans for low and moderate income individuals and tenant groups to exercise their right to purchase their rental housing that is being offered for sale. Homestead Housing Preservation Program: repossessed properties are sold to eligible District residents at low cost and with deferred payment loans. Distressed Properties Improvement Program: tax incentives to encourage the repair of occupied or vacant rental housing and retain low-income residents. Housing Finance for the Elderly, Dependent and Disables: loans for the development of housing for special needs households. Low Income Housing Tax Credit Program: tax credits for owners of low and moderate income rental housing. Single-Family Housing Rehabilitation Program: low cost financing for the rehabilitation of one to four unit low income housing in designated areas. Handicapped Access Improvements Program: grants to remove barriers and improve accessibility; for homeowners or landlords on behalf of handicapped tenants. D.C Employer Assisted Housing Program: grants and deferred loans to first-time home buyers that are employees of the District of Columbia government. 10) D.C Metropolitan Police Housing Assistance Program: assistance to members of the Metropolitan Police Department for down payment and closing costs. II) Homeownership Developer Incentive Fund: grant to development entities to lower the development costs so that they are affordable to low and moderate income residents. 12) Senior Citizen Horne Repair and Improvement Program: loans to senior citizens so that they can make emergency repairs to their home that would otherwise threaten their health and safety. Apartment Improvement Program: technical assistance to rental housing owners to make comprehensive property improvement plans that involve a cooperative effort between owners, renters and financial institutions. Construction Assistance Program: assistance to nonprofit land trusts to develop acquired lands and buildings to create low and moderate income housing. Community Land Acquisition Program: assistance to nonprofits to acquire land and building to create low and moderate income housing. Housing Production Trust Fund Program: financial assistance to developers for the planning and production of low to moderate income housing and related facilities; there are a wide range of housing initiatives concerning housing production and preservation. Florida Florida Housing Finance Corporation 227 North Bronaugh Street, Suite 5000 Tallahassee, FL 32301-1329 Email: 850-488-4197 Fax: 850-488-9809 infor@floridahonsing.org www.floridahousing.org First- Time Homebuyer Mortgage Revenue Bond Program: below market rate financing for first-time home buyers with low/moderate income. State Apartment Incentive Loan Program (SAIL): low rate financing for developers who build or rehabilitate rental housing that is affordable to very low-income people. HOME Program: provides states their opportunity to administer federally funded homeownership housing programs. State Housing Initiatives Partnership Program (SHIP): funds for the development and maintenance of affordable housing through public/private partnerships.

HOME Rental Program: mortgage loans to construct, rehabilitate, or acquire and rehabilitate affordable housing for low-income households. Housing Credit Programs: federal tax reduction to acquire and rehabilitate or construct rental housing units for low and very low income renters. Florida Affordable Housing Guarantee Program: issues guarantees on obligations of the filing of affordable housing in order to encourage lending activities. Predevelopment Loan Program: financial assistance to non-protIts with limited or no experience that develop affordable housing for very low or low-income households. Multifamily Revenue Bonds: below market rate loans to developers who set aside 20% of the units to lowincome or 40% of units to very low-income persons. Home Ownership Assistance Program: 0% interest, non-amortized 2nd mortgage loans to low-income families; 3% interest rate loans for nonprofits to developer or substantially rehabilitate affordable housing. Georgia Georgia Department of Community Affairs 60 Executive Parkway South, Suite 250 404-679-4840 Atlanta, GA 30329 www.dca.state.ga.ns Low Income Housing Tax Credit Program: federal income tax credits to construct or rehabilitate low/moderate income rental housing. Section 8 Existing Rental Housing Assistance Program: rental subsidy payments to landlords of low income individuals or families. Housing Trust Fund for the Homeless: funding for transitional housing and services to homeless individuals and families. Appalachian Regional Commission: grants for site development and technical assistance for low and moderate income housing projects. Emergency Shelter Grant Program: grants to shelter facilities for their operation and for the essential services for the homeless they provide. Community Housing Development Organizations Program: long term financing for the acquisition, rehabilitation, and/or construction of rental and ownership housing developments of 12 or more units for low or moderate income households. Housing Opportunities for Persons with AIDS Program: direct subsidies of Federal fnnds to nonprofit groups that operate housing and provide supportive services to people with AIDS and related diseases. Home Buyer Program: low interest rate mortgages to quailed first time home buyers. Own Home Down payment Program: loan to cover most of the down payment, closing costs and prepaid expenses to first time home buyers. 10) Multifamily Housing Resource Bank Financing Program: long term low interest rate loans to develop or rehabilitate multifamily rental housing of 12 or more units for low and moderate income households. II) Appalachian Housing Fund: cash grants for improvements in association with the construction or rehabilitation of affordable housing in a targeted area. Community Development Block Grant Programs: grants programs

Housing and Real Estate including those for housing improvement projects, and economic development projects. Immediate Threat and Danger Grant Program: grants for activities to fix existing conditions that pose a serious and immediate threat to the health and welfare of the community. Empowerment Zones/Enterprise Communities: federal funds to support economic, community, housing and social support programs. Next Step Program: provides rental assistance to homeless people. Job Tax Credit Program: tax credits to businesses that create jobs in specified areas. Better Hometown Program: public/private partnership that gives technical assistance and advice to small towns in order to revitalize their downtown's. Best Practices Technical Assistance Program: technical assistance to groups that offer services to homeless people. Local Development Fund: matching grants to fund community improvement projects. Appalachian Region Business Development Fund: revolving loan fund to finance eligible projects that create or save jobs in the Appalachian area. Downtown Development Revolving Loan Fund: loans to eligible applicants to carry out downtown

development projects. Regional Assistance Projects: funds to support the development of multi-county and regional development projects. Employment Incentive Program: financing that can be used with private financing for economic development projects that employ low and moderate income people. Hawaii Hawaii Housing and Community Development 1002 North School Street Honolulu, HI 96813 808-832-6020 Homeless Program: shelter and social] services for homeless families and individuals. State Rent Supplement Program: rent subsidies to tenants in approved projects. Section 8 Housing Voucher Program: rental housing subsidies Hula Mae Single Family Program: low interest loans to first-time home buyers. Mortgage Credit Certificate Program: direct federal tax credit to potential home buyers so that they have more available income to qualify for a loan and to help make payments. Housing Alteration Revolving Loan Fund Program: low interest loans to persons with physical disabilities to adapt their home or rental unit. Lease Rent Renegotiation Program: arbitration of a lease renegotiation for one and two family residences leased by cooperative housing corporations. Down payment Loan Program: down payment loans for borrowers that meet certain criteria. Low Income Housing Tax Credit: tax credit for developers that construct or rehabilitate affordable rental housing. 10) Seed Money Loan: loans or grants to help with the costs to initiate a low to moderate-income housing project. Idaho Idaho Housing and Finance Association 208-331-4882 565 West Myrtle TDD: 800-2]9-2285 P.O. Box 7899 Email: about@ihfa.org Boise, ID 83707-1899 www.ihfa.org Section 8 Rental Assistance Program: assistance for low income households to meet costs of rental housing. HOME Program: funds used for the construction and rehabilitation of affordable rental housing for low income families across the state. Finally Self-Sufficiency Program: recipients get assistance to eventually free themselves of federal and state welfare assistance. Public Housing In Idaho: IHFA operated public housing in target areas where lower income renters pay 30% of their income towards rent. Housing Opportunities for Persons Living with HIV/AIDS: 45 units with rental assistance to people who have a family member with HIV/AIDS. Emergency Shelter Grants Program: grants to improve the quality of emergency homeless shelters. Supportive Housing Program: supportive housing services to help the homeless with the transition to independent Jiving; long-term assisted housing for persons with disabilities; supportive services for hard-to reach homeless person with severe mental illness. Shelter Plus Care Program: rental and supportive services for seriously mentally ill homeless people. Homeless Program Assistance: technical assistance for participants of Homeless Assistance and Emergency Shelter Programs. 10) First Time Home Buyer Program: low interest rate loans for first time low-to-moderate income home buyers. 11) Finally Home! Program: after pleting the education, program participants may be eligible for financial assistance to purchase a home. Illinois Illinois Housing Development Authority 401 North Michigan Avenue, Suite 900 Chicago, IL 606] I I) 3]2-836-5200 800-942-8439 TDD: 3]2-836-5222 www.ihda.org

low interest mortgages for first First Time Home Buyer Program: time income-eligible home buyers. Affordable Housing Trust Fund: grants and loans to profit and nonprofit developers of low income housing projects. HOME Program: this program is deigned to expand the availability of affordable housing for low and very low income persons. Mortgage Credit Certificate Program: federal tax credit to first-time income eligible home buyers. Low-Income Housing Tax Credit: tax credit to investors for new construction and rehabilitation of rental housing for low-income families. Multifamily Programs: low interest loans to build or rehabilitate income housing. Indiana Indiana Housing Finance Authority 115 West Washington Street 317-232-7777 Suite 1350, South Tower 800-872-0371 Indianapolis, IN 46204 www.state.in.us/ihfa First Time Home Program: loans to first time homebuyers below the market rate. Mortgage Credit Certificate Program: tax credits to low and moderate families to purchase a single family residence. Rental Housing Tax Credits: federal tax credit to owners of low income rental housing. Low Income Housing Trust Fund: funds for development of low income housing, permanent or transitional. HOME Program: funds used for a number of different purposes to create affordable housing. First Home 100 Program: works with the First Home and Rural Development Direct Loan programs for further financial assistance to eligible home buyers. First Home/One Down Program: O%interest forgivable loan to assist qualified first-time home buyers with a down payment. First Home/PLUS Program: a 5%-10% down payment assistance loan at 0% in conjunction with a First Home Loan. Community Development Block Grants-funding to create affordable housing for low and very low income families. 10) Mark-to-Market Program: subsidies to bring rent down to market level. II) Build-A-Home: grants to non-profit developers for construction or rehabilitation of single-family homes. Iowa Iowa Finance Authority 100 East Grand, Suite 250 Des Moines, IA 50309 1) 515-242-4990 800-432-7230 Fax: 5]5-242-4957 www.ifahome.com Mortgage Credit Certificate Program: tax credits of up to 25% of the interest paid annually on home loans. Low Income Housing Tax Credit Program: federal tax credits for owners of low income rental housing. Housing Assistance Fund Program: funding for multifamily rehab and construction, rent subsidies, group homes, shelters, and other housing projects. Down payment/Closing Cost Grant Program: matching grant for low and moderate-income families of up to 5% of their mortgage to pay closing costs, down payment or necessary repairs. First-Time Home Buyer Mortgage Loan Program: low interest rate mortgage loans for first time homebuyers. H.I.R.E. Program: to help developers finance the construction of new homes in rural areas. Rural Home Building Initiative: grants to increase the construction of affordable homes in specified rural areas. Economic Development Loan Program: loans to promote the development and expansion of family farming, soil conservation, housing and business within Iowa.

Iowa Comprehensive Petroleum Underground Storage Tank Fund Program: money to help tank owners and operators clean-up leaking underground storage tanks. Iowa Sewage Treatment Works Financing Program: grant to help pay for upgrades to local waste water treatment facilities. Correctional Facility Program: assistance to finance the construction or renovation of correctional facilities.

Real Estate Kansas Kansas Department of Commerce and Housing 700 SW Harrison, Suite 1300 Topeka, KS 66603 www.kansascommerce.com Low Income Housing Tax Credit: tax credits for developers who rent to low income families. Emergency Shelter Grant Program: grants to local government agencies to provide emergency shelters for the homeless, Winterization: a multi-funded program used to increase energy efficiency in low income homes. First Time Homebuyers Down Payment Assistance Program: loans for qualified home buyers for down payments, closing costs, and legal fees associated with the purchase. Kansas Housing Cost Analysis Program: through public-private partnerships, newly constructed home are offered for sale to income eligible families. Homeowner Rehabilitation of Existing Property Program: funds to help homeowners to repair and rehabilitate their property; priority is given to elderly homeowners and families with school-age children. Homeowner Emergency Rehabilitation Opportunities: helps homeowners to make emergency repairs and rehabilitate their property in order to qualify for winterization assistance. Interim Development Loans: financial assistance to aid difficult-to develop rental housing projects. Community Housing Development Organizations Program: loans for non-profit developers to construct, purchase or rehabilitate rental housing. 10) Tenant-Based Rental Assistance Program: grants to the owner of a rental unit to help renters with monthly rent payments. II) Permanent Housing for Homeless Persons with Disabilities: funding for long-term housing facilities with supportive services for disabled homeless persons. 12) Community Services Block Grant: funding for community action agencies to combat the causes and conditions of poverty in the community. 13) Compliance Monitoring: technical assistance for private property managers to maintain the financial and physical integrity of housing properties. 14) Kansas Housing Partners Program: provides information and technical service related to housing for individuals and communities. 785-296-348 I 800-752-4422 Kentucky Kentucky Housing Corporation 1231 Louisville Road Frankfort, KY 40601 1) 502-564-7630 800-633-8896 TTY: 800-648-6056 www,kyhousing.org Home Ownership Program: low interest loans to home buyers who currently do not own property and meet income requirements. Kentucky Appalachian Housing Program: site development grants and loans for housing development in 49 eastern KY counties. Rental Deposits Surety Program: assistance with utility and security deposits for low income households. Low Income Housing Tax Credits: federal tax credits for owners of low income rental housing. Down Payment Assistance Program: low-interest loan for down payment and closing costs to qualified home buyers. Homeownership Trust Fund: low fixed interest rate for very low income families with special needs.

