The Arkansas Dream Downpayment Initiative is downpayment assistance provided through HOME funding by HUD. With ADDI, qualifying Arkansans can be provided up to 6% of the purchase price of their home, not to exceed $10,000.  It is a second mortgage loan with no monthly payment and is forgivable over five years.

How do I qualify for ADDI?

  1. Must be a First Time Homebuyer. (Have not been a homeowner in the past three years.)
  2. Household income limits not above maximum.
     *  2016 County Income Limits for the ADDI Program - pdf
  3. Must be used with HometoOwn or Mortgage Credit Certificate Program, or both.
  4. Homebuyer counseling class (8 hours) is required prior to closing.
            *  Homebuyer Counseling Agencies - pdf
  5. Must use an approved lender.
            *  Participating Lender List - pdf

Single Family Staff available to assist you: