RI AnchorHome

Administered by: Rhode Island Office of the General Treasurer · State · Zero-Interest Loan

Funding status: Closed

How much assistance

Varies — state deposits matching funds to participating lender to enable more affordable mortgage products (Zero-Interest Loan)

Eligibility

  • Income limits: Household income no higher than 110% of statewide limits
  • First-time buyer required: Yes — Must not have owned a primary residence in the last 3 years.
  • Geographic restrictions: Must purchase a one- or two-family owner-occupied home in Rhode Island.

How to Apply for RI AnchorHome

Step 1: Apply through a participating financial institution: Navigant Credit Union, Centreville Bank, or BankNewport.

Visit program website

Notes

Launched December 2025. Expanded to $80 million after helping 40+ families. Currently fully allocated; Treasury is evaluating next steps for future phases.

Available Statewide In