Guidelines for Homeownership
at Sequia Grove

Below is a snapshot of our eligibility requirements for applicants applying for a home in our Sequia Grove development in Hayward.

Income

  • Household income must be below 80% of area median
# Person Household 3- 4- 5- 6- 7- 8-
80% AMI $112,550 $125,050 $135,100 $145,100 $155,100 $165,100

  • Most households need ~$7,500/month income to afford payments

Household Requirements

  • Must meet household size / bedroom requirements. Because these are 3-4 bedroom townhomes, your household MUST be at least 3 people in most cases. For example, a single person, a couple, or a child and their parents wound not meet this requirement.

  • Everyone applying must:

    • Have lived together for at least 6 months. There are timeline exceptions on a case-by-case basis.

    • Live together most of the year (10–12 months) There are timeline exceptions on a case-by-case basis. 

    • All applicants must show legal U.S. residency. At least one applicant must be a permanent resident.

    • Must be first-time homebuyers

Credit & Financial History

  • Have 3 credit accounts open for at least 12 months. if you do have this, then you can provide alternative credit (rent, utilities, etc.).

  • No bankruptcies or foreclosures in the past 3 years

  • No unpaid debts - non-medical collections, profit and losses, past due, judgements, or liens. 

  • No more than 3 late payments in the past 12 months

  • Your total debt (including future mortgage) must be ≤ 43% of your income 

documents to submit

When applying, you must submit the following documents along with your completed application.

Identity & Residency

  • Photo ID (for all applicants)
  • Social Security cards
  • Proof of legal residency (passport, green card, etc.)

Housing Proof

  • Proof of current rent
  • Proof everyone lives together (utility bill, bank statement, etc.)

Income Proof (for all 18+)

  • Last 3 pay stubs (or SSI, disability, etc.)
  • Last 2 years of tax returns (all pages)
  • W-2s / 1099s (last 2 years)
  • Child support / alimony documentation (if applicable)
  • “No income letter” if someone has no income

Financial Accounts

  • Last 3 months of bank statements (ALL pages)
  • All assets (checking, savings, retirement, etc.)
  • “No asset letter” if none

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