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BELOW MARKET RATE (BMR) HOME OWNERSHIP PROGRAM |
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We are accepting applications from eligible one, two, three and four-bedroom households.
Toll Brothers has released a selection of townhomes and condominiums at The Station for Sunnyvale’s Below Market Rate (BMR) Housing Program, with expected closings within the next 120 days. Moderate-income, first-time home buyers who currently live or work in Sunnyvale will receive priority in purchasing these homes.
Terrace at The Station (townhomes):
Vantage at The Station (condominiums):
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3 one-bedroom homes
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9 two-bedroom homes
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1 three-bedroom home
Please read the information below to see if you qualify for the program.
Visit the Home Buyer Programs for general information and BMR Program Resources.
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How to Determine Eligibility and Apply
Households eligible for, one, two, three and four-bedrooms: Apply by completing the following steps. Download the forms and resources you'll need below.
- Verify that you meet the Income Limits based on your household size.
- Review the BMR Home Ownership Program Guidelines.
- Confirm with Housing staff, the number of bedrooms that your household qualifies for.
- Ensure you have 10% of the homes purchase price for down payment.
- Obtain a pre-approval letter for a loan from a Qualified Participating Lender.
- Attend an 8-hour Homebuyer Education Workshop, in person or online. The workshop must be from a HUD-Certified Homebuyer Education Provider
- Complete a Homebuyer Program Eligibility Application, and gather all the required supporting documentation.
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Email Housing to receive instructions on how to electronically* submit your:
- Homebuyer Program Eligibility Application
- Supporting documentation
- And where to mail the $75 non-refundable fee
*Only electronic submissions are accepted
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