City of Little Rock Down Payment Assistance Program

Administered by: City of Little Rock Housing and Neighborhood Programs · City · Forgivable Loan

Funding status: Active

How much assistance

Up to 6% of the purchase price, not to exceed $5,000 (Forgivable Loan)

Forgiven in equal installments over 60 months (5 years), conditioned on living in and remaining in the home.

Eligibility

  • Income limits: Must meet low to moderate income limits for the Little Rock area
  • First-time buyer required: Yes — Must not have owned any residential property within the last 3 years.
  • Geographic restrictions: Must purchase within the city limits of Little Rock, AR.
  • Homebuyer education required: Yes

How to Apply for City of Little Rock Down Payment Assistance Program

Step 1: Contact the City of Little Rock Housing and Neighborhood Programs at 501-371-6825. Complete a homebuyer counseling course acceptable to the City. Get pre-approved for a first mortgage through a bank or mortgage company.

Visit program website

Notes

Zero-interest deferred forgivable loan. Program availability may vary based on funding. As of March 2025, the program was temporarily not accepting new applications - verify current status with the city.

Cities Where This Program Is Available