Neighborhood Housing Services of San Antonio

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Our Mission To improve the quality of life in
neighborhoods we serve by promoting
revitalization and reinvestment through home
ownership and home rehabilitation.
Home Ownership Center 847 Steves Avenue Phone
[phone] Fax [phone] www.nhsofsa.org
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One-Stop Shop

• Lender
• Developer
• Budget and Credit Counselor
• Home Ownership Educator

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Our Services..Our Niche

• Low interest loans
• Forgivable loans
• Low down payment requirements (2 of the sales
  price or 1,000 whichever is greater)
• Individual Credit Counseling Services
• Homebuyer Education Seminar (pre-purchase in
  English and Spanish)
• Home Maintenance and Financial Management
  (post-purchase)

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First-Time Homebuyer

• Newly constructed home by an NHS- approved
  builder
• 15,000 forgivable over 10 years
• 20,000 at 4 interest
• Roll in closing costs
• Low down payment requirement
• Choose floor plan, interior/exterior color
  selections, plus other amenities
• 3 Commission for Buyers Agent

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Program Eligibility

• Applicant must be a first-time homebuyer
• Defined by HUD as someone who has not owned in a
  home in the last three years.
• Total household income must not exceed 80 of
  median income, adjusted by household size

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New Construction
3 bedroom/2 bath with garage 2, 3, and 4
bedroom floor plans available
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Second Mortgage

• New construction or existing home in the City of
  San Antonio/Bexar County
• Provide 25 of the sales price at 4 interest,
  with a minimum assistance of 12,000 and no more
  than 21,000.
• Roll in closing costs
• Low down payment requirement

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New Construction

• Palo Alto Village off of Hwy 16 and Kingsride
  Drive
• Gardens of Converse off of Toepperwein and 3rd
  4th Streets
• Mira Vista off of Callaghan Rd and Culebra Rd
• J.T. Brackenridge off of Vera Cruz Street and
  South Colorado Street
• Spear Street Development on 34th Street and Spear
  Street

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Counseling Education
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Program Eligibility

• Applicant must be a first-time homebuyer
• Defined by HUD as someone who has not owned in a
  home in the last three years.
• Total household income must not exceed 80 of
  median income, adjusted by household size

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Private Sector Program Eligibility

• Applicant must be a first-time homebuyer
• Defined by HUD as someone who has not owned in a
  home in the last three years.
• Total household income must not exceed 140 of
  median income, adjusted by household size.
• The property must be located in a target area of
  80 or below of median income. Log onto
  www.ffiec.gov

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Comparison of Products

• First-time Homebuyer
• Sales Price 95,000
• Down payment 1,900
• Estimated Monthly Payment 792
• Principal, interest, tax and insurance

• Second Mortgage
• Sales price 95,000
• Down Payment 1,900
• Estimated monthly payment 887
• Principal, interest, tax and insurance

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Lending Partners

• Broadway National Bank
• Security Services Federal Credit Union
• USAA Federal Savings Bank
• Wells Fargo Bank
• Frost Bank (Investor)

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Counseling Education
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Getting started

• Submit Intake Form with a 18 check or money
  order for a tri-merge credit report
• Options for submission
• Return in person to 847 Steves (between Roosevelt
  and Presa)
• Mail to P.O. Box 10339 (78210)

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Our Team
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Questions?

• Thank you for your time
• and attention!