One of the biggest challenges potential homebuyers face when preparing to buy a home is saving up for the down payment. Their credit scores might be high and their incomes stable, but any number of factors — high rent, student loans, medical bills — might prevent them from getting together the 3.5% minimum needed for FHA loans, let alone the 20% required for several types of conventional mortgages.

The good news for Arkansans is that there are down payment and homebuying assistance programs for prospective homeowners of all income levels. From forgivable loans to low-interest second mortgages to tax credits, programs throughout the state make the dream of homeownership achievable.