5 Star Texas Advantage
SETH 5 Star Texas Advantage Program | At-A-Glance
AVAILABLE PROGRAMS
5 Star Texas Advantage Program
ELLIGIBLE AREA
Entire state of Texas but not within the City Limits of: El Paso, Grand Prairie, McKinney or in Travis County.
ELIGIBLE BORROWER(S)
No first-time buyer requirement
RATES
See Chart
DPA AVAILABLE
0% Interest, 3-year forgivable Second Mortgage. Assistance amount is a percentage of the total loan amount (see chart).
LOAN TYPE
See Chart
INCOME LIMITS
Income Limits
PURCHASE LIMITS
Purchase Price Limits
TIMELINE REQUIREMENTS
70 days from Reservation to Loan Purchase. Underwriter Certification by the 25th day.
HOMEBUYER EDUCATION
Homebuyer Education
CO-SIGNORS
Co-Signer is permitted by the program subject to the Lender following all applicable loan agency and US Bank guidelines.
PROGRAM GUIDELINES
Government Guidelines
PROGRAM GUIDELINES
Conventional Guidelines
PARTICIPATING LENDERS
Participating Lenders
SETH 5 Star
SETH 5 Star Texas Advantage Program | At-A-Glance
AVAILABLE PROGRAMS
5 Star Texas Advantage Program
ELLIGIBLE AREA
Entire state of Texas but not within the City Limits of: El Paso, Grand Prairie, McKinney or in Travis County.
ELIGIBLE BORROWER(S)
No first-time buyer requirement
RATES
See Chart
DPA AVAILABLE
0% Interest, 3-year forgivable Second Mortgage. Assistance amount is a percentage of the total loan amount (see chart).
LOAN TYPE
See Chart
INCOME LIMITS
Income Limits
PURCHASE LIMITS
Purchase Price Limits
TIMELINE REQUIREMENTS
70 days from Reservation to Loan Purchase. Underwriter Certification by the 25th day.
HOMEBUYER EDUCATION
Homebuyer Education
CO-SIGNORS
Co-Signer is permitted by the program subject to the Lender following all applicable loan agency and US Bank guidelines.
PROGRAM GUIDELINES
Government Guidelines
PROGRAM GUIDELINES
Conventional Guidelines
PARTICIPATING LENDERS
Participating Lenders
Today’s Rates & Offerings [ Business Days 9:00am – 8:00pm CT ]
5 Star Texas Advantage Program | Rates & Offerings
| Government | |||||
| Offering | FICO | DPA | Lock Rate | ||
| FHA, USDA, VA | 640 | 0% | 6.625% | ||
| FHA, USDA, VA | 2% | 7.250% | |||
| FHA, USDA, VA | 3% | 8.125% | |||
| FHA | 4% | 8.750% | |||
| Fannie Mae Preferred and Freddie Mac HFA Advantage 80% AMI | |||||
| Offering | FICO | DPA | Lock Rate | ||
| Fannie Mae or Freddie Mac <= 80% AMI | 640 | 0% | 6.875% | ||
| Fannie Mae or Freddie Mac <= 80% AMI | 2% | 7.875% | |||
| Fannie Mae or Freddie Mac <= 80% AMI | 3% | n/a | |||
| Fannie Mae HFA Preferred and Freddie Mac HFA Advantage OVER 80% | |||||
| Offering | FICO | DPA | Lock Rate | ||
| Fannie Mae or Freddie Mac over 80% AMI | 640 | 0% | 7.000% | ||
| Fannie Mae or Freddie Mac over 80% AMI | 2% | 8.375% | |||
| Fannie Mae or Freddie Mac over 80% AMI | 3% | n/a | |||