RIHousing Loan Center

The RIHousing Loan Center has experienced professionals who can help first-time homebuyers navigate their path to homeownership.

RIHousing Loan Center

The RIHousing Loan Center has experienced professionals who can help first-time homebuyers navigate their path to homeownership.

Which type of loan are you interested in?

Home Purchase

Home Refinance

Home Equity

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

For home equity 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’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

SPRING7500
Down Payment Assistance

Limited Funds – Act Now

RIHousing’s new Spring7500 campaign provides a $7,500 down payment assistance loan to eligible first-time homebuyers in Rhode Island.

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)

SPRING7500
Down Payment Assistance

Limited Funds – Act Now

RIHousing’s new Spring7500 campaign provides a $7,500 down payment assistance loan to eligible first-time homebuyers in Rhode Island.

10 STEPS TO HOMEOWNERSHIP

Find your dream home

Review and sign disclosures

Verify income and assets

Credit, income and assets evaluated

Loan commitment issued

Gather final documents to close on loan

Closing

Congratulations! Move into your new home!

10 Steps to Homebuying

Swipe to learn about our homebuying process!

Find your dream home

Review and sign disclosure and order appraisal

Verify income and assets

Credit, income and assets evaluated

Loan commitment issued

Gather final documents to close on loan

Closing

Congratulations! Move into your new home!

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

MORTGAGE CALCULATOR

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.
0.0%
Enter a value
Term in years
Number of years you have to pay.
years
Enter a value
Interest rate (per year)
The percentage of interest that you will pay on your mortgage for a specific term.
%
Enter a value
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
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
$
Interest rates are updated daily and are subject to change without prior notice.

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

Take our Homebuyer Education class 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.

Need help?

Let me guide you though the Loan Center!

Elizabeth Gonzalez
Community Lending Coordinator