First Time Homebuyer Programs in Arkansas
by:
Michael SaundersEvery good and efficient state government requires an able and separate office or authority that is especially designed to assist residents in acquiring homes and properties in reasonable rates and efficient mortgage payment plans.
In Arkansas, this agency is the Arkansas Development Finance Authority, otherwise referred to as the ADFA, which was established through the Arkansas Development Finance Authority Act.
The Arkansas Development Finance Authority was primarily created to develop safe, decent and affordable housing for low and moderate income Arkansans. The authority's primary goal is to administer funding in the form of tax exempt bonds and other debt instruments through several programs which are divided into three main categories: Economic Development, Homeownership, and Affordable Rental Housing.
Some of the most notable first time homebuyer programs of the ADFA are the following:
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First Time Homebuyer Programs in Arkansas
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About The Author
Michael Saunders is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs.
He also maintains Websites providing resources on
environmental grants and grants for youth programs.
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Additional Resources
category - Home Buying Programs
California Homebuyer's Downpayment Assistance Program for First Time Home BuyersThe California Homebuyer's Downpayment Assistance Program is a deferred payment junior loan that can be used in conjunction with other CalHFA housing programs. It provides borrowers with funds amounting to 3% of the actual value of the property that they wish to inquire in order to cover the downpayment costs.
State of New York Mortgage Agency The State of New York Mortgage Agency, otherwise referred to as SONYMA, is an agency established in the year 1970 in an attempt to address the shortages of funds within private banking systems that are specifically intended for residential mortgages within the State of New York.
First Time Homebuyer Programs in ArkansasThe Arkansas Development Finance Authority was primarily created to develop safe, decent and affordable housing for low and moderate income Arkansans. The authority's primary goal is to administer funding in the form of tax exempt bonds and other debt instruments through several programs which are divided into three main categories: Economic Development, Homeownership, and Affordable Rental Housing.
First Time Homebuyer Programs in New HampshireThe State of New Hampshire gives great importance to the welfare and safety of its people. One of the ways of showing this is through the establishment of the New Hampshire Housing Finance Authority, which is specially designed to assist low to moderate income residents of New Hampshire in the process of procuring safe and affordable housing opportunities.