Yes You Can...Owen A Home Program: free homeownership education program, Homeownership Counseling Program: homeownership coursing services to eligible potential homebuyers, New Construction/Substantial Rehabilitation Program: funds to create or. substantially rehabilitate housing to make it affordable for very low-income residents, Housing Choice Voucher Program: recipients can locate and rent a dwelling that meets the guideline on their own; provides rental assistance. Family Self-Sufficiency Program: rental assistance and supportive services for very low-income people that are willing to commit to a goal of being free of government assistance. Risk Sharing Program- Low interest, permanent rate financing to developers of new construction or substantial rehabilitation of apartment units. Assisted Living Program: low interest rate financing to developers of housing/service units for the elderly. Mark-to-Market: assistance to owners of properties with expiring Section 8 contracts to achieve market-rate rents and affordable rental units. Small Multi Family Affordable Loan Program: loans to be used for construction and/or permanent financing of rental housing development not exceeding II units for lower-income people, Special Needs Assistance Program: loans to non-profits for construction and/or permanent financing of rental housing developments not exceeding II units for extremely low and low income special needs population. HOME Program: programs to fund affordable housing production and rehabilitation. Nonprofit Housing Production and Repair Program: very low-interest loans for the production and repair of lower-income housing. Housing Development Fund: flexible loan terms and low-interest rates to build affordable housing. Repair Affair: assistance to homeowners that do not qualify for other existing programs to complete needed home repairs. Continuum of Care Programs: variety of programs that offer transitional housing, rental assistance, supportive services, and permanent housing for disables homeless persons and operating funds for emergency shelters. Affordable Housing Trust Fund: funds to acquire, rehabilitate and/or build housing for very low-income residents, Housing Opportunities for Person with AIDS: funds to meet the housing needs of people with AIDS or related diseases. Renaissance Kentucky: assists communities to revitalize their downtowns. Louisiana Louisiana Housing Finance Agency 200 Lafayette Street, Suite 300 Baton Rouge, LA 70801 1) 225-342-1320 Fax: 225-342-1310 www.1hfa.state.1a.us Multifamily Bond Issues: financing available for developers of low and moderate income housing developments. HOME Assistance Program: assistance when purchasing a home for qualified individuals that reduces the down payment and related costs. Mortgage Revenue Bond Non-Assisted Program: loans to first time income eligible home buyers of a 1-4 owner occupied home. Mortgage Revenue Bond Assisted Program: loan of 4% of the mortgage to help first time income eligible home buyers with downpayment and closing costs. Low Income Housing Tax Credit: federal tax credits to developer/ owners of rental units for low income families. HOME-funded Rental Programs: financing to private owners/ developers and nonprofits for construction, acquisition, and/or rehabilitation of small and large rental properties for very low, low, and moderate income families. ) Maine Maine State Housing Authority 353 Water Street Augusta, ME 04330 207-626-4600 800-452-4668 Fax: 207-626-4678 TTY: 800-452-4603

www.mainehousing.org Homeownership Program: low down payment and low rate financing for first-time income-eligible home buyers. Purchase Plus Improvement: home improvement loans for borrowers to make immediate repairs. Rental Loan Program: below market rate loans for new or rehabilitated rental housing affordable to low and very low income households, Housing Program: funding to operate or improve shelters. Low Income Energy Assistance Program: offers assistance to fuel vendors to provide heating for low income homeowners and renters. Closing Cost Assistance: a loan of 2% of the mortgage to eligible applicants to cover closing costs. Don Home Loans: allows a minimum cash contribution of $750 or $1,000 in out-of-pocket expenses for income-eligible borrowers. New Neighbors Program: special financing to buy a home in innercity, low income neighborhoods in specified areas. Great Rate Program: low interest rate for low income applicants; a homebuyer education course must first be completed. Lead Hazard Control Program: grants and loans to low income homeowners and renters with a child under 6 in the household to get rid of lead-based paint problems. Residential Energy Assistance Challenge Program (REACH): program to help low-income households reduce their energy costs. Winterization/Central Heating Improvement Program: del8ivers winterization and central heating repair/replacement to low income homeowners and renters. New Lease Program: reduced interest rate loans for the acquisition and rehabilitation of housing for low and very low income renters. Assisted Housing Management Oversight: assistance to maintain financial and physical viability of subsidized housing to very low and low income elderly, disabled and families. Tenant Assistance Program: federal rent subsidies to very low income elderly, disabled, or families. Supportive Housing Program: reduced interest rate mortgage financing and subsidy funding for nonprofits to create housing for person who need supportive housing and services.

Housing and Real Estate Maryland Depat1ment of Housing and Community Development 100 Community Place Crownsville. MD 21032-2023 I) 410-5]4-7700 800-756-0119 TTY: 410-514-7531 www.dhed.state.md.us Mortgage Program: below-market interest rate mortgage financing for low and moderate income first time home buyers. Housing Rehabilitation Program-Single Family]y: loans to limited income homeowners and owners of small nonresidential properties to preserve and improve the properties. Group Home Financing Program: low interest, no interest deferred payment loans to nonprofit organizations to purchase and modify housing for use as group homes and shelters. Rental Allowance Program: subsidies to very low income individuals with emergency needs or that are homeless. Multifamily Bond Program: below-market financing for low income multifamily rental housing development. Partnership Rental Housing Program: loans for local governments and housing authorities for development or acquisition of low income rental housing. Accessory, Shared and Sheltered Housing Program: low rate loans to finance additions and improvement to create accessory, shared or sheltered housing for low income households. Indoor Plumbing Program: low rate loans to provide indoor plumbing. Section 8 Existing Certificate voucher Program: rent subsidies for low income households. Low Income Housing Tax Credit Program: federal tax credit s to owners of low income rental housing. Shelter and Transitional Housing Facilities Program: provides grants to improve or create transitional housing and emergency shelters. Homeownership Opportunities for Teacher Initiative: 5% interest rate for teachers that teach in Maryland's public schools during the first 3 years of the loan.

Down payment and Settlement Expense Loan Program: borrowers through the Mortgage Program can get a 0% loan to help cover settlement expenses. Live Near Your Work Program: employees that purchase a home near their work in targeted areas receive a grant for costs associate with the purchase of a home. Lead Hazard Reduction Grant and Loan Program: funds to homeowners and landlords to reduce or eliminate lead-based paint hazard. Winterization Assistance Program: low interest rate loans assist eligible low income households to install energy conservation materials. HOME Program: funds for the construction, acquisition and rehabilitation of rental housing. owner occupied housing, and special needs housing. Housing Capacity Assistance Program: funding for nonprofits to expand technical capacity to produce housing. Office and Commercial] Space Conversion Initiative: financing to convert older offices and commercial space downtown into new affordable rental housing. Special Targeted Area Rehabilitated Program (STAR): funds to help single family home owners to bring their property up to code.

Massachusetts Massachusetts Housing Finance Agency One Beacon Street Boston, MA 02108 General Lending: special loans buyers. Home Improvement Loan Program: loans for owner-occupied homes for needed repairs and to correct violations. Project TAP (Tenant Assistance Program: training for project residents and management for drug-and alcohol-related problems. Low Income Housiug Tax Credit Program: federal tax credits for owners of low income rental housing. Elder Choice Program: fills the gap between independent living and a nursing home by providing a homelike setting coupled with on-site services that support the needs of frail elderly persons. Mortgage Insurance Fund: provides private mortgage insurance on mortgage loan down payments below 20%. Get the Lead Out Program: provides loans, some at 9% interest for owners of I to 4 family homes to remove lead paint. Homebuyer Counseling Program: educates first-time home buyers of the home buying process. Reopportunity: be]low-market-rate mortgages for qualified buyers of MHFA-held foreclosed properties. Fresh Rate Program: loan of 4% of the Joan amount for down payment and dosing cost assistance to qualified buyers. Septic Repair Loan Program: financial assistance for income eligible homeowners to repair a failed septic system. 80/20 Program: tax exempt and/or taxable financing to acquire, 1) 6]7-854-1000 TTY: 6] 7-854-1025 www.mhfa.com for income eligible first time home rehabilitate and/or construction of multifamily rental units that reserve 20% of units for low-income renters. Expanding Rental Affordability Program: assistance for rental housing where at least 20% of the units are set aside for low income renters. Demonstration Disposition Program: funding to renovate developments in specified areas. Resident Relocation Program: assistance for Demonstration Disposition residents to relocate. Options for Independence Program: financing to community based residences for previously mentally institutionalized person, homeless mentally ill, and other special needs persons. Bridge Loan Financing: for developers of low income rental housing in conjunction with

construction/permanent financing. 504/ ADA Technical Assistance: technical assistance for housing providers, residents, applicants, and service providers. Youth Resident Activities Program: programs and activities for youths that reside in MHFA properties in specified areas. Massachusetts Department of Housing and Community Development One Congress Street, 10th Floor 617-727-7765 Boston, MA 02] 14 www.magnet.state.ma.us/dhcd Section8 Certit1cateNoucher Programs: rent subsidies for very low income families, the elderly and the disabled. McKinney Emergency Community Services Homeless Grant: helps homeless individuals and those at risk of becoming homeless through eviction or foreclosure. Weatherization Assistance Program: funds for full scale energy conservation services in low income households. Community Service Block Grant: provides funds for designated community action agencies to enhance the quality of life among the poor. Local Initiative Program: technical assistance to comminutes and developers that are working together to create housing that sets aside 24% of units for low and moderate income households. Homeownership Opportunity Program (HOP): reduced rate first mortgage loans to buyers of HOP units. Community Enterprise Economic Development Program: assistance for residents and their local community development corporation to revitalize their neighborhoods. Homeless Intercept Program/Housing Services Program: supportive services for people in a housing crisis situation to find housing. Community Food and Nutrition Program: nutrition education activities to unemployed and low-income people. Neighborhood Housing Services program: support for agency or individual housing rehabilitation projects. Heating Emergency Assistance Retrofit Task Weatherization Assistance program (HEARTW AP): provides heating system repair and replacement services to low-income households. Low Income Home Energy Assistance Program: helps low-income households to pay winter heating bills. Low Income Sewer And Water Assistance Program: financial assistance to homeowners that have excessive water and sewer bills. Community Development block Grant Program: variety of programs that fund housing and/or public facilities and infrastructure programs. Demolition Grant Program: helps communities to destroy abandoned building that pose health and safety risks. Michigan Michigan State Housing Deve]opment Authority 40] South Washington Square PO Box 30044 Lansing, MI48909 Single-Family Home Mortgage: homes and condominiums. Michigan Mortgage Credit Certificates: federal income tax credits that give home buyers more income to qualify for a mortgage. Property Improvement Loans: home improvement loans for owner and non-owner occupied homes over 20 years old at a low interest rate. Section 8 Existing Rental Allowance Program: rent subsidies for very low income person s who find their own housing in private homes and apartment buildings. Moderate Rehabilitation: subsidies to landlords for rehabilitation of units with low income families. RehabiEtation Assistance Program: provides loans to very low income families to make improvements on their homes. Low Income Housing Tax Credit Program: federal tax credit for owners/developers ofJow income rental housing. Contractor's Assistance Program: provides working capita] loans to small contractors who have been selected to work on rental housing projects Taxab]e Bond Program: loans for rental housing where most tenant

I) 517-373-8370 TTY: 800-382-4568 Fax: 517-335-4797 low interest loans for single-family State Money for Housing and Real Estate 5) Mortgage Program; grant funds help lower construction costs for developers, reduce home prices, create low interest loans, and assist with down payments and closing costs. Disabled Accessible Affordable Homeownership Program: assists people with disabilities to acquire affordable architecturally accessible homes enabling them to live independently. Risk Sharing Program: permanent mortgage financing for affordable rental housing to low income people. General Obligation Program: mortgage underwriting, loan management, and financing for affordable rental housing developments that rent to low income families. Single Family Bond Program: assists low and moderate income people in the purchase of a first home; in targeted areas it d03es not need to be a first time purchase. HOME Program: funds to government and community housing organizations to create affordable housing, and provide financial and technical assistance for low income persons. Section 8 Housing Program: subsidies for rent and utilities to very low income families. Nebraska Nebraska 1nvestment Finance Authority 402-434-3900 200 Commerce Court 800-204-NIFA 1230 "0" Street TOO: 800-833-7352 Lincoln, NE 68508 www.nifa.org/nifa.htmi Agricultural Finance Programs: low interest rate loans to farmers and ranchers. Low Income Housing Tax Credit Program: federal tax credits for owners oflow income housing Single Family Home Ownership Program: loans for first time homebuyers that are income eligible. Affordable Housing Trust Fund: funds to help low income households obtain affordable housing. Technical Assistance Review Process (T ARP): provides technical assistance on financial resources, applications, housing projects and more. Homebuyer Assistance Program: down payment and closing cost assistance to participants of the Single Family Program Mortgage. Community Empowerment Resource Fund: development of affordable small rental projects in rural areas for low and moderate income people. Nevada Nevada Housing Division 1802 North Carson Street, Suite 154 Carson City, NV 89701 1) 775-687-4258 800-227-4960 Email: nhd@govmail.state.nv.us www.state.nv.us/b&i/hd/index.htm Single Family Mortgage Program: loans to moderate income families with no previous home ownership interest in the past 3 years. Down Payment and Closing Cost Loan Program: loans to income qualified people to help with down payment and closing cost. Multi-Family Project Bond Financing Program: funding to developers of affordable housing projects. Federal Tax Credit Program: tax credits to developers of low and very low income housing. HOME Program: federally funded programs to expand the number of ritual housing and improve ownership opportunities for low income people. Low Income Housing Trust Fund: provides matching funds for the HOME Program; funding to counties for emergency assistance for needy families and to expand the supply of rental housing and homeownership opportunities. New Hampshire New Hampshire Financing Authority

P.O. Box 5087 Manchester, NH 03108 www.nhhfa.org Single-Family Mortgage Program: low qualifying individuals and households. Affordable Housing Fund: funds to support rental housing, group homes and manufactured housing co-ops for low income people. Home Keeper/ Home Equity Conversion Program: loans to help seniors meet living and medical expenses while retaining ownership and residence in their own homes. Section 8 Housing Choice rental Assistance Program: rental assistance for low income households. Low Income Housing Tax Credit Program: tax credits for owners of low income rental housing. Supportive Services Program: technical assistance and training to managers of senior housing complexes so that they can provide quality supportive services for seniors. Home of Your Own Program: provides homeownership opportunities 1) 702-687-5747 800-640-7239 TOO: 603-472-2089 Fax: 603-472-8501 interest mortgage funds to for developmentally disabled people that are income eligible. HOME Rental Housing Production Program: provides funds to support the development of rental housing opportunities for low and very low income households. First-Time Home Buyer Seminars: free seminars on the process of buying a home. HELP Program (Housing Expense Loan Program): closing cost funds to income eligible home buyers. Purchase Rehab Program: loans to eligible new homebuyers to make improvements to a home in need of repair. Mortgage Assistance Program (MAP): monthly mortgage subsidies to very low income borrowers with minor children in the household. Special Needs Housing: permanent financing for the development of rental housing for low and very low income special needs people that also provide social services. Housing Finance Fund: funds for short-term construction and bridge financing for new or rehabilitated rental housing. Tax Exempt Bond Financing: for multifamily housing that rents to moderate, low and very low income people. Housing to Work Rental Assistance Program: rental assistance to families that either are eligible or are currently receiving TANF funds and sign an employment agreement. Family Self Sufficiency Program: families receiving Section 8 rental assistance that participate in a program to become economically self sufficient. HOPE-EI Program: section 8 rental assistance and supportive services for trail seniors so they can remain in independent living. Section 8 New Construction/Substantial Rehabilitation: rental assistance to eligible persons that live in housing complexes financed by NHF A's tax exempt bonds or other public, private sources. Emergency Housing Program: short term rental assistance to eligible households when municipalities cannot help them. New Jersey New Jersey Housing and Mortgage Finance Agency 609-278-7400 6375 Clinton A venue 800-NJ-HOUSE Trenton, NJ 08650-2085 www.state.nj.us/dca/hmfa/index.htm Home Buyers Program: low interest loans to urban area, income eligible, first-time buyers with a 3% downpayment. Home Plus Program: low rate financing for income-eligible first time home buyers in urban areas that need immediate home improvements. Home Ownership for Performing Employees (HOPE): employer guaranteed below market, fixed rate loans to eligible employees. Mortgage Opportunity Program (MOP): first time income eligible homebuyers or buyers in targeted urban areas, can finance the entire loan including closing costs for newly constructed, fee simple, noncondominium housing.

