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Get Matched Free →Homebuyer Programs in Bella Vista, AR (2026)
Bella Vista is a picturesque planned community in Benton County in the northwest corner of Arkansas, just south of the Missouri border and part of the booming Northwest Arkansas metro area. With a median home price around $380,000, Bella Vista offers access to world-class trails, lakes, and golf courses in one of the fastest-growing regions in the country. The ADFA Down Payment Assistance Program provides $1,000 to $15,000 for down payment and closing costs, while the Arkansas Dream Down Payment Initiative offers up to $10,000 as a forgivable loan. Habitat for Humanity of Northwest Arkansas serves Benton County with affordable homeownership opportunities, and Partners for Better Housing offers its Fast Track to Homeownership program in the Fayetteville-Springdale-Rogers metro area. By combining state and nonprofit programs, eligible Bella Vista buyers could access over $25,000 in total assistance.
Top Homebuyer Programs in Bella Vista
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| FHA Loans | Government-Insured Mortgage | Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026) | No | View → |
| FHLBA Community Partners Product | Forgivable Loan | Up to $20,000 in home purchase assistance for down payment and closing costs | No | View → |
| FHLBA First Time Homebuyer Product | Forgivable Loan | Up to $17,500 in home purchase assistance for down payment and closing costs | Yes | View → |
| FHLBA Workforce Housing Plus+ | Forgivable Loan | Up to $15,000 in home purchase assistance for down payment and closing costs | No | View → |
| Good Neighbor Next Door (HUD) | Government Property Sale Program | 50% discount off the list price of HUD-owned homes | Yes | View → |
| Home Possible Mortgage (Freddie Mac) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HomeReady Mortgage (Fannie Mae) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HUD $100 Down Program | FHA-Financed HUD REO Purchase | Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs. | No | View → |
| USDA Rural Development Loans | Government-Guaranteed Mortgage | 100% financing (no down payment required); loan amount up to appraised value | No | View → |
| VA Loans | Government-Guaranteed Mortgage | No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026) | No | View → |
| ADFA Down Payment Assistance Program | Repayable Loan | $1,000 to $15,000 for down payment and closing costs | No | View → |
| ADFA Move-Up Loan Program | Zero-Interest Loan | Affordable 30-year fixed-rate mortgage with competitive interest rates | No | View → |
| ADFA StartSmart First-Time Homebuyer Program | Zero-Interest Loan | Below-market interest rate (approximately 1% below market rate) on a 30-year fixed mortgage | Yes | View → |
| Arkansas Dream Down Payment Initiative (ADDI) | Forgivable Loan | Up to 10% of the sale price, not to exceed $10,000 | Yes | View → |
- Type:
- Government-Insured Mortgage
- Amount:
- Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026)
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Up to $20,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Up to $17,500 in home purchase assistance for down payment and closing costs
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to $15,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Government Property Sale Program
- Amount:
- 50% discount off the list price of HUD-owned homes
- First-time only:
- Yes
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- FHA-Financed HUD REO Purchase
- Amount:
- Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs.
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- 100% financing (no down payment required); loan amount up to appraised value
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026)
- First-time only:
- No
- Type:
- Repayable Loan
- Amount:
- $1,000 to $15,000 for down payment and closing costs
- First-time only:
- No
- Type:
- Zero-Interest Loan
- Amount:
- Affordable 30-year fixed-rate mortgage with competitive interest rates
- First-time only:
- No
- Type:
- Zero-Interest Loan
- Amount:
- Below-market interest rate (approximately 1% below market rate) on a 30-year fixed mortgage
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to 10% of the sale price, not to exceed $10,000
- First-time only:
- Yes
How to Apply
- Step 1:
Check your eligibility. Review income limits for ADFA programs, which are based on area median income for Benton County. The ADFA StartSmart program requires first-time buyer status and a minimum 640 credit score.
- Step 2:
Complete homebuyer education. Contact a HUD-approved housing counseling agency by calling 800-569-4287. Several agencies serve the Northwest Arkansas region.
- Step 3:
Get pre-approved with an ADFA-approved lender. Visit adfa.arkansas.gov to find participating lenders in the Northwest Arkansas area who can help you access the ADFA Down Payment Assistance Program and StartSmart mortgage.
- Step 4:
Explore nonprofit options. Contact Habitat for Humanity of Northwest Arkansas at 479-575-8260 or visit habitatnwa.org to learn about their homeownership program. Partners for Better Housing also offers the Fast Track to Homeownership program in the NWA metro area.
- Step 5:
Find a home within program limits. Work with your lender to identify properties that meet ADFA purchase price requirements for Benton County and any additional program guidelines.
- Step 6:
Submit your application and close. Your ADFA-approved lender will guide you through the down payment assistance application as part of your mortgage process. Allow 30 to 60 days for full processing.