You can take the virtual tour of the interior of the property. The highest ranked lottery winners will be able to view the property after the Lottery.
This BMR Condo is a Fair Housing Opportunity made available through the City of South San Francisco. The BMR condo is subject to resale controls, monitoring, and other restrictions.
The following Program eligibility requirements must be met to purchase the SSF BMR condo.
- Gross household income cannot exceed 60% of San Mateo County’s area median income, adjusted for household size (see table below).
The property is currently being prepared to be brought on the market.
All interested BMR homebuyer applicants must:
- Be pre-approved by a 1st lender.
- Fill out and submit a South San Francisco BMR lottery application.
- Include the 1st lenders pre-approval letter with the BMR lottery application.
Get a PDF copy of South San Francisco’s BMR lottery application by clicking here . Application Period has ended.
APPLICATION DEADLINE WAS 5:00pm October 10, 2022. Incomplete applications, and applications without a 1st lender pre-approval letter will not be reviewed by the City. Applications will not be accepted after the deadline. PDF copies of completed applications with the 1st lender pre-approval letter must be submitted by email to info@myhomegateway.com. Make certain to reference SSF BMR in your email when submitting your application.
BMR LOTTERY APPLICATION
BMR PROGRAM PARTICIPATION REQUIREMENTS
- All adult members in the household must be a first time homebuyer – have not owned or been on title of a real property for three years prior to the application date.
- The selected buyer(s) must have the financial capacity to purchase the BMR unit, including and not limited to: a 3% down payment, at least a 640 FICO score for all adult household members that will be on the 1st loan, and be able to secure a first loan from a 1st lender that can finance a BMR property.
- All adult household members on title must provide a certificate of completion for a HUD approved homebuyer education course prior to the close of escrow. A HUD completion certificate is not required to submit an application.
OVERVIEW
1488 El Camino Real #214, South San Francisco
City of South San Francisco
Affordable Home Ownership Opportunity
Below Market Rate Condo
1488 El Camino Real #214
South San Francisco, CA 94080
1 Bedroom 1 Bathroom Condo
Approx. 660 Square Feet / Monthly HOA $527
Sales Price: $266,351
Application Period has passed
To get more information on South San Francisco BMR Program guidelines visit the following webpage: https://www.ssf.net/home/showpublisheddocument/21887/637400981221130000
Rare opportunity to purchase a low income BMR (below market rate) condo. The bright and spacious condo is located at the highly sought-after Park Station complex in South San Francisco. The nicely maintained unit is move-in ready. Walking distance to shopping and dining areas; and easy access to freeway making for a convenient commute to San Francisco or South Bay.
| Household size (persons) | 1 | 2 |
| Maximum income allowance | $78,300 | $89,520 |
BAAHA is providing a notice of this BMR opportunity as a courtesy to the communities BAAHA serves. BAAHA is not involved in the administration of South San Francisco BMR Program. All Administrative related questions should be directed towards the City of South San Francisco.