About Gold Star
NO FIRST TIME HOMEBUYER REQUIREMENT, MORE ASSISTANCE & LOWER RATES
The SETH Gold Star 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. The Assistance is forgiven equally each month and is considered completely forgiven after 7 years. 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 and Grand Prairie. Buyers must be income eligible (see below) and will be required to complete the SETH on-line Homebuyer Education Course.
No First Time Homebuyer Requirement
Minimum FICO Score of 680
DTI up to 55%
Maximum Sales Price: $453,100
Meet Program Income Limits
Homebuyers using the SETH Gold Star Program will be required to complete the SETH on-line Homebuyer Education Course. All borrowers on the mortgage loan must individually attend the class. Your certificate is valid for 12 months and must be completed prior to closing.
Select from the choices below to launch our Homebuyer Education Course. You will choose the Red Button if you are the only borrower on the mortgage loan. If there are multiple borrowers on the mortgage loan, then each borrower will select the Blue Button below. All borrowers on the mortgage loan will register and complete the Homebuyer Education Course on their own. Each selection will allow you to choose between our English or Spanish classes.
Complete the Create Account section. Be sure and select “Individual” if you are the only borrower on the mortgage loan and select “Couple (Borrower and Co-Borrower)” if there is more than one borrower on the mortgage loan. If there are multiple borrowers registering, you will need to enter the co-borrower’s email address and name.
You will submit your course payment in the Complete Purchase Section. The cost for the course is $100 if there is one borrower on the mortgage loan (Individual) and $60 each if there are 2 or more borrowers on the mortgage loan (Couple.)
Each borrower on the mortgage loan will need to complete their homebuyer education course at their own pace.
When you finish this course, you will be provided with a completion certificate. This certificate will be required by your Lender for loan approval. Remember- if there are multiple borrowers on your mortgage loan, each borrower will need to have a completion certificate in their own name.
We encourage you to complete your course as early in the home buying process as possible. The course provides great information and helps to give a greater understanding of the home buying process. Your certificate is valid for 12 months and the class fee is non-refundable.
Obtain Approval from a Bill Rapp, the Mortgage Viking Team, and start shopping for your new home!
If you are seriously considering moving right now you need to take action right now and talk to a reputable Real Estate & Mortgage Broker today, please call 281-222-0433 or visit: