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Old 03-23-2011, 05:10 PM
 
Location: San Antonio, TX, USA
5,142 posts, read 11,451,882 times
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The City of SA also has one: City of San Antonio | Official Web Site - Community Initiatives

I would definitely go with a program that offers workshops on financial literacy. Those are uber helpful! I'm a nerd on financial matters so if you feel like you want to learn more about financial topics, it's a good thing to do (the workshops).
We bought our home with FHA and the seller paid closing costs. Our home has decreased in value but we knew the risk and are staying here for quite a while. Know that can happen as well.
Also, buy under what you qualify for. Try to aim for a total mortgage payment total (payment, taxes, insurance, interest) that can be paid with one working income.
Also, stuff (repairs) always come up right after you close on a home. Never fails! Get prepared on having to go people for repairs and pick the repairs you can do on your own.
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Old 03-23-2011, 06:07 PM
 
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Staff :: Neighborhood Housing Services of San Antonio

This is a great service. I did not read all the posts here but give them a call.
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Old 09-28-2011, 09:36 AM
 
5 posts, read 14,404 times
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Not sure if this is still a "live" thread-
NACA is a program that is great for first time homebuyers-but don't count on it moving fast, they want to make sure you are financially able to get in a house with money left over each month for savings etc. There is no downpayment at all, but you can buy down your interest rate to 0 if you want. They also don't look at a credit "score" they look at your character. Everyone has a reason something did not get paid- or those like DH and I who don't have credit or loans don't have a score high enough to qualify for a house just because we save and pay cash for things we want.

Texas Homeownership Division

Here is a link for the state programs. You have to pay most of them back, but they may help We decided to go with NACA because we can get $15,000 more house because the interest rate starts off 1% lower than prime anyway.

(to the poster freaking out on a downpayment- LOL, 80 years ago you paid cash for a house you built yourself, so does that mean everyone who get a mortgage is in financial peril because we can't pay $150,000 cash for a house and build it with our bare hands?)
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