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Get Matched Free →RIHousing 15kDPA
Funding status: Active
How much assistance
$15,000
Zero-percent interest with no monthly payments. Repayment of the original $15,000 is due only upon sale, refinance, transfer of ownership, or when the home is no longer the primary residence.
Eligibility
- Income limits: Up to $134,320 for 1-2 person household; up to $154,468 for 3+ person household
- Purchase price limit: $838,592
- First-time buyer required: Yes — Must not have owned a home in the past 3 years.
- Credit score minimum: 660
- Geographic restrictions: Must purchase a 1-4 family home or condominium in Rhode Island.
- Homebuyer education required: Yes
How to Apply for RIHousing 15kDPA
Contact an RIHousing Participating Lender or the RIHousing Loan Center. Must obtain an RIHousing-funded first mortgage. At least one borrower must complete a homebuyer education course before closing.
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