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Home repair loans

Loans for those who are interested in financing home improvements.

Our home-repair loans help qualified Rhode Island homeowners ensure that their home is a safe, healthy place to live. These fixed rate, low-interest loans can be used for a variety of home improvement projects, from energy efficiency updates to heating system repairs and much more.

Loan Terms:

  • Maximum loan amount of $25,000
  • Loan term of up to 20 years
  • 100% personal, local service and support
  • One-time $350 origination fee to RIHousing

Income limits
Your total annual household income must be less than $93,623 (for a 1-2 person household) or $107,667 (for a 3+ person household).

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

Requirements to complete our home-repair loan application:

  • Two most recent paystubs for 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-repair loans and the options available to you, contact Lee-Ann Gagnon. 
Lee-Ann Gagnon
401-457-1127
lgagnon@rihousing.com 

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