Below Market Price (BMP) Homes

BMP Home for Sale


At this time, there is a 2 bedroom, 2.5 bath condo available for purchase. The address is 5915 Via Lugano in the Ardenwood area of Fremont. The purchase price is $406,174. For more information and photos, please check out the following links:

Property Flyer

Virtual Tour

If you are interested in the property, please view the requirements below and contact the listing realtor, Ben Paras, by email or by calling 650-922-2779. The realtor will be responsible for scheduling showings, accepting applications, and handling the sales transaction.

The deadline to submit an offer for this property is Monday, July 20, 2020 at 12:00 p.m.

5915 Via Lugano

5915 Via Lugano

Eligibility Requirements


To be eligible to purchase a BMP home, applicants may not have owned a home within the last three years. Qualified applicants must also meet one of the following requirements: 
  • Currently live in Fremont (for the last three consecutive years)
  • Currently work in Fremont (for the last three consecutive years)

Income Requirements 


An applicant's annual household gross income (before taxes) must not exceed the following limits. For example, a 2-person household cannot earn more than $104,885 a year before taxes to be eligible.
Household Size Maximum Household Income
2 $104,885
3 $118,030
4 $131,120
5 $141,625

Loan Requirements

To make an offer on a BMP home, applicants must obtain a loan pre-approval letter from a City Approved Lender. To apply for a loan pre-approval letter, applicants must submit a number of documents. See our list of documents.

Interest List


If you would like to be notified when a BMP home is available for purchase, please sign up for our First Time Homebuyer Program Interest List. Please note that the interest list is not an application wait list. It is an "interest list" only.