HouseKeys Gilroy

OPPORTUNITY DRAWING/LOTTERY INFORMATION

OPPORTUNITY DRAWING/LOTTERY INFORMATION

If you don't have a Application ID Number and wish to obtain one to participate in future Opportunities/Lotteries, please  fill out the Pre-Application form and attend a HouseKeys Home Buyer Orientation for more details. All applicants, co-applicants, married couples, partners, domestic partners and anyone that can or will be on title must attend the orientation before applying for an Opportunity/ Lottery.  It typically takes approximately 14 business days to obtain an Application ID Number.  Please continue to check your email and our website for information. If you have any questions, please feel free to contact us by email at programs@housekeys.org


IMPORTANT! - Please make sure to follow the instructions for each Drawing/Lottery Opportunity. The Buyer Selection Process and the instructions of when the BMR Application Package, Forms, Exhibits and Supporting documents need to be submitted may change from one release to another.  Please be alert.


Gilroy Home Buyer Lottery 1.0 was held on October 24, 2017
Update-  10-25-2017 - this Opportunity will be re-released at a later time.

Opportunity # 5-1-Own-Opp-2017-01

Development: Alexander Place

PROPERTY INFORMATION:    220 Fortunata Place, Gilroy CA 95020   Lot 31 – Plan n/a   2 Bedroom Size     2 ½ Bath 1397 Sq. Ft

BMR Price: $348,527.00

Property Type: SFD (Townhouse)

HOA (monthly): $200.00

Property Area Median Income: 80%

Homeowners Monthly insurance: $40

Deed Restriction Term: 30 Years

City of  Gilroy Down Payment Assistance: None

Good Faith Deposit due at contract: 1% of purchase price

Open House:  Thursday October 12, 5-6:30PM, Sunday October 15, 11-1PM, Tuesday October 17, 5-6:30PM

Contact Phone Number:  408-218-7733
Closing Cost:             $20,911.00 (This is an estimate)
Monthly Mortgage: $2,417.00 (This is an estimate)


Gilroy Home Buyer Opportunity Drawing/Lottery 2.0 was held March 13, 2018 

UPDATE: 3/21/2018 - Thank you for your interest an eligible household has been identified and the property is no longer available. Thank you to all those that participated.  

Opportunity #5-1-Own-Opp-2018-01 

Development: Alexander Place

Preference: None       Opportunity Drawing Type:   Lottery   

PROPERTY INFORMATION:  220 Fortunata Place, Gilroy, CA 95020

Lot N/A           -   2 Bedroom/2 Full and 1 Half Bath

Price per home: $ 417,343.00

Property Type: Townhome

HOA (monthly): $218.00

Property Area Median Income: Up to 120%

Homeowners HO6 insurance: $40.00

Deed Restriction Term: 30 Years

City of Gilroy Down Payment Assistance: Up to $80,000 (zero interest)

Good Faith Deposit due at contract: 1% of purchase price

Total Estimated Cash to Close (3%): ___$12,520.00 +_ Plus Closing Cost

Monthly Estimate Payment $2,865.91(this is an estimate)

Open House:  Sunday March 4 11-1PM, Tuesday 3/6-4-5:30PM, Thursday 3/8-4-5:30PM

Contact:  Marian Sacco 408-218-7733

Date Lottery Notification Email Blast:  March 02, 2018

Deadline to Enter Lottery:  March 11, 2018 11:00PM (anyone that submits after March 11, 2018 11:00pm will be added to the end of the list-based date and time stamp on the Drawing Opportunity 2.0 Submission Forms)

Lottery Date:  March 13, 2018 – The results will be posted on the HouseKeys Website by March 15, 2018

Lottery Submission Form- https://housekeys.formstack.com/forms/gilroy_lottery_submission_form_2_0_


Gilroy Home Buyer Opportunity Drawing 3.0 - NOW AVAILABLE!

Development: Alexander Place 

City Preferences: None

DEADLINE and Opportunity Drawing Method: First Come - First Serve - All Opportunity Drawing 3.0 Forms received by May 3, 2018 by 5pm will be organized using the date and time stamp on the Opportunity Drawing Submission Form. Any Opportunity Drawing 3.0 Forms received after May 3, 2018 by 5pm will be added to the end of the list and assigned a priority number.

Opportunity Drawing 3.0 Form - to apply: Click HERE

Property Address: 271 Lewis Street, Gilroy CA is Opportunity #5-1-Own-Opp-2018-02

Price: $417,343.00

Property Type: Townhome    

Size: 2 Bedroom, 2.5 Bath

HOA (monthly): $200.00

Homeowners HO6 insurance: $40.00

Property Area Median Income: up to 120%

Deed Restriction Term: 30 years

City of Gilroy Down Payment Assistance (DAP): Up to $30,000. Your monthly payment could vary depending on the amount of DAP assistance you qualify for and other factors*. HouseKeys will decide how much down payment an applicant qualifies for. There is a 1.5% Origination fee on the Down Payment assistance amount. The interest rate on the down payment assistance loan is 3% interest, deferred for 30 years. - Please request the note for additional information.

*Monthly Estimated Payment $2,744.52 with all the DAP and ($2,910.18 without DAP)

Good Faith Deposit due at contract: 1% of purchase price

Total Estimated Closing Costs (3%): $12,520 plus Closing Cost

Open House: Thursday May 3, 4-5:30pm - Sunday May 6, 11-1pm - Wednesday May 9 4-5:30pm

Contact:  Marian Sacco 408-218-7733 or marian@housekeys.org

Date Notification Email Blast:  4/25/18

Deadline to Enter Drawing:   May 3, 2018 by 5pm (submission after this date and time will be added to the end of the list)

Drawing Date:  N/A - First Come – First Serve – The results will be posted on the HouseKeys Website by 5/7/18

Property Deadline:  5/10/18