Move-Up Loan Program
Unlock the doors to your dream home with the "Move Up" Loan Program. The Move-Up Program offers homebuyers, an affordable mortgage that pairs seamlessly with ADFA's Down Payment Assistance (DPA) Program.
Type of Loan:
First Mortgage (FHA, VA, Conventional, and RD)
Loan Term:
30-year fixed rate with no prepayment penalty
Interest Rates:
Rates subject to change without notice.
Homebuyers who qualify for a Move-Up first mortgage can pair it with ADFA Down Payment Assistance.
Eligible Borrower
Property must be used as buyer’s primary residence.
There is no first time homebuyer requirement qualify for a Move-Up first mortgage.
A borrower’s qualifying income cannot exceed $142,000.
You must have a minimum credit score of 640.
Maximum Purchase Price:
$424,100 – Arkansas conventional conforming loan limit – loans that will be sold to either Fannie Mae or Freddie Mac are called conventional loans. In short, if the mortgage is not an FHA, VA (Veteran’s mortgage) or USDA (United States Department of Agriculture) loan, it’s probably a conventional mortgage loan.
Minimum Credit Score:
640