Are you considering buying a home in Rhode Island but feeling overwhelmed by the process? There’s a lot to take in, from finding the right real estate agent to learning about mortgages. Understanding mortgage interest rates is one of the most critical steps when purchasing your new home. Knowing what influences …
What is Vacant Land Lending?
Vacant Land Lending or Land Loans share many similarities with mortgages. Both are forms of financing used to obtain property; however, unlike a traditional mortgage, there is no home to use as collateral. Many homebuyers and investors consider this option if they have the expertise in building homes from …
MEP’s Rate Protection Program is a win-win for borrowers!
Get off the sidelines and look for your new house! Homebuyers are on the fence today about whether to enter the market or stay put. First-time homebuyers who are still renting hope rates and prices will come down. Now that we are entering the spring homebuying season and none of those things have happened, lenders …
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More flood insurance options for some Rhode Island homeowners
Homeowners with FHA Mortgages in RI now have more options when buying flood insurance Rhode Island has beautiful coastal areas and rivers throughout its cities, and towns. Flooding is a part of life in Rhode Island. Providence, Warwick, and Kingston as well as other areas are at risk because of the coastline, major …
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RIHousing 10kDPA Program funds are depleted
RI 10kDPA funds have depleted for 2024 but MEP Advantage DPA is still live. Fill out the form to see if you qualify or contact one of our qualified loan officers to learn more! $10k Down Payment Assistance Program! RI Housing provides a $10,000 down payment assistance loan to first-time homebuyers in Rhode …
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