Texas 5 Star Advantage Program



SETH has a mortgage loan program that provides assistance for homebuyers in the form of a gift. The assistance provided by Option 1 is a 5% Grant (based on the loan amount.) Option 2A offers a 4% Grant and with Option 2B the assistance will be a 3% Grant. There is no repayment or recapture period for the assistance received. 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 our program areas. All buyers will need to complete the on-line SETH Homebuyer Education Class.

The mortgage rate for this program is published daily for Lenders. Our program does not allow discount fees and the origination fee with this program is optional for the Lender to charge. You must be an approved Lender to access this program.
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 and McKinney.
If you are lending in the counties of: Bailey, Cochran, Crosby, Dickens, Floyd, Garza, Hale, Hockley, Lamb, Lubbock, Lynn, Motley, Terry or Yoakum – We request that you use the Lubbock Housing Finance Corporation’s Home Loan Program.

Contact Lubbock HFC :
806.745.9559 or www.lubbockhousing.com

Link For Program Areas
Approved Lender List
Program Income Limits By County
Lender Application Form