Pathway DPA Program
Pathway DPA is a down payment assistance program that provides financial assistance to homebuyers for down payments and closing costs.
It’s designed to make homeownership more accessible, especially for those with lower credit scores.
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Product highlights
- 30-year fixed FHA first mortgage
- 580 minimum credit score
- No income limits
- No first-time homebuyer requirement
- Down Payment Assistance 2nd mortgage - Choose 3.5% or 5% assistance, based on lower of purchase price or appraised value • Second loan is a 10-year fixed rate loan • Pricing for second is 2% higher than the primary
- Single Family Residence, Townhome, HUD, Condo, and Manufactured homes
- Manual Underwriting Availalble
- Available in all states excluding NY
Borrower advantages
- Flexible Eligibility: Available to buyers with credit scores as low as 580, with no income limits or first-time homebuyer requirement.
- Affordable Assistance: 3.5% or 5% second mortgage at a fixed rate only 2% higher than the primary loan—more affordable than many DPA options.
- Covers More Costs: Assistance can be used toward down payment, closing costs, or to buy down the interest rate.
Realtor advantages
- More Qualified Buyers: Helps buyers with limited savings or moderate credit scores enter the market confidently.
- Faster Closings: Streamlined, in-house program allows for a smoother and quicker transaction process.
- Expanded Reach: Makes homeownership attainable for a wider range of clients, opening up new sales opportunities.
Frequently asked questions
With short and easy to understand answers.
Couldn’t find your answer?
[email protected]What is Pathway DPA?
Pathway DPA is designed to help buyers move forward sooner by providing assistance toward down payment and closing costs.
Is this only for first-time buyers?
Not always. While it’s popular with first-time buyers, repeat buyers may also qualify depending on program guidelines.
Does using Pathway DPA affect my interest rate?
Some assistance programs may have slightly adjusted rates — we’ll walk you through the trade-offs so you can decide what works best for you.
Why choose Pathway DPA?
It’s a great option if saving for a down payment is the main thing standing between you and homeownership.
What is the minimum credit score required?
580 minimum FICO.
What is the maximum LTV for the first lien?
Up to 96.5% LTV.
How much assistance is available?
3.5% or 5% in the form of a repayable second lien.
How can the second lien be used?
It can be used for closing costs and or down payment.
Are there income limits?
No income limits apply.
Is this only for first-time homebuyers?
No, there is no first-time homebuyer requirement.
What guidelines does this program follow?
HUD guidelines.
Is manual underwriting allowed?
Yes, manual underwriting is allowed per HUD guidelines.
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