Arkansas

Down payment assistance for Arkansas

One program listed below can help with the cost of buying a home in Arkansas, and it can sit inside a riba-free structure.

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Arkansas Development Finance Authority

ADFA's down payment assistance program provides Arkansans an opportunity to become proud home owners by overcoming a major obstacle in the process. Qualified applicants can get from $1,000 to $15,000 to cover down payment and closing costs, with cash back option available for expenses paid outside of closing.

Learn more about the program here

Requirements

Must be a first-time home buyer

Household income must fall within county or state medians

Must occupy purchased home as primary residence within 60 days from closing

Complete a HUD-approved home buyer education counseling course

For single-family home, townhouse, or FHA-approved condominiums

Available programs

Features of Sharia-compliant programs

Through partnerships with investors, ijaraCDC offers a diverse list of programs that will fit the needs of any Muslim home buyer.

No Credit Program

Get a home even without established credit history.

Low Credit Program

Low credit score? No problem!

VA Program

Take advantage of VA housing offers for veterans.

Down Payment Assistance

Get up to 3.5% grant for your down payment.

USDA 100% Financing

100% financing for homes in USDA-designated areas.

Physician Program

Helping residents reside in their forever homes the sharia way.

Frequently asked questions

Arkansas down payment questions

Our team answers by phone or email during business hours, and confirms what is available where you are buying.

Is down payment assistance available in Arkansas?

Yes. The program listed above can help with the cost of buying in Arkansas, and ijara CDC can pair it with a riba-free structure.

Can DPA be used with Sharia-compliant financing?

Yes. The assistance covers your contribution to the co-ownership, and the agreement itself stays free of riba.

How much can I receive?

It depends on the program and your household income. Contact us for the current position where you are buying.

How long does pre-qualification take?

About ten minutes, and it does not affect your credit.

What can I finance in Arkansas?

Residential and commercial property, plus residential and auto conversions from an existing riba-bearing loan.