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Get Matched Free →RIHousing Extra Assistance
Funding status: Active
How much assistance
Up to 6% of purchase price or $20,000, whichever is lower
Forgiven in full after 5 years if amount is $15,000 or less, or after 10 years if amount exceeds $15,000. Borrower must maintain owner-occupancy.
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: 620
- Geographic restrictions: Must purchase a 1-4 family home or condominium in Rhode Island.
- Homebuyer education required: Yes
How to Apply for RIHousing Extra Assistance
Contact an RIHousing Participating Lender or the RIHousing Loan Center. Must obtain an RIHousing-funded first mortgage. Complete a RIHousing-approved homebuyer education course before closing.
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