Attention, first-time homebuyers in Arkansas. Discover a comprehensive list of specialized assistance programs tailored exclusively for residents of the Natural State. Explore down payment assistance programs, favorable mortgage solutions, and more resources to make homeownership accessible. Empower yourself with the knowledge and resources to navigate the Arkansas real estate market and find the perfect program for your needs.
State-Wide Programs
| Program | Assistance Offered | Who Should Apply | Assistance Type |
|---|---|---|---|
| Arkansas Dream Down Payment Initiative | Up to 10% of the purchase price of the home that can be used for down payment assistance | Any home buyers that can meet income requirements | Forgivable second mortgage |
| Arkansas Down Payment Assistance | Up to $10,000 in closing costs assistance | First time homebuyers that can meet income requirements | Second mortgage |
| Mortgage Credit Certificate | Reduces up to 50% in mortgage interest that you pay into federal taxes for the life of your loan | First time homebuyers or veterans that meet purchase price requirements | Tax credit |
City Programs
| City | Program | Assistance Offered | Who Should Apply | Assistance Type |
|---|---|---|---|---|
| Fort Smith | Down Payment and Closing Cost Assistance | Up to $6,000 in down payment and closing cost assistance | First time homebuyers | Second mortgage |
| Jacksonville | Home Program & Buyers Assistance | Up to $3,000 in closing costs | Any homebuyer buying within the city limits of Jacksonville | Grant |
| Jonesboro | Homeownership Assistance | Down payment and closing cost assistance - amount not specified | Any homebuyer buying within the city limits of Jonesboro | Grant |
| Little Rock | Down Payment Assistance Program | Up to $5,000 in down payment assistance | Any homebuyer that can meet income requirements | Forgivable loan |
| Pine Bluff | Home-buyer Assistance Program | Up to $5,000 in down payment closing costs assistance | Any homebuyer that can meet income requirements | Grant |
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