5 STAR Texas Advantage Program
SETH 5 Star Texas Advantage Program provides eligible homebuyers Down Payment and Closing Cost Assistance in the form of a Grant. There are several options of assistance available. Borrowers will select the amount of assistance and loan option that best meets their needs. The maximum amount of assistance provided is our 6% Grant, which is 6% of the total loan amount. Borrowers using our Freddie Mac/Conventional Mortgage Option meeting our Affordable Income Subsidy Limits may be eligible for an additional Grant up to 2% of the 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.
This program is available for the entire State of Texas except the city limits of El Paso, Grand Prairie, and Travis County.
Ron Williams : 281.484.4663 ext. 108
Purchase Price Limits FHA Loans
Income Limits FHA/VA
USDA RDA Income Limits
Freddie Mac/Conventional Income Limits
Freddie Mac/ Conv. Income Limits with Affordable Income Subsidy Grant
Lender Application Packet Wire Transfer Form