Resources for Individuals Show
What you need to know about government funding for a new home:
Local Resources
Neighborhood & Housing Services Department Down Payment Assistance Programs ContactMailing / Physical Address Phone Staff
Homeownership Incentive Program (HIP 80)The Homeownership Incentive Program (HIP 80) provides assistance for homebuyers in the general public by lending between $1,000 and $30,000 as a 0% interest / no payments second loan which can be used for the down-payment required by your lender and some of the additional costs associated with purchasing a home. 100% of the loan between $1,000 - $15,000 forgiven over a 5-year period Only homes located within the city limits of San Antonio are eligible for this program. City Limits Map (Interactive) Information for Buyers
Information for Lenders
Information for Realtors
Want to learn more?Questions?
First Responders Homebuyer Assistance Program (FRHAP)The First Responders Homebuyer Assistance Program (FRHAP) provides assistance to City of San Antonio uniform police and fire employees by making a 0% interest or no payments second loan in an amount of $7,500 or $15,000. The second loan can be used for any combination of the down-payment required by your lender and some of the additional costs associated with purchasing a home. Homes located inside the San Antonio City limits are eligible for $7,500. Only homes located in the Community Revitalization Action Group (CRAG) area are eligible for $15,000. RELATED DOCUMENTS
Homeownership Program for Employees (HOPE)The Homeownership Program for Employees (HOPE) provides assistance to full-time civilian employee homebuyers by making a $5,000 or $10,000 0% interest or no payments second loan. This loan is forgiven over five years and can be used for any combination of the down-payment required by your lender and some of the additional costs associated with purchasing a home. Only homes located in the Community Revitalization Action Group (CRAG) area or the Inner City Reinvestment/Infill Policy (ICRIP) area are eligible for this program. RELATED Information
HOMEBUYER EDUCATION CLASSThe City of San Antonio’s, Neighborhood & Housing Services Department (NHSD) will begin to host our In-Person class, which will be held during the day from 9 am – 5 pm. Our Non-profit partner Neighborhood Housing of San Antonio (NHSSA) will continue to host their evening class from 5 pm – 9 pm (Split into two evenings). Please see the registration link below for both, HUD approved 8-hour Homebuyer Education class options. **Continue to monitor our webpage as we will update accordingly.
How do I qualify for firstTo qualify for assistance, you generally must meet the following criteria:. Be a first-time homebuyer.. Have a credit score of at least 640.. Take a homebuyer education course.. Qualify for a loan with a participating lender.. Fall below income limits in your area.. Does Florida have a down payment assistance program?Eligible borrowers may also participate in one of Florida Housing's second mortgage programs to assist borrowers with down payment assistance and closing costs. There are some requirements in order to qualify for our Homebuyer Loan Program: Minimum Credit Score of 640.
Which loan is best for firstAn FHA loan has lower down payment requirements and is easier to qualify for than a conventional loan. FHA loans are excellent for first-time homebuyers because, in addition to lower up-front loan costs and less stringent credit requirements, you can make a down payment as low as 3.5%.
Can I get a loan for a down payment?Typically, you can't get a loan for a down payment,” says Valdes. Most unsecured personal loan lenders forbid their loans from being used for real estate, and most secured loans — like home equity loans or HELOCs — require you to already have a house you can put up as collateral.
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Government down payment assistance for first time home buyers
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