ADFA Down Payment Assistance Program

Acerca de Este Programa

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

Detalles Clave

• 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

Como Solicitar

Un contratista con experiencia en subvenciones en Springdale, AR puede encargarse del papeleo, las inspecciones y los plazos para que sus fondos se liberen a tiempo. La conexion es gratuita.

Deadline: Ongoing subject to funding availability