Interest Rates

When buying a home it is important to know what you are getting into. RIHousing offers mortgages for first-time homebuyers as well as current homeowners who are looking to sell their existing home and buy a new one, or refinance their existing mortgage.

RIHousing offers a suite of loan options specifically designed to fit the needs of homebuyers and homeowners. All posted rates are for 30-year terms with zero points. Higher points are available with lower corresponding rates. Rates are subject to change without prior notice.

Income limits: Loan Center
1 or 2 person household: $95,948
3 or more in the household: $110,341
Maximum acquisition cost: $454,258

 

as of July 9, 2020 @ 10:00 a.m. Rate APR
Loans for First-Time Homebuyers
   
FHA,VA,RD Purchase Mortgage
3.250% 4.808%
FHA 203(k) Purchase Rehab Mortgage
3.500% 5.099%
Conventional Purchase Mortgage with 20% Down
3.500% 3.554%
Conventional Purchase with Mortgage Insurance
3.500% 3.922%
     
Loans with Extra Assistance for First-Time Homebuyers
   
FHA,VA,RD Purchase Mortgage
3.250% 4.808%
FHA 203(k) Purchase Rehab Mortgage
3.500% 5.099%
Conventional Purchase with Mortgage Insurance
3.500% 3.922%

 

TAKE THE NEXT STEP

Contact the RIHousing Loan Center or Participating Lender to explore your options and determine which loan best fits your needs.