Down Payment Assistance Program

For many Arkansans, the largest obstacle to homeownership is saving for down payment and closing costs. To help, the Arkansas Development Finance Authority (ADFA) created the Down Payment Assistance (DPA) Program.

ADFA has down payment assistance for qualifying applicants of an "ADFA StartSmart" or “ADFA Move-Up” first mortgage. The DPA ranges from $1,000 to $15,000 for down payment and closing cost assistance. Cash back to the borrowers is allowed for expenses "paid outside of closing" (POC).

This program is a second mortgage, matching the first mortgage, with a 10-year term.