Guild Mortgage 3-2-1 Home Plus Program

Guild Mortgage 3-2-1 Home Plus Program is a forgivable loan for homebuyers in Statewide, California. Forgivable lender-funded second + temporary rate buy-down (3-2-1). 3-year forgiveness. Up to 5% of loan amount in DPA via Guild Mortgage's 3-2-1 program. Forgivable over 3 years. Combines with Conv or FHA first. Designed to be paired with rate buy-down. This is a nationwide program, so it is available beyond a single state or city. Funding comes from Guild Mortgage.

Guild Mortgage 3-2-1 Home Plus Program is forgiven after 3 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by sale or refinance within 3 years (otherwise forgiven). Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Guild Mortgage 3-2-1 Home Plus Program 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 (NAT250044). Income at or below 80% AMI typically. Pairs with Guild's 3-2-1 rate buy-down structure (year 1 rate 3% below, year 2 2% below, year 3 1% below note rate).

Guild Mortgage 3-2-1 Home Plus Program sets its income limit as follows: Per program guidelines (LMI focus). 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.

Guild Mortgage 3-2-1 Home Plus Program can be used for Single-family, Condo, Townhouse.

Guild Mortgage 3-2-1 Home Plus Program is a nationwide program, so it is not limited to one state.

Applications for Guild Mortgage 3-2-1 Home Plus Program 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.