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San Antonio Homeownership Incentive Program
City of San Antonio Neighborhood Action
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?
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 $
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.
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 row and other homebuyer programs please
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