Financial assistance is provided by SETH, Southeast Texas Housing Finance Corporation. The public purpose of Southeast Texas Housing Finance Corporation is to create and promote affordable housing opportunities for the citizens of Texas and it’s subscribing governmental jurisdictions. The primary business activity of Southeast Texas Housing Finance Corporation is to issue tax-exempt single-family mortgage revenue bonds.
SETH MyHome Plus Program offers many different program opportunities designed to help a variety of homeowners find assistance that meets their individual needs. The maximum amount of assistance is 5% and based on the final loan amount. Assistance is provided in the form of 10 year forgivable Community Second Loan with no payments and is completely forgiven after 10 years. The program also 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, Grand Prairie and McKinney.
Features
- Available to qualified home buyers from all professions
- Available statewide through a network of participating lenders*
- Up to 7% of final loan amount in the form of a forgivable 2nd lien
- Funds can be used toward your down payment and closing costs
*Excludes the City limits of Grand Prairie, El Paso, Travis County or the City of Mckinney.
Eligibility
- No First Time Homebuyer Requirement
- Minimum FICO Score of 620
- No Sales Price Limits
- Income Limits Apply
Fill out the form below to be contacted by a participating lender:
[FALD-FORM]