Homeownership Incentive Program (HIP 120)

City of San Antonio, Neighborhood & Housing Services Dept.

Available Home Repair

About This Program

Homeownership Incentive Program (HIP 120) is available in San Antonio, TX.

HIP 120 provides down payment and closing cost assistance of $1,000-$15,000 as a 0% interest forgivable second lien to income-qualified first-time homebuyers purchasing within San Antonio city limits. The loan is 75% forgivable over 10 years with the remaining 25% as a perpetual lien. Buyers must complete an 8-hour HUD-approved homebuyer education course.

Income must be ≤120% AMI; purchase price caps $305,200 (existing) / $325,800 (new)

Data last verified 2026-04-03. How we verify our data.

In San Antonio, TX, you can combine this program with other local help to cut your cost:

Key Details

  • First-time homebuyers only (no ownership in prior 3 years)
  • Income ≤ 120% AMI; limits range ~$81,150-$153,000 by household size
  • Minimum $500 earnest money deposit required
  • 8-hour HUD-approved homebuyer education course required
  • Must purchase within San Antonio city limits

How to Apply

Get free help applying Visit Official Program Page Track this program

210-207-6459

A grant-savvy contractor in San Antonio, TX can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

You will likely need a contractor to apply

Projects like this almost always need a licensed contractor, and many grants ask for a written estimate as part of your application. Lining up a contractor in San Antonio early keeps your application moving.

Get matched with a contractor

This program is usually a forgivable loan: you owe nothing if you stay in the home for the set period, but it may place a lien on the property until then.

Each program sets its own contractor rules. Check the official program page for exact requirements.

Your application paperwork

Documents you will likely need

  • Proof you own and live in the home (deed, recent mortgage statement, or property tax bill).
  • A government-issued photo ID for every owner on title.
  • Household income proof (recent pay stubs, last year's tax return, or benefit award letters for everyone in the home).
  • A written estimate from a licensed contractor for the work (many programs require this to apply).
  • Photos of the problem area or the work to be done.
  • The program's own application form, completed (use the official link or phone number on this page).
Download this checklist (PDF)

Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.

Deadline: Open, ongoing

Questions about this program?

Ask us. It is free, and a real person answers within a business day.

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Frequently asked questions

How much can Homeownership Incentive Program (HIP 120) provide in San Antonio, TX?

Up to $15,000 down payment / closing cost assistance.

How do I apply for Homeownership Incentive Program (HIP 120) in San Antonio, TX?

Apply directly with City of San Antonio, Neighborhood & Housing Services Dept. using the official program link on this page or call 210-207-6459. There is no middleman and no fee.

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Find More Programs in San Antonio, TX

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