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 | 6.50% | Find a Lender |
| ADFA Move-Up Program: Conventional Loan Rate Below 80% AMI Learn More | 30-Year HFA | 6.75% | Find a Lender |
| ADFA Move Up Program: Conventional Loan Rate Above 80% AMI Learn More | 30-Year HFA | 6.875% | 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
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)...
STATE SMALL BUSINESS CREDIT INITIATIVE (SSBCI)
The Arkansas Development Finance Authority (ADFA) is the implementing entity for the State of Arkansas...