Arkansas Down Payment Assistance

Arkansas Development Finance Authority

Available Down Payment

About This Program

Forgivable second mortgage loan to help Arkansas first-time homebuyers with down payment and closing costs. Loan is forgiven after 15 years of occupancy. Can be combined with ADFA first mortgage programs for maximum assistance.

Forgivable loan up to $15,000 or 3.5% of purchase price, forgiven after 15 years

Data last verified 2026-06-09. How we verify our data.

Key Details

  • Up to $15,000 or 3.5% of purchase price
  • Forgivable loan after 15 years of occupancy
  • For first-time homebuyers in Arkansas
  • Can combine with ADFA first mortgage
  • Income and purchase price limits apply

How to Apply

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

Deadline: Ongoing, subject to funding availability

Questions about this program?

Ask us. It is free, and a real person answers within a business day.

Email us about this program

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 Malvern, AR

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

See All Programs