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SETH MyHome PlusSM
Down Payment Assistance Program
Making homeownership more accessible for low-to-moderate income individuals and families in Texas by providing valuable down payment and closing cost assistance.
Texas
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SETH MyHome PlusSM Advantage
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Down Payment Assistance
Offers up to 5% for your down payment and closing costs, making homeownership more affordable.
SETH MyHome PlusSM Loan Requirements
Here’s what you’ll need to get started.
- Credit Score Minimum credit score of 620
- Debt-to-income ratio AUS approval
- Occupancy required Within 60 days of closing
- Homebuyer Education Informative homeownership course required
Qualifications
The home loan that unlocks opportunities
Qualifications
The home loan that unlocks opportunities.
- Available statewide in Texas to all buyers (except for Travis County, El Paso, Grand Prairie, and McKinney)
- Purchases only
- Single Family (1-4 units), Condominiums, Townhomes, or Manufactured Housing
Connect with a Loan Expert
Our Loan Experts are available to answer all your questions.
Why People Trust Us
Experience: Leading community lender since 1988
Reliability: We hold over 90% of our loans
Flexibility: We offer a variety of loan options tailored to your specific needs
Coverage: Licensed in all 50 states and the District of Columbia
SETH MyHome PlusSM FAQs
What is the SETH MyHome PlusSM Program?
The SETH MyHome PlusSM program is a down payment assistance initiative aimed at increasing homeownership opportunities for low to moderate-income individuals and families in Texas. It offers financial support to help with down payment and closing costs.
How much assistance does the program provide?
The program provides down payment assistance of up to 5% of the loan amount.
Who qualifies for the SETH MyHome PlusSM Program?
Eligibility is based on factors such as income limits, credit score, and debt-to-income ratio. Specific requirements vary depending on the loan type and the county where the property is located.
What types of loans are available through the program?
The program supports various loan types, including FHA, VA, USDA, and Conventional Loans, offering flexibility to meet the diverse needs of homebuyers.
What types of properties are eligible under the program?
Eligible properties include single-family homes, condominiums, townhomes, and manufactured homes. The property must be located in an eligible area in Texas and used as the buyer’s primary residence.