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Arkansas development finance authority request - State of Arkansas - arkansas

Arkansas development finance authority request - State of Arkansas - arkansas 2025

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The Arkansas Development Finance Authority (ADFA) is soliciting proposals from investment banking firms to act as underwriters for a $23 million revenue bond issuance aimed at financing the construction of a new laboratory facility for the Arkansas Department of Health. The facility is necessary to meet enhanced bio-terrorism testing standards. Proposals must be submitted by September 4, 2003, and will be evaluated based on qualifications, proposed financing structure, and pricing. The selection process includes oral presentations and final approval by the ADFA Board.

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What is the minimum credit score to buy a house in Arkansas?

A Good Credit Score Conventional Mortgage (Variable or Fixed Rate): Minimum 620 credit score. VA Loan: Veterans Affairs doesnt set a minimum credit score. FHA Loan: The minimum score depends on how much your down payment is. USDA Loan: Minimum 580 credit score. Jumbo Loans: At least 700.

What is the down payment assistance for first time home buyers in Arkansas?

To help, the Arkansas Development Finance Authority (ADFA) created the Down Payment Assistance (DPA) Program. ADFA has down payment assistance for qualifying applicants of an ADFA StartSmart or ADFA Move-Up first mortgage. The DPA ranges from $1,000 to $15,000 for down payment and closing cost assistance.

What is the start smart program in Arkansas?

The StartSmart First-Time Homebuyer Loan Program by ADFA harnesses the power of IRS tax-exempt mortgage revenue bonds to bring you substantial savings on your home purchase.

What is the $10 000 grant for first time home buyers in Arkansas?

Little Rock Down Payment Assistance Program The City of Little Rock has a down payment assistance program that offers up to 6 percent of the purchase price, not to exceed $10,000, to low- and moderate-income first-time homebuyers. The loan is forgiven over five years.

What is the biggest negative when using down payment assistance?

Potential for higher interest rates: You may end up with a higher mortgage interest rate due to the assistance, which can increase the overall cost of your loan. The interest rates on mortgages with assistance are also usually 0.5-1% higher [than those without] to offset risk, Morgan says, costing thousands more.