If you are a participant of the First Time Homebuyer Program or the Neighborhood Home Improvement Program and you are interested in refinancing your loan, you must work with a lender listed on the City’s Participating Lender List.

If you are a home buyer who purchased a home or borrowed funds using one of our programs: 1) Welcome Home Program ($40k loan assistance), 2) Welcome to the Neighborhood Program ($40K loan assistance), 3) Below Market Price Home Ownership Program, or 4) Neighborhood Home Improvement Program, and you wish to refinance your home loan, you must contact a lender from the City's Participating Lender List, fill out the Form of Owner Request for City Subordination, and send it to the Housing Division by email.

Guideline Document for Approved Lenders

• Subordination Guidelines for First Time Homebuyer, Below Market Priced Homes, and Neighborhood Home Improvement Program

For questions, please contact the Housing Division at 510-494-4500 or by email.

If you make improvements to your home and want the value of the capital improvements to be taken into account when the Maximum Restricted Resale Price is calculated, you must obtain approval by the City before the improvements are made. To obtain approval, you must complete the Request for City Approval of Improvements to the Home Form and submit the form and any attachments by mail (Housing Division, 39550 Liberty Street, Fremont, CA 94538) or by email. The initial cost of each improvement must be at least 1% of the original purchase price, and the improvements must conform with existing building codes. For a list of eligible improvements, please view the City's Eligible Capital Improvements List.

For questions, please contact the Housing Division at 510-494-4500 or by email.

Below Market Price Homes
The City has helped make the cost of buying a Below Market Price (BMP) home affordable. In exchange for the opportunity to buy your home at an affordable below market price, you agree that the City has an option to buy your home at a restricted resale price or the City can assign it to another income eligible first time homebuyer household. If you decide to sell or move from your home, you must let the City know promptly in writing of your intention by completing and sending the City the Owner’s Notice of Intent to Transfer. The City will have 30 days to respond to the notice, and the response will include the current restricted resale value as well as resale information.

Downpayment and Home Improvement Loan Repayment
If you purchased your home with downpayment loan assistance or borrowed funds for home improvements from the City and decide to sell or pay off your loan, please have your Escrow Officer email the Housing Division immediately to request a loan payoff. The City will need the following documents to prepare a loan payoff quotation: completed Owner’s Notice of Intent to Transfer, a fully executed purchase agreement, a current property appraisal report, and a preliminary title report.

For questions, please contact the Housing Division at 510-494-4500 or by email.