San Antonio HIP 120 (Homeownership Incentive Program)

What is San Antonio HIP 120 (Homeownership Incentive Program)?

San Antonio HIP 120 (Homeownership Incentive Program) is a grant for homebuyers in San Antonio, Texas.

• San Antonio HIP 120 offers 0% interest down payment and closing cost assistance of $1,000 to $15,000 for first-time homebuyers earning between 80% and 120% of AMI. The loan structure is 75% forgivable over a 10-year period; the remaining 25% is a perpetual second lien that must be repaid upon sale, refinance, or transfer. Buyers must purchase within San Antonio city limits.
• Up to $15,000 in 0% interest DPA.
• 75% forgiven over 10 years.
• 25% perpetual/repayable portion.
• HUD-approved homebuyer education required.
• Funding comes from Local.

How much assistance does it provide?

San Antonio HIP 120 (Homeownership Incentive Program) offers up to $15,000 in assistance.

• The program can be combined with other assistance, subject to the rules of each.
• Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

San Antonio HIP 120 (Homeownership Incentive Program) is structured as a grant, so it is not repaid.

• Repayment is triggered by Sale, Refinance, and No Longer Primary.
• 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?

San Antonio HIP 120 (Homeownership Incentive Program) is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

San Antonio HIP 120 (Homeownership Incentive Program) limits household income to 120% of the area median income, which varies by county and household size.

• Household income at or below 120% AMI (for households above 80% AMI).
• 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?

San Antonio HIP 120 (Homeownership Incentive Program) caps the purchase price at $325,800.

• Eligible property types include Single-family.
• New construction is eligible.

Where does it apply?

San Antonio HIP 120 (Homeownership Incentive Program) serves buyers purchasing in San Antonio, Texas.

How do you apply?

Applications for San Antonio HIP 120 (Homeownership Incentive 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 before funds are reserved.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved with the provider 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.