5 STAR Texas Advantage Program

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SETH has a mortgage loan program that provides assistance for homebuyers in the form of a gift. The assistance provided by the program can be used for the borrower’s down payment and closing costs. There are several options of assistance available. Borrowers will select the amount of assistance that best meets their needs and loan product. Actual amount of assistance is based on the final loan amount. The maximum amount of assistance provided is the 6% Grant, which is 6% of the total loan amount.

There is no repayment or recapture period for the assistance provided. There is no second lien on the property. This program DOES NOT have a First Time Homebuyer requirement. Buyers must be income eligible and purchasing a home in one of the program areas. All buyers on the mortgage loan will need to complete the on-line SETH Homebuyer Education Class.

The mortgage rate for this program is published daily for Lenders on the eHousingplus.com website- visit the SETH Program Page. You must be an approved Lender to provide this program to your clients.

For more information, please contact:

Rhonda Mitchell : 281.484.4663 ext. 110
Ron Williams : 281.484.4663 ext. 108



This program is available for the entire State of Texas except the city limits of El Paso, Grand Prairie, McKinney, and Travis County.

Income Limits FHA/VA
USDA RDA Income Limits
Freddie Mac/Conventional Income Limits
Lender Application Packet
Wire Transfer Form



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