PATH 3.5% forgivable has no monthly payment. Stay through the 3- or 5-year term for forgiveness; early sale or refinance makes the remaining balance due.
Do I Have to Pay Back Luminate PATH Forgivable DPA? | The 2 Mortgage Guys
PATH 3.5% forgivable has no monthly payment. Stay through the 3- or 5-year term for forgiveness; early sale or refinance makes the remaining balance due.
Do I Have to Pay Back the 3.5% Forgivable Down Payment Assistance Option?
No Monthly Payment — Conditional Forgiveness
Forgivable Snapshot
When the Balance Does Come Due
Plan the forgiveness term with your move timeline
Forgivable vs. Repayable — Payback Mindset
Keep Exploring
Want Help Choosing 3-Year or 5-Year Forgivable?
There is no monthly payment on the 3.5% forgivable second. Stay in the home as your primary residence through the full 3- or 5-year forgiveness term and that balance can be forgiven. Exit early — sale, refinance, or first-mortgage payoff — and the remaining unforgiven balance becomes due.
The 3.5% forgivable PATH second is not a traditional amortizing loan you chip away at every month. There is no monthly principal-and-interest payment on the assistance layer .
Forgiveness is earned by satisfying the second-lien term — either the 3-year or 5-year forgivable option — while the home remains your primary residence.
Complete the full forgiveness period under those occupancy rules and the assistance balance can be forgiven with no monthly payment along the way.
Forgivable does not mean free if you exit before the clock finishes.
If you expect to sell or refinance within a few years, Ryan and Steve will weigh whether a shorter 3-year forgivable term, a 5-year term, or a repayable second is the better economic choice for your file.
Related Luminate Path guides on assistance structure and eligibility.
Ryan & Steve will align the forgiveness clock with how long you expect to stay — and flag when repayable PATH is the stronger fit.
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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