SAN ANTONIO, August 14, 2025 — SWBC Mortgage Corporation is proud to announce the continued success of its Homeownership Expansion Loan Program (HELP™), which has already helped hundreds of families and individuals achieve the dream of homeownership. Since its launch, the program has provided more than $2.3 million in down payment assistance and supported the closing of 487 home loans across the country.
HELP is a grant program designed to reduce the upfront costs of purchasing a home. Available to both first-time and repeat homebuyers, the program offers a grant of up to 2% of the home’s purchase price (up to $5,000) when the buyer contributes at least 1% toward the down payment. First-time homebuyers meeting a 50% Area Median Income (AMI) may also qualify for an additional $2,500 in assistance.
Unlike a loan, the grant does not require repayment, making it a powerful tool for increasing access to homeownership. Eligibility is based on income, with assistance available to borrowers earning 80% or less of the area median income (AMI). Borrowers receive a Form 1099 for grant funds utilized. Applicants should consult a tax preparer to determine whether the funds may be taxable.
“This program is about making homeownership more accessible, whether it’s your first home or your next,” said Susan Stewart, CEO of SWBC Mortgage. “We’re giving buyers a head start without burdening them with extra debt.”
Program Benefits Include:
Up to $5,000 in down payment assistance
No repayment of assistance funds required (funds may be taxable)
Available to eligible first-time and repeat buyers
Backed by conventional loan financing
Lower mortgage insurance (MI) compared to many other loan options
Temporary buydown options available for reduced initial monthly payments
No interest rate difference if the buyer uses the grant
This innovative grant solution offers financial flexibility and support, helping to reduce some of the upfront challenges of home buying.