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Guild Mortgage 3-2-1 Home Plus Program

Statewide, California

Last verified
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Repayment

Forgivable

Forgiven after 3 years

What is 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.
  • Funding comes from Guild Mortgage.

Do you have to pay it back?

Guild Mortgage 3-2-1 Home Plus Program is forgiven after 3 years, so a buyer 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.

Who qualifies?

Guild Mortgage 3-2-1 Home Plus Program is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • A completed homebuyer education course, 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).

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

What are the income limits?

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.

What kind of home can it be used for?

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

Where does it apply?

Guild Mortgage 3-2-1 Home Plus Program serves buyers purchasing in Statewide, California.

How do you apply?

Applications for Guild Mortgage 3-2-1 Home Plus Program go through the administering agency.

  1. Take a homebuyer education course

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

  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 buyer can take it to a lender or housing counselor.

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