1. What is the REALTOR’S Role?

2. What can you do?
Deferred loan program
Affordable home loan programs

3. Frederick County Association of REALTORS Deferred Loan Program

4. What is a Deferred Loan Program
This is a loan that is paid back when the home is sold or refinanced
It is a recorded note on the property

5. Why did we create this program?
To help low to moderate income buyers
60% of median income
To help with closing costs and/or down payment
Educate the buyer about the process
Educational class required

6. Funding Source Local government Large employers Events
Home buying expo
Local Association

7. Deferred Loan Program Helps buyers and promotes home ownership
Gives something back to the community

8. Home Loan Program
Web site that allows consumers to research all types of affordable loan programs that are available based income and location.
Partnering with the Frederick County Board of Education Human Resource Department in recruitment of new teachers

9. This provides a resource for the public and REALTORS
This outreach will strengthen the knowledge of what is available for work force housing