Middle Income Homeownership Program

What is Middle Income Homeownership Program?

Middle Income Homeownership Program is a forgivable loan for homebuyers in San Antonio, Texas.

• Opportunity Home San Antonio's middle-income DPA program providing up to $30,000 forgivable second mortgage for FTHBs at or below 80% AMI in Bexar County. 0% interest, 10-year forgiveness, $500 minimum borrower contribution.
• Opportunity Home San Antonio's Middle Income Homeownership Program provides up to $30,000 in down payment and closing cost assistance as a deferred forgivable second mortgage. The loan carries 0% interest with no monthly payments and is forgiven over a 10-year period of continued owner-occupancy. Funds may be used for down payment, closing costs, prepaid items, and minor home repairs/improvements at closing. The program is targeted at moderate to middle-income households earning up to 80% of San Antonio MSA AMI ($49,150-$92,700 by household size).
• Funding comes from Local, HOME, and Public Housing Authority.

Do you have to pay it back?

Middle Income Homeownership Program is forgiven after 10 years, so a buyer who stays that long does not repay it.

• Repayment is triggered by Forgiven 10% per year over 10 years of continued owner-occupancy. Pro-rata recapture if sold, refinanced, or no longer owner-occupied during forgiveness period.
• The assistance is recorded in 2nd Lien position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Middle Income Homeownership Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Middle Income Homeownership Program limits household income to 80% of the area median income, which varies by county and household size.

• Income limits scale by household size at 80% AMI San Antonio-New Braunfels MSA: ranging from approximately $49,150 (1 person) to $92,700 (8 person). Updated annually by HUD.
• The limit applies to total household income, not only the borrower’s.
• The program lists a maximum household size of 8.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Middle Income Homeownership Program caps the purchase price as follows: No published hard maximum; appraisal/affordability per program guidelines.

• Eligible property types include Single-family detached, townhouse, condominium, PUD and 1-unit only.
• New construction is eligible.
• Manufactured homes are not eligible.

Is there eligibility for specific groups?

Middle Income Homeownership Program names veterans, active-duty service members, reservists and National Guard members, and surviving spouses among the groups it serves.

• Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

Middle Income Homeownership Program serves buyers purchasing in San Antonio, Texas.

How do you apply?

Applications for Middle Income Homeownership Program go through the administering agency, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through HUD-approved housing counseling agency homebuyer education required (8-hour course); SA-area providers include Alamo Community Group, Family Service Association, NHS San Antonio, and online via eHome America..

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through Apply directly to Opportunity Home San Antonio; awards subject to annual funding availability., and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.