Articles tagged with: ADFA
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While there are more than a few programs set up to help people purchase homes, one that has remained somewhat overlooked is the HomeToOwn mortgage program run by the Arkansas Development Finance Authority (ADFA).
Yes, we’re talking about the state’s “bond program” that offers 30-year mortgages at an interest rate of 4.625 percent to qualified buyers. That edges out the current going rate of 4.92 percent, meaning that Murray Harding — the HomeToOwn program administrator — was correct when he described his group’s interest rate as “competitive” at a meeting of …
Here’s some good news for a lot of Arkansans wanting to buy homes and comparing what mortgage products are available — the Arkansas Development Finance Authority (ADFA) has dropped the interest rate on its HomeToOwn mortgage program from 5 percent to 4.5 percent and has some money available for people needing help with down payments.
HomeToOwn Murray Harding said he hopes today’s announcement from the ADFA will help more Arkansans secure financing to purchase houses. Granted, the 4.5 percent rate on a 30-year, fixed interest mortgage is a bit higher than …