ADFA Down Payment Assistance Program

Arkansas Development Finance Authority

Available Down Payment

About This Program

State program providing down payment and closing cost assistance to first-time homebuyers in Arkansas. Assistance provided as forgivable second mortgage, forgiven after 10 years. Must be used with ADFA first mortgage loan.

Forgivable second mortgage for down payment and closing costs, no monthly payment

Key Details

  • Up to $15,000 for down payment and closing costs
  • Forgivable after 10 years
  • Must be first-time homebuyer
  • Income at or below 120% AMI
  • Used with ADFA first mortgage

How to Apply

Get free help applying Visit Official Program Page Track this program

(501) 682-5900

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Deadline: Ongoing subject to funding availability

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