SETH 5 Star Texas Advantage Program

SETH – 5 Star Texas Advantage Program

Note – for details, see the Administrator’s Guidelines under GUIDE & FORMS
  • Program funds are available first-come, first-served from a continuously funded revolving pool
  • Reservations are OPEN weekdays, between 9am – 4pm Central (10-5 EST) excluding Holidays; All other system functions are available 24/7

  • Reservation (Lock) to UW Cert:  25  days (loans cancel if not certified)
  • Reservation to Loan Purchase:  70  days
  • A 30 day extensions is available, for a fee ($375) and must be requested prior to the 70th day.  To request an extension, click here
  • This Extension does not extend the 25 days required to complete the Underwriter’s Certification.
  • State  – Excluding specific areas – (City Limits of: Grand Prairie, El Paso.  Travis County)
  • There is no first-time homebuyer requirement in this program.
  • Follow Agency (FHA, etc) guidelines for non-citizens.
  • Those with permanent asylum do qualify & should provide an I-9.
  • Buyers must occupy the property within 60 days of closing.
  • Government – FHA, VA, USDA-RD [RHS]
  • Conventional – Freddie Mac HFA  Advantage
  • No refinance transactions permitted
  • Assistance is based on the final loan amount (see rates)
  • Paid by SETH at closing
  • Household income = 1003 Credit Qualifying Income (not co-signor’s)
  • See Administrator Guidelines for limits  
  • See Administrator Guidelines for limits  
  • HBE is required & only the SETH online course is approved.  Click here
  • FICO score depends on Loan Type & DTI.  See guidelines for details
  • Cosigners are NOT permitted.
  • Issues the First Mortgage Program and Down Payment Assistance Program, Sets the rate, term, points and DPA options
  • Lender relationships, Markets the Program
  • SETH
  • SETH Wire Transfer Request – must be submitted 2 buisness days before loan closing/funding.
  • The actual Request Form is in the system with all the other forms.
  • Provides information and training concerning the mortgage loan file, acceptable loan products, delivery and funding, reviews/purchases the mortgage file
  • Servicer Lender Guides, Click here
  • If you need assistance with the Servicer Lender Guides or  to contact the US Bank, Click here.
Reservation/locks – AVAILABLE weekdays from 9 am-4 pm Central (excluding holidays – 10-5 EDT )
Current Rate / Offerings Loan Type Lock Rate (25/70 days*)  Mid FICO     DPA     Effective Date 
Option 1 FHA not available* 660 6% 1/18
Option 2a FHA not available* 660 5% 3/9
Option 2b FHA 640 or 660 w/Manual UW 640 or 660 4%
Option 2c FHA w/Manual UW 640-659 3%
Option 3 FHA 5.625% 660 4% 5/30
Option 4a FHA 5.375% 660 3% 5/29
Option 4b USDA-RD, VA  640
Option 5 HFA Advantage 5.125% 640 1% 6/11
Option 6 5.875% 4% 6/7
Option 7 6.250% 5% 5/17



  • * due to Market conditions, some assistance options are currently not available.   For assistance with an option not available,  click here 
  • click here for terms
  • Reservation (Lock) to UW Certification:  25  days (loans cancel if not certified) / Reservation to Loan Purchase:  70  days
  • All Loans are Assisted Rate Loans
  • 30 Year, Fixed Rate, Amortized


eHousingPlus Is the Program Administrator, and Provides Some of the Following Services:

Administrator Guidelines    GOVERNMENT      posted 4/16 6/30 7/8 7/23 8/8         HFA Advantage     posted 4/16 6/30 7/8 7/23 8/8

At A Glance / Highlights   posted 4/16 6/30 7/8 7/23 8/8

  • Provides the web-based program loan reservation and management system, Administrator’s Guidelines, Program forms, Lender Program and System Training, Notices and updates to Lenders, Compliance Support to Lenders, Reviews Compliance Files, Timelines, Works with the Agency and Master Servicer on Program Goals.
  • Need help, Click here

The Following Lenders Have Been Approved to Originate Loans in This Program:

Approved Lenders by SETH and US Bank:

