The Pathway to Purchase Program offers
a 30 year fixed, fully amortizing first lien mortgage loan (a “Pathway to Purchase Loan”) and a Down Payment Assistance (DPA) second mortgage equal to 10% of the purchase price of the subject property, subject to a maximum of $20,000. The funds from the Pathway to Purchase/DPA second mortgage can be used for down payment, closing costs/prepaids and mortgage insurance premiums.
Limited reservations for funds are available on a first-come, first-served basis!
DPA Second Mortgage is a lien against the subject property with the following:
• Five-year, deferred loan 100% forgiven after five years
• 0% interest rate and no monthly payment
This is only available in the following cities:
* The Arizona Department of Housing has announced the Pathway to Purchase Program will be available August 1, 2018.
Copyright 2018 NOVA® Home Loans | 6245 E. Broadway Blvd., Suite 400 Tucson, AZ 85711 I BK 0902429 | NOVA NMLS#3087 | Ricky Abud NMLS#998857 Senior Loan Officer | 520-790-6682 | Ray Desmond NMLS#48274 Senior Loan Officer