Homeownership Incentive Program 120 (HIP120)

Jefferson Bank is a participating lender in the City of San Antonio’s Homeownership Incentive Program (HIP). It offers eligible first-time homebuyers* a second loan, to be used in conjunction with Jefferson Bank’s purchase mortgage loan.

Features of the HIP 120 Loan Program:

  • Provides assistance to first-time homebuyers
  • Loan amounts between $1,000 and $15,000
  • A no interest/no payments second loan
  • Can be used for any combination of the down-payment and closing costs
  • 25% of the loan is a perpetual loan due at the sale of the home, change in ownership or refinancing
  • 75% of the prorated balance of the loan will be forgiven over 10 years while residing in the home**

*Borrowers must meet the following requirements to be eligible:

  • Be at or below 120% of the Area Median Income (AMI) (see chart below)
  • Complete the 8-hour Homebuyer Education Class
  • Make a minimum $500 earnest money deposit on the purchase contract
  • Be a U.S. citizen or legal resident
  • Qualify with a mortgage lender for primary home loan
  • Home must be located in the San Antonio city limits

2023-2024 Income Limits

(Updated by Department of Housing & Urban Development annually)

AMI 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person
120% Limit $73,750 $84,300 $94,800 $105,350 $113,800 $122,200 $130,650


Why choose Jefferson Bank for your mortgage needs?


The San Antonio area has been our home for more than 75 years. Our experienced team is familiar with the unique needs of the region. We’ve helped thousands of local residents realize their goal of home ownership.

Home Loans Made Easier
Home Loans Made Easier

Manage the entire home loan process with the Jefferson Bank Home Loan App. It’s quick, simple, and secure. You can get prequalified and apply for your home loan from the convenience of your smart device. Scan and securely upload documents and receive step-by-step notifications of your loan progress. It’s free and you can download it from the App Store or Google Play.

Personal Service
Personal Service

This is personal to us. Those aren’t just words, it’s the core business philosophy we live by everyday. Our team is dedicated to exceeding expectations with an unrivaled level of personalized service.

Ongoing Support
Ongoing Support

Our commitment to you doesn't end at closing. We’re always here with quick responses to your ongoing needs and questions. We’re your home base for home loans, now and in the future.

Competitive Rates
Competitive Rates

Best of all, you’ll have access to our experience and service while still enjoying competitive financing rates. 

Notices & Disclosures

*Homeownership Incentive Program Loans are subject to availability. Additional criteria may apply. Maximum sales price is $283,200 for existing homes and $301,200 for new construction. All loans subject to credit approval.

**Borrowers will be responsible for payment of the remaining balance of the forgivable loan if the property is sold, transferred or refinanced prior to the end of the 10 year period.

While Jefferson Bank does not charge fees for the use of mobile banking, standard internet service rates may apply. Check with your service provider for details.