“ADFA MOVE-UP” LOAN PROGRAM

Unlock the doors to your dream home with the "Move Up" Program. This program offers homebuyers, an affordable mortgage. that pairs seamlessly with ADFA's Down Payment Assistance (DPA) Program.

PROGRAM INFORMATION

Type of Loan:

First Mortgage (FHA, VA, Conventional, and RD)

Interest Rates:

(rates subject to change without notice)

Find a Participating Lender

Loan Term:

30-year fixed rate with no prepayment penalty

Maximum Purchase Price:

$424,100 - Arkansas conventional conforming loan limit - loans that will be sold to either Fannie Mae or Freddie Mac are called conventional loans. In short, if the mortgage is not an FHA, VA (Veteran’s mortgage) or USDA (United States Department of Agriculture) loan, it’s probably a conventional mortgage loan.

Minimum Credit Score:
640

SINGLE FAMILY STAFF

DENISE WELLS

Assistant Single Family Program Manager

Send an email to Denise Wells 501-682-5466

DERRICK ROSE

Marketing & Communications

Send an email to Derrick Rose 501-682-5904

JASON FORD

Single Family Underwriter

Send an email to Jason Ford 501-682-5860

Kim Edmonson

Single Family Underwriter

Send an email to Kim Edmonson 501-682-1228

ADDITIONAL PROGRAMS

ADFA STARTSMART FIRST TIME HOMEBUYER PROGRAM

The StartSmart Program offers a below market interest rate mortgage to: (1) qualified low-to-moderate income first time homebuyers, (2) individuals purchasing a home in one of 30 targeted counties, and/or (3) veterans or spouse of a veteran.

More About StartSmart

ADFA DOWN PAYMENT ASSISTANCE PROGRAM (DPA)

The ADFA Down Payment Assistance Program (DPA) can provide up to $15,000 for down payment and closing cost assistance. ADFA's Down Payment Assistance (DPA) Loan is a second mortgage with a 10-year term. It carries the same interest rate as the "ADFA Move-Up" Loan Program.

More About DPA Program

COMING SOON

ADFA Is diligently working to create and provide new homebuyer programs and assistance initiatives. Stay tuned for the next big announcement.

Back to Available Programs

ADFA APPROVED LENDERS

Tell us the city you want to live in, and we’ll show you a list of trusted lenders in your area and help you get started on your homeownership journey.

Get Started