SETH GOLDSTAR

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.