Below Market Price (BMP) Homes

BMP Homes for Sale

At this time, there are no BMP homes for sale. To be notified when a BMP home is available, please sign up for the City's First Time Homebuyer Program Interest List

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.