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Are you tired of paying for rent and want to become a homeowner but need some help with down-payment for your home purchase? If you want to buy a home in the San Antonio area there are several down-payment assistance programs available to choose from, including the Homeownership Incentive Program (HIP) offered though the City of San Antonio.

The San Antonio Homeownership Incentive Program provides eligible first time home buyers with up to $12,000 that can be used towards down-payment and closing costs to help them achieve their goal of home ownership.  The assistance is made through a second loan which has no interest and no monthly payment requirement. Seventy five percent of the loan is forgivable over a 10 year period and the remaining twenty five percent of the loan only has to be paid back if there is a change in ownership. The funds can be used to help eligible home buyers to purchase a new or existing home within the City of San Antonio tax district. Home buyers must meet the program income limit and maximum home purchase price guidelines.

If you’re interested in taking advantage of this program the first step is to sign up for one of the monthly Homebuyer Education classes. This class teaches first time home buyers about understanding credit and home loans, provides information on the home buying process and details of the Homeownership Incentive Program.

Learn more about the City of San Antonio HIP program and sign up for an upcoming Homebuyer Education class at

After completing the Homebuyer’s Club classes your next step will be to shop for your loan and choose a mortgage company or bank to finance the purchase. It will be important for you to choose a lender that has familiarity with and experience of working with the SA HIP program.

While it is not required for you to use a REALTOR® for you to take advantage of the SA HIP program, a local REALTOR®, familiar with the market and the guidelines of the SA HIP program can be your best resource to help you find your new home and to guide through the process of making an offer, having the property inspected, negotiating repairs or contract changes, and keeping the sale on track through to closing. There is no cost to you to have a Buyer’s Agent represent you throughout the buying process.

To find out more about how you can buy a home using this or other down-payment assistance programs in the San Antonio area and to work with a knowledgeable, local REALTOR® contact Trudy Edwards of KELLER WILLIAMS Realty Heritage at (210) 595-9801 or