Residential Mortgage Corporation Non Profit Information

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Mission

The mission of the Residential Mortgage Learning Institute (RMLI) is to address the issues of homeownership that families encounter through three distinct programs: (1) the Road to Home Ownership that targets low income families who are transitioning from renting to home ownership; (2) the RMLI Community Education Program which offers free workshop to the community and (3) the Education and Training Opportunities Program which is designed to meet the training needs of those who work in the mortgage industry.

 

Current Programs

Residential Mortgage Corporation is an African American owned mortgage company that has nonprofit subsidiary, the Residential Mortgage Learning Institute (RMLI). There area three major programs under RMLI: 1) the Education and Training Opportunities Program is designed to offer training to those who are new to mortgage financing, while providing continuing education for the more experienced loan officer; (2) the RMLI Community Education Program allows us to conduct free workshop for community members from churches and area schools that address the general aspects of home ownership and (3) the Road to Home Ownership Program which affords low and moderate income families an opportunities to repair their credit, learn budgeting and other life skills that lead to owning a home.

Our Road to Home Ownership Program includes the following components: Purchasing Your First Home: the 411 on Credit (Everything You Need to Know About Credit, but Were Afraid to Ask); Financial Fitness for Home Ownership and the Road to Closing Day. Home buying counseling sessions are conducted one-on-one to specifically address the challenges faced by future homeowners.

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Program News
  • Neighborhood Stabilization Program

    The Neighborhood Stabilization Program (NSP) was established for the purpose of stabilizing communities that have suffered from foreclosures and abandonment. Through the purchase... Read More→

  • ADDI

    The American Dream Down Payment Initiative provides down payment and closing cost assistance to low to moderate income families who are first time homebuyers for the purchase of... Read More→

  • HPAP

    The Home Purchase Assistance Program (HPAP) enables lower-and moderate-income individuals and families to purchase affordable housing in Washington, D.C. Qualified HPAP applicants... Read More→

  • My Home Program

    The My Home loan provides home loan assistance to eligible first time homebuyers to purchase owner occupied or vacant residential properties anywhere in Prince Georges County.... Read More→

  • CDA

    The Community Development Administration program is for first time homebuyers and will assist with the down payment and closing cost. Income restrictions are more flexible as... Read More→

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    I/We fully understand that it is a Federal crime punishable by fine or imprisonment, or both to knowingly make any false statement when applying for this mortgage as applicable under the provisions of Title 18, United States Code, Section 1014.