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Guild Mortgage MyPath2Own Program

Statewide, California

Last verified
See what you qualify for
Repayment

Forgivable

Forgiven after 5 years

What is Guild Mortgage MyPath2Own Program?

Guild Mortgage MyPath2Own Program is a forgivable loan for homebuyers in Statewide, California.

  • Guild Mortgage forgivable second. 5-year ramp. Pairs with conventional or FHA first.
  • Up to $7,500 forgivable second mortgage for LMI homebuyers. Forgiven over 5 years of owner-occupancy. Combines with Conv or FHA first.
  • Funding comes from Guild Mortgage.

Do you have to pay it back?

Guild Mortgage MyPath2Own Program is forgiven after 5 years, so a buyer who stays that long does not repay it.

  • Repayment is triggered by sale or refinance within 5 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 MyPath2Own Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • A completed homebuyer education course, through Required - HUD-approved
  • Sourced via Homebuyer Wallet (NAT260048). Income at or below 80% AMI. Must be first-time homebuyer. 5-year forgiveness on owner-occupancy.

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 MyPath2Own Program sets its income limit as follows: At or below 80% area median income.

  • 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 MyPath2Own Program can be used for Single-family, Condo, Townhouse.

Where does it apply?

Guild Mortgage MyPath2Own Program serves buyers purchasing in Statewide, California.

How do you apply?

Applications for Guild Mortgage MyPath2Own 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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