5 Star Texas Advantage! Program Lender Training! WHAT YOU’RE GOING TO LOVE ABOUT THIS PROGRAM?! 5 Star Texas Advantage Program! SETH – 5 Star Texas Advantage Program. Program; Summary; Rates/Offerings. Provides the web-based program loan reservation and management system. The Homes for Texas Heroes and Home Sweet Texas Home Loan Programs are available for teachers. Texas Statewide Homebuyer Education Program; Webinars. 5% Grant for Down Payment; FHA* w/ FICO score. The 4 Best Mortgage Assistance Programs Available in Texas. You may have noticed that I have been promoting our mortgage assistance programs more than ever. There are a number of programs available to help everyday people obtain mortgages – programs like Zero Down VA Loans, Zero Down USDA Loans, programs through the Texas Veterans Housing Assistance Program, bond programs such as SETH, and programs through the Texas Department of Housing and Community Affairs. VA Loans –Most veterans are eligible for a VA assistance, which provides low cost financing and other programs to help veterans build or purchase a home with little to no down payment. VA loans are offered by private lenders but a portion of the loan is guaranteed by the Veterans Administration. This means the lender can offer better terms on the mortgage note, and veterans who otherwise wouldn. No down payment or private mortgage insurance is required. Interest Rate Reduction Refinance Loan (IRRRL) . Please call me at 5. FHA Home Loans –The FHA home loan program is administered by the U. S. Department of Housing and Urban Development. This program has more flexible debt to income ratios and lower minimum credit scores. It is a perfect resource for first time home buyers who have very little savings, who have had credit problems in the past, or who want to save the extra cash to fix up the home they are purchasing. FHA loans are offered by private lenders but are insured by the Federal Housing Administration, enabling the lender to offer a better deal that includes: Low down payments . Read on to learn more. Mortgage Grants – Southeast Texas Housing Bond (SETH) –The SETH Single Family Bond Program offers down payment assistance, closing cost assistance, grants, and fixed- rate mortgage financing for buyers in select Texas counties who have a maximum household income of $8. SETH Program works as follows to help first- time homebuyers purchase a home: SETH 5 Star Texas Advantage Program – provides a grant of up to 5% of the cost of the home. Repayment of the grant money is not required. Applicants do not need to be a first time home buyer, and the funds may be used for mortgages with fixed 3. The program is available everywhere in Texas except for El Paso, Grand Prairie, and Mc. Kinney. 4. MCC Program – Texas Mortgage Credit Certificate Program –This program allows buyers to claim a tax credit of up to $2. The credit can be claimed every year for the life of the loan and helps reduce overall federal tax liability. To qualify for this program, buyers must: Qualify for a mortgage loan through a lender. Have not owned a home in the past three years. Meet certain income requirements. Agree to make the home their primary residence. All types of mortgages (including VA, FHA, and conventional loans) are eligible for the program. It can be used for new construction or existing dwellings, including single family homes, townhomes and condominiums. Buyers utilizing this program must complete a pre- purchase homebuyer education course and pay an issuance fee at closing. If you think you might qualify for one of these programs, don. Welcome to the Texas Higher Education Coordinating Board (THECB) student loan programs. THECB is pleased to announce that effective June 1, 2015 the interest rate for new College Access Loans was lowered from 5.25 percent to 4. Texas Star Bank is not responsible for and has no control over the subject matter, content, information, or graphics. Find Texas colleges in your area. State's Net Price Calculator (NPC) Learn your costs to attend Texas institutions. Interactive learning for all aspects of college life. I would like to help you achieve your dream of homeownership. Please contact Todd Kurio, Residential Mortgage Loan Originator at. HOMEBUYERS - SETHFCNo First Time Homebuyer Requirement. The 5 STAR TEXAS ADVANTAGE PROGRAMprovides eligible homebuyers several options for a loan program that meets their needs. Buyers get a 3. 0 year fixed rate mortgage and a Grant to be used for the down payment and closing costs associated with their home purchase. The maximum Grant is 6%, and is based on your actual loan amount. Local Down Payment Programs and MCC Programs may be combined with this program. No First Time Homebuyer Requirement. Must be Income Eligible (list below)Minimum of a 6. Credit Score. Must Purchase in Program Area. Contact A Lender From Below. Participating Lender List. Income Limits FHA/VAIncome Limits USDA RDAIncome Limits Freddie Mac/Conventional.
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