The Arkansas Development Finance Authority (ADFA) offers assistance to homebuyers who can afford a mortgage, but not the upfront costs of the down payment or closing costs. Applicants are granted a loan amount of $1,000 to $6,000 in order to afford their mortgage. 

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Arkansas Development Finance Authority

Financial Assistance for Homebuyers in Arkansas

The Arkansas Development Finance Authority (ADFA) offers assistance to homebuyers who can afford a mortgage, but not the upfront costs of the down payment or closing costs. With the ADFA’s Down Payment Assistance (DPA) program, applicants are granted a loan amount of $1,000 to $6,000 in order to afford their mortgage.

This assistance comes in the form of a second mortgage with a 4% interest rate (subject to change) with a 10-year term. Borrowers must successfully complete a Home Buyers Counseling Program to be eligible for the DPA program.


ADFA Approved Homebuyer Counseling Agencies

Arkansas River Valley Area Council, Inc. (ARVAC)
613 N. 5th St, P.O. Box 808
Dardanelle, AR 72834-3400

Better Community Development, Inc. (BCD, Inc.)
3805 West 12th St, Suite 203
Little Rock, AR 72204

Boys, Girls, Adults Community Dev. Center
PO Box 1356
Marvell, AR 72366

Community Resources Tech
800 Scott St., P.O. Box 3616
Little Rock, AR 72203-4614

Crawford-Sebastian Community Dev. Council
4831 Armour St., P.O. Box 4069
Fort Smith, AR 72904-452

Credit Counseling of Arkansas
1111 Zion Rd
Fayetteville, AR 72703-5013

Dream Makers Housing Counseling Agency, Inc.
P.O. Box 9115
Pine Bluff, AR 71611

Dream Makers Housing Counseling Agency, Inc.
10515 W. Markham, Suite H6
Little Rock, AR 72205

Family Service Agency (CCCS, Inc.)
528 W. Broadway, St. 102
North Little Rock, AR 72114

HOME Source, Inc.
3950 Highway 7 North
Hot Springs, AR 71909

In Affordable Housing, Inc.
108 S. Rodney Parham
Little Rock, AR 72205-4708

Jonesboro Urban Renewal & Housing Authority
330 Union St
Jonesboro, AR 72401-2815

Mississippi County Arkansas EOC.
P.O. Box 1289 (Sub-Grantee of ADFA)
Blytheville, AR 72316

Northwest Regional Housing Authority
P.O. Box 2568
114 Sisco Avenue
Harrison, AR 72602-2568

Promise Land CDC
P.O. Box 195826
Little Rock, AR 72219

Southern Bancorp Community Partners
502 Cherry Street
Helena, AR 72342

United Housing
2750 Colony Park Drive
Memphis, TN 38118

Universal Housing Development
307 E. 3rd St, P.O. Box 846
Russellville, AR 72801-5109

Down Payment Grants in Arkansas

The Arkansas Development Finance Authority (ADFA) offers assistance to homebuyers who can afford a mortgage, but not the upfront costs of the down payment or closing costs. Applicants are granted a loan amount of $1,000 to $6,000 in order to afford their mortgage.