If you are in the market to buy a new home, check in with Michelle Castle (Guild Mortgage, NMLS 231122 | Company NMLS 3274) to get pre-qualified AND learn about her new loan program offering down payment assistance for Texas home buyers!
The Texas Bond Program 79 (also known as SETH – 5 Star Advantage Program) is simple to apply for online. Visit www.michellecastle.com. Applications are processed the same day or no more than 24 hours after receipt.
Here are some details of the program:
- This is not just for first time home buyers!!!
- The program can be used for owner occupied properties
- The program can be used for FHA, VA or USDA financing
- All borrowers must occupy the property as their primary residence. Co-signors not living in the house are not allowed.
- Income limits – click here for chart
- Maximum loan amount is $250,000
- All of Texas qualifies
- 640 credit score (this is not for iffy credit)
- Up to 5% of the loan amount to cover down payment & closing costs
- Seller contributions up to 6%
- 30 year fixed rate mortgages only
- Turn time 40 days to close
- Not suitable for foreclosures, short sales, or any transaction requiring a quick close
- No homes on acreage that can be subdivided
- Mobile homes not allowed
- Home buyer education is required
- All loans are subject to underwriter approval; terms and conditions may apply.
- Subject to change without notice.
- Additional processing fee required.
- Income restrictions apply.
Seize the day! Call Michelle at 903.771.2617 to get pre-qualified. Then call Providence Group Realty at 469.645.6363 to start your home search today!