ADFA PROGRAMS

ADFA Homeownership and Down Payment Assistance Programs make purchasing a home more affordable for low-to-moderate income families and individuals. For eligible borrowers, these programs can greatly reduce the out-of-pocket expense to the buyer.

ADFA HOMEOWNERSHIP PROGRAMS

“ADFA MOVE-UP”
LOAN PROGRAM

The "ADFA Move-Up" Loan Program offers homebuyers an affordable mortgage. And when using an “ADFA Move-Up” loan, borrowers may be eligible to combine it with other ADFA single family home buying incentives.

ADFA MCC - MORTGAGE CREDIT CERTIFICATE PROGRAM

The ADFA MCC Program is a dollar-for-dollar tax credit for first time, low-to-moderate income homebuyers. The certificate is issued by ADFA and allows qualifying homebuyers to claim a tax credit of up to 50% of the mortgage interest paid per year.

ADFA DOWN PAYMENT ASSISTANCE PROGRAMS

ADFA DOWN PAYMENT ASSISTANCE PROGRAM (DPA)

The ADFA Down Payment Assistance Program (DPA) can provide up to $10,000 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.

ARKANSAS DREAM DOWN PAYMENT INITIATIVE (ADDI)

The Arkansas Dream Down Payment Initiative (ADDI) provides lower income homebuyers in Arkansas, who qualify, up to 6% of the purchase price of their home, not to exceed $10,000. It is a second mortgage loan with no monthly payment that is forgivable over five years.