Mortgage Equity Partners of Rhode Island
Providence Branch
What are the differences? The best way to understand the differences is first to understand what each loan is all about. The homebuyer's personal situation determines which option works best to purchase or refinance a home. Fixed-rate mortgage A fixed-rate mortgage is a home loan with an unchanging interest rate for …
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What is a renovation home loan? If you can’t find the perfect Rhode Island home, you can create it with a renovation home mortgage! With housing supply inventory at an all-time low and existing home prices rising, homeowners have been renovating like never before. A Fannie Mae HomeStyle Renovation mortgage can get you …
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What is Down Payment Assistance? Of the many steps to homeownership, the one that is often the most difficult for credit-worthy first-time homebuyers is coming up with funds for a down payment and closing costs. For example, borrowers with high student loan payments or low to middle income may not have extra cash to …
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As of March 5, 2024, the RIHousings 17.5K Statewide DPA program is closed to new applications. The success of this program is evidenced by the fact that these funds were depleted in less than two months. Not to fear though, the RI Housing's 15K DPA program is available. RI Housing's 15K DPA provides $15,000 in …
Continue Reading about The RIHousing Statewide DPA Grant Program $17.5K has reopened
RI Statewide DPA Grant Program offering $15,000 grants RIHousing has renewed the RI Statewide DPA Grant Program offering $15,000 grants to assist with down payment and/or closing cost assistance. RI Housing's $15K DPA provides $15,000 in assistance for down payment and closing costs through a zero percent (0%) …
Don't hibernate on real estate this winter Many people believe spring is the best time to buy a home, but winter is a great time to make a purchase, especially in Rhode Island. While the weather may not be as inviting, there are several advantages to buying a home during the winter months. Buying a home during winter …
Continue Reading about 8 great reasons to buy a home this winter
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