First-Time Homebuyer Programs in Rhode Island

Rhode Island offers several strong down payment assistance programs through RIHousing, the state's housing finance agency. Key programs include the 15kDPA ($15,000 deferred loan), Extra Assistance (up to $20,000 forgivable), FirstGenHomeRI ($25,000 for first-generation buyers), and the Spring7500 ($7,500 forgivable loan for select communities). The RI Realtors Homebuyer Grant also provides $1,000-$2,000 in immediately forgivable grants for qualifying first-time buyers.