Disclaimer Introduction
This is for information purposes only and does not include all eligibility requirements for all programs.  Please contact a participating lender or the program administrator for further details.  All programs require the home be the buyers primary residence and they must attend an 8-hour homebuyer education course.

*      5.375% 30 Year Fixed Rate with 1% discount- as of 3/10/08 for current rate

              go to http://www.state.ar.us/adfa

 

*      Sales Price Limit: $200,160

 

*      Must be under "Bond Income Limits"

 

*      Must be a first-time homebuyer if purchasing in Sebastian County (Not Crawford County)

 v     A first-time homebuyer is someone who has not had ownership interest in a primary residence in the         

          last three years.

 

 *      Recapture Tax Reimbursement (Pending approval)

      v     New provision says if any buyer is required to pay recapture tax, ADFA will pay for them. 

 

Arkansas Development Finance Authority (Bond Money)
For Income Limits on each individual program click on the links below: