Arkansas First-Time Homebuyer MCC

Arkansas Development Finance Authority (ADFA)

Available Down Payment

About This Program

Mortgage Credit Certificate (MCC) program providing first-time homebuyers in Conway a federal tax credit equal to 30% of annual mortgage interest paid, up to $2,000 per year. Can be claimed every year for the life of the mortgage. Reduces federal income tax liability dollar-for-dollar.

Annual tax credit equals 30% of mortgage interest paid, up to $2,000/year

Key Details

  • 30% of mortgage interest as federal tax credit
  • Up to $2,000 annually for life of loan
  • Must be first-time homebuyer
  • Available with any lender
  • Income and purchase price limits apply

How to Apply

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: Available through participating lenders

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

Find More Programs in Conway, AR

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