Arkansas Dream Down Payment Initiative (ADDI)

Arkansas Development Finance Authority (ADFA)

Available Down Payment

About This Program

Provides down payment and closing cost assistance to first-time homebuyers purchasing a home in Conway or anywhere in Arkansas. The assistance is provided as a forgivable second mortgage that is forgiven over 15 years of residency. Must be used with an ADFA first mortgage.

Forgivable loan for down payment and closing costs, forgiven over 15 years

Key Details

  • Up to $25,000 for down payment and closing costs
  • Must be first-time homebuyer
  • Forgivable over 15 years of residency
  • Combined with ADFA first mortgage
  • Income limits apply based on county

How to Apply

Get free help applying Visit Official Program Page Track this program

(501) 682-5900

A grant-savvy contractor in Conway, AR can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Deadline: Rolling applications through participating lenders

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