Buyer must be a U.S. Citizen or Permanent Resident Alien or Temporary Resident Alien with permission to work in the United States. Documentation of status will be required.
Buyer must be a first-time home buyer.
Home must be located within the City limits of San Antonio.
HIP 120 can’t be combined with First Responders Homebuyer Assistance Program (FR HAP-City Employees).
Must qualify for an FHA, VA or a Conventional mortgage loan from a legitimate mortgage lender.
First lien interest rate may not exceed 2% of current market rate.
MIP/PMI fees/premiums may not be paid with assistance with the the exception of VA funding fees.