Neighborhood Stabilization Program
Home Buyers Assistance Program
(NSP HAP Program)
Assistance for this program will only be provided to eligible participants who are purchasing an NSP owned home as a resale. Available homes for resale are located throughout Bexar County and range in price from $60,000 - $160,000. The program will provide up to 5% of the sales price in down payment assistance as well as assistance to cover allowable closing costs and prepaid expenses. Buyer will be required to make a minimum $500 investment in the purchase of a selected property.
The household’s gross annual income cannot exceed 120% of the Area Median Family Income (AMFI). Income eligibility is based on 2010 Area Median Family Income for the San Antonio, Texas MSA. Income limits are updated annually by HUD.
Maximum Gross Annual Income
$ 62, 520
- Applicants must be a US citizen, permanent resident or temporary resident with permission to work in the U.S.
- Borrower must occupy home and declare it as their homestead for tax purposes.
- Participant must be able to qualify for an FHA 203B, VA, or Conventional loan from a legitimate institutional lender.
- Buyer must attend/complete COSA’s homebuyers’ training session prior to closing.
To View Available NSP Homes for Purchase
Denver Lambuth, Realtor