Explore ADFA Programs
Participating lenders originate, process and close all ADFA homebuyer loans. Most lenders will prequalify a potential homebuyer before they purchase a home. Get in touch with an ADFA approved lender who will match you with the program that best meets your needs.
StartSmart First-Time Homebuyer Program
The StartSmart Mortgage Loan Program offers a below market interest rate mortgage to: (1) qualified low-to-moderate income first time homebuyers, (2) individuals purchasing...
Move-Up Loan Program
The "ADFA Move-Up" Loan Program offers homebuyers an affordable mortgage. And when using an “ADFA Move-Up” loan, borrowers may be eligible to combine it with other ADFA...
Down Payment Assistance Program
The ADFA Down Payment Assistance Program (DPA) can provide up to $15,000 for down payment and closing cost assistance. ADFA's Down Payment Assistance (DPA) Loan...
Current Loan Rates
| Loan Programs | Loan Term | Loan Rates | |
|---|---|---|---|
| ADFA StartSmart Program: Government Mortgage Loan Learn More | 30-Year Fixed Rate | 5.50% | Find A Lender |
| ADFA StartSmart Program: Freddie Mac Below 80% AMI Learn More | 30-Year Conventional Rate | 5.875% | Find a Lender |
| ADFA Move-Up Program: Government Mortgage Loan Lean More | 30-Year Fixed Rate | 6.375% | Find a Lender |
| ADFA Move-Up Program: Conventional Loan Rate Below 80% AMI Learn More | 30-Year HFA | 6.50% | Find a Lender |
| ADFA Move Up Program: Conventional Loan Rate Above 80% AMI Learn More | 30-Year HFA | 6.625% | Find a Lender |
We would not have been able to get the mortgage without down payment assistance. I know the StartSmart program is going to help us keep our monthly payment down and our overall cost.
Abraham S. StartSmart First-Time Homebuyer
Latest News
REQUEST FOR PROPOSALS – ADFA
General Grant Coordination and Project Management Community Development Block Grant – Disaster Recovery (CDBG-DR) INTRODUCTION...
NOTICE OF FINDING OF NO SIGNFICANT IMPACT AND NOTICE OF INTENT TO REQUEST RELEASE OF FUNDS
December 27, 2024 Arkansas Development Finance Authority1 Commerce Way, Suite 602Little Rock, AR 72202501-682-5900These notices...
NOTICE OF FUNDING AVAILABILITY FOR EMERGENCY SOLUTIONS GRANT (ESG) FUNDS
Notice of Funding Availability for Emergency Solutions Grant (ESG) FundsThe Arkansas Development Finance Authority (ADFA)...