The Arkansas Dream Downpayment Initiative (ADDI) is downpayment assistance provided through HOME funding by HUD. With ADDI, qualifying Arkansans can be provided up to 6% of the purchase price of their home, not to exceed $10,000.  It is a second mortgage loan with no monthly payment and is forgivable over five years.

ADDI can be used with ADFA Move-Up and also with the ADFA MCC - Mortgage Credit Certificate Program .

How do I qualify for ADDI?

  1. Household income limits not above maximum.
     *  2017 County Income Limits for the ADDI Program 
  2. Pre-Purchase Homebuyer Education Class (8 hours) is required prior to closing.
            *  Homebuyer Counseling Agencies
  3. Must use an approved lender.
            *  Participating Lender List 
  4. Must qualify for a mortgage.

Single Family Staff available to assist you:

Barbara Whittaker - 501-682-5930
Dean Norman - 501-682-5935
Denise Wells - 501-682-5466
Derrick Rose - 501-682-5904
Andrew Branch, VP of Housing, 501-682-5860 

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