PATH forgivable seconds provide 3.5% assistance; repayable seconds offer 3.5% or 5%. DPA is based on the lower of sales price or appraised value.
How Much Down Payment Assistance With Luminate PATH? | The 2 Mortgage Guys
PATH forgivable seconds provide 3.5% assistance; repayable seconds offer 3.5% or 5%. DPA is based on the lower of sales price or appraised value.
How Much Down Payment Assistance Can I Receive With Luminate PATH?
3.5% and 5% by Property Value
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What PATH Assistance Cannot Cover
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Forgivable PATH seconds provide 3.5% assistance with no monthly payment on the aid layer. Repayable seconds offer 3.5% or 5%. Assistance is based on the lower of the sales price or appraised value.
PATH DPA is calculated on the lower of the sales price or appraised value — not an inflated contract price above the appraisal.
Example: a $300,000 qualifying value at 5% repayable assistance = $15,000 toward down payment or closing costs.
Assistance percentage depends on the second-lien structure you qualify for — not just how much cash you want at closing.
PATH DPA is meant for down payment and closing-cost needs on your purchase. It cannot pay off consumer debt to qualify, and it cannot cover an appraisal shortage when the home appraises below the contract price.
Ryan and Steve size your cash-to-close early — so you know whether 3.5% forgivable or up to 5% repayable is the better fit before you write an offer.
Related Luminate Path guides and DPA options.
Ryan & Steve will model 3.5% forgivable vs 3.5% or 5% repayable PATH assistance against your purchase price and first mortgage.
Luminate Path programs are subject to borrower qualification, property eligibility, and lender approval. Rates, terms, and program availability may change without notice and are not available in all states. This page is educational — your scenario is underwritten against current guidelines.
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