Rosewood by Brookfield Residential
Four-Bedroom Moderate Homes
dRAWING RESULTS HAVE BEEN POSTED, PLEASE CHECK YOUR ACCOUNTS!
IF YOU MISSED THE DEADLINES, YOU MAY STILL ENTER AND SUBMIT YOUR DOCUMENTS IN CASE A BACKUP BUYER IS NEEDED.
UPDATE 8/6/2026: 908 More Lane - The City of Morgan Hill has approved waiving the minimum occupancy from 3 people to 1 for this unit.
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Rosewood is bringing charming two-story duet homes and attached three-story townhomes to a charismatic location that checks all your boxes. Take your pick of two neighborhood collections and relish four bedrooms and up to 2,340 square feet of living space. And a colorful, curated downtown is just around the corner, with unique boutiques, plenty of places to eat and a Caltrain Station for all your out-of-town adventures. Savor award-winning wines and panoramic views at vineyards surrounding the community or catch rushing waterfalls and majestic coastal redwoods at the many parks nearby. With the homes you want, the space you need and the connectivity you crave, Rosewood is your starting point for an exciting new chapter.
Property Amenities
Pickleball Court, Tot-lot park, Shared public park
Solar and Non-Mortgage Costs are best estimates based on information provided by the builder. These figures may change.
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Resale Restriction, Excess Sales Proceeds Note, and Deed of Trust
This program requires you to sign a Restriction Agreement with a 45-year term.
Understanding the intricacies of the program documents is crucial when considering participation in a housing program. Deed restrictions, agreements, promissory notes, and deeds of trust are all legal instruments that can significantly impact the rights and obligations of property owners. For instance, deed restrictions can limit how a property is used, who you can sell it to, refinancing, and upgrading the home, and it requires the owner to occupy the home. It also sets conditions for its future sale, which includes a cap on the resale value and/or an equity share, depending on the program. Similarly, a promissory note is a binding promise to repay a loan and/or excess sales proceeds (the difference between the home's fair market value and the maximum restricted resale price), and a deed of trust secures the promissory note by placing a lien on the property. Click below to access & review the documents to ensure this program is for you. You can hire an attorney to help you understand the Program Documents you’ll sign and promise to abide by.
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Applicants must select the City Preferences by the Drawing Entry deadline and submit proof they meet them by the File Submission Deadline. The Final Ranking number is subject to change after preferences are verified. Applicants cannot adjust their City Preference Tiers/Points after the Drawing Entry Deadline. Preference Tiers/Point adjustments or corrections by the applicant after the Drawing Entry Deadline will not be considered. The Preference will be invalidated if supporting documents are not submitted on time or if insufficient proof is submitted.
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Final Ranking Numbers will change as we move down the list when we audit and underwrite the claimed preferences/points until an eligible buyer has been identified. Please log in to your account at www.myhousekeys.com to find the updated Final Ranking numbers based on our findings during the application process. They will continue to be updated as we move down the list. Rest assured that the Initial Ranking Numbers, aka lottery numbers, will not change. Note: You will not have a ranking number if you entered the drawing after the drawing entry deadline
OPPORTUNITY DRAWING #816
4 Bedrooms / 3.5 Bathrooms
Approx. 1844 Sq Ft
Sales Price: $615,000
Monthly HOA: Estimated $424
H06 Insurance required
Solar Requirements:
Lease: $138-148; subject to change based on utility ranges at the time of Lease entry
Purchase: $14,450 Note: If buying solar, a Capital Improvement Credit will be added to the buyer’s purchase cost. Please work with your loan officer to ensure this cost is considered.
Special Taxes: Approx. $3,579.56/year
Property Designated Income Category: Up to Moderate
Occupancy: Min Household 1, Max 9 people (owners will be required to occupy the property)
UPDATE 8/6/2026: 908 More Lane - The City of Morgan Hill has approved waiving the minimum occupancy from 3 people to 1 for this unit.
Resale Restriction Terms: 45 Years (Review the documents)
First-Time Home Buyer Requirement: Yes (see guidelines for the definition)
Please refer to the ODN (Right) for additional information
IMPORTANT DEADLINES
Drawing release Date: 6/22/2026
All deadlines are Standard Pacific Time by 5:00:00pm
Deadline to Enter and Submit Files: 5 PM on 8/4/2026
Estimated minimum household income: $160,504.20
Estimated Cost Breakdown
Interest may change; speak to your Loan Officer. Also, check with the County Tax Assessor for additional taxes that may not be reflected here.
RESOURCES
How-to and Informational Videos
How to get started and prepare a file
Register for HUD Approved 1st Time Homebuyer course
Complete (Full) File Document Checklist
Lender List and Forms: Click Here