Pre-Lottery

Once you have obtained a Verification of Homebuyer Education and a mortgage pre-approval from a MOHCD approved lender, you will be able to apply for Below Market Rate (BMR) ownership lotteries

Post-Lottery & FCFS

A few weeks after the BMR lottery takes place, applicants will be contacted in order of lottery rank order until all units on the listing are filled. Applicants will be requested to submit a BMR Ownership Post Lottery/Supplemental Application

UNIT SELECTION & PARKING INFORMATION

Whether the listing you applied for had a lottery or was a First Come First Served opportunity: buyers will choose their unit based on availability and eligibility AFTER all required documentation is submitted and approved by MOHCD. Once a Conditional Approval to purchase is issued by MOHCD, buyers will be contacted by the sales agent to view available units in order to select one, as well as a parking spot, if available. A Purchase Contract is then completed by the sales agent or Realtor and signed by applicant/buyer and seller.

For information regarding the building, unit or amenities, please refer to the original listing or contact the listing agent.

ONCE YOU HAVE ENTERED A PURCHASE CONTRACT

 The purchase process will take additional 60 days, approximately.  Once in contract:

  • Your lender will begin to process your mortgage loan. Be sure to remain in close communication with the lender and provide any document requested in a timely manner.
  • Once a loan estimate is received from your lender, you will use the Request for Certificate of Homebuyer Education form to request the Certificate of Homebuyer Education from your housing counselor. The Certificate is REQUIRED to close and it will be issued at a Pre-Closing follow-up with your Housing Counselor.
  • You will also have a Pre-Closing check-in with MOHCD to review program requirements and obtain final approval.
  • Final Closing will be scheduled with the title company for final signatures. Plan to be physically present, Power of Attorney will be not allowed.
  • Congratulations! You are now a homeowner!
    • Stay in touch with your Housing Counselor and Homeownership SF for support regarding any homeownership related topics, including but not limited to: Savings & Budgeting, Home Maintenance, Estate Planning, Refinancing and Foreclosure Prevention. We invite you to attend any of the workshops for homeowners.
    • Anyone utilizing any of the San Francisco homebuyer assistance programs will be required to attend 6 hours of homeowner workshops after the purchase of their property in order to obtain the homeowner rebate. Learn more at our Homeowner page.