Home-equity loans

If you are an existing Rhode Island Housing 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 Rhode Island Housing

Personal Service
Being a Rhode Island Housing 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


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

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.