SERVICE
Buy a home at a below market rate price
First time homebuyers can buy a home in San Francisco at below market rate (BMR) prices.
What to know
Income
You need to make under a certain amount for your household size. The highest limit for a one-person household is $151,300 a year.
Restricted sales price
When you sell this home, we will set the sales price and assign a buyer through a lottery.
What to do
1. Decide if you want to apply
You will need some money saved up for downpayment and closing costs. Generally, downpayment is 3% of the sales price. Closing costs can be 2 to 3% of the sales price.
Before you can apply, you must do homebuyer education and get a mortgage loan preapproval letter from an approved lender.
3. See lottery results on your listing
Each listing contains a lottery date. We post results to the listing no later than 1 week after the lottery.
If your lottery number is in the top results, you will need to send in more paperwork.
Supporting information
Special cases
Downpayment loans
You can get downpayment help if you need it.
See progress of new affordable housing sales
See charts showing how many applications are in review, approval, and closing for all our new units.
Selling your below market rate home
When you sell this home, the City will set the sales price and assign a buyer through a lottery.
Get help
Get email alerts for new listings
Partner agencies
What to know
Income
You need to make under a certain amount for your household size. The highest limit for a one-person household is $151,300 a year.
Restricted sales price
When you sell this home, we will set the sales price and assign a buyer through a lottery.
What to do
1. Decide if you want to apply
You will need some money saved up for downpayment and closing costs. Generally, downpayment is 3% of the sales price. Closing costs can be 2 to 3% of the sales price.
Before you can apply, you must do homebuyer education and get a mortgage loan preapproval letter from an approved lender.
3. See lottery results on your listing
Each listing contains a lottery date. We post results to the listing no later than 1 week after the lottery.
If your lottery number is in the top results, you will need to send in more paperwork.
Supporting information
Special cases
Downpayment loans
You can get downpayment help if you need it.
See progress of new affordable housing sales
See charts showing how many applications are in review, approval, and closing for all our new units.
Selling your below market rate home
When you sell this home, the City will set the sales price and assign a buyer through a lottery.