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ADFA "HomeToOwn" Program 

(ADFA's Mortgage Revenue Bond Program)

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Rates are subject to change daily.  Call 501-682-5900 for today's rate
1% Origination Fee to Lender
1% Discount Point to ADFA No Longer Collected

This rate is available only for new reservations on government loans (FHA, RD, VA). We are not accepting any reservations for conventional loan products.

Down Payment Assistance (DPA) Interest Rate subject to change daily

Our Single Family Staff is listed below, please do not
hesitate to call with any questions may have.

Murray Harding, Single Family Housing Manager
 501-682-5974
 murray.harding@adfa.arkansas.gov

Rachae Frye 501-682-5933
rachae.frye@adfa.arkansas.gov

Dean Norman 501-682-5935
dean.norman@adfa.arkansas.gov

Denise Wells 501-682-5466
denise.wells@adfa.arkansas.gov

Barbara Whittaker 501-682-5930
barbara.whittaker@adfa.arkansas.gov

HomeToOwn Program

  The purpose of ADFA's Single Family Housing Division is to supplement the private sector with the ability to provide safe, sound, and sanitary housing to as many low and moderate income households in Arkansas as possible. The Authority does this through the sale of tax-exempt mortgage revenue bonds thus lowering the interest rate that participating lending institutions are able to offer qualified homebuyers. Approximately 40 banks and over 120 locations, mortgage companies and savings and loan institutions participate in the program - Participating Lender List.

Borrower's income cannot exceed specified limits. These limits vary by county depending on the number in the family and where the property is located (see attached). Also, purchase price limits for new construction and for existing (previously occupied) housing is now the same for all counties, $250,000.

  The following types of loans are eligible in the program: FHA, V.A., and USDA Guaranteed Rural Housing Loans.

HomeToOwn Program Summary Sheet

  For more information about ADFA's HomeToOwn Program call Murray Harding, Single Family Manager at (501) 682-5974.

 

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