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Statewide programForgivable

SETH MyHome Plus Program

SETH MyHome Plus Program is a forgivable loan for homebuyers in Texas.

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The program asks for

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • A minimum 620 credit score
  • A completed homebuyer education course
  • Citizenship or immigration status: yes
  • A home in Texas

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

Where it applies

Texas’s homes

  • 64.4% single-family
  • 2.9% townhouse
  • 5.3% 2–4 units
  • 20.8% 5+ units
  • 6.7% mobile & other

A tick marks a kind of home the program’s record lists. The agency confirms it for the home you choose.

$283,800

Texas median home value

33.2%

built before 1980

U.S. Census Bureau, ACS 2024 5-year.

How to apply

  1. Take a homebuyer education course

    Required by the program before funds are reserved.

  2. Contact the administering agency to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.

Free course · 10 minSETH MyHome Plus Program, explained

Questions about this program

What is SETH MyHome Plus Program?

SETH MyHome Plus Program is a forgivable loan for homebuyers in Texas. SETH MyHome Plus provides up to 5% of the final loan amount as a 10-year forgivable Community Second Loan with no monthly payments, fully forgiven after 10 years. Available statewide in Texas except Travis County and city limits of El Paso, Grand Prairie, and McKinney. Combining with the SETH MCC Program adds a $3,500 grant bonus. Up to 5% forgivable second loan. Forgiven after 10 years. No monthly payments. $3,500 bonus with SETH MCC. 620 min FICO. Funding comes from Local.

Do you have to pay it back?

SETH MyHome Plus Program is forgiven after 10 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Sale and Refinance (unforgiven balance repaid if sold or refinanced before 10-year term). The assistance is recorded in 2nd Lien position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

SETH MyHome Plus Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. The program lists a minimum credit score of 620. A homebuyer education course is required. Citizenship or immigration status: yes.

What are the income limits?

SETH MyHome Plus Program sets its income limit as follows: Must meet program income limits by county; no maximum sales price limit. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

SETH MyHome Plus Program can be used for Single-family. New construction is eligible.

Where does it apply?

SETH MyHome Plus Program serves homebuyers purchasing anywhere in Texas.

How do you apply?

Applications for SETH MyHome Plus Program go through the administering agency, which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.

Also for Texas homebuyers

Whether two programs can be combined is up to each agency. Ask before you apply.

All 112 programs for Texas

Program terms are set by the administering agency and can change; confirm on the official site before you apply.