{"id":7022,"date":"2024-05-09T10:23:40","date_gmt":"2024-05-09T14:23:40","guid":{"rendered":"https:\/\/mortgageequitypartners.com\/providence-ri\/?p=7022"},"modified":"2024-10-09T13:19:50","modified_gmt":"2024-10-09T17:19:50","slug":"rihousing-20k-extra-assistance-loan","status":"publish","type":"post","link":"https:\/\/mortgageequitypartners.com\/providence-ri\/rihousing-20k-extra-assistance-loan\/","title":{"rendered":"RIHousing $20k Extra Assistance Loan"},"content":{"rendered":"<h2>RIHousing Extra Assistance Loan: up to $20,000<\/h2>\n<p>Buying a home in Rhode Island just got easier! RIHousing\u2019s Extra Assistance Loan (EAL) is now available, offering significant financial support to Rhode Island homebuyers. The EAL program guidelines make homeownership in Rhode Island more affordable, opening a world of opportunity for first-time homebuyers. The Extra Assistance Loan may be used for the borrower\u2019s down payment and\/or closing costs and may be combined with all RIHousing first mortgage products. Contact one of our <a href=\"https:\/\/mortgageequitypartners.com\/providence-ri\/our-team\/\">Rhode Island experienced loan officers<\/a> to learn all the details.<\/p>\n<div class=\"gca-column one-half first\"><h3>Program Details:<\/h3>\n<p><strong>RI Housing Max Loan Amount for EAL:<br \/>\n<\/strong>$20K or 6% of the purchase price to be used for down payment and\/or closing costs.<\/p>\n<div style=\"text-align: left;\" align=\"center\">\n<p><strong>No Income limit restrictions*<br \/>\n<\/strong><em>*must meet first mortgage program guidelines<\/em><\/p>\n<div style=\"text-align: left;\" align=\"center\">\n<p><strong>Maximum Acquisition Price Limit\/Cost:<br \/>\n<\/strong><span style=\"color: black; font-family: Arial, sans-serif; font-size: 13.5pt;\">$838,592<\/span><\/p>\n<\/div>\n<p><strong>Property Types:<br \/>\n<\/strong><span style=\"color: black; font-family: Arial, sans-serif; font-size: 12pt;\">EAL Funds may be used towards both down payment and closing costs with 1-4 unit properties.<\/span><\/p>\n<p style=\"margin: 0in 0in 7.5pt 0in;\"><span style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; color: black;\">And&#8230;The EAL changes are available to borrowers with mortgages previously registered with RIHousing. A Change\/Withdrawal Request form, along with updated Loan Transmittal, AUS findings and URLA must be submitted to LenderConnect for loans being restructured.<\/span><\/p>\n<\/div>\n<p><img decoding=\"async\" class=\" wp-image-9164 alignleft\" src=\"https:\/\/mortgageequitypartners.com\/wp-content\/uploads\/2023\/01\/Logo_50_year_web.png\" alt=\"RI Housing logo\" width=\"382\" height=\"202\" \/><\/p><\/div>\n<div class=\"gca-column one-half\"><\/div><div class=\"gca-utility clearfix\"><\/div><div class=\"gca-utility vertical-spacer\"><\/div>\n<p><em>Mortgage Equity Partners is an authorized RIHousing Lender.\u00a0<\/em><\/p>\n<p>Reach out to our <a href=\"https:\/\/mortgageequitypartners.com\/providence-ri\/our-team\/\">Rhode Island office<\/a>\u00a0today to check your eligibility!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RIHousing Extra Assistance Loan: up to $20,000 Buying a home in Rhode Island just got easier! RIHousing\u2019s Extra Assistance Loan (EAL) is now available, offering significant financial support to Rhode Island homebuyers. The EAL program guidelines make homeownership in Rhode Island more affordable, opening a world of opportunity for first-time homebuyers. The Extra Assistance Loan [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7027,"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 massdreams","_genesis_custom_post_class":"","_genesis_layout":"full-width-content","footnotes":""},"categories":[6,4],"tags":[],"class_list":{"0":"post-7022","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\/7022","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=7022"}],"version-history":[{"count":0,"href":"https:\/\/mortgageequitypartners.com\/providence-ri\/wp-json\/wp\/v2\/posts\/7022\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mortgageequitypartners.com\/providence-ri\/wp-json\/wp\/v2\/media\/7027"}],"wp:attachment":[{"href":"https:\/\/mortgageequitypartners.com\/providence-ri\/wp-json\/wp\/v2\/media?parent=7022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mortgageequitypartners.com\/providence-ri\/wp-json\/wp\/v2\/categories?post=7022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mortgageequitypartners.com\/providence-ri\/wp-json\/wp\/v2\/tags?post=7022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}