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Homebuyer Programs in North Little Rock, AR (2026)

Last updated April 7, 2026 | Population: 64,410 | Median home price: $190,000 | Est. closing costs: $4,000 - $5,500

Skyline of North Little Rock, AR

North Little Rock sits directly across the Arkansas River from Little Rock and is the eighth-largest city in Arkansas with a diverse economy and affordable housing market. The median home price is approximately $190,000, well below the national average. While the city does not offer its own down payment assistance grant, North Little Rock has a standout program through its Housing Authority: the NLRHA Section 8 Homeownership Program, which allows Housing Choice Voucher holders to apply their voucher toward a mortgage instead of rent, and has helped over 67 families purchase homes since 2003. Buyers can also access the ADFA Down Payment Assistance Program providing $1,000 to $15,000 and the Arkansas Dream Down Payment Initiative offering up to $10,000 as a forgivable loan. Habitat for Humanity of Central Arkansas builds affordable homes in Pulaski County through its PCNAH partnership, and People Trust Community Loan Fund, the only Black-owned financial institution in Arkansas, offers homebuyer assistance for those overlooked by traditional lenders. By combining these programs, North Little Rock buyers can significantly reduce their out-of-pocket costs.

Top Homebuyer Programs in North Little Rock

NLRHA Section 8 Homeownership Program
Type:
Government-Guaranteed Mortgage
Amount:
Housing Choice Voucher applied toward mortgage payments instead of rent
First-time only:
Yes
FHA Loans
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
FHLBA Community Partners Product
Type:
Forgivable Loan
Amount:
Up to $20,000 in home purchase assistance for down payment and closing costs
First-time only:
No
FHLBA First Time Homebuyer Product
Type:
Forgivable Loan
Amount:
Up to $17,500 in home purchase assistance for down payment and closing costs
First-time only:
Yes
FHLBA Workforce Housing Plus+
Type:
Forgivable Loan
Amount:
Up to $15,000 in home purchase assistance for down payment and closing costs
First-time only:
No
Good Neighbor Next Door (HUD)
Type:
Government Property Sale Program
Amount:
50% discount off the list price of HUD-owned homes
First-time only:
Yes
Home Possible Mortgage (Freddie Mac)
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
HomeReady Mortgage (Fannie Mae)
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
HUD $100 Down Program
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
USDA Rural Development Loans
Type:
Government-Guaranteed Mortgage
Amount:
100% financing (no down payment required); loan amount up to appraised value
First-time only:
No
VA Loans
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
Habitat for Humanity of Central Arkansas Homeownership Program
Type:
Zero-Interest Loan
Amount:
Affordable home purchase with zero-interest mortgage and reduced purchase price
First-time only:
No
People Trust Community Loan Fund Homebuyer Assistance
Type:
Zero-Interest Loan
Amount:
First-time homebuyer assistance loans (amounts vary)
First-time only:
Yes
ADFA Down Payment Assistance Program
Type:
Repayable Loan
Amount:
$1,000 to $15,000 for down payment and closing costs
First-time only:
No
ADFA Move-Up Loan Program
Type:
Zero-Interest Loan
Amount:
Affordable 30-year fixed-rate mortgage with competitive interest rates
First-time only:
No
ADFA StartSmart First-Time Homebuyer Program
Type:
Zero-Interest Loan
Amount:
Below-market interest rate (approximately 1% below market rate) on a 30-year fixed mortgage
First-time only:
Yes
Arkansas Dream Down Payment Initiative (ADDI)
Type:
Forgivable Loan
Amount:
Up to 10% of the sale price, not to exceed $10,000
First-time only:
Yes

How to Apply

  1. Step 1:

    Check your eligibility. Income limits vary by program. The ADFA programs require income within HUD limits for Pulaski County. If you are a current Section 8 voucher holder, ask the North Little Rock Housing Authority about converting your voucher to homeownership.

  2. Step 2:

    Complete homebuyer education. Credit Counseling of Arkansas offers pre-purchase counseling and online courses that meet HUD's 8-hour educational requirement. The NLRHA Homeownership Program includes its own counseling and case management component.

  3. Step 3:

    Contact the North Little Rock Housing Authority at 501-758-8911 if you are a current voucher holder interested in the Section 8 Homeownership Program. Over 67 families have successfully used this path to homeownership.

  4. Step 4:

    Get pre-approved with an ADFA-approved lender. Your lender will help you apply for the ADFA Down Payment Assistance Program ($1,000 to $15,000) and the Arkansas Dream Down Payment Initiative (up to $10,000 as a forgivable loan). Visit the ADFA website at adfa.arkansas.gov for participating lenders.

  5. Step 5:

    Explore additional assistance through People Trust Community Loan Fund, a certified CDFI that offers first-time homebuyer loans and financial coaching. Contact them at 5300 West 65th Street, Little Rock, AR 72209.

  6. Step 6:

    Find a home and close. Work with your lender and housing partners to coordinate all sources of assistance. Habitat for Humanity of Central Arkansas also builds affordable homes in Pulaski County through its PCNAH partnership. Call PCNAH at 501-251-6757 for information.

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