424B2: Prospectus filed pursuant to Rule 424(b)(2)

Resource Mortgage Capital, Inc.
Dividend Reinvestment and Stock Purchase Plan
Effective December 20, 1996


The information set forth below, in combination with the Prospectus dated July
29, 1996, constitutes the Dividend Reinvestment and Stock Purchase Plan of
Resource Mortgage Capital, Inc.

Holders of any series of the Company's Preferred Stock that have been identi-
fied by the Company as eligible to participate in the Dividend Reinvestment and
Stock Purchase Plan ("Plan") may participate in the Plan.