NO FIRST TIME HOMEBUYER REQUIREMENT
The SETH GoldStar Program provides assistance in the form of a forgivable 2nd lien. The maximum amount of Assistance to be provided is 7% and is based on the final loan amount. Assistance funds are provided with our 3 Year, 7 Year or 10 Year Community Second Liens. The Assistance is considered forgiven at the end of the Community Second Term. Your Loan Officer can help you decide which option is the best choice for you.
These funds can be used toward your down payment and closing costs. The program also provides a 30 year fixed rate mortgage. Mortgage options are FHA, VA, USDA and Conventional. There is no pre-payment penalty or federal recapture tax for the mortgage loan.
This program is available in Texas but outside of Travis County and the city limits of El Paso, McKinney and Grand Prairie. Buyers must be income eligible (see below) and will be required to complete the SETH on-line Homebuyer Education Course.
GET STARTED TODAY- Contact a Program Lender
Mortgage Approval With a Program Lender
Meet Program Income Limits
Minimum FICO Score of 620 (640 USDA)
Complete SETH HBE Course
Maximum Purchase Price: $484,350
Choosing Your Course:
Purchase Transactions: If you are the only borrower on the mortgage loan, you will choose the Red Button. If there are multiple borrowers on the loan, then each borrower will select the Blue Button. You will complete the Homebuyer Education course.
Refinancing: Only one borrower is required to complete the Post Purchase Education, use the Red Button to access the course.
Choose an option below and create an account. If there are multiple borrowers registering, you will need to enter the co-borrower’s email address and name.
You will submit your course payment in the Complete Purchase Section. The cost for Homebuyer Education is $100 if there is one borrower and $60 each if there are 2 or more borrowers on the mortgage loan. The cost for Post Purchase Education is $75.
A certificate is provided upon completion and is required for the GoldStar Program. The certificate is valid for 12 months. Courses are offered in Spanish and English.