Maryland finances $29.7 million at 7.25% for home mortgages

INDUSTRY WATCH

February 20, 2000

The Maryland Department of Housing and Community Development has financed $29.7 million of mortgage money at 7.25 percent interest for residents of Baltimore and 20 of the state's 23 counties.

The On-Behalf-Of program began Monday. Each jurisdiction has income limits, maximum acquisition costs and geographic eligibility requirements. New construction is not eligible.

For more information and lists of participating lenders and local eligibility requirements, call 410-514-7501 or 800-638-7781.

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