Arkansas homebuyers can access up to $10,000 in down payment assistance through the Arkansas Development Finance Authority (ADFA). On the state's $197,800 median home price, that covers roughly 25% of a standard 20% down payment.
Primary Program: ADFA Move-Up Program
maximum assistance
Forgiven after 5 years if you remain in the home as your primary residence.
- Administering Agency
- Arkansas Development Finance Authority (ADFA)
- Purchase Price Cap
- $424,100
- Forgiveness Term
- 5 years
How Down Payment Assistance Works
Most state DPA programs are layered on top of a first mortgage — you apply through an approved lender who originates both the primary loan and the DPA second lien at the same closing. The DPA funds reduce the cash you need upfront.
Grants
Free money — no repayment ever. Typically the smallest amounts but highest value.
Forgivable Loans
Balance forgiven after a set period (usually 3–15 years) if you stay in the home. Selling early triggers repayment.
Deferred Loans
No monthly payments. Balance due when you sell, refinance, or pay off your mortgage.
Down Payment Calculator
Down Payment Planner
Arkansas median pre-loaded
Your Savings Plan
Timeline
6.7 yrs
saving $500/mo
No PMI at 20% down
20% or more avoids private mortgage insurance entirely.
Estimate only — does not include investment returns on savings.
Full Calculator →Frequently Asked Questions
What down payment assistance is available in Arkansas?
Arkansas's primary DPA program is the ADFA Move-Up Program, administered by the Arkansas Development Finance Authority (ADFA). It provides up to $10,000 as a forgivable loan. Forgiven after 5 years if you remain in the home as your primary residence.
How much down payment do I need in Arkansas after using DPA?
On a $197,800 home (Arkansas median), a 20% down payment is $39,560. With the ADFA Move-Up Program covering $10,000, your remaining gap would be $29,560. Many buyers combine DPA with a 3–5% conventional or FHA loan to reduce their cash needed further.
Do I have to repay Arkansas down payment assistance?
Forgiven after 5 years if you remain in the home as your primary residence.
Can I combine Arkansas DPA with other assistance programs?
Yes — Arkansas's DPA programs can generally be combined ("stacked") with local city and county assistance programs, employer homebuyer benefits, and federal programs. Check with an approved lender or HUD-approved counselor to identify all programs you qualify for.
What are the income limits for Arkansas down payment assistance?
The ADFA Move-Up Program uses a dollar-based income limit rather than a percentage of AMI. Check the Arkansas Development Finance Authority (ADFA) website for current limits in your area.
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