Thinking about buying your first home?

Thinking about buying your first home?

Happy Homeowners

We have what you want.

STEPS TO HOMEOWNERSHIP

Get Educated!

Take a Homebuyer Education class and learn everything you need to know about buying and mortgage financing.

Get pre-approved

Getting pre-approved makes you a more attractive buyer and gives you greater negotiation power.

Find a home

Work with a certified real estate professional to find the home that fits both your needs and your budget.

Sign a contract

By completing this step, you will finalize the terms of your loan and agreement.

Apply for a loan

RIHousing offers a range of mortgage options; learn more about which loan is right for you or apply now.

Close and become a homeowner!

Complete the final requirements in the closing process and enjoy your new home!

Our streamlined application syncs with your bank to get you accurate numbers, fast.

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FIRST-TIME
HOMEBUYER
LOANS

  • 100% financing available (no down payment required)
  • Down payment and/or closing cost assistance

HOMEBUYER RENOVATION
LOANS / 203(k)

  • Loan for borrowers purchasing a home that needs renovations
  • Finances the mortgage and renovations
  • 100% financing available (no down payment required)
  • Closing cost assistance available

15kDPA

RIHousing’s 15kDPA program provides $15,000 in assistance for down payment and/or closing costs in the form of a zero-percent (0%) interest rate loan to first-time homebuyers in Rhode Island.

FirstGenHomeRI

FirstGenHomeRI opens the doors for first-generation homebuyers with $25,000 in down payment and/or closing cost assistance.

Extra

Assistance

RIHousing’s Extra Assistance program provides down payment assistance to eligible first-time homebuyers in Rhode Island to finance down payment and/or closing costs.

Move up

& Refinance Loans

Looking to sell your home and buy a new one?
Move Up loans require as little as 3% down!

RI Statewide DPA
Grant Program 

As of March 5, 2024, the program is closed to new applications. Grant applicants may contact their Participating Lender or the RIHousing Loan Center with questions regarding the Grant’s waiting list.

15kDPA

RIHousing’s 15kDPA program provides $15,000 in assistance for down payment and/or closing costs in the form of a zero-percent (0%) interest rate loan to first-time homebuyers in Rhode Island.

FirstGenHomeRI

FirstGenHomeRI opens the doors for first-generation homebuyers with $25,000 in down payment and/or closing cost assistance.

Extra Assistance

RIHousing’s Extra Assistance program provides down payment assistance to eligible first-time homebuyers in Rhode Island to finance down payment and/or closing costs.

RI Statewide DPA Grant Program

As of March 5, 2024, the program is closed to new applications.  Grant applicants may contact their Participating Lender or the RIHousing Loan Center with questions regarding the Grant’s waiting list.

Move up & Refinance Loans

Looking to sell your home and buy a new one?

Move Up loans require as little as 3% down!

Get Educated.

There’s a lot of competition out there today. When you find the home of your dreams, we want you to be ready. Our Homebuyer Education classes will arm you with what you need to know.

Register for a class today and learn about:

  1. Steps to Buying a Home, including the mortgage application process
  2. Overview of RIHousing loan programs
  3. Financial Considerations: credit, debt and planning for the future

Homebuyer Education is available through virtual or online classes.

Customers who are first-time homebuyers are required to take a Homebuyer Education class prior to closing on a RIHousing loan.

MORTGAGE CALCULATOR

Wondering how much home you can afford? Find out now.

year(s)
per year
per year

Your total monthly payment

Principal & Interest
Home insurance
Property taxes
PMI

Ready to buy that home?

PARTICIPATING LENDERS

Our network of approved Participating Lenders know our programs and can help you choose a loan that’s right for you.

RIHOUSING LOAN CENTER

Not sure where to begin? Contact one of our Mortgage Originators today to get started.