BELOW MARKET RATE (BMR) HOME BUYER PROGRAM

The City of Sunnyvale requires developers of large housing projects to sell a percentage of the homes at below market prices to low- to moderate-income households. NEW BMR Home Ownership Guidelines are available!

Below Market Rate Home Ownership Guidelines

BMR Homes Currently For Sale

How do I apply?

1. Pre-qualify with a mortgage lender. A list of participating lenders is provided by the City of Sunnyvale, however you can pre-qualify with any lender of your choice.
2. Attend a first-time home buyer workshop provided by a HUD-certified counselor. 
3. Submit to the City of Sunnyvale Housing Division:

   • Eligibility Application
   • Supporting Documentation
   • $50 non-refundable fee
4. You may select a participating real estate professional, at your own expense. A real estate professional is not required to purchase a BMR home.
5. Bring your City of Sunnyvale approval letter to the sales office with available BMR homes for sale to submit an offer to purchase.

Eligibility Application
Participating Realtors
Participating Lenders
Workshop Providers
BMR For Sale

For more information, contact Housing Programs Technician Rachel DeBord at (408) 730-7250 or email to housing@ci.sunnyvale.ca.us.

Down Payment assistance may be available to eligible applicants. Approval to purchase a BMR home, does not guarantee you will be eligible for down payment assistance.

Affordable Housing Workshop

RSVP today to attend an affordable housing presentation on January 19 at 6:00 p.m. Learn more about affordable housing opportunities in Sunnyvale. Call Housing Programs Technician Rachel DeBord at (408) 730-7250 or email housing@ci.sunnyvale.ca.us.

Online Interest List Form

Be the first to know when BMR homes are for sale! Submit the online Interest List form and you will notified when we are accepting applications for available BMR homes, program updates, and affordable housing opportunities.

Information for Real Estate Professionals

If you are a real estate professional representing the buyer of a below-market rate home, it is important you understand the City of Sunnyvale's BMR program. Before representing a BMR buyer, you must sign the City of Sunnyvale Below Market Rate Home Ownership Program Realtor Participation Agreement certifying that you have read and understand our program requirements as contained in the items listed below. For questions, please contact Housing Program Analyst Lupita Gaeta at (408) 730-7812 or lgaeta@ci.sunnyvale.ca.us.

FIRST-TIME HOME BUYER DOWN PAYMENT LOAN PROGRAM

The First-Time Home Buyer (FTHB) Loan Program provides silent second down payment assistance of up to $50,000 for eligible first-time home buyers. Assistance may be used to purchase market-rate or below-market rate homes in Sunnyvale. The program is available to first-time home buyers who live or work in Sunnyvale and whose incomes do not exceed the maximum for their household size.

Application
Administrative Guidelines
Brochure

2011 INCOME LIMITS

HOME BUYER RESOURCES

Watch these videos provided by the U.S. Department of Housing and Urban Development to learn more about shopping for your home and your loan.

HUD-Certified Home Buyer Education Providers

Participation in any of Sunnyvale's home buyer programs requires attendance at a Fannie Mae approved home buyer education class from a HUD-certified housing counselor. Contact one of the providers from the list of local HUD-Certified Home Buyer Education Providers to sign-up for a class.

Local Mortgage Lenders

Participation in any of the home buyer programs requires pre-qualification for a first mortgage by a lender of your choice. You are not required to use a lender from the list of local mortgage lenders provided by the City of Sunnyvale.

Housing Trust of Santa Clara County

The Housing Trust is a nonprofit organization that provides loans to low- and moderate-income home buyers throughout Santa Clara County in the form of low-interest, second mortgages and down payment assistance.

California Housing Finance Agency (CalHFA)

CalHFA offers low interest rate first mortgage programs and a variety of down payment assistance programs to eligible low- and moderate-income first-time home buyers in California.

Credit Counseling

If you are considering buying a home, your credit score will affect your ability to get a home loan and purchase your first home. Credit counseling services are available from the following HUD-certified agencies to prepare you for your first home.