RIHousing

RIHousing’s First-time Homebuyer Mortgage is the core state-backed first-lien product that pairs low, fixed rates with optional down payment assistance so Rhode Islanders can finance up to 100% of a reasonably priced home.

Eligible for: First-time homebuyers purchasing an owner-occupied home in Rhode Island who meet RIHousing income and purchase-price limits (with example th…

RIHousing’s 15kDPA program gives first-time Rhode Island buyers a flat $15,000 boost toward down payment and closing costs, structured as a silent 0% loan that sits behind a RIHousing first mortgage.

Eligible for: First-time homebuyers purchasing a 1–4 family home or condominium anywhere in Rhode Island with a minimum 660 credit score who meet RIHousin…

FirstGenHomeRI is a pilot initiative that targets first-generation buyers in a handful of Rhode Island’s most housing-stressed communities, offering a generous $25,000 in forgivable assistance to close the down payment and closing-cost gap.

Eligible for: First-generation, first-time homebuyers currently living in Central Falls, East Providence, Pawtucket, Woonsocket, Providence (excluding zip…

Extra Assistance is RIHousing’s flexible second-mortgage product that can add up to 6% of the purchase price (capped at $20,000) on top of a RIHousing loan to cover down payment and closing costs.

Eligible for: First-time homebuyers purchasing a 1–4 family home or condominium in Rhode Island who have at least a 620–660 credit score, meet RIHousing i…