Month: February 2014

Downpayment Assistance Texas – Grant Program

If you have been waiting to buy a house because you needed to save more for the down payment- Capstar Lending can help.  Capstar Lending thru the Southeast Texas Finance Corp (SETH) is offering Down Payment Assistance (Grant Money) up to 5% of the loan amount.  This grant may be used to fund up to 100% of the borrowers cash to close, including the down payment, closing costs, prepaids, and other related mortgage loan fees and expenses.   This program is for primary residence, owner occupied properties.  Income limit for the borrower on the loan(not family income) is $86,710 for Austin-Round Rock- San Marcos MSA.  This program is based on FHA loan parameters. Maximum purchase price is $250,200.   There is NO first time homebuyer requirement. No federal recapture tax. Find out more information about all our mortgage assistance programs.

NMLS# 216616
Direct Line: (512) 459-2405