Many Americans have found out quickly that "Money isn't growing on trees."  Some area's are seeing many companies downsizing, unemployment on the rise, and we won't talk about Gas Prices!  A home is still your best investment for security and financial growth.

What about my down payment and closing costs?  What about my interest rate?  Fortunately, there are programs within the Fort Smith area that's designed to help you with down payment and closing cost.  Yes, that's right!!!  MONEY!

Arkansas Development Finance Authoritythe purchaser can borrow up to $6,000 and must fall within the income guidelines.

American Dream Down Payment Initiative:

• Must be used in conjunction with bond money

• 6% of sales price to max of $10,000 grant (soft-second) for down payment and closing costs

• No repayment as long as client remains in home for 5 years

• "low income guidelines" 

• Must be first time home-buyer regardless of county

• Houses built prior to 1978 must be lead tested

• Houses will also have a HQS inspection done at ADFA's expense

Some down payment assistance programs don't have a Recapture Penalty. 

When looking for a Realtor in this market; you need to be assured that your Realtor knows YOUR market!!!  Looking for Real Estate in the Ft. Smith, AR and River Valley Area.  Remember, "To Buy or Sell'um, Call Ray Nellum!"  479-414-1895