NO FIRST TIME HOMEBUYER REQUIREMENTMORE ASSISTANCE & LOWER RATES
Our SETH GoldStar Program is now available with Gateway Mortgage Group. The GoldStar Program provides assistance in the form of a forgivable 2nd lien. The maximum amount of Assistance to be provided is 8% and is based on the final loan amount. The Assistance is forgiven equally each month and is considered completely forgiven after 7 years. Funds can be used toward your down payment and closing costs. The program also provides a 30 year fixed rate mortgage. Mortgage options are FHA, VA, USDA and Conventional. There is no pre-payment penalty or federal recapture tax for the mortgage loan.
This program is available in Texas but outside of Travis County and the city limits of El Paso and Grand Prairie. Buyers must be income limits (see below) and will be required to complete the SETH on-line Homebuyer Education Course.
The mortgage rate for this program is published daily for Loan Officers by Gateway Mortgage Group. Currently this program is available only to Gateway Mortgage Loan Officers and we expect to make this program available to other lenders in the future.
- No First Time Homebuyer Requirement
- Minimum FICO Score of 620
- DTI up to 55%
- Maximum Sales Price: $424,100
- Meet Program Income Limits
LENDER TOOL BOX
For more information, please contact:Rhonda Mitchell : 281.484.4663 ext. 110