Extra Assistance

RIHousing’s Extra Assistance program provides down payment assistance to eligible first-time homebuyers in Rhode Island. The program is designed to help homebuyers with what is often the biggest hurdle to homeownership: the down payment.

Eligibility

Eligibility

Terms and Conditions

  • Up to 6% of the purchase price, or $12,000, whichever is lower
  • In most cases, the interest rate on an Extra Assistance loan will be the same as the interest rate on your RIHousing first mortgage
  • No fees or charges
  • An Extra Assistance loan is a second mortgage lien on your home.

Terms and Conditions

  • Up to 6% of the purchase price, or $12,000, whichever is lower
  • Zero percent (0%) interest (or: In most cases, the interest rate on an Extra Assistance loan will be the same as the interest rate on your RIHousing first mortgage.)
  • No fees or charges
  • An Extra Assistance loan is a second mortgage lien on your home.

Available Today!

Extra Assistance is only available in conjunction with a RIHousing first mortgage, available through our network of Participating Lenders and the RIHousing Loan Center.

 

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.