SETH 5 Star Texas Advantage Program
No First Time Homebuyer Requirement
The 5 STAR TEXAS ADVANTAGE PROGRAMprovides eligible homebuyers several options for a loan program that meets their needs. Buyers get a 30 year fixed rate mortgage and a Grant to be used for the down payment and closing costs associated with their home purchase. The maximum Grant is 6%, and is based on your actual loan amount. Grants range from 3%- 6% and you will work with your loan officer to decide the financing options and Grant you would like to use. There is no repayment expected for this Grant and no 2nd lien on your home. This program can help reduce your out of pocket expenses and make home ownership easier to achieve.
The Program is available for the entire State of Texas with the exception of the following cities: El Paso, Grand Prairie, McKinney, and Travis County. Local Down Payment Programs and MCC Programs may be combined with this program.
Income Limits for Houston-Sugar Land-Baytown MSA:
FHA/VA Maximum Income Limits
Chambers, Fort Bend, Galveston, Harris, Liberty, Montgomery, Waller :$79,580
USDA/RHA Maximum Income Limits
Austin : up to $102,500
Chambers, Fort Bend, Galveston, Harris, Liberty, Montgomery, Waller :$105,200
Freddie Mac/Conventional Maximum Income Limits
Austin : up to $93,100
Chambers, Fort Bend, Galveston, Harris, Liberty, Montgomery, Waller :$96,880
For more information call, 713-443-3423