Pathway to Prosperity
If you are looking to buy a home, one of Pathway to ProsperitySM 1,2,3 loan subsidy programs HomeAssist, or HomeAccess could help make it more affordable.
HomeAssist Grant
HomeAccess Special Purpose Credit Program (SPCP)
For each of these programs:
- Qualified applicants may be eligible to receive up to $10,000 per qualified transaction.
- Funds or Grant can be used towards down payment, borrower paid closing costs and prepaids, permanent rate buydown, and/or payment of upfront mortgage insurance.
- Grant is forgiven at loan closing with no lien applied to your property and no repayment required.
- Eligible first lien loan types include Conventional, FHA and VA transactions.
- At least one borrower must be a qualified applicant, meaning the applicant currently resides or is purchasing a primary residence in a Majority-Minority Census Tract within the Metropolitan Statistical Area (MSA).
Please contact any of our Pathway To Prosperity approved Mortgage Consultants
Customer.Support@PHMLoans.com
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- New Castle County, DE
- Salem County, NJ
- Montgomery County, PA
- Burlington County, NJ
- Bucks County, PA
- Philadelphia County, PA
- Camden County, NJ
- Chester County, PA
- Cecil County, MD
- Gloucester County, NJ
- Delaware County, PA
Pathway to ProsperitySM
1. Eligible Majority-Minority Census Tracts in the greater Philadelphia, Camden & Wilmington areas may include parts of the following counties: New Castle County, DE; Cecil County, MD; Burlington County, NJ; Camden County, NJ; Gloucester County, NJ; Salem County, NJ; Bucks County, PA; Chester County, PA; Delaware County, PA; Montgomery County, PA; Philadelphia County, PA. Contact Prosperity Home Mortgage, LLC for information on qualified census tracts.
2. Borrowers may receive up to $10,000 per qualified transaction on the Closing Disclosure, secured by a first mortgage or deed of trust (New Loan), subject to qualification, approval and closing with Prosperity Home Mortgage, LLC. The total amount may be subject to change based on loan terms, first mortgage program requirements, and agency/investor restrictions. Only one Pathway to Prosperity grant is permitted per transaction.
3. Not all loan types are available to all borrowers. Borrowers will be subject to qualification and must satisfy all underwriting requirements and conditions. Not all borrowers will qualify. Speak with your mortgage consultant and carefully consider each of your home financing options so you can determine the home loan program that is right for you.