Seth 5 Star Down Payment Assistance Program
The Seth 5 Star Down Payment Assistance Program is now available in Texas. Everyone who is looking for Homes for sale in Irving, TX should look into Seth 5 Star Down Payment Assistance Program and see if they qualify. Here are the details about the program:
Seth 5 Star Program Guidelines
- Credit Score: Minimum 640
- Loan Types: FHA,USDA, and VA
- Repayment: Grant (No Lien/No Repayment)
- % Interest Rate %: Set By Agency - Contact a loan officer for current rate
- Amount of Assistance: 5%, 4% or 3% Grant based on total loan amount
- Income Restricted: UW 1003 income see Seth's income chart shown by county
Seth 5 Star Program Example
FHA Loan - $175,000 Sales Price 30 Year Fixed Rate
-Estimated Funds Needed to Close
Down Payment 3.5%...$6,125
Closing Cost................$5,058
Pre-Paids....................$3,727
Subtotal......................$14,911
Less Seth DPA 5%.....- $8,591
Less Seller................- $-0-
Less Earnest $..........- $1,000
Funds Still Needed...... $5,320
Total Monthly Payment 5.99% APR
Principal & Interest 4.75%...$896.35
Insurance - homeowners.....$150.00
Taxes.................................$379.17
Mortgage Insurance...........$189.98
Total Payment.......$1,615.50
If you are unsure if you qualify for the Seth 5 Star Down Payment Assistance Program, please contact a lender to find out. The O'Reilly Home Team, with the assistance of the Seth 5 Star Down Payment Assistance Program, can get you into a home with little (OR NO) money down. Please contact The O'Reilly Home Team to find out how!
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