San Antonio HIP 80 (Homeownership Incentive Program)

What is San Antonio HIP 80 (Homeownership Incentive Program)?

San Antonio HIP 80 (Homeownership Incentive Program) is a grant for homebuyers in San Antonio, Texas.

• San Antonio HIP 80 provides 0% interest forgivable down payment and closing cost assistance of $1,000 to $30,000 to first-time homebuyers earning at or below 80% of AMI. Smaller loans ($1,000–$15,000) are fully forgiven over 5 years; larger loans ($15,001–$30,000) are forgiven over 10 years. Buyers must purchase within San Antonio city limits and complete a HUD-approved 8-hour homebuyer education class.
• Up to $30,000 in 0% interest forgivable second loan.
• 5-year forgiveness (≤$15K) or 10-year (>$15K).
• No monthly payments on DPA.
• HUD-approved homebuyer education required.
• Funding comes from Local.

How much assistance does it provide?

San Antonio HIP 80 (Homeownership Incentive Program) offers up to $30,000 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 80 (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 80 (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 80 (Homeownership Incentive Program) limits household income to 80% of the area median income, which varies by county and household size.

• Household income at or below 80% AMI. 2024 limits: 1-person $49,600; 4-person $70,800.
• 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 80 (Homeownership Incentive Program) caps the purchase price at $278,000.

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

Where does it apply?

San Antonio HIP 80 (Homeownership Incentive Program) serves buyers purchasing in San Antonio, Texas.

How do you apply?

Applications for San Antonio HIP 80 (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.