Luminate Bank Luminate PATH National DPA Program

Luminate Bank Luminate PATH National DPA Program is a forgivable loan for homebuyers in Statewide, California. Lender-funded forgivable second. 3-year ramp. Up to 5% of loan amount as forgivable second mortgage. 3-year forgiveness on 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 Luminate Home Loans.

Luminate Bank Luminate PATH National DPA 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.

Luminate Bank Luminate PATH National DPA 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 (NAT260068). Lender-administered nationally. Verify program availability with Luminate loan officer.

Luminate Bank Luminate PATH National DPA Program sets its income limit as follows: Per first mortgage program 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.

Luminate Bank Luminate PATH National DPA Program can be used for Single-family, Condo, Townhouse.

Luminate Bank Luminate PATH National DPA Program is a nationwide program, so it is not limited to one state.

Applications for Luminate Bank Luminate PATH National DPA 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.