ARKANSAS DREAM DOWN PAYMENT INITIATIVE (ADDI)

ADDI is down payment assistance provided through HOME funding by HUD.

HOW TO QUALIFY

  1. Household income limits not above maximum.
  2. Purchase Price Limits based on property type.
  3. Pre-Purchase Homebuyer Education Class (8 hours) is required prior to closing. Contact one of the HUD Approved Homebuyer Counseling Agencies who will help you assess.
  4. Must use an approved lender.
  5. Must qualify for a mortgage.

SINGLE FAMILY STAFF

DENISE WELLS
Assistant Single Family Program Manager Send an Email 501-682-5466
LESLIE QUISENBERRY
Single Family Underwriter Send an Email 501-682-5930
WHITNEY BARWICK
Single Family Underwriter Send an Email 501-682-5860
Candace Smith
Single Family Underwriter Send an Email 501-682-5935
Sharora Jones
Single Family Underwriter Send an Email 501-682-5923

PRE-PURCHASE HOMEBUYER EDUCATION CLASS

If you are using the Arkansas Dream Down Payment Initiative (ADDI) or if you are a first-time homebuyer using an HFA Preferred Conventional mortgage with the (ADFA Down Payment Assistance (DPA) Program to purchase a home, ADFA requires borrowers take a "Pre-Purchase Homebuyer Education Class" where a certificate will be issued upon completion.

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