American Pacific Mortgage Pathway DPA

What is American Pacific Mortgage Pathway DPA?

American Pacific Mortgage Pathway DPA is a deferred second loan for homebuyers in Statewide, California.

• Lender-funded second mortgage; deferred or forgivable depending on tier. Combines with FHA, VA, USDA, Conv first.
• Up to 5% of loan amount as deferred or forgivable second mortgage. 3-year forgiveness available on certain tiers.
• Funding comes from American Pacific Mortgage.

Do you have to pay it back?

American Pacific Mortgage Pathway DPA is forgiven after 3 years, so a buyer who stays that long does not repay it.

• Repayment is triggered by sale, refinance, or end of term (forgivable after 3 years on certain tiers).
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

American Pacific Mortgage Pathway DPA is open to buyers who will live in the home as their primary residence.

What are the income limits?

American Pacific Mortgage Pathway DPA sets its income limit as follows: Per FHA/Conv/VA/USDA lender guidelines.

• The limit applies to total household income, not only the borrower’s.
• 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?

American Pacific Mortgage Pathway DPA can be used for Single-family, Condo, Townhouse.

Where does it apply?

American Pacific Mortgage Pathway DPA serves buyers purchasing in Statewide, California.

How do you apply?

Applications for American Pacific Mortgage Pathway DPA go through the administering agency.

1. 1

   Take a homebuyer education course

   Required by the program, through Required - HUD-approved.

2. 2

   Contact the administering agency to reserve funds

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

3. 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 buyer can take it to a lender or housing counselor.