As a first-time home buyer in San Antonio, Texas, you have access to a variety of programs and resources that can help make the process of buying a home easier and more affordable. The City of San Antonio, in partnership with local organizations and businesses, has created the San Antonio First Time Home Buyers Program to assist eligible applicants in purchasing a home within the city limits.
The program provides up to $7,500 in down payment and closing cost assistance to qualified first-time buyers. This assistance can be used towards a variety of expenses related to purchasing a home, such as closing costs, title fees, and appraisals. The assistance can also be used to help pay for a portion of the down payment on the home.
In order to be eligible for the program, applicants must meet certain criteria. These include being a first-time home buyer, having an income at or below 80 percent of the area median income, and being able to qualify for a mortgage loan. In addition, applicants must complete a homebuyer education course and receive a certificate of completion.
The San Antonio First Time Home Buyers Program also provides pre-purchase counseling, financial literacy classes, and other resources to help first-time buyers make informed decisions when purchasing a home. The program also works with local lenders to offer competitive loan rates and closing cost assistance.
The San Antonio First Time Home Buyers Program is a great resource for first-time home buyers in San Antonio. The program provides financial assistance, educational resources, and other support to help make the process of buying a home easier and more affordable. For more information about the program and its eligibility requirements, visit the City of San Antonio’s website.