Home Star Program
Home Star Program is available to Correspondent or Wholesale Lenders and Mortgage Brokers. The Master Servicer is 360 Mortgage Group, LLC.
This program offers borrowers up to a 4% down payment grant and a 30 year fixed rate FHA, VA, USDA, or conventional mortgage loan. The borrower is required to make an investment of 0.50% of their own funds. The home to be purchased must be owner occupied and located anywhere in the state of Texas, except the cities of El Paso, Grand Prairie, McKinney and Travis County.
- Max DTI 50% for credit scores 660 and above / 45% if below 660
- Home purchase price cannot exceed $250,200 on FHA, VA, or USDA
- Home purchase price cannot exceed $320,400 on conventional mortgage
- Rate/Term refinance permitted
- SETH on-line homebuyer education class is required
- Income limits restricted by county regardless of family size
Home Star Income limits
To become a participating lender for this program contact:
Andy Gottman : 512.418.6030
Wholesale LendingMel King : 512.418.6065