San Antonio Home Buyer Programs


Here at Giacobbe Homes we specialize in helping first time home buyers realize the American Dream of owning their first home! There are a number of programs available to help families achieve their goal of owning a home.  We want to keep our clients informed of what all is out there!

Texas Down payment assistance bonds for First Time Home Buyers

If you want to purchase a home have good credit, stable work history, but don't have the 3.5% down payment saved. There are a couple options here to help you get qualified! Our preferred lender has access to all of the tools to make home ownership a reality.

TSHAC Bond- (Texas State Housing Affordability Corp) Has a program available to help first time home buyers- TSHAC provides fixed-rate mortgage financing, down payment assistance grants and mortgage credit certificates for teachers, police officers, corrections officers, fire fighters, EMS personnel, veterans and low and moderate-income households. Home buyer programs and existing homeowners.  See if you qualify!


SETH Program- 5 Star Texas Advantage Program- Seth has a mortgage loan program that provides assistance to home buyers in the form of a gift.  The assistance provided by the program can be used to cover the buyer's downpayment and closing costs.  There is no repayment or recapture period for the assistance provided.  And they offer several options depending on the amount of assistance that the borrower needs up to 6% of the purchase price of the home.  Buyers must be income eligible and purchasing a home in one of the designated area (San Antonio included!)  For more information and to see if you qualify visit their website! 


Local City of San Antonio Programs

Here in San Antonio there are three main programs that are available to help families get into a home.  The three main programs available are the HIP, HAP, and HOPE programs.  

San Antonio HIP (Housing Incentive Program)- This program assists eligible persons who are buying a new or existing home with up to $12,000 for down payment assistance and closing costs.  Buyers must have stable employment, good credit, and afford a mortgage payment.  This down payment assistance is in the form of a forgivable loan.  75% of the loan is forgivable over a 10 year period of ownership and 25% is due if the property is every sold. This program requires that you attend a mandatory home buyer class.  Check their website to see if you can qualify! 

San Antonio HAP (Homeowner Assistance Program)- HAP program is a local program that allows income limits slightly higher than the San Antonio HIP program.  These are for specific homes that are designated for HAP.  Homes are completely redone with new appliances and listed on the MLS.  Prices for homes are up to $120,000.  These homes are available with 0% interest and the borrower must have half of the required down payment plus any eligible closing costs.  For an inventory of homes contact John Giacobbe 210-857-6942

San Antonio HOPE Program- This is a program designated for city of San Antonio employees.  Must be a full-time city employee and there are no income limits or sales price limits with this one.  This provides $5k-$10k in assistance in the form of a forgivable loan over 5 years.  It is for eligible first time home buyers only! Contact John Giacobbe for more details! If you are a city employee than I recommend asking about this program when starting your home search.

At Giacobbe Homes- San Antonio we always make sure that our clients take advantage of any opportunities available when buying their first home.  We keep up with all of the latest programs available to first time home buyers! If you are thinking of buying your first home we can help you get more from your experience! Call us Today!!