City of San Marcos First-Time Homebuyers Assistance Program

Administered by: City of San Marcos Community Development Division · City · Forgivable Loan

Funding status: Active

How much assistance

Up to $12,000 (Forgivable Loan)

Zero-interest forgivable loan forgiven at 20% per year over 5 years of owner-occupancy.

Eligibility

  • Income limits: At or below 80% of Area Median Income
  • First-time buyer required: Yes — Must not have owned a home in the past 3 years.
  • Geographic restrictions: Property must be within San Marcos city limits. Single-family homes, townhouses, and condominiums eligible.
  • Homebuyer education required: Yes

How to Apply for City of San Marcos First-Time Homebuyers Assistance Program

Step 1: Contact the City of San Marcos Community Development Division at (512) 393-8147 or jhendrix@sanmarcostx.gov to apply.

Visit program website

Notes

Can pay 50% of down payment required for primary mortgage and up to 100% of routine closing costs. Property must pass Housing Quality Standards inspection. Has assisted 21 families as of 2023.

Cities Where This Program Is Available