AHFA Down Payment Assistance

Arkansas Housing Finance Authority

Available Down Payment

About This Program

Provides down payment and closing cost assistance for first-time homebuyers purchasing in Arkansas. Assistance is provided as a second mortgage with 0% interest, forgiven after 10 years of occupancy.

Second mortgage covers down payment and closing costs, forgiven after 10 years

Key Details

  • Forgivable second mortgage for down payment and closing costs
  • Must be first-time homebuyer (3-year lookback)
  • Income limits typically 80-115% AMI depending on county
  • Forgiven after 10 years of continuous occupancy
  • Must complete homebuyer education course

How to Apply

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

Deadline: Ongoing, subject to funding availability

Need a Contractor for This Grant?

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

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