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ADFA Move-Up Loan Program

Arkansas Development Finance Authority (ADFA) · Arkansas

Last verified
See what you qualify forOfficial program site →
Income limit

$142,000

The household income limit the program publishes

What is ADFA Move-Up Loan Program?

ADFA Move-Up Loan Program is a first mortgage for homebuyers in Arkansas, administered by Arkansas Development Finance Authority (ADFA).

  • The ADFA Move-Up Loan Program offers an affordable 30-year fixed-rate first mortgage that pairs with ADFA's Down Payment Assistance Program. There is no first-time homebuyer requirement. Available statewide through ADFA-approved lenders.
  • 30-year fixed-rate first mortgage with no prepayment penalty; can be combined with ADFA Down Payment Assistance.

Do you have to pay it back?

ADFA Move-Up Loan Program is a first mortgage and is repaid under the terms set by Arkansas Development Finance Authority (ADFA).

  • The assistance is recorded in first position.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

ADFA Move-Up Loan Program is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • A minimum 640 credit score
  • No first-time homebuyer requirement. Borrower qualifying income cannot exceed $142,000. Property must be the buyer's primary residence. Minimum credit score 640. Must use an ADFA-approved lender.

The program excludes

  • Households above $142,000

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

ADFA Move-Up Loan Program limits household income to $142,000.

  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

ADFA Move-Up Loan Program caps the purchase price as follows: Arkansas conventional conforming loan limit (Fannie Mae/Freddie Mac); FHA/VA/USDA loans follow their respective limits.

Where does it apply?

ADFA Move-Up Loan Program serves buyers purchasing anywhere in Arkansas.

How do you apply?

Applications for ADFA Move-Up Loan Program go through Arkansas Development Finance Authority (ADFA), which publishes the current terms and the application steps on its own site.

  1. Contact Arkansas Development Finance Authority (ADFA) to reserve funds

    Funds are reserved with the provider and are subject to availability.

  2. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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