One Hundred Percent Mortgage Program: no down payment of mortgage insurance loans for qualified first time and urban area buyers ate pre-approved single family housing developments. Police and Fireman's Retirement System Mortgage Program: loans for active members of the New Jersey Police and Fireman's Retirement System with at least I year of active duty for purchase or refinancing of a home. PurchaselRehabilitation Mortgage Program: below market rate financing to qualified first time buyers and urban target area buyers that purchase and rehabilitate a home or rehabilitate a presently owned home. Reverse Mortgage Program: allows senior to access the equity in their home without a monthly repayment schedule; counseling is required. Too Good, But It's True: 5% fixed rate mortgage with 0 points to buyers of homes in designated neighborhoods. 10) Upstairs-Downtown Mortgages: below market rate funds to acquire and rehabilitate, or refinance and rehabilitate residential structures with a store-tront commercial component. 11) Urban home Ownership Recovery Program; construction financing for developers of urban for sale housing. New Mexico New Mexico Mortgage Finance Authority 505-843-6880 344 4th Street, SW 800-444-6880 Albuquerque, NM 87102 www.mnmfa Help Program: loans to first-time, income eJigible home buyers who participate in the M0l1gage Saver Home Program for downpayment and closing costs. Helping Hand Program: downpayment and closing cost assistance to low income families where a member has a disability. Mortgage Saver Program: below market loans to first time home buyers. Housing Tax Credit Program: federal tax credits for owners of low income rental housing. Mortgage Saver Plus: buyers that choose the higher rate get credit towards closing costs up to 3.5% of the principal. Payment Saver Program: tlrst time, income eligible, buyers get a

Real Estate below market interest rate and a 2nd 0% interest loan to pay for upfroct costs. Building Trust: assistance to Native America families or individuals from federally recognized tribes, to buy, build, or repair a home on trust land. Housing Opportunities for Per>on with AIDS: provides housing and supportive services to person with AIDS/HIV; funding to enhance and expand housing opportunities for people with AIDS/HIV. Rural choice Program: assistance to people that have not owned a home in the past 3 years that purchase one in specified rural areas; 0% interest loan for up front costs and down payments. Section 8 Assisted Housing Program: permanent financing for 5 multi family housing projects in specified areas. State Homeless Assistance Program: assistance to shelters that provide emergency shelter or short term services to homeless people and their families. Winterization Assistance Program: assistance to low income homeowners to improve the energy efficiency of their homes. 50 I (c) (3) Bond Program. Funds for the acquisition, new construction, rehabilitation, or refinance of residential rental projects of nonprofit corporations. Build It: guaranties of conventional interim loans to nonprofit organizations, tribal, or public agencies to develop affordable housing. Primer Investment Fund: seed money to nonprofits, tribal, and public agencies to develop multifamily rental or special needs housing projects. Rental HOME: gap financing for projects that create low income housing and special needs projects. Risk Sharing: funding for new construction, substantial rehabilitation, refinancing, or acquisition of projects with at least 16 units. Emergency Shelter Grants Program: assistance to improve the quality of emergency shelters, help with operational costs, and of providing essential services to the homeless. Low Income Energy Assistance Program: assistance for low income households to pay their energy bills. Shelter Plus Care Program: funding to service providers to help disables homeless persons through

supportive services. Supportive Housing: funding for transitional housing with supportive services enabling the homeless to live more independently. Tenant Based Rental Assistance Program: one time cash assistance for security deposits, utility deposits, and/or first month's rent, and up to 6 months of rent subsidy to low income tenants in order to obtain permanent or transitional housing. Special Needs Rental Program: below market rate loans to develop affordable rental housing projects with a maximum of 20 units where half are set aside for special needs people. New York New York State Division of Housing and Community Renewal Hampton Plaza 38-40 State Street 518-473-2517 Albany, NY 12207 www.dhor.state.ny.us Low Income Housing Trust Fund: funds to nonprofit sponsors to rehabilitate existing properties into affordable low income housing. Rural Preservation Program: funds to local not-for-profit organizations engaging in a variety of activities for the benefit of low and moderate income persons in rural areas. Neighborhood Preservation Program: funding to defray administrative cots of nonprofit agencies performing neighborhood preservation activities. Section 8 Statewide Programs: rent subsidies for low income households. HOME Program: provides funds for a variety of housing needs for 1m'.' income families. Disaster Recovery Initiative Grants: grants to help cities, counties, and States recover from declared disasters, especially in low income areas. Farmworker Housing Program: low-cost loans for the improvement of existing housing or construction of new housing for seasonal farm workers. Homes for Working Families Initiative: substantial rehabilitation or new construction of affordable rental housing. Senior Housing Initiative: funding for projects that substantially rehabilitate or construct rental housing for seniors. Housing Development Fund: loans to nonprofits for development of low-income housing projects. LOW-Income Housing Credit Program: reduction in federal income tax liability for project owners that develop, rehabilitate, and acquire rental housing for low-income families. New York State Low-Income Housing Tax Credit: state tax credit to developers of low-income rental housing. Residential Emergency Services to Offer Repairs to the Elderly (RESTORE) Program; funds to make emergency repairs in order to eliminate hazardous conditions in elderly owned homes when the homeowner cannot afford to make the repairs. Winterization Assistance Program: services to low-income households include life-saving health and safety tests and fuel consumption analysis to identify the potential to save energy. Anti-Drug Program: Indicatives to control problems in housing projects cause by drug abuse, violence, and crime. Manufactured Homes Park Program: evaluation of complaints off mobile home owners against the mobile home park. Mitchell-Lama Housing Program: low-interest mortgage loans to build affordable housing for middleincome people. New York Housing Finance Agency 641 Lexington Avenue 212-688-4000 New York, NY 10022 www.nyhomes.orglhfalhfa.htmi Infrastructure development Demonstration Program: grant funds for infrastructure improvements that serve affordable housing projects. Permanent Housing for Homeless Families: funds for the rehabilitation and new construction of permanent housing units for homeless families and for those at risk of becoming homeless. Manufactured Home Cooperative Fund Program: technical and financial assistance to encourage and facilitate cooperative ownership of mobile home parks. Secured Loan Rental Housing Program: funds for the construction, and acquisition and rehabilitation of

multifamily rental developments for income eligible residents. North Carolina North Carolina Housing Finance Agency P.O. Box 28066 Raleigh, NC 27611-8066 I) 919-877-5700 E-mail: ksuggs@nchfa.com www.nchfa.state.nc.us Homeownership Mortgage Loan Program: below-market, fixedOreate loans for first-time home buyers with low/moderate income. Mortgage Credit Certificate Program: federal tax-credit for firs time income eligible homebuyers. Low Income Housing Tax Credit Program: federal tax credit for owners of low income housing. Catalyst Rental Program: funding for nonprofits for front-end costs in the development of low income rental housing. Single Family Rehabilitation Program; rehabilitation funds for owner occupied low income homes mainly in distressed counties. Rental Production Program: financing for the construction of rental hosing for low income households. Affordable Homeownership Program: loans for the purchase of newly constructed, rehabilitated, or existing homes for income-eligible homebuyers. Assisted Independent Living Program: training and consultation services for developer/owners, managers, and service coordinators to promote affordable housing with services for special needs people. Supportive Housing Development Program: loans for the production of transitional and permanent housing and for the rehabilitation of emergency housing for people with special needs. Urgent Repair Program: grants to fix housing conditions that pose a threat to health and safety in low income homes. Duke Home Energy Loan Program: funds to reduce energy costs to income specific homeowners in the Duke Power service area. Lead Abatement Partnership: funds to identify and eliminate lead pain hazards in homes where children have been poisoned; technical assistance. Multifamily Rental Development Program: federal and state tax credits for developers of low-income housing and below market rate loans to develop the housing. North Dakota North Dakota Housing Finance Agency 701 -328-8080 P.O. Box 1535 800-292-8621 Bismarck, ND 58502 TTY: 800-366-6888 Moderate Rehabilitation Program: incentives for rehabilitation of substandard housing for rental to low income tenants qualifying for rent-subsidies. Low Income Housing Tax Credit Program: federal tax credits for owners of low income rental housing. Home Mortgage Finance Program: low interest rate mortgages for firsHime income eligible home buyers. Down payment and Closing Cost Assistance Program: 0% interest loans to participants of a single family mortgage loan from NDHFA for downpayment and closing costs. Start Down Payment Assistance Program: 0% interest loan not in excess of 3% of the purchase price, or $3,000 (whichever is lower) to help first time, income eligible, home buyers with their down payment; must be a participant in a Home Mortgage Finance Program for a single family dwelling. Rural Real Estate Mortgage Program: creates a secondary market for residential real estate mortgages for purchasers of a single family, Housing and Real Estate owner occupied, non arm, principal residence. Habitat for Humanity Loan Purchase Program: Habitat for Humanity builds and sells a home to a selected family, a private lender finances the purchase, and NDHFA purchases the loan from the lender; this allows Habitat for Humanity to use the funds to build more homes. Major Home Improvement Program: low interest rate loans to income eligible borrowers to buy and rehabilitate single family homes or to rehabilitate their existing homes. Homeownership Acquisition and Rehabilitation Program: low-income households receive home owner

education, assistance in finding an affordable home, rehabilitation funds to make the property safe and sanitary and if necessary, help in acquiring the home. Home start-Homebuyer Education Incentive Program: after completion of the course to help first-time home buyers prepare for home ownership, borrowers may receive a $100 reduction in closing costs. Affordable Housing Disposition Program: the agency serves as a clearinghouse and technical assistance advisor to distribute information about available properties. Helping Housing Across North Dakota (Helping HAND): funds to Habitat for Humanities Attlliates, Native American Reservations, and North Dakota Community Action Agencies to support new or existing single family or multi-family housing rehabilitation programs for low income housing. Rental Rehab Assistance Program: funds for property improvement to rental units that address the needs of physically disabled people. Ohio Ohio Housing Finance Agency 77 South High Street, 26th Floor Columbus, OH 43215 614-466-7970 TOO: 614-466-1940 Fax: 614-644-5393 www.odod.staetoh.us/ohfa First-Time Homebuyer Program: below-market financing for low first-time, low- to moderate-income, home buyers. Housing Credit Program: federal tax credits for owners of low income rental housing. Section 8 Rental Assistance Program: rent subsidies on behalf of low income people and families including the elderly and handicapped. Down payment Assistance Program: offers up to $2,200 in down payment assistance for eligible homebuyers to purchase homes. mortgage Credit Certificate Program: tax credit equally 20%-30% of the mortgage interest for eligible homebuyers. Affordable Housing Loan Program: loans to developers of low-to moderate-income residents. Multifamily Bond Program: financial assistance with the acquisition, construction, and substantial rehabilitation of multifamily dwelling units and single family housing. Loan Guaranteed Program: the OHFA may guarantee the repayment of all or part of a loan for costs of development housing for low-and moderate-income families and the elderly. Supportive Services; provides a link for elderly residents to home and community-based service providers that heIp with aging-in-place, al1owing seniors to control their owu care. Oklahoma Oklahoma Housing Finance Agency 1140 NW 63rd Street P.O. Box 26720 Oklahoma City, OK 73126-0720 Mortgage Revenue Bond Program: buyers. Section 8 Rental Assistance Program: rent subsidies for low income households who locate their own housing. Housing Tax Credit Program: tax credits for new construction and rehabilitation of existing rental properties. HOME Program: funding for programs that increase the supply of housing and single family new construction. Transitional Housing Pilot Program: pays maintenance and utility bills at transitional homes. Housing Pilot Program: places homeless people and families in transitional housing and provides them with case management services. 405-848-1144 800-256-1489 www.state.ok.us/-chfa low rate loans to first-time home Oregon Oregon Housing Agency 1600 State Street Salem, OR 97301

503-986-2000 TTY: 503-986-2100 Fax: 503-986-2020 www.hcs.state.or.us/# Multi-Family Housing Finance Program: financing for multi-unit rental housing for moderate, low, and very low income families. Low Income Housing Tax Credit: federal income tax credit to developers who construct, rehabilitate, or acquire qualified low income rental housing. Residential Loan Program: below-market interest rate loans to low and moderate income Oregon home buyers. Low Income Rental Housing Fund: rental assistance for very low income families. Low-Income Energy Assistance Program: helps low-income households pay heating bills. Low-Income Weatherization Assistance Program: free weatherization and energy conservation services to income eligible households. Energy Rate Home of Oregon: provides Oregon home-builders and homebuyers with Home Energy Ratings which can be used to qualify for certain mOltgages and programs. Emergency Housing Account: assistance to homeless people or those at risk of becoming homeless to pay for emergency shelter, services and housing assistance. Emergency Shelter Grant: money to increase the amount of bed in emergency shelters. State Homeless Assistance Program: funding to emergency shelters and services directly related to them. Commodity Supplemental Food Program: supplies low-income persons at risk for malnutrition with specified nutritional foods. Emergency Food Assistance Program: provides low-income households with food for home use. Food Distribution Program on Indian Reservations: provides USDA commodities on the Umatilla Indian Tribe reservation. ABC's of Homebuying: training course for first-time home buyers. Downpayment and Closing Cost Assistance Program: assistance to low-income, first-time, homebuyers with downpayment and closing costs. HELP Program: financial assistance for the development of housing for very-low-income families. HOME Program: funds that provide for the acquisition, rehabilitation, and construction of rental housing targeting rural areas; home buyers assistance and rental assistance. Housing Development Grant Program: funding for the acquisition, construction, and/or rehabilitation of housing for low and very lowincome families. Oregon Affordable Housing Tax Credits: tax credits for housing projects or community rehabilitation projects for low-income people; savings must be passed on to the tenants by reduced rents. Manufactured Dwelling Park Ombudsman Program: assists park owners and residents to resolve conflicts and provides technical assistance. ) Pennsylvania Housing Finance Agency 2101 North Front Street P.O. Box 8029 Harrisburg, PA 17105 I) 717- 780-3800 TOO: 717-780-1869 www.phfa.org Homeowners Emergency Assistance Program: loans to keep delinquent homeowners from losing their homes to foreclosure. Penn HOMES Program: provides interim and permanent mortgage financing to developers of low income rental housing Lower Income Home Ownership Program: provides mortgage loans to low income first time homebuyers that have children or a member with a disability and meet income and home purchase price guidelines. Statewide Home Ownership Program: low interest tInancing for firsttime qualified home buyers or buyers of property in targeted areas. Closing Cost Assistance Program: pays up to $2,000 toward closing costs for houses that are bought by participants in the Lower Income Home Ownership Program, qualified participants must have dependent children or be disabled. Hafer Homebuyer Program: reduced mortgage and title insurance and below market rate mortgages to eligible purchasers. Homestead Second Mortgage Program: non-interest loans from $1,000 to $10,000 to income eligible families with at least one child or a member with a disability, for down payment and closing costs. Access Home Modification Program: no-interest accessibility improvement loans ranging from $1,000 to $10,000

in conjunction with PHFA first mortgage financing. Joint Financing Program: below-market interest rate loans to first-time buyers in specified areas of the Commonwealth. GHA 203(k) Program: loans to acquire property in need of repair and to finance the improvements. Purchase Improvement Program: in conjunction with a tIrst mortgage loan, a borrower can make up to $15,000 worth of improvements. Penn-Vest: Individual On-Lot Sewage System Loans: very low interest rate loan up to $25,000 for homeowners to repair or upgrade malfunctioning on-lot sewer systems in rural areas. PHIF-Pennsylvania Housing Insurance Fund: provides credit enhancement for the homeownership programs to prospective buyers that would otherwise be ineligible for loans. Taxable and Tax-Exempt Bond Financing: below-market rate loans to Real Estate build or rehabilitate rental units. Construction Loan Program: construction loans to sponsors of low income rental housing who have permanent take-out financing from other lenders. Supportive Services Program: provides on-site supportive housing services for residents of PH FA-finance rental developments. Low Income Housing Tax Credit Program: tax credits to owners and investors of affordable rental housing. Future Home Buyer Program: teaches high school students the importance of budgeting, the use of credit and the ramifications of credit abuse and some of the everyday legal issues they may face in the near future. Rhode Island Rhode Island Housing and Mortgage Finance Corporation 44 Washington Street Providence, RI 02903 Home Repair: fixed rate-loans occupied homes and on 1-4 requirements. Rental Housing Production Program: a combination of financing programs to construct or rehabilitate affordable housing where a portion of the units are rented to low income people. HOEM Program: grants and low interest loans to encourage the construction or rehabilitation of affordable housing. Low Income Housing Tax Credit Program: tax credits for owners of rental housing for low income households. Preservation Loan Program: below-market rate loans to preserve affordability of existing subsidized rental housing. First HOMES: low interest rates with low down payment requirements for first time home buyers; assistance with down payment costs for lower income first time homebuyers. Jump Start Program: low interest rate loans with up to $5,000 in down payment and closing cost assistance. Opening Doors Program: first mortgages from other banks with down payment and closing cost assistance from RIHMFC for minority purchasers; employment and credit history requirements are relaxed. Purchase Plus Program: loans for income-eligible, first time homebuyers to purchase a home and make up to $10,000 worth of repairs or improvements. 10) Buy It/Fix It Program: low-interest mortgage with construction financing to first time income eligible purchasers; current income eligible homeowners can refinance their mortgage providing they make at least $15,000 worth of needed repairs. 11) Zero Down Program: low-interest loans with federal loan guaranties that allow you to borrow up to 100% of the purchase price for down payment assistance to first-time, income-eligible buyers. 12) Lead Hazard Reduction: loans to income eligible homeowners and landlords who rent to income eligible tenants to make eligible repairs so their homes/units are lead safe. 13) EquiSense Program: low interest rate, second mortgage based on home equity that has no points or application, title, credit rep0l1 or appraisal fees. 14) Reverse Mortgages Program: elderly income eligible home owners can use their home equity to provide them with tax-free income; no monthly payments and no repayment as long as they own the home. 15) Next Step Program: loans to nonprofit social service agencies for the development of transitional apartments for people in crisis. 16) Targeted Loans Program: loans for the construction or rehabilitation of affordable apartments; generally available only with first mortgage

financing. 17) Taxable and Tax-Exempt Bonds: for construction and permanent financing for projects that have at least 12 units. 18) Technical Assistance Program: technical help and short-term loans to individuals, municipalities, and nonprofit groups to help preserve affordable housing. 19) Thresholds Program: grants for the development of housing that introduces person with long-term mental illness into the community. 20) Access Independence Program: low-interest loans and grants for qualified low- and moderate-income owner-occupied single family homes so they can remodel for person with functional disabilities. 21) Family Self-Sufficiency Program: job training, education and other services to Section 8 voucher holders to get off of welfare. 22) Foundations For Senior Health Program: funding for homemaker services to frail elderly and disabled residents of specified Section 8 apartments. 23) Home of My Own Program: low interest loans and grants so that developmentally disabled persons can own their own home. 24) Housing Research Grants: funding to organizations that are planning studies or research projects concerning affordable housing. 25) Youth RAP: funding for tutoring, employment and self-esteem building activities for disadvantaged children living in RIHMFC financed apartments. 1) 405-751-5566 TDD: 401-427-9799 www.rihousing.com/rihousing to make needed repairs to owner unit dwellings that meet income South Carolina South Carolina State Housing Finance and Development Authority 919 BlnffRoad 803-734-2000 Columbia, SC 29201 www.sha.state.sc.us Multifamily Tax-Exempt Bond Financing Program: permanent financing for property being developed for low to moderate income multifamily rental projects. Mortgage Assistance Loan Program: loans for down payment and lor up-front closing costs not in excess of $1,000 for qualified home buyers that participate in one of the Homeownership Programs. Homeownership Mortgage Purchase Program: below market rate financing for income-eligible home buyers. Home Ownership Mortgage Revenue Bond: below market rate financing for income-eligible home buyers funded through the sale of bonds. Low Income Housing Tax Credit Program: tax credits for developers of low income rental housing. Section 8 Certificates and Vouchers: rental subsidies for low income households. HOME Program: affords state and local governments the flexibility to fund a wide range of low income housing activities. South Dakota South Dakota Housing Development Authority 605-773-3181 Pierre, SD 57501 www.sdha.org M0l1gage Assistance Program: provides down payment and closing costs assistance up to $2,000. Single family Homeownership Program: low rate financing for eligible families to buy homes. Multifamily Bond Financing Program: mortgage loans to finance the construction of multifamily housing. Emergency Shelter Grants Program: financing of shelters for homeless people. Step Rate Option Program: provides low interest mortgage Joans to eligible first time home buyers in graduating steps.

HOME Programs: designed to expand the supply of affordable housing for very low and low income families. Cooperative Housing Improvement Program: low interest loans for up to seven years for the improvement, repair, or addition to the borrower's home. The Governor's House: technical assistance to income eligible seniors that purchase a manufactured home and lot. Services to Aging Residents: services to elderly people that participate in SDHDA financed housing include housekeeping, transportation, meals and service coordination. 10) Housing Tax Credit: tax credits for the construction and rehabilitation of rental housing for low income households. Tennessee Tennessee Housing Development Agency 404 James Robertson Parkway, Suite 1114 Nashville, TN 37243-0900 Housing Choice Voucher Program: subsidy households that find their own dwelling. Low Income Housing Tax Credit: tax credits for 10 years to owners of low income housing. Great Rate Mortgage Program: loans for low and moderate income first time homebuyers for homes that meet certain requirements. HOME Program: federal funding to create affordable housing programs for income eligible people. Great Place Program: funding for single family development to benefit eligible households. Tax Exempt Multi Family Bond Authority: loans for development of multifamily housing that sets aside units for certain income households. Family Self Sufficiency Program: provides access to the supportive services families need to become free of public assistance within 5 years. Mark-to-Market Program: owners of multifamily Section 8 properties receive help to maintain affordable housing projects. I) 615-741-2400 TDD: 800-228-THDA www.state.tn.us/thda funds to low income Texas Texas Department of Housing and Community Affairs 512-475-3800 P.O. Box 13941 Email: infor@tdhca.state.tx.us Austin, TX 78711 www.tdhca.state.tx.us Single Family Bond Program: low rate financing for very low and low income first time home buyers. section 8 Housing Assistance Program: rental assistance via subsidies for low income households, elderly, disabled and handicapped people. Multifamily Bond Program: finances below market loans to nonprofit and for profit developers of apartment projects that agree to set aside units for rental to low income families and special needs people.

Housing and Real Estate Down Payment Assistance Program: assists low income families with interest free loans to be used for a down payments and certain closing costs on a home purchased through the First Time Homebuyer Program. First Time Homebuyer Program: low interest revenue bonds channeled through certain Texas lenders to eligible families purchasing their first home. HOME Programs: Owner Occupied Housing Assistance Program: funds to rehabilitate single family, owner occupied, homes where the owner meets income requirements Homebuyer Assistance Program: loan up to $10,000 to income eligible borrowers for down payment,

closing costs and gap financing. Rental] Housing Deve]opment Program: funds to build, acquire, and/or rehabilitate rental property for mixed income, mixed use, single room occupancy, or transitional housing. Tenant Based Rental Assistance Program: rent subsidies and security deposit payments to tenants that participate in a self-sufficiency program. Housing Trust Fund Program: funds to nonprofits, local government, public housing authorities, community housing developments and income eligible families to acquire, rehabilitate, or construct affordable housing for low and very low income people. Contract for Deed Consumer Education Program: class to teach consumers about contract for deed sales. Texas Youth Work Program: young adults at risk get work on construction sites of housing projects for low and very low income families and also receive educational and work site training, connse]ing, and job placement assistance. Statewide Homebuyer Education Program: comprehensive homebuyer education seminars. Statewide Architectural Barrier Remova] Program: funds to modify homes occupied by person with disabilities. Home of Your Own Coalition: assistance with down payments and architectural barrier removal to low income homebuyers with disabilities. Texas Bootstrap Owner-Builder Loan Program: loans for the purchase or refinanced or rea] property so that new residential housing can be built, or improve existing residential housing for very low income people.

Utah Utah Housing Finance Agency 554 South 300 East Salt Lake City, UT 84] 11 1) 801-52]-6950 Fax: 801-359-1701 Email: maile@uhfa.org www.uhfa.org CHAMP Program: combines a mortgage loan with a lower interest rate loan for down payment and closing costs, equaling 4% of the mortgage amount for lower income homebuyers; free home buyer education. First Home Program: below market rate mortgage loans to qualifying first time home buyers; purchases made in targeted areas do not need to meet the first time homebuyer requirement. Tax-Exempt Bond Apartment Financing; funds from the sale of bonds to finance affordable rental housing for low and moderate income people. Low Income Housing Tax Credit Program: tax credits for developers/owners of rental housing for income eligible people. Vermont Vermont Housing Finance Agency One Bur]ington Square P.O. Box 408 Burlington, VT 05402-0408 I) 800-339-5866 802-864-5743 Fax: 802-864-5746 Email: home@vhfa.org www.vhfa.org Mortgages for Vermontors (MOVE): low interest mortgages for firsttime eligible buyers. Low Income Housing Tax Credit Program: tax credits for developers/owners of rental housing for low income households. Homeownership Opportunities Using Shared Equity: loans with stepped interest rates to nonprofit housing organizations that work together to reduce the purchase price and related costs; they agree to keep the property affordable to future home buyers by sharing any profit when it is sold. Yearly Energy Savings System Program; mortgages with a stepped interest rate to homeowners that make energy improvements resulting in an Energy Rated home. Construction and Permanent Loan Financing Program: financing for the development and preservation of affordable rental housing where at least 5 I % of the units are rented to low and moderate income people. Nonprofit Housing Predevelopment and Bridge Loan Program: low cost financing to eligible nonprofit

housing developers for projects such as transitional Housing, nursing homes, co-op housing, single family homes and more. ]) Vermont State Housing Authority One Prospect Street Montpelier, VT 05602 Development Program: assistance preservation of affordable multi-unit parks. Section 8 Rental Assistance Program: rental assistance to eligible person who choose their own housing. Project-Based Certificates and Moderate Rehabilitation Program: a rent subsidy that is attached to the unit and not the tenant. Shelter Care Program: rental assistance to disabled homeless people. Mainstream Housing: rental assistance for disabled families. New Construction/Substantial] Rehabilitation Program: creates new and rehabilitated housing in communities without safe and sanitary housing for low income families and the elderly. 802-828-3295 www.vsha.org for the development and complexes and mobile home Virginia Virginia Housing Development Authority 60 I South Belvidere Street Richmond, V A 23220 Low Income Housing Tax credit Program: owners of low income rental housing. FHA Plus Loan Program: assists qualified borrowers who need down payment assistance. Flexible Alternative Program: optioning for a slightly higher interest rate, aows up to 100% loan-to-vale financing without mortgage insurance to eligible buyers. Step Rate Loan Program: lower interest rate for the first 3 years of the loan creating lower mortgage payments for those years. Home Improvement Loans: loans for home improvements with a lower interest rate, low closing costs, and no points for low and moderate income homeowners. Fixed Rate Loans: lower interest fixed rate loans for eligible home buyers. Virginia Housing Fund: low interest rate funds for multifamily projects available to nonprofits, minority, and rural area developers. Bond-Funded Program: funding for multifamily projects that rent to low and very low income tenants. I) 800-968-7837 804-782-1986 www.vhda.com federal tax credits for Washington Washington State Housing Finance Commission 206-464-7139 1000 Second Avenue, Suite 2700 800-767-4663 Seattle, WA 98104-1046 www.wshfc.org Low Income Housing Tax Credit Program: federal tax credits to developers/owners of low income rental housing. House Key Program: below market rate loans for income eligible first time home buyers and buyers of residences in targeted areas. Home Key Plus Program: loans to income eligible buyers to help pay down payment and closing costs in conjunction with the house Key Program Home Choice Program: down payment assistance and lower interest rates for low and moderate income people with a disability, or that have a family member with a disability, that are first time buyers or are buying in a targeted area; must complete an education counseling course. House Key Extra: mortgage loan for income eligible first time home buyers with a disability, or a family member with a disability in a rural area and the home is within the specified price range.

Mark-to-Market Program: restructuring program for multifamily Section 8 housing that is going to expire so that it remains affordable. Housing for E]derly: below market interest rates for providers of elderly housing. For-Profit Multifamily Developer Program: financing for developers of rental projects or new construction, acquisition and/or rehabilitation , and predevelopment costs. Bonds for Nonprofit Capita] Projects: funding to nonprofits for a range or real estate and capital equipment projects. 10) Bonds for Nonprofit Housing: funding to nonprofits for housing projects such as transitional housing, group homes, independent living apartments and more. West Virginia West Virginia Housing Development Fund 814 Virginia Street, East Charleston, WV 2530 I 1) 304-345-6475 800-933-9843 Emai!: wvhdf@wvhdf.com www.wvhdf.com federal tax credit for home Mortgage Credit Certificate Program: buyers. Low Income housing Tax Credit Program: federal tax developers/owners of low income multifamily housing. 2) credits for 3) Real Estate 4) Tax-Exempt Bond Financing; below market rate loans for the development of multifamily rental housing. Tax Credit Development Financing; long term, fixed rate, permanent financing exclusively for tax credit developments. Affordable Housing Tax credits; tax credits to private investors of affordable rental housing. Linked Deposit Loan (LiDL) Subsidy; low interest rate loans to be used for business expenses, including land, buildings, and equipment. Agribusiness Guarantee; loan guarantee to small businesses to develop or expand production of products using Wisconsin's raw commodities. CROP Program; loan guarantees for agricultural production loans. FARM Program; guarantees for agricultural expansion and modernization loans. Beginning Farmer Bond Program; low interest rate funding for the t1rst time purchases of a farm, including land, equipment, livestock, or buildings. 4) 5) Mini-Mod Rehabilitation Program; for upgrading rental units for low income households. HOME Program; funding for housing for low income families. CASH Construction Program; good mortgage loan rates and loans to developers for the construction of lower cost, quality built homes that are affordable. Section 8 Rental Assistance Program; rent subsidies to landlords on behalf of eligible tenants. Development Financing Program; low interest rate financing including economic development endeavors for housing related lniatives. FAF Mini-Mod Rehabilitation for Existing Section 8 Programs; loans for the rehabilitation of rental units occupied by Section 8 participants. Single Family Mortgage Bond Revenue Program; low interest rate financing for low and moderate income families to buy a home in a specified price range. Closing Cost Assistance Program; assistance with closing costs for participants of a single family loan. Secondary Market Program; below market rate loans or refinancing for eligible home buyers. WVHDF Ret1nancing Programs; clients of WVHDF can refinance their homes for a lower interest rate or use the equity to payoff large loans. Housing Emergency Loan Program (HELP); funding for structural or construction problems that threaten the health and safety of low income homeowners.

Wisconsin Wisconsin Housing and Economic Development Authority 608-266-7884 201 West Washington 800-334-6873 Madison, WI 53701-1728 Fax; 608-267-1099 www.wheda.com Email; info@wheda.com Home Improvement Loan Program; below-market financing for low/moderate income homeowners to make eligible home improvements such as energy-conserving improvements. Small Business Guarantee Program; funding necessary to guarantee conventional loans needed by businesses. HOME Loans; Mortgage loans with low interest rates for low and moderate income people for first time home buyers; homes in targeted areas do not need to meet the first time home buyer requirement. II) Wyoming Wyoming Community Development Authority 155 North Beech Casper, WY 82602 1) 307-265-0603 Email; curry@wyoming.cda.com www.wyoming.cda.com Section 8 Rental Assistance Program; certificates and vouchers to assist low income rental households. HOME Program; funds for the development of affordable housing for low and very low income households. WCDA CDBG Revolving Loan Fund; for housing rehabilitation the benefits low/moderate income households. Low Income Tax credit program; tax credits for owners of rental housing affordable to low income households. Mortgage Revenue Bond Program; lower interest rate mortgage loan for first time, income eligible homebuyers. Housing Trust Fund; financing of non-traditional affordable housing. Low-Rent Public Housing; rental program of single family detached units for very-low income, large families. Qualified Rehabilitation Loan; low interest rate loans for rehabilitation projects from extensive major structural repair to major disrepairs. OTHER HELPFUL WAYS TO GET A HOME NON-QUALIFYING ASSUMPTIONS A non-qualifying assumption is simply a loan that a seller has on their home that they can sell to- a buyer without the buyer having to qualify. The buyer just assumes the existing loan without having to obtain a new loan. Typically the buyer pays the seller for their equity and this amount would be the down payment. However, it is possible to find a zero down, no qualifying Assumption. All you have to do is call a local real estate company and ask them to print you a list of Zero down, non-qualifying assumptions. If you don't know which real estate company to call either look in the phone book under real estate or drive around your neighborhood until you see a "For Sale" sign in someone's yard. You can get the number off the sign. It really doesn't matter which company you call because all of the realtors have access to the same information on their computers. When you call the real estate company, if they tell you that there aren't any zero down .I assumptions right now in your area, then ask them to print you a list from zero to $5,000, or zero to $10,000. Whatever you are comfortable with. You may have some in your area for zero down and you may not. But, even if you find one for lets say $5,000 down, it's still possible to purchase it with none of your own money. All you have to do is find a partner to purchase it with you. There are people out there that would like to own investment homes just for the tax write-off but they don't want to mess with tenants. That's where you come in. You can both purchase the home. They put up the money and you live in the house and make the

mortgage payments and any repairs that may arise. The investor gets a nice tax write-off without the hassles of a tenant and without the WOIT'J of a vacancy. You get a home for zero down and don't even have to qualify for a loan. This is one of the easiest ways to purchase a home. If you live in an area that is in a down market right now, you will probably be able to find some zero down non-qualifying assumable loans out there. If you are in a strong real estate market where you live, just get your list of low down payment, non-qualifying assumptions and find yourself a partner. It is also possible to look in your local newspaper under the real estate homes for sale section to find a nonqualifying home for sale. Look for "For Sale By Owner" ads where the seller is selling their property as a non-qualifying assumption. Just call them up and ask them how much the down payment is. And always remember, in real estate everything is negotiable. That doesn't mean the seller has to come off their price, it just means you can ask. And it certainly doesn't hurt to ask. Sometimes the seller will accept a lower offer and sometimes they won't. That's why we always ask. Remember, you don't ask, you won't get it. And you certainly won't get it you don't take action. So start today. Get a list of available non-qualifying assumptions and get started! BOND MONEY Check with different loan companies and real estate offices to see if there is any bond money available, this money is in certain areas and is available to use as down payment money. You will have to check because it goes very fast. Bond money is a great way to not have to pay money out of your pocket. Check it out, people use this all the time you can too. Check with several loan officers in your county for the availability of this money. As an example lets say the sales price is $80,000 and the closing costs are approximately $2400. What you would do is add the $2400 to the $80,000 for a total of $82,400 and this would be the amount financed. Again this great way to purchase a home with no money down but it does require good credit and there are certain restrictions. If FNA loans are being originated in your area just ask a local loan officer what the restrictions are. They will be more than happy to help you find out if you qualify be use they get paid to originate loans. Don't be afraid to ask questions from your realtor and mortgage companies are there for. Another interesting note about FMHA loans is that you Cfu"1 even have a new home built with this type of financing. If your area originates these loans and if you qualify for this type of financing, ask a local realtor if any new homes are being built in the designated areas. This is a great way to get into a brand new home with no money down! If you have tried to get a home in the past and were turned down by FMHA, you should try again, they have recently changed their rules. You also do not need as much money as you did before as a down . FMHA LOANS This strategy requires good credit but no money out of your pocket. Again, if you don't have good credit, you can get a partner or co-signer to purchase with you. As Ii worst-case scenario, you can get a copy of your credit report and clean up your credit. Once you have your credit cleaned up you can always come back to this strategy and take advantage of it. . An FMHA loan is a mortgage loan that is designated for rural and outlying areas. All you have to do is call a realtor or a mortgage company and ask if they do any FMHA loans in your area. If hey do, find out which areas around town are designated for this type of financing. You may have to put up some earnest money (probably about $500) when you make an offer to purchase but you will get money back when you close on the home. You can even roll your closing costs right into the loan.. This will make the purchase price a little higher but you won't have to come up with any of your own cash to purchase the home. THE WRAP-AROUND Mortgage Strategy number four is the wrap-around mortgage. This is also known as an all-inclusive trust deed. The way that this type of financing works is as follows. Lets say a seller is offering a home for sale at $100,000. They still owe $60,000, which means they have $40,000 in equity. Normally a buyer would grand acquire a new loan for $100,000 which the seller would use to pay off their existing loan of $60,000 and they would pocket the rest. However, we are not looking to do things the normal way. We want to do it the no-money-down way. Again you are seeking out the motivated or flexible seller who is willing to work with you.

In a wrap-around mortgage, you would offer the seller full price or better with an attractive interest rate. This is all negotiable so it's just a matter of finding the right combination to please the seller. Once you agree on price and terms you would make the mortgage payment directly to the seller. The seller would then make the original mortgage payment to the lender. As you can see, the note that the seller is financing for you wraps around the existing note. Thus the name "Wrap-Around Mortgage." Once again, both the buyer and the seller benefit from the transaction. The seller gets their home sold quickly and they receive their asking price or better. And you again are able to purchase Ii home for zero down. Federal Money for Housing and Real Estate The following is a description of the federal funds available to renters, homeowners, developers, and real estate investors for housing assistance in urban and rural areas. This information is derived from the Catalog of Federal Domestic Assistance, which is published by the US. Government Printing Office in Washington, D.C The number next to the title description is the official reference for this federal program. Contact the office listed below the caption for further details. The following is a description of some of the terms used for the types of assistance available: Loans: money lent by a federal agency for a specific period of time and with a reasonable expectation of repayment. Loans mayor may not require a payment of interest. Loan Guarantees: programs in which federal agencies agree to pay back part or all of a loan to a private lender if the borrower defaults. Grants: money given by federal agencies for a fixed period of time and which does not have to be repaid. Direct Payments: funds provided by federal agencies to individuals, private firms, and institutions. The use of direct payments may be "specified" to perform a particular service or for "unrestricted" use. Insurance: coverage under specific programs to assure reimbursement for losses sustained. Insurance may be provided by federal agencies or through insurance companies and mayor may not require the payment of premiums. * Money for Conserving the Water and Soil During an emergency (10.054 Emergency Conservation Program (ECP)) U.S. Department of Agriculture Farm Service Agency, Stop 0513 1400 Independence venue, SW Washington, DC 20250 202-720-6221 Objectives: To enable farmers to perform emergency conservation measures to control wind erosion on farmlands, or to rehabilitate farmlands damaged by wind erosion, floods, hurricanes, or other natural disasters and to carry out emergency water conservation or water enhancing measures during periods of severe drought. Types of assistance: direct payments for specified use. Estimate of annual funds available: (Direct payments) $90,853,OJ 6. * Money to Improve Your Water and Soil (10.069 Conservation Reserve Program (CRP)) U.S. Department of Agriculture Farm Service Agency, Stop 0513 Washington, DC 20250 202-720-6221 Objectives: To protect the Nation's long-term capability to produce food and fiber; to reduce soil erosion; to reduce sedimentation; to improve water quality; to create a better habitat for fish and wildlife; to cub production of some surplus commodities; and to provide some needed income support farmers of assistance: direct payments for specified use. Estimate of annual funds available: $1,689,893,000. * Money to Change Your County Property Into a Wetlands (10.070 Colorado River Basin Salinity Control Program (CRBSCP)) National Resources Conservation Service U.S. Department of Agriculture P.O. Box 2890 Washington, DC 20013 202-720-1873 Objectives: To provide financial and technical assistance to: (I) Identify salt source areas; (2) develop project plans to carry out conservation practices to reduce salt loads; (3) install conservation practices to reduce salinity levels; (4) carry out research, education, and demonstration activities; (5) carry out monitoring and evaluation activities; and (6) to decrease salt concentration and salt

loading which causes increased salinity levels within the Colorado River and to enhance the supply and quality of water available for use in the United States and the Republic of Mexico. Types of assistance: direct payments for specified use. Estimate of annual funds available: (Direct payments) $776,966. * Loans to Help Your Country Property Recover From an Emergency (10.404 Emergency Loans) Loan Making Division U.S. Department of Agriculture Farm Service Agency AG Box 0520 Washington, DC 20250 202-720-1632 Objectives: To assist established (owner or tenant) family farmers, ranchers and aquaculture operators with loans to cover losses resulting from major and/or natural disasters, which can be used for annual farm operating expenses, and for other essential needs necessary to return disaster victims' farming operations to financially sound bases in order that they will be able to return to private sources of credit as soon as possible. Types of assistance: direct loans. Estimate of annual funds available: $572,000,000. * Money to Build Houses for Your Employees (10.405 Farm Labor Housing Loans and Grants (Labor Housing)) Multifamily Housing Processing Division Rural Housing Service U.S. Department of Agriculture Washington, DC 20250 202-720-1604 Objectives: To provide decent, safe, and sanitary low rent housing and related facilities for domestic farrn laborers. Types of assistance: project grants; guaranteed/insured loans. Estimate of annual funds available: (Loans) $30,000,000. (Grants) $15,000,000.

