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 program asks for
- 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.
- A home in Arkansas
It doesn’t cover
- 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.
Income limit
$142,000 household income limit, as the program publishes it
The program states this limit itself. Its official site says how household size changes it.
Where it applies
Arkansas’s homesThe homes in Arkansas
- 70% single-familysingle-family
- 1.9% townhousetownhouse
- 6.5% 2–4 units2–4 units
- 10.5% 5+ unitscondo & apartment buildings (5+ units)
- 11.2% mobile & othermobile home & other
$188,000
Arkansas median home value
39.6%
built before 1980
U.S. Census Bureau, ACS 2024 5-year.
How to apply
How to applyTwo steps, in this order
Contact Arkansas Development Finance Authority (ADFA) to reserve funds
Funds are reserved with the provider and are subject to availability.
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 homebuyer can take it to a lender or housing counselor.
Questions about this program
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 homebuyers who will live in the home as their primary residence. The program lists a minimum credit score of 640. 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.
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 homebuyers 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. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.
Also for Arkansas homebuyersOther programs open to Arkansas homebuyers
- FHLB Dallas Homebuyer Equity Leverage Partnership (HELP)Up to $20,000
- Southern Bancorp Wealth Builders for Everyone Down Payment Assistance ProgramUp to $12,000
- Arkansas Dream Downpayment Initiative (ADDI)Up to $10,000
Whether two programs can be combined is up to each agency. Ask before you apply.
All 71 programs for ArkansasProgram terms are set by Arkansas Development Finance Authority (ADFA) and can change; confirm on the official site before you apply.