Below Market Price (BMP) Homes

BMP Homes for Sale

49002 Cinnamon Fern Common #312

There is a 3 bedroom, 2 bath home available for purchase. The address is 49002 Cinnamon Fern Common #312 in South Fremont. The purchase price is $430,647. The household size for this home must be between 3 and 5 persons. For more information and photos, please check out the Property Flyer.

If you are interested in this property, please view the requirements below and contact the listing realtor, Srinivasa Myneni, by email or by calling 510-353-3555. The realtor will be responsible for scheduling showings, accepting applications, and handling the sales transaction. The deadline to apply is Monday, September 28, 2020 at 12:00 p.m. Only one application per applicant/household is allowed.
49002 Cinnamon Fern

Eligibility Requirements

To be eligible to purchase a BMP home, applicants may not have owned a home within the last three years. Applicants must also currently live or work in Fremont.

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

Application and Loan Requirements

To make an offer on a BMP home, applicants must submit the following documents to the realtor:
  • City's BMP Application: Fill out the City's BMP Application and submit it to the realtor. Please do not submit the application to the City.
  • Loan Pre-Approval Letter: Obtain a loan pre-approval letter from a City Approved Lender and submit it to the realtor. To apply for a loan pre-approval letter, applicants must submit a number of documents to the lender. 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.