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. This is a nationwide program, so it is available beyond a single state or city. Funding comes from American Pacific Mortgage.

American Pacific Mortgage Pathway DPA is forgiven after 3 years, so a homebuyer 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.

American Pacific Mortgage Pathway DPA is open to homebuyers who will live in the home as their primary residence. A homebuyer education course is required, through Required - HUD-approved. Sourced via Homebuyer Wallet (NAT250045). Available nationwide through APM correspondent branches. Pairs with FHA, VA, USDA, or Conv first mortgage.

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.

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

American Pacific Mortgage Pathway DPA is a nationwide program, so it is not limited to one state.

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