Which type of loan are you interested in?
Home Purchase
Home Refinance
RIHousing’s Loan Center offers refinancing to current RIHousing Mortgage customers.
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
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
RI Statewide DPA Grant
Thank you for your interest in the Rhode Island Statewide DPA Grant. As of October 27, 2023, the program is closed to new applications.
Only through our Loan Center!
FirstGenHomeRI
FirstGenHomeRI opens the doors for first-generation homebuyers with $25,000 in down payment and/or closing cost assistance.
10kDPA
RIHousing’s 10kDPA program provides a $10,000 down payment assistance loan to first-time homebuyers in Rhode Island.
Move up
& Refinance Loans
Looking to sell your home and buy a new one?
Move Up loans require as little as 3% down!
FIRST-TIME
HOMEBUYER LOANS
- 100% financing
(no down payment required) - Down payment and/or closing cost assistance
- No mortgage insurance program available for qualified borrowers
(resulting in lower monthly payments)
FirstGenHomeRI
FirstGenHomeRI opens the doors for first-generation homebuyers with $25,000 in down payment and/or closing cost assistance.
RI Statewide DPA Grant
Thank you for your interest in the Rhode Island Statewide DPA Grant. As of October 27, 2023, the program is closed to new applications.
10kDPA
RIHousing’s new 10kDPA program provides a $10,000 down payment assistance loan
Move up
& Refinance Loans
Selling your home and buy a new one?
Move Up loans require as little as 3% down.
Please Note: RIHousing’s Extra Assistance programs are only available with a RIHousing first mortgage. If you are currently working with a Mortgage Originator, please contact them directly to see if you qualify for this program.
Do’s and Don’ts of Homebuying
Do's
Keep important financial documents organized and accessible
- Keep all originals and have access to all of your paystubs, bank statements and other important financial documents.
- Make timely payment on all current debt obligations, including any car, student loan and/or credit cards
Notify your Mortgage Originator about your financial changes
- prior to making any changes to your employment status such as changes to position or pay
- any pay raises or transfers
- any loss of income
- if you plan on receiving gift funds for closing
Don'ts
Make changes to your financial flow
- Transfer any funds between your accounts without receiving the proper documentation
- Deposit monies outside your payroll deposits, particularly from the sale of personal items, without proper documentation
Make financial changes that will impact your credit score
- Open or increase any liabilities during your contract
- Close or open any asset or credit accounts
- Advance cash from any credit cards or borrow any funds
- Miss contractual monthly payments on credit cards, student loans and/or car loans
- Make any large purchases that could impact your credit score, required funds to close or assets
MORTGAGE CALCULATOR
Wondering how much home you can afford? Find out now.
Your total monthly payment
Get Educated.
When you find the home of your dreams, we want you to be ready. Register for a class today.
- Steps to Buying a Home, including the mortgage application process
- Overview of RIHousing loan programs
- Financial Considerations: credit, debt and planning for the future
Customers who are first-time homebuyers are required to take a Homebuyer Education class prior to closing on a RIHousing loan.
Need help?
Let me guide you though the Loan Center!
