Southeast Texas Housing Finance Corp. (SETH)

Down Payment Assistance


Southeast Texas Homebuyer Assistance Program

Location Served: The counties of Austin, Chambers, Matagorda, Waller, Walker, Wharton, and Galveston (outside the city of Galveston) or in the city limits of Baytown, Cleveland, or Pearland

Provider: Southeast Texas Finance Corp.

To inquire if New American Funding is currently an approved lender for this DPA program, please call (512) 524-8077. This webpage is for information purposes only.



Eligibility Requirements


The Southeast Texas Housing Finance Corporation provides up to $20,000 to eligible first time homebuyers to assist with their down payment and closing costs. SETH has received its funding from the Texas Department of Housing and Community Affairs (TDHCA).
To qualify for the Southeast Texas Housing Finance Corporation DPA program, applicants:

  • Must be a “first time homebuyer”

  • The property purchased must be located within the city limits of Pearland, Cleveland, Baytown or the Counties of Galveston (outside the city of Galveston), Matagorda, Wharton, Austin, Waller, Walker and Chambers

  • The sales price of the home may not exceed $210,160

  • Must be able to acquire an acceptable mortgage within 30 days of being approved for the program

  • Must occupy the property as their principal place of residence during the recapture period

  • Gross household income may not exceed the limits stated in the chart below:


Location 1 2 3 4 5
Austin 34,800 39,800 44,750 49,700 53,700
Matagorda 27,350 31,250 35,150 39,050 42,200
Walker 28,650 32,750 36,850 40,900 44,200
Wharton 29,800 34,050 38,300 42,550 46,000
Pearland 42,950 49,100 55,250 61,350 66,300
Other Areas 37,000 42,250 47,550 52,800 57,050

If you have any additional questions regarding home mortgages, please contact a mortgage expert by filling out the form on the right or calling (512) 524-8077. You can also email

This website marketing is not intended to offer loan services for properties in New York.