Texas Program · SETH
SETH 5 Star Texas Advantage
Flexible, generous, and open to repeat buyers — SETH’s 5 Star program gives you up to 5% in down payment help, structured your way.
Overview
Down payment help, with options.
The 5 Star Texas Advantage Program, from the Southeast Texas Housing Finance Corporation (SETH), provides up to 5% of your final loan amount in down payment and closing-cost assistance — and lets you choose how it’s structured. There’s no first-time-buyer requirement, no maximum sales price, and it works with FHA, VA, USDA and conventional loans.
How it works
The essentials
Option A
Forgivable second loan
Assistance provided as a second loan that is fully forgiven after just three years.
Option B
Deferred payment loan
Take a lower interest rate in exchange; the balance is due only on sale, refinance, or at the end of 30 years — with no monthly payments and no accrued interest.
Bonus
+$3,500 with an MCC
Combine 5 Star with the SETH Mortgage Credit Certificate program for an additional $3,500 grant.
Who it is for
Do you qualify?
- Texas buyers (see area limits below)
- First-time and repeat buyers
- FHA, VA, USDA or conventional borrowers
- Buyers with a 640+ credit score
- Households within program income limits
- Buyers who want no maximum sales price
At a glance
Program highlights
Up to 5% assistance
Based on your final loan amount.
Forgivable or deferred
Choose the structure that fits your plans.
No first-time rule
Repeat buyers welcome.
640 minimum credit
FHA, VA, USDA or conventional.
No max sales price
Flexibility for higher-priced homes.
+$3,500 MCC grant
When combined with the SETH MCC.
SETH programs are administered by the Southeast Texas Housing Finance Corporation (SETH) and offered through participating lenders, subject to program guidelines, income limits and eligibility, which are subject to change. Availability is statewide in Texas except Travis County and the city limits of El Paso, Grand Prairie and McKinney. This is not a commitment to lend. Contact David to confirm current terms and your eligibility.
Let’s find your 5 Star fit.
Every situation is different. Let me confirm your eligibility and run the numbers. Call (303) 557-3846 or start online.
Texas down payment assistance is one of several programs I run in the state. See mortgage lending in Texas — including Section 50(a)(6) cash-out rules.