Arkansas Dream Down Payment Initiative

Arkansas Housing Finance Authority

Available Down Payment

About This Program

Forgivable second mortgage providing down payment and closing cost assistance to first-time homebuyers in Arkansas. Loan is forgiven after 5 years of occupancy. Must be used with AHFA first mortgage loan.

Down payment assistance amount based on purchase price, forgiven after 5 years

Key Details

  • Up to $20,000 forgivable down payment loan
  • For first-time homebuyers in Arkansas
  • Forgiven after 5 years of occupancy
  • Must use AHFA first mortgage
  • Income limits apply by county

How to Apply

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

Deadline: Rolling, subject to fund availability

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 Magnolia, AR

This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.

See All Programs