San Antonio Homeownership Incentive Program (HIP 120)

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

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

• The City of San Antonio Homeownership Incentive Program (HIP 120) provides down payment and closing cost assistance of up to $15,000 to moderate-income first-time homebuyers purchasing within San Antonio city limits. Assistance is structured as a 0% interest second lien: 75% is forgiven over a 10-year period, while the remaining 25% is a perpetual loan due upon sale, refinance, or transfer. Buyers must have household income between 81% and 120% of Area Median Income (AMI) and complete an 8-hour HUD-approved homebuyer education course. A minimum $500 borrower contribution is required.
• Up to $15,000 in down payment and closing cost assistance at 0% interest with no monthly payments.
• 75% of the loan is forgiven over 10 years while the home is used as the primary residence.
• remaining 25% is a perpetual loan due upon sale, refinance, or transfer of title.
• assists moderate-income households (81%-120% AMI) who do not qualify for lower-income programs.
• purchase price limits of $305,200 for existing homes and $325,800 for new construction.
• requires 8-hour HUD-approved homebuyer education and $500 minimum borrower contribution.
• Funding comes from Local Government.

How much assistance does it provide?

San Antonio Homeownership Incentive Program (HIP 120) offers between $1,000 and $15,000 in assistance, depending on the award tier a buyer qualifies under.

• Award tier “HIP 120 Standard” — up to $15,000. Who qualifies: Households with income between 81% and 120% AMI purchasing within San Antonio city limits; up to $15,000 based on individual need.
• The program asks buyers to contribute $500.
• 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 Homeownership Incentive Program (HIP 120) is forgiven after 10 years, so a buyer who stays that long does not repay it.

• Repayment is triggered by Sale, Refinance, No Longer Primary, and Transfer of Title.
• 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 Homeownership Incentive Program (HIP 120) 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 Homeownership Incentive Program (HIP 120) limits household income to 120% of the area median income, which varies by county and household size.

• 81%-120% AMI; 2025 limits: 1 person: $81,150; 2 persons: $92,700; 3 persons: $104,300; 4 persons: $115,800; 5 persons: $125,100; 6 persons: $134,300; 7 persons: $143,600; 8 persons: $152,850.
• 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 Homeownership Incentive Program (HIP 120) caps the purchase price at $305,200.

• Eligible property types include Single Family, Townhouse, and New Construction.
• New construction is eligible.

Where does it apply?

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

How do you apply?

Applications for San Antonio Homeownership Incentive Program (HIP 120) 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 Homebuyer education class required.

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.