First Time Homebuyer Program
Welcome to the first step in realizing your dream of homeownership. The City of Fremont offers the following programs to eligible first time homebuyers to help them realize their dream of home ownership.
Welcome Home Program
- Maximum loan: $40,000
- Interest: Equity share (deferred until transfer or sale of property or end of loan term)
- Term: 45 years
- Property: Condo, town home, or single family residence located anywhere in Fremont
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Welcome to the Neighborhood Program
- Maximum loan: $40,000
- Interest: Equity share (deferred until transfer or sale of property or end of loan term)
- Term: 45 years
- Incentive: $10,000 of the City's loan (or 25% of the actual loan amount- which ever is less) is forgiven as a dollar-for-dollar reimbursement for home improvements completed within the first seven years of home ownership
- Property: Condo, town home, or single family residence located in specific neighborhoods of Centerville, Irvington, or Niles
Moderate Income Home Ownership Program (aka Below Market Price Homeownership Program)
- Maximum loan: No loan assistance
- Term: 30 years
- Property: Through the City's Inclusionary Housing Ordinance, brand new homes are offered at below market price (via a drawing) to eligible home buyer graduates.
Eligibility and Application Process Additional Information
Contact
For specific questions about the First Time Homebuyer Program, please contact the Office of Housing and Redevelopment at (510) 494-4500 or by email.
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