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ADFA Down Payment Assistance

Arkansas

Available Assistance

With the ADFA’s Down Payment Assistance (DPA) program, applicants are provided with funds between $1,000 to $6,000, to be put toward covering some or all of the down payment, closing costs, or prepaid items. This assistance comes in the form of a 10-year, second mortgage with a 4 percent interest rate (subject to change without notice). Cashback to the borrowers is allowed for expenses “paid outside of closing” (POC).

Eligibility Requirements

Qualifying applicants using an ADFA Move-Up home loan can receive benefits of the DPA program. They must successfully complete a home buyers counseling program prior to closing to be eligible.

Property Guidelines

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