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BELOW MARKET RATE (BMR) HOME OWNERSHIP PROGRAM |
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BMR Unit at Karby Terrace
- 2-bedroom
- 2-bathroom
- 1002 sq.ft.
- Available to any income-qualified household of up to 5 people
- An open house is planned for Tuesday, Feb. 1, 5 to 6:30 p.m.
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Email Housing for more information and address.
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How to Determine Eligibility and Apply
Households eligible for one- and two-bedrooms: Apply by completing the following steps. Click on the links to download forms and resources needed.
- Verify that you meet the Income Limits based on your household size.
- Review the full BMR Home Ownership Program Guidelines.
- Confirm with Housing staff, the number of bedrooms that your household size qualifies for.
- Obtain a pre-approval letter for a loan from a Qualified Participating Lender.
- Attend an, in-person or online, 8-hour Homebuyer Education Workshop by a
HUD-Certified Homebuyer Education Provider and submit the certificate to the
Housing staff within 30 days of submitting your Homebuyer Program Eligibility
Application. Include a copy of your receipt for the class with your supporting
documentation.
- Review and complete the Disclosures Acknowledgment Form.
- Complete a Homebuyer Program Eligibility Application, and gather all the required supporting documentation.
- Email staff at housing@sunnyvale.ca.gov to receive instructions on how to submit your complete Homebuyer Program Eligibility Application and supporting documentation electronically, and where to mail the $75 non-refundable fee to the City of Sunnyvale.
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