Through the City's First Time Homebuyer Program, the City offers income eligible first time homebuyers the opportunity to purchase a below market price (BMP) home in Fremont.

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Participating Lender

The City requires that anyone interested in purchasing a new or resale BMP home must work with a City Participating Lender. They must get pre-approved for a primary (or “first”) mortgage from one of the lenders prior to submitting an offer.

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Training Manual for Lenders

The City's Housing Division has prepared a Participating Lender Training Manual to provide Participating Lenders with a summary of the key requirements of the City's First Time Homebuyer Program. The manual includes the following information:

• BMP homebuyer eligibility requirements
• BMP home sale process
• BMP homeowner obligations
• Participating Lender requirements
• Process for becoming a Participating Lender
• City’s underwriting requirements
• Factors to be considered in the income qualification process

Existing Participating Lenders are required to review the Participating Lenders Training Manual in its entirety.

Lender Training Manual

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More Information

For more information, contact the City's Housing Division at 510-494-4500 or by email.