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ADFA, buyer, finances & mortgages, first time buyer tips, first time home buyer, fort smith new home, fort smith real estate, fort smith real estate marketPublished October 3, 2025
First-Time Home Buyer? Here’s How ADFA Can Help You Buy a Home in Fort Smit
Are you dreaming of owning your first home in Fort Smith but worried about the costs and process?
You’re not alone! Many people feel the same way, but the Arkansas Development Finance Authority (ADFA) has programs designed to help make homeownership possible—even if you don’t have a big savings account.
What is ADFA?
ADFA is a state agency that helps Arkansans buy homes by making it easier to afford upfront costs, like your down payment and closing costs. Their programs are especially helpful for first-time buyers who are new to the process.
How Can ADFA Help You?
- Down Payment Assistance (DPA):
ADFA can provide up to $15,000 to help with your down payment and closing costs. This means you don’t need to save as much money before you start searching for a home. - Affordable Home Loans:
ADFA offers special home loans with competitive interest rates, making your monthly payments more manageable.
Why This Matters in Fort Smith
- Many homes in Fort Smith sell for under $200,000, with the median sold price for entry-level homes recently around $145,000.
- With ADFA’s help, first-time buyers can cover a significant part of their upfront costs, making it easier to move forward with confidence.
Who Can Use ADFA Programs?
- Most programs are for people who haven’t owned a home in the past three years.
- Income and purchase price limits apply, but many first-time buyers in Fort Smith will qualify.
How to Get Started:
- Talk to an ADFA-approved lender: They’ll explain what you qualify for and guide you through the process.
- Connect with a local real estate agent: An agent can help you find the right home and support you every step of the way.
Final Thoughts:
Buying your first home in Fort Smith is more achievable than you might think, especially with ADFA’s support. If you want to learn more or need help getting started, reach out—we’re here to guide you every step of the way!
Let me know if you’d like any additional details or a market snapshot to include!
Are you dreaming of owning your first home in Fort Smith but worried about the costs and process?
You’re not alone! Many people feel the same way, but the Arkansas Development Finance Authority (ADFA) has programs designed to help make homeownership possible—even if you don’t have a big savings account.
What is ADFA?
ADFA is a state agency that helps Arkansans buy homes by making it easier to afford upfront costs, like your down payment and closing costs. Their programs are especially helpful for first-time buyers who are new to the process.
How Can ADFA Help You?
- Down Payment Assistance (DPA):
ADFA can provide up to $15,000 to help with your down payment and closing costs. This means you don’t need to save as much money before you start searching for a home. - Affordable Home Loans:
ADFA offers special home loans with competitive interest rates, making your monthly payments more manageable.
Why This Matters in Fort Smith
- Many homes in Fort Smith sell for under $200,000, with the median sold price for entry-level homes recently around $145,000.
- With ADFA’s help, first-time buyers can cover a significant part of their upfront costs, making it easier to move forward with confidence.
Who Can Use ADFA Programs?
- Most programs are for people who haven’t owned a home in the past three years.
- Income and purchase price limits apply, but many first-time buyers in Fort Smith will qualify.
How to Get Started:
- Talk to an ADFA-approved lender: They’ll explain what you qualify for and guide you through the process.
- Connect with a local real estate agent: An agent can help you find the right home and support you every step of the way.
Final Thoughts:
Buying your first home in Fort Smith is more achievable than you might think, especially with ADFA’s support. If you want to learn more or need help getting started, reach out—we’re here to guide you every step of the way!
Elizabeth Burgess The Price Group Keller Wiliams Platinum Realty 918-240-4651
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