Welcome Lenders!

Oaktown Roots relies on a pool of “Preferred Lenders” who are able to provide a first mortgage for buyers. Each Preferred Loan Officer working with our applicants, is required to review the Affordability Agreement and confirm that your Lending Institution is able to underwrite to the City of Oakland’s Below Market Rate Program.

Additionally, buyers that decide to submit an offer for an Oaktown Roots home must be pre-approved for a first mortgage at the time of application.

Buyer Eligibility Requirements

  • Households must be able to qualify for a 30-year, fixed rate mortgage
  • All households must earn at or below 120% of the Area Median Income
  • Debt-to-Income ratio must be below 45%
  • The minimum household size is three for three-bedroom homes and four for four-bedroom homes

Key Documents for Lenders

We encourage you to review the following key documents:

City of Oakland Affordability Agreement
City of Oakland Verification of Eligibility
Application Instruction Package (for Lenders)
Lender Best Practices Handout
Closing Flowchart
Frequently Asked Questions



Program Income Limits

Household Size Income Limit at 120% AMI
1 person Not Eligible
2 people Not Eligible
3 people $133,800
4 people $148,700
5 people $160,500
6 people $172,450
7 people $184,350
8 people $196,250

Non-Discrimination Policy

Hello Housing, Presidio Realty Advisors, LLC, Silvermark Construction Services, Construction Resource Center and the City of Oakland do not discriminate against any persons on the grounds of race, color, religion, national origin, ancestry, sex, gender, gender identity, gender expression, sexual orientation, marital status, familial status, source of income, genetic information, medical condition, physical disability or mental disability, or any other category protected by law.


Matt Franklin, President of MidPen and Hello Housing board president, believes everyone deserves quality, affordable housing.

Michelle is a proud new homeowner who purchased a Hello Housing NSP home in San Lorenzo.

Board Member Rick Jacobus is a national expert using data, not anecdote, to design more impactful affordable homeownership programs.

Mardie Oakes, President, blends finance, design and development to make places people thrive.

Jennifer Duffy, Vice President, turns opportunity into action with theĀ Hello Housing team.

Apple lives in a new type of housing made possible by Senate Bill 962, sponsored by former Senate pro Tem Darrell Steinberg.

Larry shares a duplex with two housemates in an innovative residential program called the Family Teaching Model.

Tien is a proud new owner of an affordable home in Newark, as well a box full of tools to make home repairs easy.

Matt Warner, Program Director for Hello Stewardship, makes affordable homeownership happen.