The present disclosure provides methods and systems for automatic transport path selection for multi-home entities in Stream Control Transmission Protocol (SCTP). The present invention provides systems and methods for directing data transfer between applications and devices residing on different computers or devices using a dynamic path selection algorithm for multi-homed network entities (using SCTP). When an application or device requests to transfer data to another application or device, the dynamic path selection algorithm selects the most efficient path for data transfer. The decision to select the best network path is based upon the dynamic network conditions, such as, for example, congestion window (CWND), round trip time (RTT), and the like, and/or provisioning information.