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Reminder: Below Market Price Home for Sale in Fremont
Post Date: 01/02/2025 9:55 AM

Exterior of 3558 Sequoia Common 

The City of Fremont has a Below Market Price (BMP) home [ https://www.fremont.gov/government/departments/housing/affordable-housing/first-time-homebuyer-program/below-market-price-bmp-homes ] available for sale through the City’s First Time Homebuyer Program [ https://www.fremont.gov/government/departments/housing/affordable-housing/first-time-homebuyer-program ]. Offers for this property are now being accepted. The deadline to submit an offer is Friday, January 24, 2025, at 5:00 p.m.

**

*BMP HOME FOR SALE*
The home for sale is located at 3558 Sequoia Common in the Centerville area of Fremont. The home is a townhome with 3 bedrooms and 2.5 bathrooms. The purchase price is $544,841. The household size for this home must be between 3 and 7 persons.

***For more information, please view the property flyer [ https://www.fremont.gov/home/showpublisheddocument/17121/638702876919470000 ].***

*The first open house is this Sunday, January 5, 2025, from 1 p.m. to 4 p.m.*

*The second open house is Saturday, January 11, 2025, from 1 p.m. to 4 p.m.*

**

*ELIGIBILITY REQUIREMENTS*
To be eligible to purchase this BMP home, applicants must be a U.S. citizen or permanent resident and may not have owned a home within the last three years. Priority will be given to those currently living or working in Fremont. Those who do not qualify for the live/work preference priority are still eligible to apply.

**

*INCOME REQUIREMENTS*
An applicant's annual household gross income (before taxes) must meet the minimum and maximum limits listed below. For example, a 3-person household must earn at least $108,750 and no more than $154,165 a year before taxes to be eligible. Applicants with incomes close to the limits are still encouraged to apply.


* 3-person household: $108,750 - $154,165
* 4-person household: $120,800 - $171,270
* 5-person household: $130,500 - $184,965
* 6-person household: $140,150 - $198,660
* 7-person household: $149,800 - $212,355

**

*APPLICATION PROCESS*
If you are interested in this property, please do not contact the City. Please contact the listing realtor below.

*The listing realtor below will be responsible for scheduling showings, accepting offers, and handling the sales transaction:*

*Gagan Singh
Listing Realtor
Email: gagan.singh@redfin.com
Phone: ***925-212-3478 *
**Website for Submitting Offers [ https://app.disclosures.io/link/3558-Sequoia-Cmn-vld23z81 ]*

*To make an offer on a BMP home, applicants must take the following steps:*


* *Hire a realtor to represent you. *For a list of realtors with experience in the City’s BMP program, you can email housing@fremont.gov. Please keep in mind that the City is implementing a Holiday Closure [ https://www.fremont.gov/government/holiday-closure-2024 ] from Tuesday, December 24, 2024, through Wednesday, January 1, 2025. Staff will not be responding to phone calls or emails during the closure.
* *Submit all four (4) required documents below to the listing realtor to make an offer on the property:*
* *City’s Eligibility Checklist:* You must complete the City’s Eligibility Checklist [ https://www.fremont.gov/home/showpublisheddocument/12403/638542174166370000 ].
* *City's BMP Application: *You must complete the City's BMP Application [ https://www.fremont.gov/home/showpublisheddocument/339/638542174684830000 ].
* *Current Photo ID:* Applicants must provide a current photo ID such as a passport, driver's license, state ID, or school ID— for every adult household member who is 18 years of age or older.
* *Loan Pre-Approval Letter: *You must obtain a loan pre-approval letter from a City Participating Lender [ https://www.fremont.gov/home/showpublisheddocument/337/638703123000630000 ] and have your realtor submit it to the listing realtor for the property. To apply for a loan pre-approval letter, you must submit several documents to the lender. See the list of documents [ https://www.fremont.gov/home/showpublisheddocument/345/637956341773870000 ]. You should give lenders at least 7-10 days for loan pre-approval.

* *HUD First Time Homebuyers Certificate: *This certificate is not required to apply for a BMP home, but if you are selected, it is required to purchase the home. The certificate is valid for up to one year. View a list of local agencies that provide certification [ https://www.fremont.gov/home/showpublisheddocument/343/637998898254730000 ].
* *Duplicate offers from the same household will be disqualified.*

Offers for this property are now being accepted. The deadline to submit an offer is Friday, January 24, 2025, at 5:00 p.m.

Click here for more information [ https://www.fremont.gov/Home/Components/News/News/1195/ ]
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