 1st Preference Mortgage.
 Academy Mortgage Corporation
 Affiliated Bank
 All Western Mortgage
 Alterra Group, LLC (FKA Venta)
 Amarillo National Bank
 AmCap Mortgage, Ltd.
 American Bank NA
 American Financing Corporation
 American Momentum Bank
 American Mortgage and Equity Consultants, Inc. ( Amecinc)
 American National Bank &  Trust
 American Neighborhood Mortgage Acceptance Company
 American Southwest Mortgage Funding Corp.
 America’s Choice Home Loans
 Amerifirst Financial Inc.
 AmeriPro Funding Inc.
 AmRes Corporation dba American Residential Lending
 ARK-LA-TEX Financial Services LLC – Benchmark Mortgage
 Aspire Financial, Inc.
 Atlantic Bay Mortgage Group
 Bancorp South Bank
 Bank Of Texas (BOK Financial NA)
 BBMC Mortgage, a Division of Bridgeview Bank Group
 Brazos National Bank
 Broker Solutions Inc, DBA New American Funding
 CalAtlantic Mortgage, Inc. fka RMC Mortgage Corporation
 Caliber Home Loans
 Capstar Lending, LLC
 Cardinal Financial Company, Limited Partnership
 Castle & Cook Mortgage, LLC
 Cendera Funding, Inc
 Certainty Home Loans (WR Starkey Mortgage)
 Cherry Creek Mortgage
 City Bank Mortgage
 City First Mortgage Services, LLC
 Citywide Home Loans
 CLM Mortgage
 CMG Mortgage, Inc. dba CMG Financial
 Colonial National Mortgage
 Columbus Capital Lending
 Cornerstone Home Lending, Inc.
 Corridor Mortgage Group, Inc.
 Crestmark Mortgage Company, LTD
 Cross Country Mortgage
 CStone Mortgage, Inc.
 CU Members Mortgage, a Division of Colonial Savings, F.A.
 DAS Acquisition Co., LLC
 DHI Mortgage Company, Ltd
 Diamond Residential Mortgage
 Directors Financial Group
 Doorway Home Loans
 Draper & Kramer Mortgage
 Eagle Home Mortgage, LLC.
 Embrace Home Loans, Inc.
 Envoy Mortgage
 Eustis Mortgage
 Everett Financial, Inc., dba Supreme Lending
 Evolve Bank & Trust
 Fairway Independent Mortgage
 Family First Funding LLC
 FBC Mortgage
 Fidelity Bank
 Finance of America Mortgage, LLC.
 First Bank
 First Bank Southwest
 First Centennial Mortgage Corporation
 First Choice Loan Services
 First Community Bank
 First Continental Mortgage, LTD
 First Financial Bank N.A.
 First Mortgage Company
 First National Bank
 First National Bank of Omaha
 First State Bank
 First United Bank
 First United Bank & Trust
 FirstBank Southwest
 Gardner Financial Services, LTD dba Legacy Mutual Mortgage
 Gateway Mortgage Group LLC
 Geneva Financial LLC
 Georgetown Mortgage, LLC
 Gibraltar Mortgage Services LLC
 Gold Star Mortgage Financial Group Corp.
 Goldwater Bank, N.A.
 GoPrime Mortgage
 Graystone Funding Company, LLC dba Graystone Mortgage LLC
 Great Plains National Bank
 Guaranteed Rate Affinity
 Guaranteed Rate Inc
 Guild Mortgage
 Hamilton Group Funding, Inc
 Hancock Mortgage Partners, LLC
 Hancock Whitney Bank
 Happy State Bank
 Herring Bank
 Highlands Residential Mortgage
 Home Community Mortgage
 Home Funding Corporation
 HomeBridge Financial Services
 Homeowners Financial Group USA, LLC
 Hometown Lenders Inc
 Hometrust Mortgage Co.
 Homeway Mortgage
 Houston Capital Mortgage
 IberiaBank Mortgage Co.
 Independent Bank
 Inlanta Mortgage, Inc.
 Integrity First Financial Group
 Intercontinental Capital Group, Inc.
 InterLinc Mortgage Services, LLC
 International Bank of Commerce (IBC)
 International City Mortgage
 Jefferson Bank
 K. Hovnanian American Mortgage LLC
 KBHS Home Loans, LLC
 Kleberg Bank, N.A.
