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Marin Housing Authority Below Market Rate (BMR) Ownership Program

Marin Housing Authority Below Market Rate (BMR) Ownership Program is a shared-appreciation loan for homebuyers in San Rafael, California.

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The program asks for

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • On credit: Not Specified
  • A completed homebuyer education course, through HUD-approved First Time Homebuyer workshop completion certificate required
  • Citizenship or immigration status: US citizen or permanent resident
  • Sourced from Homebuyer Wallet (CA260101). $5,000 borrower contribution required (personal or gift funds). Eligibility restricted to US citizens and legal permanent residents. Asset limitations apply. Verify with provider before lender use.
  • A home inside San Rafael city limits

It doesn’t cover

  • Households above $222,850
  • Homes outside San Rafael

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

Income limit

$222,850 household income limit, as the program publishes it

The program states this limit itself. Its official site says how household size changes it.

Income limits in California

Where it applies

San Rafael’s homes

  • 47.6% single-family
  • 8.1% townhouse
  • 11.2% 2–4 units
  • 31.6% 5+ units
  • 1.5% mobile & other

A tick marks a kind of home the program’s record lists. The agency confirms it for the home you choose.

$1.4M

San Rafael median home value

71.2%

built before 1980

U.S. Census Bureau, ACS 2024 5-year. More about buying in San Rafael

How to apply

  1. Take a homebuyer education course

    Required by the program, through HUD-approved First Time Homebuyer workshop completion certificate required.

  2. Contact the administering agency to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.

Questions about this program

What is Marin Housing Authority Below Market Rate (BMR) Ownership Program?

Marin Housing Authority Below Market Rate (BMR) Ownership Program is a shared-appreciation loan for homebuyers in San Rafael, California. $5,000 borrower contribution required. First-Time Homebuyer status required (3-year primary residence ownership lookback). HUD-approved homebuyer workshop required. Eligibility restricted to US citizens and legal permanent residents. Below-Market Rate Home program. benefit calculated based on local Housing Authority discretionary limits. Repayment per Housing Authority terms at 0% interest. $5,000 minimum borrower contribution (gift funds permitted).

Do you have to pay it back?

Marin Housing Authority Below Market Rate (BMR) Ownership Program is a shared-appreciation loan and is repaid under the terms set by the administering agency. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Marin Housing Authority Below Market Rate (BMR) Ownership Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. On credit, the program states: Not Specified. A homebuyer education course is required, through HUD-approved First Time Homebuyer workshop completion certificate required. Citizenship or immigration status: US citizen or permanent resident. Sourced from Homebuyer Wallet (CA260101). $5,000 borrower contribution required (personal or gift funds). Eligibility restricted to US citizens and legal permanent residents. Asset limitations apply. Verify with provider before lender use.

What are the income limits?

Marin Housing Authority Below Market Rate (BMR) Ownership Program limits household income to $222,850. The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Marin Housing Authority Below Market Rate (BMR) Ownership Program can be used for Single-family, Condo, Townhouse.

Where does it apply?

Marin Housing Authority Below Market Rate (BMR) Ownership Program serves homebuyers purchasing in San Rafael, California.

How do you apply?

Applications for Marin Housing Authority Below Market Rate (BMR) Ownership Program go through the administering agency, which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.

Also for San Rafael homebuyers

Whether two programs can be combined is up to each agency. Ask before you apply.

All 118 programs for San Rafael

Program terms are set by the administering agency and can change; confirm on the official site before you apply.