Thinking about buying your first home?

Thinking about buying your first home?

Happy Homeowners

We have what you want.

  • Down payment and closing cost assistance
  • Programs to help you buy and renovate the home of your dreams
  • A local Loan Center and a statewide network of approved lenders

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.

..

..

..

..

..

Which type of loan are you interested in?

Home Purchase

Home Refinance

For refinance options, please contact one of our Participating Lenders.

How will this property be used?

Primary Residence

Second/ Vacation Home

Rental/ Investment Property

For second homes or investment properties, please contact one of our Participating Lenders.

Were you a homeowner on a property that was your primary residence in the last 3 years?

YES

NO

Please contact one of our Participating Lenders.

When do you plan to buy a home?

I have a signed purchase and sales contract

Immediately- I’m making an offer

I’m shopping & am considering a few options

Within the next couple months

Not sure- I want to know if I can afford

I have a signed purchase and sales contract

Immediately- I’m making an offer

I’m shopping & am considering a few options

Within the next couple months

Not sure- I want to know if I can afford

Get preapproved today!

FIRST-TIME
HOMEBUYER
LOANS

  • 100% financing available (no down payment required)
  • Down payment and/or closing cost assistance
  • No mortgage insurance program available for qualified borrowers 

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

FIRST HOMES
TAX CREDIT

 

  • Tax savings for eligible borrowers
  • Reduces a borrower’s federal tax liability
  • Can be claimed each year for the life of the mortgage

Move up

& Refinance Loans

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

Move up & Refinance Loans

Looking to sell your home and buy a new one?

Move Up loans require as little as 3% down!

First Down
Program

Buying in Providence or Woonsocket? $7,500* down payment for your first home!

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.

First Down Program

Buying in Providence or Woonsocket? $7,500* down payment for your first home!

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.

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 in-person and online, in English and Spanish.

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)

Your total monthly payment

Principal & Interest

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.