In The News

San Antonio Board Of REALTORS® Implements Down Payment Resource

The San Antonio Board of REALTORS® (SABOR) has partnered with Down Payment Resource (DPR) to provide its approximately 16,000 multiple listing service (MLS) subscribers with access to DPR’s toolset that helps real estate agents connect clients with programs that can help save on down payments and closing costs.

SABOR is a primary resource homebuyers and sellers in the San Antonio area use to search and list local property listings and connect with a REALTOR®. SABOR’s partnership with DPR will enable its REALTOR® members and MLS subscribers to identify SABOR listings that are eligible for homebuyer and down payment assistance (DPA) programs funded at the state, local and national level.

DPR reports that almost 86% of SABOR’s property inventory is eligible for one or more of the 64 total homebuyer assistance programs in the Greater San Antonio area. Assistance amounts range from $5,000 to $30,000 and can be used by homebuyers that earn as much as $104,000 per year toward homes priced up to $647,000, though income and price limits are even higher in certain targeted areas. On average, homes in SABOR’s service region are eligible for roughly $16,000.

“SABOR members have long been champions of the San Antonio community, and we are dedicated to helping homebuyers access safe and sustainable homeownership,” said SABOR CEO Gilbert Gonzalez. “Our partnership with DPR will help our real estate members better serve their clients by shedding light on the ample homebuyer assistance programs available in our region. SABOR looks forward to further supporting homeownership in San Antonio with DPR’s support and user-friendly digital tools.”

“San Antonio is one of the least affordable U.S. cities for renters, which is why it is so important for residents to be connected with resources like down payment assistance to make the leap from renter to homeowner,” said Rob Chrane, CEO of DPR. “We are proud to share our comprehensive database of homebuyer assistance programs — including down payment assistance, grants, affordable first mortgages and more — to help SABOR members better serve their communities with the financial resources that help make homeownership achievable.”