Interest Rates

When buying a home it is important to know what you are getting into. RIHousing offers mortgages for first-time homebuyers as well as current homeowners who are looking to sell their existing home and buy a new one, or refinance their existing mortgage. All rates are subject to change without prior notice.

RIHousing offers a suite of loan options specifically designed to fit the needs of home buyers and homeowners. All posted rates are for 30-year terms with zero points. Higher points are available with lower corresponding rates. Rates are subject to change.

Income limits:  Loan Center                                                 Participating Lender (non MRB Program)
                     1 or 2 person household: $93,623                      with Extra Assistance: No Income Limits
                     3 or more in the household: $107,667                no Extra Assistance: No Income Limits 
Maximum acquisition cost: $441,176                                   Maximum loan amount: $431,250

as of July 13, 2018 @ 10:00 a.m. Rate APR
Loans for Homebuyers
*FHA,VA,RD Purchase Mortgage
4.375% 5.948%
*FHA 203(k) Purchase Rehab Mortgage
4.625% 6.241%
Conventional Purchase Mortgage with 20% Down
5.125% 5.184%
Conventional Purchase with Mortgage Insurance
5.125% 5.604%
No Mortgage Insurance Conventional Purchase
5.875% 5.937%
Loans with Extra Assistance for First-time Homebuyers
*FirstHomes100 - FHA,VA,RD Purchase Mortgage
4.375% 5.948%
*FirstHomes100 + FHA 203(k) Purchase Rehab
4.625% 6.241%
FirstHomes100 - Conventional Purchase with Mortgage Insurance
5.125% 5.604%
FirstHomes100 - No Mortgage Insurance Purchase
5.875% 5.937%

Participating Lender (MRB only)
                     1 or 2 person household: $93,623                      
                     3 or more in the household: $107,667                
Maximum acquisition cost: $441,176                                   

*Participating Lender MRB Program and FHA, RD, VA through the RIH Loan Center are available only to first-time homebuyers, subject to the Federal Recapture tax, and may not be combined with the FirstHomes Tax Credit (Mortgage Credit Certificate) program.


Complete a pre-approval application
Use the links below to access the pre-approval application and get started on this important step.

Pre-Approval Application - English

Pre-Approval Application - Spanish

Contact a Mortgage Specialist or Participating Lender
Contact a Mortgage Specialist or Participating Lender to explore your options and determine which loan best fits your needs.