Arkansas Home Buying Guide
South Region · Non-Judicial Foreclosure State
Key Facts at a Glance
What Makes Arkansas Unique
Among the most affordable median home prices nationally
ADFA offers below-market interest rates
Homestead exemption up to $375 credit
First-Time Buyer Programs in Arkansas
ADFA Move-Up Program
Contact your state housing finance agency for current eligibility and rates
ADFA Down Payment Assistance
Contact your state housing finance agency for current eligibility and rates
Rural Development USDA Loans
Contact your state housing finance agency for current eligibility and rates
Program availability, income limits, and interest rates change frequently. Verify current terms with your lender or state housing finance agency.
Closing Costs in Arkansas
Attorney at Closing
Attorney Required at Closing
Arkansas requires a licensed real estate attorney to oversee the closing process. Budget $500–$1,500 for attorney fees.
Local Tips for Arkansas Buyers
Attorney at closing is required — budget $500–$1,000.
ADFA programs have income limits, typically 80% of AMI.
Rural buyers should explore USDA zero-down options.
Estimated Annual Ownership Cost in Arkansas
Based on the median home price of $185,000 with a 10% down payment and 7% mortgage rate.
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