Arkansas first-time home buyer programs
Arkansas Development Finance Authority lists 1 program that help buyers in Arkansas with the down payment or closing costs. Amounts and terms are shown as the agency publishes them.
- Programs from the agency
- 1
- Biggest amount listed
- $15,000
- First-time buyers only
- None of them
- Income caps
- Set per program
Down payment assistance programs in Arkansas
| Program | Amount | Grant or loan | Income limit | First-time buyers only |
|---|---|---|---|---|
| Down Payment Assistance Loan Program. With an ADFA StartSmart or ADFA Move-Up first mortgage. | Up to $15,000 | Repayable loan: A second mortgage at the same interest rate as your main home loan, repaid over 10 years. | No income limit of its own, but your main home loan's income limit still applies. | No |
Usually, "first-time buyers only" means you haven't owned a home during the past three years, though every program sets a rule of its own. The name of each program links to a Arkansas Development Finance Authority page that says whether applications are open right now. The agency also maintains its own list of participating lenders. Compare down payment assistance programs across all states, or ask a lender that works with Arkansas's programs.
How do you repay Arkansas's programs?
- Repayable loan: a small second mortgage you pay back monthly, usually along with your first mortgage payment.
How does your income compare with Arkansas's caps?
Every program has its own income cap, which the table shows, and the exact chart is on that program's agency page. Use the HUD income limits lookup (FY2026) to find the figure for your county and household size. If a program relies on its own county chart or Freddie Mac's, the result can differ from HUD's number, and the agency's chart decides.
| HUD area | Median family income | HUD low-income limit |
|---|---|---|
| Little Rock-North Little Rock-Conway | $93,700 | $74,950 |
| Fayetteville-Springdale-Rogers | $106,900 | $85,500 |
| Fort Smith | $76,800 | $61,450 |
| Memphis | $92,700 | $74,150 |
| Grant County | $92,100 | $73,700 |
Talk to a lender that works with Arkansas programs
These programs are paid out through the agency's approved lenders, so the lender is your next step. Tell us where you're buying and a lender that works with Arkansas's programs can explain which ones fit you.
Rather not call? Send your details and the lender will reach you.
Are you buying near a state border?
Louisiana, Missouri, Mississippi, Oklahoma, Tennessee, Texas or programs for all 50 states plus DC.