The BMR Home Ownership program offers low and moderate-income , first-time homebuyers the opportunity to purchase specified condominium units in Marin County at less than market value. Marin Housing administers the sale of newly constructed units as well as previously owned units being offered for resale. There are approximately 340 homes in the program located throughout Marin County, except in the city of Novato. The Novato BMR Program is handled by Hello Housing of San Francisco. To learn more about the program, review the process below and or review our BMR Program Summary.
Step-By-Step Process: What and When
Determine Your Eligibility
Research and determine if you are eligible for the Below Market Rate Homeownership program.
Homebuyer Certificate
Once you have determined that you are eligible for the program, take part in a Homebuyer education course from one of our HUD certified counseling agencies to get your Homebuyer Certificate.
Fill Out The Application
Fill out your application (good for the current calendar year), and your name will be entered in our pool of BMR applicants.
Lottery Drawings
A drawing is held each time a BMR unit becomes available. Your name will be entered in every drawing for which you are eligible by household size and income level.
Lottery Drawing Verification
Starting with the first name drawn, applicants are interviewed to verify program eligibility and ability to qualify for financing by obtaining timely approval from a Participating BMR lender.
You Become Selected!
If selected, you enter into a purchase contract with the seller and pay an initial deposit to an escrow account opened at the title company.
Home Loan Approved
Upon approval of your loan, you sign the loan papers, and with the closing of escrow, you become the proud owner of your new home.
After Purchasing
For any capital improvement or refinance requests, please use one of the forms below.
