Homebuyer Assistance Program

The Homebuyer Assistance Program (HAP), funded through the HOME Investment Partnership Program, assists low to moderate-income families to become first-time homebuyers within the San Angelo City Limits. The program will provide closing cost and down payment assistance up to $15,000 (not to exceed 15% of the appraised value), and is based on demonstrated client need. New home construction is also eligible for assistance of which $750 may be available for the purchase of a city tax lot in a designated area. Homebuyers must maintain the home as their primary residence for at least 5 years to avoid repayment.

First-time homebuyer brochure

The Affordable Housing Assistance Program (AHAP), funded through the San Angelo Development Corporation and the HOME Investment Partnership Program, provides gap reduction/mortgage buy-down for a home mortgage at 40% of the sales price, not to exceed $50,000. This may include down payment and closing cost assistance. Homebuyers must qualify for a minimum $60,000 mortgage through a participating lending institution. New home construction must be located in a target neighborhood and meet minimum standards established by the San Angelo Development Corporation. Homebuyers must maintain the home as their primary residence for the length of the mortgage (30 years) to avoid repayment.

Affordable housing assistance program guidelines

Target Area Maps - ALL

All homebuyers must FIRST be approved for a mortgage through a local participating lending institution. The participating lender will forward the completed application to City staff. Homebuyers will be required to provide a  minimum of $500 in earnest money, complete a homebuyer’s education course and all must meet income eligibility requirements for the program.