Homeownership Incentive Program

Through the City of San Antonio, first-time homebuyers can receive up to $15,000 to use for a down payment or any cost associated with purchasing a home!

HIP120 can provide assistance to first-time homebuyers by lending between $1,000 and $15,000 as a 0% interest/ No Payments second loan which can be used for any combination of the down-payment required by your lender and some of the additional costs associated with purchasing a homes. 75% will be forgiven over a 10 year period and 25% will be paid back if there is a change in ownership. Only homes located within the city limits of San Antonio are eligible.



Basic Qualification Criteria

  • First-time homebuyer who will purchase their primary residence
  • Complete a HUB Approved Homebuyer Education Class
  • Total Household income must be below published limits
  • Homebuyers must make a minimum $500 earnest money deposit on the purchase contract
  • Home purchased must be located within the City limits of San Antonio
  • Home purchase price maximum is set annually
  • Other qualification details will be reviews, but these are the BASIC criteria

HIP120 Facts

  • HIP120 Loan depends on individual need but ranges between $1,000 and $15,000
  • HIP is a 0% interest, forgivable loan and requires no payments by the homeowner
  • HIP120 is a second loan; homebuyers must qualify with a private lender for a first loan
  • HIP120 will work with the home buyer's mortgage lender to request and complete a HIP120 loan
  • HIP120 Loan must be used together with an FHA, VA or Conventional Loan
  • HIP120 can be combines with Homeownership Program for Employees (HOPE-City Employees)
  • HIP120 can't be combined with First Responders Homebuyer Assistance Program (FR HAP-City Employees)


Income Limits

Visit https://www.sanantonio.gov/NHSD/Programs/DownPayment, complete the form or call 210-405-1276 for more information.

Request more information

FB Twitter Instagram