RI Statewide DPA Grant

 

Investing in Homeownership Across the Ocean State.

 

 

RI Statewide DPA Grant Program Reopened

Additional funding has become available for the RI Statewide DPA program, which offers a $17,500 grant to eligible first-time homebuyers in Rhode Island.

PLEASE BE ADVISED: The approval of an applicant homebuyer’s grant, and/or the offering of a first mortgage commitment to the homebuyer, does not guarantee that the applicant will receive grant funds. Grant funds are subject to availability, and will be extended on a first come, first-served basis to approved homebuyers.

The grant provides down payment and closing cost assistance to help first-time homebuyers with rising housing costs in today’s competitive market. This is a grant that does not need to be repaid. Funding is subject to availability. Contact RIHousing’s Loan Center or a participating lender to find out if you’re eligible.

Eligibility

* A first-time homebuyer is defined as an applicant who has not owned a home as their primary residence in the past three years
**Income limits are subject to change.
***Certificates obtained through a RI-based, non-profit, HUD counseling approved organization are also accepted.
 

Eligibility

* A first-time homebuyer is defined as an applicant who has not owed a home as their primary residence in the past three years
**Income limits are subject to change.
***Certificates obtained through a RI-based, non-profit, HUD counseling approved organization are also accepted.
 

Terms and Conditions

  • No monthly payments due; immediately forgivable 
  • All first mortgage requirements apply 

Terms and Conditions

  • No monthly payments due; immediately forgivable 
  • All first mortgage requirements apply 

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.