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Home-equity loans

If you are an existing RIHousing customer, our home-equity loans may be able to help you with a range of personal financing needs. These fixed rate, low-interest loans can be used for various needs. Depending on the equity in your home, and your total household income, you may be eligible to borrow as much as $60,000 to use toward home improvements.

Loan Terms:

  • Minimum loan amount of $5,000; maximum loan amount of $60,000
  • Loan terms ranging from 5 to 20 years
  • 100% personal, local service
  • One-time $350 origination fee to RIHousing

Personal Service
Being a RIHousing borrower means you’ll receive support for the life of your loan. We’ll service your loan and provide free counseling throughout the entire process. 

Requirements to complete our home-equity loan application:

  • Two most recent pay stubs from each borrower within 30 days of application
  • Last two years W-2 Forms and last filed and signed Federal Tax Return with all schedules attached
  • Current mortgage statement on all mortgages, lines of credit or equity loans
  • First Mortgage Note
  • Most recent Real Estate Tax bill
  • Current Homeowner's Insurance Declaration page, listing agent's name and number

TAKE THE NEXT STEP

Contact a lending specialist
To learn more about our home-equity loans and the options available to you, contact Lee-Ann Gagnon. 
Lee-Ann Gagnon
401-457-1127
lgagnon@rihousing.com

Download the home-equity loan application
Use the link below to access the home-equity loan application. Included is a checklist to help ensure you have all the necessary documentation prepared. 
DOWNLOAD APPLICATION