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

Guild Mortgage MyPath2Own Program is forgiven after 5 years, so a homebuyer 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.

Guild Mortgage MyPath2Own Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. A homebuyer education course is required, 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.

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.

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

Guild Mortgage MyPath2Own Program is a nationwide program, so it is not limited to one state.

Applications for Guild Mortgage MyPath2Own 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.