Jonesboro Homeownership Assistance Program

Administered by: City of Jonesboro Grants & Community Development Department · City · Forgivable Loan

Funding status: Active

How much assistance

Up to $5,000 for down payment and closing costs (Forgivable Loan)

Forgiven after 3 years of owner-occupancy.

Eligibility

  • Income limits: Must meet HUD income limits for low-to-moderate income households
  • First-time buyer required: Yes — Must not have owned a home in the past 3 years.
  • Geographic restrictions: Property must be located within the city limits of Jonesboro, AR. Property cannot be located within a flood zone and must meet HUD Minimum Housing Quality Standards.
  • Homebuyer education required: Yes

How to Apply for Jonesboro Homeownership Assistance Program

Step 1: Contact the Program Manager at 870-336-7170 or grants@jonesboroAR.gov. Complete a Homebuyer Education Course with a HUD-approved counseling service. Get pre-approved with an approved lender. Find a home within Jonesboro city limits. Assistance is paid directly to the title company at closing.

Visit program website

Notes

Funded through CDBG (Community Development Block Grant) funds. Nearest HUD-approved counseling agency is the Mississippi County Arkansas Economic Opportunity Commission in Blytheville.

Cities Where This Program Is Available