New home loans | Rhode Island Housing Loans
RIHousing RIHousing

Move up loans

Looking to sell your home and buy a new one?

Our new home loans offer:

  • Up to 97% financing (3% down payment required)
  • No Mortgage Insurance required for qualified borrowers (resulting in lower monthly payments)
  • 100% personal, local service and support for the life of the loan

New home loans are available through our network of Participating Lenders.  

97% financing
RIHousing’s new home loans require as little as 3% down, lessening the burden of typical new home down payment requirements. 

No mortgage insurance
Qualified borrowers will not be required to have mortgage insurance for their loan. This results in lower monthly costs and overall savings to the homeowner.

Other options
FHA insured or RD and VA guaranteed loans are also available.

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. 


Contact a Participating Lender
If you have questions about pre-approval or are ready to apply for a loan, contact one of our Participating Lenders today.