ADFA Down Payment Assistance — How Arkansas First-Time Buyers Use It

What ADFA DPA is

Arkansas Development Finance Authority Down Payment Assistance is a second mortgage that covers down payment and closing costs, paired with an ADFA-approved first mortgage. The amount varies by program year and track (forgivable, repayable, or subordinate).

Who qualifies

Arkansas first-time buyers and move-up buyers within ADFA’s county-level income caps and purchase-price caps. Minimum credit matches the underlying first mortgage (typically 640 conventional, 580 FHA).

How it stacks

DPA layers on top of FHA, VA, USDA, or conventional first mortgages — same borrower, two simultaneous loans, one closing. The first mortgage covers most of the purchase; DPA covers down payment and some closing costs.

ADFA-approved originators

Not every Arkansas originator is ADFA-approved. The paperwork and timing are specific. Verify your originator is approved before you apply.

Confirm ADFA program eligibility →