RI Housing first-time homebuyer down payment assistance
RIHousing provides generous down payment assistance to first-time homebuyers in Rhode Island. This program is designed to help eligible first-time homebuyers with what is often the biggest hurdle to homeownership: the down payment.
To qualify, you must:
- Be a first-time homebuyer purchasing a 1-4 family home or condominium in Rhode Island
- Have a minimum credit score of 660
- Meet RIHousing loan and income limits*
- Complete a homebuyer education course (available online)
- Obtain a RIHousing-funded first mortgage through a Participating Lender or the RIHousing Loan Center
- Occupy the home as your primary residence
* loan limits vary by county. Use this map to find the loan limits in your county.
