$10k Down Payment Assistance Program!
RI Housing’s provides a $10,000 down payment assistance loan to first-time homebuyers in Rhode Island. The 10KDPA Program is designed to help eligible first-time homebuyers with what is often the biggest hurdle to homeownership: the down payment. To get started, fill out the form or contact one of our experienced loan officers!
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: $661,250; Income limits: $112,555 (1-2 person household) and $129,438 (3+ person household).