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San Antonio Homeownership Incentive Program
City of San Antonio Neighborhood Action

Program Overview

San Antonio Homeownership Incentive Program is a program that provides assistance to cover the required down payment, closing costs and prepaid interest. Property must be located in the city of San Antonio.

Who is eligible for this program?

Borrower must have stable employment, good credit, and be able to afford a mortgage payment. Funds may be used to pay the down payment, closing costs and prepaid interest.

Household Income Limit: $ 0
Is this program for first-time buyers only? Yes

Property Eligibility Requirements

Homes located in municipalities such as Alamo Heights, Balcones Heights, Castle Hills, Converse, Elmendorf, Windcrest, etc. are not eligible.
The sales price cannot exceed $ 110000.

Benefit Details

Loans are amortized over 5 years at 3%. The combined monthly principal, interest, taxes and insurance cannot exceed 30% of gross monthly income (front ratio). Depending on front ratio, payback amount can be reduced to 50% or 25% of the HIP loan. The maximum loan is $12,000, and the minimum is $1,000.

Benefit: Low-interest loan for downpayment, closing costs, or prepaid interest.
Loan Term:5 years
Homebuyer Counseling /
Education Required:
Owner Occupancy Required:Yes
Other Program Comments:Borrower must be able to qualify for an FHA 203B, VA, or conventional loan from a legitimate institutional lender. All homes must have a Housing Quality Standards (HQS). Inspection conducted. Applicants must enter into an earnest money contract with the seller and deposit a minimum of $500 with the title company as evidence of intent to purchase the home.

Please note: Every attempt is made to reflect accurate and up to date information on housing programs displayed on row site. Some inaccuracies may exist. For verification contact a certified REALTOR member.

For more information about San Antonio Homeownership Incentive Program and other homebuyer programs please contact one of the following:

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