RIHousing Loan Center

The RIHousing Loan Center has experienced professionals who can help first-time homebuyers navigate their path to homeownership. We also offer refinancing for current RIHousing mortgage customers.

RIHousing Loan Center

The RIHousing Loan Center has experienced professionals who can help first-time homebuyers navigate their path to homeownership. We also offer refinancing for current RIHousing mortgage customers.

Which type of loan are you interested in?

Home Purchase

Home Refinance

RIHousing’s Loan Center offers refinancing to current RIHousing Mortgage customers.

Contact us today.

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

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.

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

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.

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.

EXTRA
ASSISTANCE

 

  • Down payment assistance to eligible first-time homebuyers in Rhode Island
  • Finance down payment and/or closing costs

FIRST HOMES
TAX CREDIT

 

Program Suspended as of 2/14/2023

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

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

R

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
Notify your Mortgage Originator:

  • 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
Q

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

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!

MORTGAGE CALCULATOR

Wondering how much home you can afford? Find out now.

year(s)
per year
per year

Your total monthly payment

Principal & Interest
Home insurance
Property taxes
PMI
Interest rates are updated daily and are subject to change without prior notice.

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!