HIP 120 lends between $1,000 and $15,000 as a 0% interest / no payments second loan. It can be used for the down-payment required by your lender and some of the additional costs associated with purchasing a home.

• 25% of the loan will be perpetual.
• 75% of the loan will be forgiven over a 10-year period.

Home Purchase Price Limits: 

• Existing Home: $283,200
• New Construction: $301,200

Household Income Limits:

Updated by the Department of Housing & Urban Development. Combined household income needs to be below income limits.

Only homes located within the city limits of San Antonio are eligible for this program. Click here and enter an address to see if it is within San Antonio city limits.

• For Homeowners