Real Estate * Money to Buy, Fix Up or Build Houses in Small Towns (10.410 Very Low to Moderate Income Housing Loans (Section 502 Rural Housing Loans" Director Single Family Housing Direct Loan Division U.S. Department of Agriculture Washington, DC 20250 202-720-1474 Or Direct Single Family Housing Guaranteed Loan Division Rural Housing Service U.S. Department of Agriculture Washington, DC 20250 202-720-1452 Objectives: To assist lower income rural families through direct loans to buy, build, rehabilitate, or improve decent, safe, and sanitary dwellings and related facilities for use by the applicant as a permanent residence. Subsidized funds are available only on direct loans for low and very low income applicants. Non subsidized Funds (loan making) are available for very low and low income applicants who are otherwise eligible for assistance, but based on the amount of the loan requested, the interest credit assistance formula results in no interest credit. Non subsidized funds (loan servicing) arc available to very low, low and moderate income applicants/borrowers who do not qualify for interest credit assistance for: (1) Subsequent loans for repair and rehabilitation; and (2) subsequent loan part only (repair or rehabilitation or the payment of equity) in connection with transfers by assumption or credit sales. Loan guarantees are also available to assist moderate income rural families in home acquisition. Types of assistance: direct loans; guaranteed/insured loans. Estimate of annual funds available: (Direct Loans) $1,300,883 (for subsidized low or moderate income loans for servicing and repairs). (Guaranteed loans) $3,700,000,000. * Money to Develop a Group Practice (14.116 Mortgage Insurance-Group Practice Facilities) (Title Xl) Office of Business Products

U.S. Department of Housing and Urban Development Washington, DC 20110 202-708-0624 Objectives: To help develop group practice facilities. Types of assistance: insured loans. Estimate of annual funds available: (Mortgages insured) Reported under Program 14. 128. * Money to Help Low Income Rural Families Get Housing (10.441 Technical and Supervisory Assistance Grant) Rural Housing Service (RHS) USDA 14th Street and Independence Ave., SW Washington, DC 20250 202-720-1474 Objectives: To assist low-income rural families in obtaining adequate housing to meet their families needs and/or to provide the necessary guidance to promote their continued occupancy of already adequate housing. These objectives will be accomplished through the establishment or support of housing delivery and counseling projects run by eligible applicants. This program is intended to make use of any available housing program that provides the low-income rural resident access to adequate rental properties or homeownership. Types of assistance: project grants. Estimate of annual funds available: $2,034,000 * Money for Nonprofits to Build Rental Houses in Small Towns (10.415 Rural Rental Housing Loans) Multi-Family Housing Processing Division Rural Housing Service u.s. Department of Agriculture Washington, DC 20250 202-720-1604 Objectives: To provide economically designed and constructed rental and cooperative housing and related facilities suited for independent living for rural residents. Types of assistance: direct loans. Estimate of annual funds available: (Direct Loans) $120,000. * Loans and Grants to Fix Up Your House in the Country ($5,OOO Grants) (lO.417 Very Low Income Housing Repair Loans and Grants (Section 504 Rural Housing Loans and Grants) Single-Family Housing Processing Division Rural Housing Service U.S. Department of Agriculture Washington, DC 20250 202-720-1474 Objectives: To give very low income rural homeowners an opportunity to make essential repairs to their homes to make them safe and to remove health hazards to the family or the community. Types of assistance: direct loans; project grants. Estimate of annual funds available: (Loans) $40,000,000. (Grants) $30,000,000. * Money for Needy Families to Keep Their Homes (10.420 Rural Self-Help Housing Technical Assistance) (Section 523 Technical Assistance) Director Single-Family Housing Processing Division Rural Housing Service (RHS) us. Department of Agriculture Washington, DC 20250 202-720-1474 Objectives: To provide financial support for programs of technical and supervisory assistance that will needy and very low and low-income individuals and their families in carrying out mutual self-help housing efforts in rural areas. Types of assistance: project grants. Estimate of annual fund available: (Grants and Contracts) $40,000,000 * Help for Low-Income Families to Reduce Their Rent (10.427 Rural Rental Assistance Payments) (Rental Assistance) Director Multi-Family Housing Portfolio Management Division Rural Housing Service U.S. Department of Agriculture

Washington, DC 20250 202-720-1600 Objectives: To reduce the tenant contribution paid by low-income families occupying eligible Rural Rental Housing (RRH), Rural Cooperative Housing (RCH), and Farm Labor Housing (LH) projects financed by the Rural Housing Service (RHS) through its sections 515, 514 and 516 loans and grants. Types of assistance: direct payment for specified use. Estimate of annual funds available: $680,000,000 * Application Assistance tor Low-Income Rural Residents (10.442 Housing Application Packaging Grants) (Section 509 Grants) Director Single Family Housing Processing Division Rural Housing Service Department of Agriculture Washington, DC 20250 202-720-1474 Objectives: To package single family housing applications for very low and low-income rural residents into colonials and designated counties who wish to buy, build, or repair houses for their own use and to package applications for organization wishing to develop rental units for lower income families. Types of assistance: project grants. Estimate of annual funds available: (Grants) $495,000 * Money for Emergency Assistance for Natural Disasters (J 0.444 Direct Housing-Natural Disaster Loans and Grants) (Section 504, Rural Housing Loans and Grants) Director, Single Family Housing Processing Division Rural Housing Service Department of Agriculture Washington, DC 20250 202-720-1474 Objectives: To assist qualified recipients to meet emergency assistance needs resulting from natural disaster. Funds are only available to the extent that funds are not provided by the Federal Emergency Management Agency (FEMA) for the purpose of administering these funds, natural disaster will only include those counties identified by a Presidential declaration. Types of assistance: project grants, direct loans. Estimate of annual funds available: (Loans) $15,620,000 (Grants) $11,592,000, Funds under this program are based on supplemental funding provided by Congress in response to a natural disaster. *Money to Improve Housing After a Natural Disaster (10.445 Direct Housing-Natural Disaster) (Section 502 Very Low and Low Income Loans) Director, Single Family Housing Processing Division Rural Housing Service Department of Agriculture Washington, DC 20250 202-720-1474 Objectives: To assist qualified lower income rural families to meet . Money for Housing and Real Estate emergency, assistance needs resulting from natural disaster to buy, build, rehabilitate, or improve dwelling in rural areas. Funds are only available to the extent that funds are not provided by the Federal Emergency Management Agency (FEMA) for the purpose of administering these funds, natural disaster will only include those counties identified by a Presidential declaration. Types of assistance: direct loans. Estimate of annual funds available: (Loans) $60,717. Funds under this program are based on supplemental funding provided by Congress in response to a natural disaster. * Money to Conserve Soil and Water in Small Towns (10.900 Great Plains Conservation) Deputy Chief National Resources Conservation Program National Resources Conservation Service U.S. Department of Agriculture P.O. Box 2890 Washington, DC 20013 202-720-1873 Objectives: To conserve and develop the Great Plains soil and water resources by providing technical and financial assistance to farmers, ranchers, and others in planning and implementing conservation practices.

Types of assistance: direct payments for specified use; advisory services and counseling. Estimate of annual funds available: (Grants) $617,595. (Salaries and expenses) $0. * Money to Fix Up an Abandoned Coal Mine (10.910 Rural Abandoned Mine Program (RAMP" Deputy Chief for Programs Natural Resources Conservation Service U.S. Department of Agriculture P.O. Box 2890 Washington, DC 20013 202-720-2847 Objectives: To protect people and the environment from the adverse effects of past coal mining practices, and to promote the development of soil and water resources of unrelieved mined lands. Types of assistance: direct payments for specified use; advisory services and counseling. Estimate of annual funds available: (Grants) $393,087. (Salaries and expenses) $102,587. * Money for Farmers and Ranchers to Improve Water and Soil (10.912 Environmental Quality Incentives Program EQIP) Deputy Chief for Natural Resources Conservation Programs Natural Resources Conservation Service U.S. Department of Agriculture P.O. Box 2890 Washington, DC 20013 202-720-1845 Objectives: Technical, education and finance assistance to eligible farmers and ranchers to address soil, water and related natural resource concerns on their lands in an environmentally beneficial and costeffective manner. This program provides assistance to fanners and rancher in complying with Federal, State and tribal environmental laws and encourage environmental enhancement. The purpose of this program is achieved through the implementation of structural, vegetative, and land management practices eligible land. This program is funded through the Commodity Credit Corporation (CCC). NRCS provides overall program management and implementation leadership for conservation planning and implementation. The Farm Service Agency provides leadership for administrative processes and procedures for the program. Types of assistance: direct payment and specified use. Estimate of annual funds available: (Direct payments) $136,940,000 (Salaries and Expenses) $37,060,000 (Education Assistance) $4,000,000. * Loans to Fix Up Houses That Are More Than One Year Old (14.108 Rehabilitation Mortgage Insurance (203(k") Contact your State Homeownership Center or local HUD office Objectives: To help families repair or improve, purchase and improve, or refinance and improve existing residential structures more than one year old. Types of assistance: guaranteed/insured loans. Estimate of annual funds available: (Loans insured) Reported under program 14,133. * Loans to Buy Trailers (14. I 10 Manufactured Home Loan Insurance-Financing Purchase of Manufactured Homes as Principal Residences of Borrowers (Title I) Chief Home Improvement Branch 451 7th Street, SW Room 8272 U.S. Department of Housing and Urban Development Washington, DC 20410 202-708-6396 Objectives: To make possible reasonable financing of manufactured home purchases. Types of assistance: guaranteed/insured loans. Estimate of annual funds available: (Loans insured) $8,000,000. * Loans to Co-op Investors (14.1 12 Mortgage Insurance for Construction or Substantial Rehabilitation of Condominium Projects (234(d) Condominiums" Office of Business Products U.S. Department of Housing and Urban Development Washington, DC 20410 202-708-2866 Objectives: To enable sponsors to develop condominium projects in which individual units will be sold to home buyers. Types of assistance: guaranteed/insured loans. Estimate of annual funds available: (Mortgages insured) $0. * Loans to Homeowners Anywhere With 1 to 4 Family Units

(14.117 Mortgage Insurance-Homes (203(b") Contact your State Homeownership Center or local HUD office. Objectives: To help people undertake home ownership. Types of assistance: guaranteed/insured loans. Estimate of annual funds available: (Mortgages insured) $149,883,000,000. * Loans to Buy Single Family Homes for Disaster Victims (14.119 Mortgage Insurance-Homes for Disaster Victims (203(h") Contact your State Homeownership Center or local HUD office. Objectives: To help victims of a major disaster undertake homeownership on a sound basis. Types of assistance: guaranteed/insured loans. Estimate of annual funds available: (Mortgages insured) repotted under Program No. 14.117. * Money for Low to Moderate Income Families Hurt by a Disaster or Urban Renewal (14.120 Mortgage Insurance-Homes for Low and Moderate Income Families (221(d)(2") Director, Single Family Development Division Office of Insured Single Family Housing u.S. Department of Housing and Urban Development Washington, DC 20410 202-708-2700 Objectives: To make homeownership more readily available to families displaced by a natural disaster, urban renewal, or other government actions and to increase homeownership opportunities for low income and moderate income families. Types of assistance: guaranteed/insured loans. Estimate of annual funds available: (Mortgages insured) Reported under Program 14.133. * Money for Homes in Outlying Areas (14.121 Mortgage Insurance-Homes in Outlying Areas (203(i") Contact your State Homeownership Center or local HUD office. Objectives: To help people purchase homes in outlying areas. Types of assistance: guaranteed/insured loans. Estimate of annual funds available: (Mortgages insured) reported under program No. 14.117. * Money for Homes in Urban Renewal Areas (14.122 Mortgage Insurance-Homes in Urban Renewal Areas (220 Homes" Contact your State Homeownership Center or local HUD office. Objectives: To help families purchase or rehabilitate homes in urban renewal areas. Types of assistance: guaranteed/insured loans. Estimate of annual funds available: (Mortgages insured) Reported under Program 14.113. * Money for Homes in Older Areas of Town (14.123 Mortgage Insurance-Housing in Older, Declining Areas (223(e)) Contact your State Homeownership Center or local HUD office. Objectives: To assist in the purchase or rehabilitation of housing in older, declining urban areas. Types of assistance: guaranteed/insured loans. Estimate of annual funds available: (Mortgages insured) Reported under Program 14.113. .

