ADFA Down Payment Assistance Program

Administered by: Arkansas Development Finance Authority · State · Repayable Loan

Funding status: Active

How much assistance

$1,000 to $15,000 for down payment and closing costs (Repayable Loan)

Eligibility

  • Income limits: Varies by county and household size based on Area Median Income (AMI)
  • First-time buyer required: No
  • Credit score minimum: 640
  • Geographic restrictions: Statewide. Must be used with an ADFA StartSmart or Move-Up first mortgage.
  • Homebuyer education required: Yes

How to Apply for ADFA Down Payment Assistance Program

Step 1: Apply through an ADFA-approved lender at the same time as your ADFA StartSmart or Move-Up first mortgage. Must complete homebuyer education.

Visit program website

Notes

Second mortgage with a 10-year term matching the first mortgage rate. Available to both StartSmart (first-time) and Move-Up (repeat) borrowers.

Available Statewide In