You need your own space.

We get it. You’re ready.  Whether it’s your overbearing roommates, growing family, or a yard for your favorite pet, homeownership could be for you.


Why RIHousing?

Quite simply, we’re the ‘home’ of the first-time homebuyer. Since 1973, we’ve helped more than 85,000 people make Rhode Island their home. And we can help you too.

Dispelling Myths

Myth #1: You need a 20% down payment.

False. RIHousing offers 100% financing for First-Time Homebuyer Loans, which means no down payment required. We can also help with down payment and/or closing cost assistance.

Get Educated!

A smart homebuyer is a successful homeowner. Our Homebuyer Education classes arm you with the information you need to succeed. When you find the home of your dreams, we want you to be ready.

Sign up today to 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

We know you’re busy. So we’ve made it easy with in-person classes at locations across the state and the ease and convenience of our online classes. Offered in English and Spanish, let’s get you started.

Financing Options

Whether you go through the RIHousing Loan Center or one of more than 40 Participating Lenders (you decide!), you’ll get excellent customer service, detailed answers to your financing questions, and access to our suite of first-time homebuyer loans.


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

Purchase price
Please enter here the amount you expect to pay for a home.
Enter a value
Down payment
Down payment is cash that you pay upfront for your home.
Enter a value
Term in years
Number of years you have to pay.
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Interest rate (per year)
The percentage of interest that you will pay on your mortgage for a specific term.
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Property tax
Enter your property tax here if you know it.
per year
Enter a value
Home insurance
Most lenders require home insurance. Enter its price here.
per year
Enter a value
PMI is Private Mortgage Insurance which is usually required to pay if your Down payment less than 20%.
per month
Enter a value

Your total monthly payment


Principal & Interest