March 2009


The City of Fremont and President Obama want first-time home buyers to achieve their dreams.  Now is a fantastic time to purchase your first home.

As part of the economic stimulus package, President Obama signed into law a first-time home buyers tax credit of $8,000. First-time homebuyers who purchase a home this year between Jan. 1 and Dec. 1 may be eligible for the tax credit.

Additionally, The City of Fremont offers loans through its First Time Home Buyer Program of up to $40,000 to eligible homebuyers for down payment assistance

UPCOMING WORKSHOP – CITY OF FREMONT FIRST TIME HOME BUYER PROGRAM

Tuesday, April 21, 2009.  Registration is now open

Registration is mandatory.

Visit the City’s First Time Home Buyer webpage to register for the April workshop.

As I mentioned in my previous post, the City of Fremont First Time Homebuyer Program and CalHFA financing may be able to assist with down payment assistance for a Fremont home, provided that you meet certain qualification.  According to the City’s website, you are eligible for the program if you:

  • Attend one of the mandatory two-hour First Time Homebuyer Workshops.
  • Live or work in Fremont currently, or previously lived in Fremont.
  • Have not owned a home in the last three years.
  • Meet the income guidelines (see Income chart).
  • Are able to secure a mortgage and have good credit.

IMPORTANT UPDATE: In February 2009 the city published a list of lenders in Fremont (available here) which are approved for the Fremont First Time Home Buyer Program. The list includes select branches of: Bank of America, Wells Fargo Home Mortgage, Countrywide Home Loans, Diversified Capital Funding and Jacinto Mortgage Group.

To see if you are eligible, or for further information, please contact me.  As a Fremont realtor, I’d be glad to provide you with more information on making your home ownership dream a reality.

Veena Grover, RE/Max | http://www.FremontHomesTeam.com | 510.378.7546   

The San Francisco Chronicle recently listed Fremont’s own Lake Elizabeth (Central Park) as one of the best urban outings in the Bay Area (March 5, 2009).  The park is set on 450 acres with an 83 acre lake. It is noted for its relaxing, natural atmosphere, walk-ability, separate dog park, boating, and ample bird watching. The park grounds also contain a number of sporting fields, a golf course and a water park opening in May of 2009.

As a Fremont realtor, I understand how appealing and important access to an open park setting can be to those who are looking to buy a home here. The park is a short driving distance from most Fremont homes and many are within walking distance. The surrounding area has a good mixture of residential homes and shopping at Gateway Plaza and The Hub. 

Families who live near the park send their children to high ranking schools like: John Gomes Elementary School, William Hopkins Junior High School and top performing Mission San Jose High School. The homes are also conveniently located near important public services like the Fremont Main Library, Fremont Teen Center, Washington Hospital and the Kaiser Permanente campus, California School for the Deaf and the Fremont Police station.

Lake Elizabeth is a wonderful park and is one of the many things that make Fremont and great place to live. Its great to see it receiving the applause it deserves.

You can read the full SF Chronicle article here.

Veena Grover, RE/Max | http://www.FremontHomesTeam.com | 510.378.7546