City of San Antonio Homeownership Incentive Program (HIP 80)
City of San Antonio Homeownership Incentive Program (HIP 80)
Program Category
Down Payment Programs
Max Amount
Up to $30,000
Contact Info
Elizabeth Cabrera
(210) 207.5483
elizabeth.cabrera@sanantonio.gov
(210) 207.5483
elizabeth.cabrera@sanantonio.gov
Program Details
Buyer contribution type
$
Income calc method
First mortgage types
Freddie Mac,Freddie Mac Home Possible,Fannie Mae,Fannie Mae HomeReady,FHA 203(b),FHA 234(c),VA
First mortgage terms
Fully Amortizing,Fixed Rate,30-year
Property types
Single Family Detached, Condo, Townhome/PUD, Manufactured Home
Repayment triggers
Sale of the home
Transfer of title
Refinance
Change of occupancy
Loan Forgiveness
Fully
Program Guide
General Information:
https://www.sa.gov/files/assets/main/nhsd/documents/hip80-generaiinformation.pdfGuidelines:
https://www.sa.gov/files/assets/main/nhsd/documents/hip80-guidelines.pdfLender FAQs:
https://www.sa.gov/files/assets/main/nhsd/documents/hip80-lenderfaq.pdfLimitations
-Home must be within the City limits of San Antonio.
-In accordance with HUD, all units are required to pass Housing Quality Standards (HQS). The HIP program performs a property review to comply with this HUD requirement.
Owner financing not allowed.
Payment of mortgage insurance/guarantee fees/premiums is not allowed with the exception of the VA funding fee.
-In accordance with HUD, all units are required to pass Housing Quality Standards (HQS). The HIP program performs a property review to comply with this HUD requirement.
Owner financing not allowed.
Payment of mortgage insurance/guarantee fees/premiums is not allowed with the exception of the VA funding fee.
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