Real Estate * Money to Buy a Co-op Apartment (14.126 Mortgage Insurance-Cooperative Projects (213 Cooperatives)) Office of Business Products u.s. Department of Housing and Urban Development Washington, DC 20410 202-708-2866 Objectives: To make it possible for nonprofit cooperative ownership housing corporations or trusts to develop or sponsor the development of housing projects to be operated as cooperatives and to allow investors to provide good quality multifamily housing to be sold to such nonprofit corporations or trusts upon completion of construction or rehabilitation. Types of assistance: guaranteed/insured loans. Estimate of annual funds available: (Mortgages insured) Reported under Program 14.135. * Money to Buy a Trailer-Home Park (14.127 Mortgage Insurance-Manufactured Home Parks (207(m) Manufactured Home Parks" Office of Business Products U.s. Department of Housing and Urban Development Washington, DC 20410 207-708-2866

Objectives: To make possible the financing of construction or rehabilitation of manufactured home parks. Types of assistance: guaranteed/insured loans. Estimate of annual funds available: (Mortgages insured) Reported under Program No. 14.135. * Money to Buy a Hospital (14.128 Mortgage Insurance-Hospitals (242 Hospitals)) Office of Insured Health Care Facilities U.S. Department of Housing and Urban Development or Division of Facilities Loans U.S. Department of Health and Human Services Rockville, MD 20857 301-443-5317 Objectives: To facilitate the affordable financing of hospitals for the care and treatment of persons who are acutely ill or who otherwise require medical care and related services of the kind customarily furnished only or most effectively by hospitals. Types of assistance: guaranteed/insured loans. Estimate of annual funds available: (Mortgages insured) $1,030,000,000. * Money to Buy a Nursing Home (14.129 Mortgage Insurance-Nursing Homes, Intermediate Care Facilities and Board and Care Homes (232 Nursing Homes" Office of Business Products U.S. Department of Housing and Urban Development Washington, DC 20412 202-708-2866 Objectives: To make possible financing for construction or rehabilitation of nursing homes, intermediate care facilities and board and care homes, to allow purchase or refinancing with or without repairs of projects currently insured by HUD, but not requiring substantial rehabilitation, and to provide loan insurance to install fire safety equipment. Types of assistance: guaranteed/insured loans. Estimate of annual funds available: Reported under Program 14.135. * Money to Buy Your House if It is in a Long Term Ground Lease (14.130 Mortgage Insurance-Purchase by Homeowners of Fee Simple Title From Lessors (240" Contact your State Homeownership Center or local HUD office. Objectives: To help homeowners obtain fee-simple title to the property which they hold under long-term leases and on which their homes are located. Types of assistance: guaranteed/insured loans. Estimate of annual funds available: (Mortgages insured) $0. * Money to Buy Your Co-op (14.132 Mortgage Insurance- Purchase of Sales-Type Cooperative Housing Units (213 Sales)) Contact your State Homeownership Center or local HUD office. Objectives: To make available, good quality, new housing for purchase by individual members of a housing cooperative. Types of assistance: guaranteed/insured loans. Estimate of annual funds available: (Mortgages insured) Reported under program 14.135. * Money to Buy a Condominium (14.133 Mortgage Insurance-Purchase of Units in Condominiums (234(c") Contact your State Homeownership Center or local HUD office. Objectives: To enable families to purchase units in condominium projects. Types of assistance: guaranteed/insured loans. Estimate of annual funds available: (Mortgages insured) $9,476,000,000. *Housing Money for Middle Income Families (14.134 Mortgage Insurance-Rental Housing) (207) Office of Business Projects Department of Housing and Urban Development Washington, DC 20410 202- 708-2866 Objectives: To provide good quality housing for middle income families. Types of assistance: mortgages insured. Estimate of annual funds available: Reported under Program ]4.135. * Money to Invest in Apartment Buildings for Middle Class Families (14.135 Mortgage Insurance-Rental and Cooperative Housing for Moderate Income Families and Elderly, Market Interest Rate (221(d)(3) and (4) Multifamily - Market Rate Housing" Office of Business Products U.S. Department of Housing and Urban Development Washington, DC 20410 202-708-2866 Objectives: To provide good quality rental or cooperative housing for moderate income families and the elderly and handicapped. Single Room Occupancy (SRO) may also be insured under this section (see

14.]84). Types of assistance: guaranteed/insured loans. Estimate of annual funds available: (Mortgages insured excluding coinsurance) $5,449,000,000. * Money to Invest in Rental Housing for the Elderly (14.] 38 Mortgage Insurance-Rental Housing for the Elderly (231" Office of Business Products U.S. Department of Housing and Urban Development Washington, DC 20410 202-708-2866 Objectives: To provide good quality rental housing for the elderly. Types of assistance: guaranteed/insured loans. Estimate of annual funds available: (Mortgages insured) $0. * Money to Invest in Rental Housing in Urban Renewal Areas (14.139 Mortgage Insurance-Rental Housing in Urban Renewal Areas (220 Multifamily" Office of Business Products u.S. Department of Housing and Urban Development Washington, DC 20410 202-708-2866 Objectives: To provide good quality rental housing in urban renewal areas, code enforcement areas, and other areas designated for overall revitalization. Types of assistance: guaranteed/insured loans. Estimate of annual funds available: (Mortgages insured) Reported under Program 14.135. * Money to Fix Up Your Home (14.142 Property Improvement Loan Insurance for Improving All Existing Structures and Building of New Nonresidential Structures (Title I" Contact your State Homeownership Center or local HUD office. Objectives: To facilitate the financing of improvements to homes and other existing structures and the building of new nonresidential structures. Types of assistance: guaranteed/insured loans. Estimate of annual funds available: (Loans insured including funding for programs 4.110 and 14.162) $464,000,000. * Money to Fix Up Multifamily Projects (14.151 Supplemental Loan Insurance-Multifamily Rental Housing (241(a") Policies and Procedures Division Office of Insured Multifamily Housing Development U.S. Department of Housing and Urban Development Washington, DC 20411 202-708-2556 Objectives: To finance repairs, additions and improvements to multifamily projects, group practice facilities, hospitals, or nursing homes already insured by HUD or held by HUD. Major movable equipment for insured nursing homes, group practice facilities or hospitals may be covered by a mortgage under this program. Types of assistance: guaranteed/insured loans. Estimate of annual funds available: (Loans insured) Reported under Program 14.135.

Housing and Real Estate * Money to Investors to Purchase or Refinance Multifamily Housing (14.155 Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects (Section 223(t) Insured Under Section 207)) Office of Business Products U.S. Department of Housing and Urban Development Washington, DC 20410 202-708-2866 Objectives: To provide mortgage insurance to lenders for the purchase or refinancing of existing multifamily housing projects, whether conventionally financed or subject to federally insured mortgages at the time of application for mortgage insurance. Types of assistance: guaranteed/insured loans. Estimate of annual funds available: (Mortgages Insured) Reported under Program 14.135. * Money to Build Housing for the Elderly That Also Provides Support Services (14.157 Supportive Housing for the Elderly (202)) Office of Business Products U.S. Department of Housing and Urban Development Washington, DC 20410 202-708-2866

Objectives: To expand the supply of housing with supportive services for the elderly. Types of assistance: direct payment for specified use. Estimate of annual funds available: $1,355,000,000. * Money to Buy a House With Graduated Mortgage Payments (14.159 Section 245 Graduated Payment Mortgage Program) Contact your State Homeownership Center or local HUD office. Objectives: To facilitate early home ownership for households that expect their incomes to rise. Program allows homeowners to make smaller monthly payments initially and to increase their size gradually over time. Types of assistance: guaranteed/insured loans. Estimate of annual funds available: Reported under Program 14.117. * Money to Buy a Trailer and Trailer Lot (14.162 Mortgage Insurance-Combination and Manufactured Home Lot Loans (Title I)) Chief, Home Improved Branch U.S. Department of Housing and Urban Development 451 7th Street, SW, Room 9272 Washington, DC 20410 202-708-6396 Objectives: To make possible reasonable financing for the purchase of a manufactured home and a lot on which to place the home. Types of assistance: guaranteed/insured loans. Estimate of annual funds available: (Mortgages insured) Reported under program No. 14.110. * Money to Finance Coop Buildings (14.163 Mortgage Insurance-Single Family Cooperative Housing (203(n))) U.S. Department of Housing and Urban Development Washington, DC 20410 202-708-6396 Objectives: To provide insured financing for the purchase of the Corporate Certificate and Occupancy Certificate for a unit in a cooperative housing project. Ownership of the corporate certificate claim the right to occupy the unit located within the cooperative project. Types of assistance: guaranteed/insured loans. Estimate of annual funds available: (Mortgages Insured) Reported under program No. 14.117. * Money to Developers in Financial Trouble (14.164 Operating Assistance for Troubled Multifamily Housing Projects (Flexible Subsidy Fund) (Troubled Projects)) Office of Portfolio Management U.S. Department of Housing and Urban Development Washington, DC 20420 202-708-3730 Objectives: To provide loans to restore or maintain the physical and financial soundness, to assist in the management and to maintain the low to moderate income character of certain projects assisted or approved for assistance under the National Housing Act or under the Housing and Urban Development Act of 1965. Types of assistance: direct payments for specified use. Estimate of annual funds available: (Reservations) $17,684,000. * Money to Buy Houses in Areas Hurt by Defense Cuts (14.165 Mortgage Insurance-Homes-Military Impacted Areas (238(c))) Contact your State Homeownership Center or local HUD office. Objectives: To help families undertake home ownership in military impacted areas. Types of assistance: guaranteed/insured loans. Estimate of annual funds available: (Mortgages Insured) Repotted under Program 14.133. * Loans to Developers in Trouble During Their First Two Years of Operation (14.167 Mortgage Insurance-Two Year Operating Loss Loans, Section 223(d) (Two Year Operating Loss Loans)) Office of Business Products U.S. Department of Housing and Urban Development Washington, DC 20410 202-708-2866 Objectives: To insure a separate loan covering operating losses incurred during the first two years following the date of completion of a multifamily project with a HUD-insured first mortgage. Types of assistance: guaranteed/insured loans. Estimate of annual funds available: (Loans insured) Reported under Program 14.135 * Money to Buy a Home Using Increased Equity Payments (14.172 Mortgage Insurance-Growing Equity Mortgages (GEMs))

Contact your State Homeownership Center or local HUD office. Objectives: To provide a rapid principal reduction and shorter mortgage term by increasing payments over a IO-year period, thereby expanding housing opportunities to the home buying public. Types of assistance: guaranteed/insured loans. Estimate of annual! funds available: (Mortgages insured) Reported under program 14.117. * Money to Buy a Home Using an Adjustable Rate Mortgage (14.175 Adjustable Rate Mortgages (ARMS)) Contact your State Homeownership Center or local HUD office. Objectives: To provide mortgage insurance for an adjustable rate mortgage which offers lenders more assurance of long tenn profitability than a fixed rate mortgage, while offering consumer protection features. Types of assistance: guaranteedlinsured loans. Estimate of annual funds available: (Mortgages Insured) RepOlted under 14.117. * Money to Invest in Houses for Those With Disabilities (14.181 Supportive Housing for Persons with Disabilities (811)) Housing for Elderly and Handicapped People Division Office of Elderly and Assisted Housing U.S. Department of Housing and Urban Development Washington, DC 20410 202-708-2730 Objectives: To provide for supportive housing and related facilities for persons with disabilities. Types of assistance: direct payments for specified use. Estimate of annual fnnds available: Reported under program 14.157 * Money to Help Elderly Homeowners Convert Their Equity into a Monthly Income (14.183 Home Equity Conversion Mortgages (255)) Director Insured Family Development Division Office of Single Family Housing U.S. Department of Housing and Urban Development Washington, DC 20410 202-708-2700 Objectives: To enable elderly homeowners to convert equity iu their homes to monthly streams of income or lines of credit. Types of assistance: guaranteed/insured loans. Estimate of annual funds available: (Mortgages insured): Reported under program 14.133. * Money to Help Rid Low-Income Housing of Drug Related Crime (14.193 Federally Assisted Low-Income Housing Drug Elimination) Office of Portfolio Management Department of Housing and Urban Development 4517thStreet,SW,Room6160 Washington, DC 20410 202-708-3944 x2487 Objectives: The purposes of the Assisted Housing Drug Elimination program are to reduce/eliminate drugrelated crime and related problems in and around the premises of federally assisted low income housing; encourage owners of such housing to develop a plan for addressing the problem of drug-related crime in and around the premises of federally assisted low income housing proposed for funding under this part; and make available Federal grants to help the owners of federally assisted low-income housing to calT)' out their .

Real Estate plans. Types of assistance: project grants. Estimate of annual funds available: (Grants) $35,004,739 * Money for Supportive Housing for the Homeless (14.235 Supportive Housing Program) (Transitional Housing; Permanent Housing for Homeless Persons with Disabilities; Innovative Supportive Housing; Supportive Services for Homeless Persons not in Conjunction with Supportive Housing; and Safe Housing) Director Office of Special Needs Assistance Programs Community Planning and Development Department of Urban Development 451 7th Street, SW Washington, DC 20410 202-708-4300

Objective: The Supportive Housing Program is designed to promote the development of supportive housing and supportive services to assist homeless persons in the transition from homelessness and to enable them to live as independently as possible. Program funds may be used to provide:(I) transitional housing within a 24 month period as well as up to six months of follow-up services to former residents to assist their adjustment to independent living, (ii) permanent housing provided in conjunction with appropriate supportive services designed to maximize the ability of person with disabilities to live as independently as possible; (iii) supportive housing that is, or is part of, a particularly innovative project for, or alternate method of, meeting the immediate and long-term needs of homeless individuals and families; (iv) supportive services for homeless individuals not provided in conjunction with supportive housing, and (v) safe havens for homeless individuals with serious mental illness currently residing on the streets who may not yet be ready for supportive services. Types of assistance: project grants, direct payment for specified use. Estimate of annual funds available: (Grants) $630,840,000. * Money to Rid Low-Income Housing of Drug Related Crime (14.312 New Approach Anti-Drug Grants) Application materials: Super-NOFA Information Center 800-HUD-8929 TTY:800-HUD-2209 Program policy and guidelines: Henry Colonna HUD Virginia State Office 3600 West Broad Street Richmond, V A 23230 804-278-4504 x3027 Objectives: to use a comprehensive, coordinated neighborhood/community based approach to eliminate drug-related and other crime problems on the premises and in the vicinity of low-income housing, which may be privately or publicly owned and is financially supported or assisted by public or nonprofit private entities. To emphasize and facilitate the partnership of owners/operators of eligible housing with Federal and local law enforcement as well as other units of general local government and other stake holders to address crime in an assisted project or in an entire neighborhood which may have mGre than one assisted housing project. Types of assistance: project grants. Estimate of annual funds available: (Grants) $49,084,096 * Rent Supplements to Building Owners With Tenants That Have Low Incomes (14.856 Lower Income Housing Assistance Program-Section 8 Moderate Rehabilitation (Section 8 Housing Assistance Payments Program for Very Low Income Families-Moderate Rehabilitation)) Office of the Deputy Assistant Secretary for Public Assisted Housing Development Real Estate and Housing Performance Division U.S. Department of Housing and Urban Development Washington, DC 20410 202-708-0477 Objectives: To aid very low income families and homeless individuals in obtaining decent, safe and sanitary rental housing. Types of assistance: direct payments for specified use. Estimate of annual funds available: (Outlays) not separately identifiable. * Money to Have Your State Buy Your Old Farm and Turn It into a Park (15.916 Outdoor Recreation-Acquisition, Development and Planning (Land and Water Conservation Fund Grants)) Chief Recreation Programs National Park Service (2225) U.S. Department of the Interior 1849 C Street, NW, Room 3622 Washington, DC 20240 202-565-1200 Objectives: To provide financial assistance to the States and their political subdivisions for the preparation of Statewide Comprehensive Outdoor Recreation Plans (SCORPs) and acquisition and development of outdoor recreation areas and facilities for the general public, to meet current and future needs. Types of assistance: project grants. Estimate of annual funds available: (Grants) $40,000,000. * Grants to Build Houses on Indian Reservations (15.141 Indian Housing Assistance) Division of Human Services

