San Antonio, Texas is a vibrant and growing city with a booming housing market. For those looking to purchase their first home, the city has something to offer: the San Antonio First Time Home Buyers Program. This program was designed to help first-time homebuyers in San Antonio access the home buying process with ease and confidence.
The San Antonio First Time Home Buyers Program is designed to assist first-time homebuyers in San Antonio with down payment assistance, closing costs, and more. It is funded by the U.S. Department of Housing and Urban Development (HUD) and administered through the City of San Antonio. The program is available to eligible homebuyers who meet certain requirements.
To be eligible for the San Antonio First Time Home Buyers Program, applicants must meet certain income requirements, be a first-time homebuyer, and the home must be located within the city of San Antonio. The program also requires homebuyers to complete a homebuyer education course and obtain a certificate of completion. This certificate is required for all homebuyers who receive assistance through this program.
The San Antonio First Time Home Buyers Program offers down payment assistance of up to 5% of the purchase price of the home, closing cost assistance of up to 4% of the purchase price of the home, and a deferred loan of up to $7,500, depending on the homebuyer’s eligibility. This loan is due when the home is sold, refinanced, or transferred.
The San Antonio First Time Home Buyers Program is an excellent opportunity for first-time homebuyers in San Antonio to access the home buying process with ease and confidence. The program provides access to quality housing and helps homebuyers make the transition from potential homebuyer to proud homeowner.