 LeaderOne Financial Corporation
 Legacy Mortgage LLC
 Legacy Texas Bank
 LHM Financial Corporation
 Liberty Mortgage Company, Inc.
 Loan Simple, LLC
 LoanStar Home Loans, LLC.
 Lone Star National Bank
 MI Financial Corporation
 Michigan Mutual
 Mid America Mortgage
 Mission Mortgage of Texas, Inc.
 Mortgage 1, Inc.
 Mortgage Financial Services, LLC.
 Mortgage Solutions of Colorado
 Mountain West Financial
 Movement Mortgage
 Nations Lending Corporation
 Nation’s Reliable Lending
 Nationstar Mortgage, LLC
 Network Funding, L.P.
 New Penn Financial
 NFM, Inc.
 Northpointe Bank
 Nova Financial & Investments
 Oak Mortgage Group
 OCMBC Mortgage Lender
 On Q Financial, Inc
 Open Mortgage
 Origin Bank
 OVM Financial Inc
 Pacific Union Financial
 Paramount Residential Mortgage Group
 Patriot Bank Mortgage, Inc.
 Peoples Home Equity, Inc.
 Peoples Mortgage Company
 Pilgrim Mortgage, LLC
 Premier Nationwide Lending (NTFN)
 Primary Residential Mortgage
 PrimeLending, a Plains Capital Company
 PrimeSource Mortgage, Inc.
 PrimeWest Mortgage
 Prospect Mortgage
 Pulte Mortgage LLC
 Republic State Mortgage
 Residential Bancorp
 Right Start Mortgage, Inc.
 Security National Mortgage Company
 Sente Mortgage
 SFMC, LP dba Service First Mortgage Company
 SharePlus Federal Bank
 Sierra Pacific Mortgage Company, Inc.
 Southwest Bank
 SSBT Mortgage Group
 Stearns Lending, LLC
 Stonegate Mortgage Corporation  Crossline Capital, Inc 
 Success Mortgage Partners
 Summit Funding Inc.
 Sun West Mortgage Company, Inc.
 SWBC Mortgage Corporation
 Synergy One Lending Inc
 Texas Bank Financial dba Texas Bank Mortgage
 The Federal Savings Bank
 The Home Lending Group, LLC
 The Money Source
 TXL Mortgage Corp
 Union Home Mortgage Corp
 Universal Lending Corporation
 University Lending Group, LLC
 US Mortgage Corporation
 Victorian Finance LLC
 Vision One Mortgage Inc.
 Wallick and Volk, Inc.
 Waterstone Mortgage Corporation
 Wells Fargo Bank, N.A.
 Weststar Mortgage Corp
 Whitney Bank
 Willow Bend Mortgage Company, LLC.
 Wolfe Financial, Inc.
Interested in becoming a participating lender? email us!
Program Updates
  • 4/7 – Updated FHA purchase price limits
  • 12/20 – Update Purchase Price limits; new Freddie Mac 1% option
  • 10/2 – revised Income Limits
  • 9/11- Defined disaster areas. Revised income & purchase price limits.
  • 7-24-Updated Freddie Mac Limits
  • 6/1-SRP for FHA and RD loans is 1.75% and for VA loans is 1.25%.  The total SETH Program Compensation is 2.75% for FHA and RD loans and 2.25% for VA loans.
  • 5/1/2017 –  revised income limits
EhousingPlus University
eHP Lender Program Training

  1. Required for everyone participating in the program
  2. offered 24/7
  3. Click here to attend Program training
eHP System Training*

  1. After you complete the online Lender Program Training, information is provided as to what happens next.
  2. Visit our systems training page  to register for eHP System Training
Should you have any questions on training, please contact

To read more about eHP Program Training, click here.

* System Training is required at least once, so that users gain the knowledge necessary to originate and manage their loans on-line. eHP University provides additional opportunities to re-train and/or refresh your system knowledge. Recurring (experienced) system users do not need to attend system training.