Office of Tribal Services Bureau of Indian Affairs MS 464] MIB 1849 C Street, NW Washington, DC 20240 202-208-3667 Objectives: To use the Indian Housing Improvement Program (HIP) and Bureau of Indian Affairs resources to substantially eliminate substandard Indian housing. This effort is combined with the Indian Health Service (Department of Health and Human Services). Types of assistance: project grants (contracts); dissemination of technical information. Estimate of annual funds available: (Total amount of award: Selfdetermination contracts and direct grants) $28,000,000. * Appalachian Local Development District Assistance (23.009 Appalachian Local Deve]opment District Assistance CLDD) Inquiries and proposals for projects submitted first to: Appalachian State Office designated by the Governor (See Appendix IV of the Catalog) Other inquiries: Executive Director Appalachian Regional Commission 1666 Connecticut Avenue, NW Washington, DC 20235 202-884-7700 Objectives: To provide planning and development resources in multi county areas; to help develop the technical competence essential to land development assistance; and to meet the objectives stated under the program entitled Appalachian Regional Development (23.001). Types of assistance: project grants. Estimate of annual funds available: (Grants) $5,965,000 * Physical Disaster Loans (59.008 Physical Disaster Loans) (7 (b) Loans (DL)) Office of Disaster Assistance Small Business Administration 409 3rd Street, SW Washington, DC 20416 202-205-6734 Objectives: To provide loans to the victims of declared physical type disasters for uninsured losses. Types of assistance: direct loans. Estimate of annual funds available: (Loans) $1,100,000,000 (Obligations include funds for 59.002 and 59.008). * Homeless Providers Grant (64.24 V A Homeless Providers Grant and Per Diem Program) Program Manager V A Homeless Providers Grant and Per Diem Program Mental Health Strategic Healthcare Group ( 116E) Department of Veteran Affairs 810 Vermont Avenue, NW Washington, DC 20420 202-273-8966 Objectives: To assist public and nonprofit private entities in establishing new programs and service centers to furnish supportive services and supportive housing for homeless veterans through grants that may be used to acquire, renovate, or alter facilities, and to provide per diem payments, or in-kind assistance in lieu of per diem payments, to eligible entities which established programs after November 10, 1992 that provide supportive services and supportive housing for the homeless veterans. Types of assistance: project grants. Estimate of annual fund available: $31,653,000. * Paraplegic Housing (64.106 Specially Adapted Housing for Disabled Veteran) (Paraplegic Housing) Department of Veteran Affairs Washington, DC 20420 202-273-7355 Objectives: To help certain severely disabled veteran acquire a home which is suitable adapted to meet the special needs of their disability. Types of assistance: direct payment for specified use. Estimate of annual funds available: (Direct Payments) $21,065,000 Housing and Real Estate * Money for Veterans Who Want to Buy a House (64.114 Veterans Housing-Guaranteed and Insured

Loans (V A Home Loans" U.S. Department of Veterans Affairs Washington, DC 20420 202-273-7390 Objectives: To assist veterans, certain service personnel, and certain unremarried surviving spouses of veterans, in obtaining credit for the purchase, construction or improvement of homes on more liberal terms than are generally available to non-veterans. Types of assistance: guaranteed/insured loans. Estimate of annual funds available: (Closed Loans Guaranteed) $32,115,917,000. * Loans for Disabled Veterans to Buy a House (64.118 Veterans Housing-Direct Loans for Disabled Veterans) U.S. Department of Veterans Affairs Washington, DC 20420 202-273-7390 Objectives: To provide certain severely disabled veterans with direct housing credit in connection with grants for specially adaptive housing with special features or movable facilities made necessary by the nature of their disabilities. Types of assistance: direct loans. Estimate of annual funds available: (Loans) $33,000. * Money for Veterans to Buy Mobile Homes (64.119 Veterans Housing-Manufactured Home Loans) U.S. Department of Veterans Affairs Washington, DC 20420 202-273-7390 Objectives: To assist veterans, servicepersons, and certain unremarried surviving spouses of veterans in obtaining credit for the purchase of a manufactured home on more liberal terms than are available to nonveterans. Types of assistance: guaranteed/insured loans. Estimate of annual funds available: (Guaranteed Loans) $0. * Loans for Native American Veterans to Buy or Build a Home (64.126 Native American Veteran Direct Loan Program (V A Native American Home Loan Program" U.S. Department of Veterans Affairs Washington, DC 20420 202-273-7377 Objectives: To provide direct loans to certain Native American veterans for the purchase or construction of homes on trust lands. Types of assistance: direct loans. Estimate of annual funds available: (Loans): $1,768,000. * Grants for Storm Windows or to Weatherize Your Home (81.042 Weatherization Assistance for Low Income Persons) Director Office of State and Community Programs Mail Stop EE-44 Office of Energy Efficiency and Renewable Energy U.S. Department of Energy Forrestal Building Washington, DC 20585 202-586-4074 Objectives: To insulate the dwellings of low income persons, particularly the elderly and handicapped low income, in order to conserve needed energy and to aid those persons least able to afford higher utility costs. Types of assistance: formula grants. Estimate of annual funds available: $154,100,000. * Government Subsidized Flood Insurance to Homeowners (83.100 Flood Insurance) Edward T. Pasterick Federal Insurance Administration Federal Emergency Management Agency Washington, DC 20472 202-646-3443 Objectives: To enable persons to purchase insurance against losses from physical damage to or loss of buildings and or contents therein caused by floods, mudflow, or flood-related erosion in the United States and to promote wise flood plain management practices in the Nation's flood-prone and mudflow-prone areas. Types of assistance: insurance. Estimate of annual funds available: $1,380,161,000. * Individual and Family Grants (83.543 Individual and Family Grants) Director Human Services Division Response and Recovery Directorate Federal Emergency Management Agency Washington, DC 20472 202-646-3685 Objectives: To produce funds for the necessary expenses and serious needs of disaster victims which cannot be met through other forms of disaster assistance or through other means such as insurance. Types

of assistance: project grants. Estimate of annual fund available: (Grants) Not separately identifiable. * Disaster Housing Program (83.545 Disaster Housing Program) Directorate Federal Emergency Management Agency Washington, DC 20472 202-646-3685 Objectives: To provide assistance to households affected by a disaster to assist with their disaster created housing needs. Types of assistance: direct payment for specified use; provision of specialized services. Estimate of annual funds available: (Housing Assistance) Not separately identifiable. * Grants for Renovation or Construction of NonAcute Health Care Facilities (93.887 Project Grants for Renovation or Construction of Non-Acute Health Care Facilities and Other Facilities) (1610 (b) Program) Program: Acting Director Division of Facilities Compliance and Recovery Office of Special Programs Health Resources and Services Administration Department of Health and Human Services Parklawn Building 5600 Fishers Lane, Room IOC-16 Rockville, MD 20857 301-443-5656 Grants: Management Specialist Grants Management Branch Office of Program Support HIV?AIDS Bureau Health Resources and Services Administration 5600 Fishers Lane, Room 7-27 Rockville, MD 20857 301-443-5906 Objectives: To renovate, expand, repair, equip, or modernize non-acute health care facilities. Types of assistance: project grants. Estimate of annual funds available: (Grants) $0 * Money For Nonprofits to Provide Rural Housing Site Loans (10.411 Rural Housing Site Loans and Self-Help Housing Land Development Loans (Section 523 and 524 Site Loans" Director Single-Family Housing Processing Division Rural Housing Service U.S. Department of Agriculture Washington, DC 20250 202-720-1474 Objectives: To assist public or private nonprofit organizations interested in providing sites for housing, to acquire and develop land in rural areas to be subdivided as adequate building sites and sold on a cost development basis to families eligible for low and very low income loans, cooperatives, and broadly based nonprofit rural rental housing applicants. Types of assistance: direct loans. Estimate of annual funds available: (Loans) $5,009,000. * Money to Fix Up Your Home in the Country (10.433 Rural Housing Preservation Grants) Multiple Family Housing Processing Division Rural Housing Service U.S. Department of Agriculture Washington, DC 20250 202-720-1660 Objectives: To assist very low and low income rural residents individual homeowners, rental property owners (single/multi-unit) or by providing the consumer cooperative housing projects (co-ops) the necessary assistance to repair or rehabilitate their dwellings. These objectives will be accomplished through the establishment of repair/rehabilitation, projects run by eligible applicants. This program is intended to make use of and leverage any other available housing programs which provide resources to very low and low income rural residents to bring their dwellings up to development standards. Types of assistance: project grants. Estimate of annual funds available: (Grants) $8,000,000.

Real Estate Entrepreneur * Money for Homes for Low Income Indian Families (14.850 Public and Indian Housing) Assistant Secretary for Public and Indian Housing U.S. Department of Housing and Urban Development Washington, DC 20410 202-708-0950 Objectives: To provide and operate cost-effective, decent, safe and affordable dwellings for lower income families through an authorized local Public Housing Agency (PHA) or Indian Housing Authority (IRA). Types of assistance: direct payments for specified use. Estimate of annual funds available: (Includes obligations for 14.851, 14.852, 14.853 and 14.854) $0. Indian Development: $3,192,000,000. * Loans for Families With Bad Credit Histories (14. I 40 Mortgage Insurance-Special Credit Risks) Contact your State Homeownership Center or local HUD once. Objectives: To make homeownership possible for low and moderate income families who cannot meet normal HUD requirements. Types of assistance: guaranteed/insured loans. Estimate of annual funds available: (Mortgages insured) $0. * Money to Provide Affordable Rental Housing for Low-Income Families (14.239 HOME Investment Partnerships Program) Gordon McKay, Director Office of Affordable Housing Programs Community Planning and Development U.S. Department of Housing and Urban Development 451 7th St., SW, Room 7164 Washington, DC 20410 202-708-2470 Objectives: (I) To expand the supply of decent and affordable housing, particularly rental housing, for low and very low income Americans; (2) To strengthen the abilities of State and local governments to design and implement strategies for achieving adequate supplies of decent, affordable housing; (3) To provide both financial and technical assistance to participating jurisdictions, including the development of model programs for developing affordable low income housing and; (4) To extend and strengthen partnerships among all levels of government and the private sector, including for-profit and nonprofit organizations, in the production and operation of affordable housing. Types of assistance: formula grants. Estimate of annual funds available: (Grants) $1,595,780,000. * Money to Invest in Rental Housing for Lower Income Families (14.856 Lower Income Housing Assistance Program-Scction 8 Moderate Rehabilitation) Office of the Deputy Assistant Secretary for Public Assisted Housing Delivery Real Estate and Housing Performance Division U.S. Department of Housing and Urban Development Washington, DC 20410 202-708-0477 Objectives: To aid very low income families in obtaining decent, safe and sanitary rental housing. Types of assistance: direct payments for specified use. Estimate of annual funds available: (Outlays) not separately identifiable. * Loans to Investors, Builders, Developers of Affordable Housing (14.189 Qualified Participating Entities QPE Risk Sharing Pilot Program) Business Products Division U.S. Department of Housing and Urban Development Washington, DC 20410 202-708-2866 Objectives: Under this program HUD will provide reinsurance on multifamily housing projects whose loans are originated, underwritten, serviced, and disposed of by qualified participating entities (QPEs) and/or its approved lenders, up to 15,00 units through fiscal year 1994. The program is a pilot designed to assess the feasibility of risk-sharing partnerships between HUD and QPEs, including Government Sponsored Enterprises, State and local housing finance agencies, financial institutions and the Federal Housing Finance Board, in providing affordable housing for the nation. Types of assistance: guaranteed/insured loans. Estimate of annual funds available: (Loans insured) Reported under Program 14.135. * Money for Developers, Investors, and Builders of Low Income Housing

(14.188 HFA Rick Sharing Pilot Program) Policies and Procedures Division Office of Insured Multifamily Housing Development U.S. Department of Housing and Urban Development Washington, DC 20412 202-708-2556 Objectives: Under this program, HUD will provide credit enhancement for mortgages for multifamily housing projects whose loans are underwritten, processed, serviced, and disposed of by HFAs, HUD, and the Housing Finance Agencies share in the risk of the mortgage. Types of assistance: guaranteed/insured loans. Estimate of annual funds available: (Loans Insured) Reported under program 14.135.

Conclusion
With many things always changing in the housing market we are in real need of knowledge and information. For many people this is basic information, but for the vast majority this is a wealth of info that can help educate them so the can go the home buying process. Good luck in your quest and hope you are able to get the American Dream and own your own home.

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The above information is educational and should not be interpreted a professional health advice. For advice that is specific to your circumstances, you should consult a physician or professional.

VISIONQUEST OR Todd Hankinson is not giving professional advice only information for you to use at your own risk. Visionquest or Todd Hankinson will not be responsible for losses or problems for the information written.

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