Arkansas - Government Backed Loans

The Arkansas Development Finance Authority (ADFA) administers funding in the form of tax exempt bonds and other debt instruments through its series of program activities. A Board of directors governs ADFA and is composed of the State Treasurer, Director of the Department of Finance and Administration and eleven public members whom the governor appoints.

Refinance Programs

HOME Program

The HOME Program is a Federally funded grant program designed to assist low- to very low-income families within Arkansas through financing to purchase a home, as well as assist current homeowners with rehabilitation costs.

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Purchase Programs

HomeToOwn Program

The Arkansas Development Finance Authority (ADFA) has created the HomeToOwn Program in order to provide tax-exempt mortgage revenue bonds to local lenders, who then pass these onto qualifying, first-time, low- to moderate-income homebuyers who benefit from mortgages with lowered interest rates.

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Downpayment Assistance Program - DAP

The Arkansas Development Finance Authority knows that for many of its citizens, the initial cost of a downpayment is the only thing holding them back from achieving homeownership. The Downpayment Assistance Program offers funds for borrowers who have qualified for a first mortgage, but need assistance with a downpayment.

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American Dream Downpayment Initiative - ADDI

The American Dream Downpayment Initiative is a Federally funded program designed to give low- to moderate-income families the opportunity to own their first home. The main goal with ADDI is to increase homeownership, as well as revitalize and stabilize communities throughout the state of Arkansas.

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