SETH 5 Star | At-A-Glance
SETH 5 Star Texas Advantage Program | At-A-Glance
| AVAILABLE PROGRAMS | 5 Star Texas Advantage Program |
| QUESTIONS | Questions |
| ELIGIBLE 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 | 3-year Forgivable 2nd Lien and 30-year Repayable 2nd Lien (use only with the Enhanced 5% option) See rates/offerings chart for details. |
| 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-SIGNERS | 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
SETH 5 Star Texas Advantage Program | Rates & Offerings
| Government - Standard Income Limits Apply | |||||
| Offering | Second Lien | DPA | Lock Rate | ||
| FHA, USDA, VA | 3 yr | 0% | 6.250% | ||
| FHA, USDA, VA | 3 yr | 2% | 6.625% | ||
| FHA, USDA, VA | 3 yr | 3% | 6.875% | ||
| FHA | 3 yr | 4% | 7.125% | ||
| FHA | 30 yr | 5% | 6.625% | ||
| Conventional - Charter Income Limits Apply | |||||
| Offering | 2nd Lien | DPA | Lock Rate | ||
| Fannie Mae/Freddie Mac <= 80% AMI | 3 yr | 0% | 6.750% | ||
| Fannie Mae/Freddie Mac <= 80% AMI | 3 yr | 2% | 7.000% | ||
| Fannie Mae/Freddie Mac <= 80% AMI | 3 yr | 3% | 7.250% | ||
| Conventional - Standard Income Limits Apply | |||||
| Offering | 2nd Lien | DPA | Lock Rate | ||
| Fannie Mae/Freddie Mac over 80% AMI | 3 yr | 0% | 6.750% | ||
| Fannie Mae/Freddie Mac over 80% AMI | 3 yr | 2% | 7.125% | ||
| Fannie Mae/Freddie Mac over 80% AMI | 3 yr | 3% | 7.375% | ||
| Fannie Mae/Freddie Mac over 80% AMI | 30 yr | 5% | 7.125% | ||
| FICO 640+ | |||||
5 Star Texas Advantage
SETH 5 Star Texas Advantage Program | At-A-Glance
AVAILABLE PROGRAMS
5 Star Texas Advantage Program
QUESTIONS
Questions
ELIGIBLE 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
3-year Forgivable 2nd Lien and 30-year Repayable 2nd Lien (use only with the Enhanced 5% option) See rates/offerings chart for details.
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-SIGNERS
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