Need Down Payment Assistance

Dated: 08/24/2016

Views: 282

Image title

Southeast Texas Housing Finance Corporation, SETH,  was formed in October 1981 to help moderate income buyers with their down payment to purchase a home. SETH will give qualified buyers up to 6% for their down payment and closing cost. There is no repayment or recapture of assistance. SETH can now be used even if it is not your 1st home. What more can you ask for?

There are some simple qualifications that must be met to obtain this assistance. 

  1. Galveston County household income,as stated on your mortgage application, cannot exceed $79,580 for FHA or $96,880 for conventional.

  2. The home purchase price cannot exceed $274,050 for FHA or $324,000 for Conventional

  3. Credit score must be 640 with debt ratio 45% for FHA or 680  with debt ratio 50% for conventiona

This is the easiest program. All you have to do is apply for your mortgage and the mortgage company takes care of the rest for you. You will need to take an internet class like a defensive driving class.

Call me today to find out how you can be in your new home before Christmas! 409-539-8234

Latest Blog Posts

Gardening Tips And What To Plant With Children

Gardening with children:  Gardening Tips and What to Plant  Cultivating a home garden is a great way to teach your children where their food comes from while fostering a sense of

Read More


A Time of Self Reflection.  As the events of Wednesday afternoon, February 14, 2018 began to unfold on TV at Stoneman Douglas High School in Parkland, Florida, I

Read More

MY STORY A Move To The Texas Gulf Coast

I’m Jerri Sutherland, a realtor in Galveston, TX and new to this thing called “blogging”.  I decided in late 2016 to make this journal go “live” and to stop procrastinating as I need

Read More

Winterizing Your Home

In South Texas we do not have a long checklist to take care of when winterizing our homes, but there are a few things that you might want to take the time to check.If you are lucky enough to have a

Read More