The 5 Star Texas Advantage Program provides eligible homebuyers several options for a loan program that meets their needs. The program provides down payment and closing cost assistance when purchasing a home. The maximum assistance is 5% and is based on the final loan amount. Our options provide assistance in the form of a 3 year Community Second Loan which is completely forgiven after 3 years. The program includes a 30 year fixed rate FHA, VA, USDA, or Conventional mortgage loan.
This program is available in Texas but outside of Travis County and the city limits of El Paso, McKinney and Grand Prairie.
Features
- Available to qualified home buyers from all professions
- Available statewide through a network of participating lenders*
- 3 year Community Second Loan which is completely forgiven after 3 years
Eligibility
- No First Time Homebuyer Requirement
- Income limits apply
- Other requirements may apply
- Minimum FICO Score of 640
- No Maximum Sales Price
- Mortgage for the purchase of an Owner occupied, Primary Residence
- Excludes Travis County and the city limits of El Paso, McKinney and Grand Prairie
Fill out the form below to be contacted by a participating lender:
[FALD-FORM]