{"id":6668,"date":"2023-01-02T15:02:09","date_gmt":"2023-01-02T20:02:09","guid":{"rendered":"https:\/\/mortgageequitypartners.com\/providence-ri\/?p=6668"},"modified":"2024-09-06T16:12:36","modified_gmt":"2024-09-06T20:12:36","slug":"rihousing-10kdpa-program","status":"publish","type":"post","link":"https:\/\/mortgageequitypartners.com\/providence-ri\/rihousing-10kdpa-program\/","title":{"rendered":"RIHousing 10kDPA Program funds are depleted"},"content":{"rendered":"<p style=\"text-align: center;\"><strong>RI 10kDPA funds have depleted for 2024 but <a href=\"https:\/\/mortgageequitypartners.com\/providence-ri\/meps-advantage-down-payment-assistance-program\/\">MEP Advantage DPA<\/a> is still live.<br \/>\n<\/strong><strong>Fill out the form to see if you qualify or contact one of our <a href=\"https:\/\/mortgageequitypartners.com\/providence-ri\/our-team\/\">qualified loan officers<\/a> to learn more!<\/strong><\/p>\n<div class=\"gca-utility vertical-spacer\"><\/div><div class=\"gca-column one-half first\"><h2>Update: No funds remain for RI 10kDPA<\/h2>\n<p>One of the most challenging parts of buying a home in Rhode Island today is coming up with the money for the down payment and closing costs. A great way to make that more affordable is by using a down payment assistance program (DPA). These programs provide eligible homebuyers assistance to purchase a new home. The funds can be in the form of a grant, low-interest mortgage loan, or other incentives to help a buyer purchase a home.<\/p>\n<p>Mortgage Equity Partners has partnered with Essex Mortgage, a company that has helped thousands of homeowners since 2009 get the down payment assistance they need to purchase a new home. Essex works with The National Homebuyer\u2019s Fund (<a href=\"https:\/\/www.nhfloan.org\/about.html\" target=\"_blank\" rel=\"noopener\">NHF<\/a>), a DPA non-profit public benefit corporation and an instrumentality of the government under IRS Code Section 115 that never runs out of funds to provide this generous program to our borrowers.<\/p><\/div>\n<div class=\"gca-column one-half\"><script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\nvar gform;gform||(document.addEventListener(\"gform_main_scripts_loaded\",function(){gform.scriptsLoaded=!0}),document.addEventListener(\"gform\/theme\/scripts_loaded\",function(){gform.themeScriptsLoaded=!0}),window.addEventListener(\"DOMContentLoaded\",function(){gform.domLoaded=!0}),gform={domLoaded:!1,scriptsLoaded:!1,themeScriptsLoaded:!1,isFormEditor:()=>\"function\"==typeof 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The <a href=\"https:\/\/www.rihousing.com\/10kdpa\/\" target=\"_blank\" rel=\"noopener\">10KDPA Program<\/a> is designed to help eligible first-time homebuyers with what is often the biggest hurdle to homeownership: the down payment. Combined with down payment assistance, this loan allows homebuyers to finance 100% of the purchase price of their home. As a participating lender, Mortgage Equity Partners can help you get started. Fill out the form or contact one of our <a href=\"https:\/\/mortgageequitypartners.com\/providence-ri\/our-team\/\">experienced loan officers<\/a>!<\/p>\n<p>To qualify, you must:<\/p>\n<ul>\n<li>Be a first-time homebuyer purchasing a 1-4 family home or condominium in Rhode Island<\/li>\n<li>Have a minimum credit score of 660<\/li>\n<li>Meet RIHousing loan* and income limits**<\/li>\n<li>Complete a homebuyer education course (available online)<\/li>\n<li>Obtain a RIHousing-funded first mortgage through Mortgage Equity Partners or the RIHousing Loan Center<\/li>\n<li>Occupy the home as your primary residence<\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"alignleft wp-image-6830 size-full\" src=\"https:\/\/mortgageequitypartners.com\/providence-ri\/wp-content\/uploads\/2023\/01\/RI-DPA-10K10.png\" alt=\"Rhode Island $10K DPA Program\" width=\"390\" height=\"268\" srcset=\"https:\/\/mortgageequitypartners.com\/providence-ri\/wp-content\/uploads\/2023\/01\/RI-DPA-10K10.png 390w, https:\/\/mortgageequitypartners.com\/providence-ri\/wp-content\/uploads\/2023\/01\/RI-DPA-10K10-300x206.png 300w\" sizes=\"(max-width: 390px) 100vw, 390px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><em>*As of 5\/1\/2024, the Maximum Acquisition Price Limit\/Cost is $838,592<\/em><br \/>\n<em>**As of 5\/1\/2024 The Maximum Annual Household Income: $134,320 (1 or 2 person household) and $154,468 (3+ person household)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 Island. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6557,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"profile housing","_genesis_custom_post_class":"","_genesis_layout":"full-width-content","footnotes":""},"categories":[6,4],"tags":[],"class_list":{"0":"post-6668","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-articles","8":"category-news","9":"entry"},"_links":{"self":[{"href":"https:\/\/mortgageequitypartners.com\/providence-ri\/wp-json\/wp\/v2\/posts\/6668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mortgageequitypartners.com\/providence-ri\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mortgageequitypartners.com\/providence-ri\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mortgageequitypartners.com\/providence-ri\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mortgageequitypartners.com\/providence-ri\/wp-json\/wp\/v2\/comments?post=6668"}],"version-history":[{"count":0,"href":"https:\/\/mortgageequitypartners.com\/providence-ri\/wp-json\/wp\/v2\/posts\/6668\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mortgageequitypartners.com\/providence-ri\/wp-json\/wp\/v2\/media\/6557"}],"wp:attachment":[{"href":"https:\/\/mortgageequitypartners.com\/providence-ri\/wp-json\/wp\/v2\/media?parent=6668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mortgageequitypartners.com\/providence-ri\/wp-json\/wp\/v2\/categories?post=6668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mortgageequitypartners.com\/providence-ri\/wp-json\/wp\/v2\/tags?post=6668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}