5 Star Texas Advantage
SETH 5 Star Texas Advantage Program | At-A-Glance
AVAILABLE PROGRAMS
5 Star Texas Advantage Program
QUESTIONS
Questions
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 FHA,VA/CONV LOAN PRODUCTS
Income Limits: FHA, VA and Conventional Loans
INCOME LIMITS: USDA-RD LOAN PRODUCTS
Income Limits: USDA-RD Loan Products
LOAN LIMITS
The SETH 5 Star Program does not have a maximum or minimum loan amount or purchase price. Lenders must comply with all applicable Agency or GSE loan 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 Loans Guidelines
PROGRAM GUIDELINES
Conventional Loans Guidelines
PARTICIPATING LENDERS
Participating Lenders
SETH 5 Star
SETH 5 Star Texas Advantage Program | At-A-Glance
AVAILABLE PROGRAMS
5 Star Texas Advantage Program
QUESTIONS
Questions
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 FHA,VA/CONV LOAN PRODUCTS
Income Limits: FHA, VA and Conventional Loans
INCOME LIMITS: USDA-RD LOAN PRODUCTS
Income Limits: USDA-RD Loan Products
LOAN LIMITS
The SETH 5 Star Program does not have a maximum or minimum loan amount or purchase price. Lenders must comply with all applicable Agency or GSE loan 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 Loans Guidelines
PROGRAM GUIDELINES
Conventional Loans Guidelines
PARTICIPATING LENDERS
Participating Lenders
Today’s Rates & Offerings [ Business Days 9:00am – 8:00pm CT ]
SETH 5 Star Texas Advantage Program | Rates & Offerings
| Government - Above 80% AMI / Standard Income Limits Apply | |||||
| Offering | FICO | DPA | Lock Rate | ||
| FHA, USDA, VA | 640 | 0% | 6.625% | ||
| FHA, USDA, VA | 2% | 7.125% | |||
| FHA, USDA, VA | 3% | 7.500% | |||
| FHA | 4% | 7.625% | |||
| Fannie Mae Preferred and Freddie Mac HFA Advantage 80% AMI / Charter Income Limits Apply | |||||
| Offering | FICO | DPA | Lock Rate | ||
| Fannie Mae or Freddie Mac <= 80% AMI | 640 | 0% | 6.750% | ||
| Fannie Mae or Freddie Mac <= 80% AMI | 2% | 7.375% | |||
| Fannie Mae or Freddie Mac <= 80% AMI | 3% | 7.750% | |||
| Fannie Mae HFA Preferred and Freddie Mac HFA Advantage OVER 80% / Standard Income Limits Apply | |||||
| 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% | 7.625% | |||
| Fannie Mae or Freddie Mac over 80% AMI | 3% | 8.000% | |||
| REFINANCE ONLY | |||||
| FHA | 640 | 0% | 6.625% | ||
| Fannie Mae or Freddie Mac <= 80% AMI or OVER 80% AMI | 640 | 0% | 7.000% | ||