See programs you qualify for
Get Matched Free →By Tyler Thompson · Licensed Real Estate Agent · Updated April 3, 2026
Homebuyer Programs in North Kingstown, RI (2026)
North Kingstown is a town of roughly 28,000 residents in Washington County, Rhode Island, situated along Narragansett Bay between Warwick and South Kingstown. The median home price is approximately $625,000, making down payment assistance especially valuable for buyers in this market. While North Kingstown does not offer a town-funded down payment assistance program, buyers can access strong state-level programs through RIHousing, including the Extra Assistance program offering up to 6% of the purchase price or $20,000 as a forgivable loan, and the FirstGenHomeRI program providing up to $25,000 for first-generation homebuyers. South County Habitat for Humanity and House of Hope CDC also serve North Kingstown with affordable homeownership opportunities. By stacking available state and federal programs, eligible buyers can significantly reduce their upfront costs.
State Programs in Rhode Island
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| FirstGenHomeRI | Forgivable Loan | $25,000 | Yes | View → |
| RI AnchorHome | Zero-Interest Loan | Varies — state deposits matching funds to participating lender to enable more affordable mortgage products | Yes | View → |
| RI Realtors Homebuyer Grant | Grant | $1,000 grant ($2,000 for veterans or active military) | Yes | View → |
| RI Statewide DPA Grant | Grant | $17,500 | Yes | View → |
| RIHousing 15kDPA | Deferred Loan | $15,000 | Yes | View → |
| RIHousing Extra Assistance | Forgivable Loan | Up to 6% of purchase price or $20,000, whichever is lower | Yes | View → |
| RIHousing Spring7500 | Forgivable Loan | $7,500 | Yes | View → |
- Type:
- Forgivable Loan
- Amount:
- $25,000
- First-time only:
- Yes
- Type:
- Zero-Interest Loan
- Amount:
- Varies — state deposits matching funds to participating lender to enable more affordable mortgage products
- First-time only:
- Yes
- Type:
- Grant
- Amount:
- $1,000 grant ($2,000 for veterans or active military)
- First-time only:
- Yes
- Type:
- Grant
- Amount:
- $17,500
- First-time only:
- Yes
- Type:
- Deferred Loan
- Amount:
- $15,000
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to 6% of purchase price or $20,000, whichever is lower
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- $7,500
- First-time only:
- Yes
Federal Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| FHA Loans | Government-Insured Mortgage | Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026) | No | View → |
| Good Neighbor Next Door (HUD) | Government Property Sale Program | 50% discount off the list price of HUD-owned homes | Yes | View → |
| Home Possible Mortgage (Freddie Mac) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HomeReady Mortgage (Fannie Mae) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HUD $100 Down Program | FHA-Financed HUD REO Purchase | Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs. | No | View → |
| USDA Rural Development Loans | Government-Guaranteed Mortgage | 100% financing (no down payment required); loan amount up to appraised value | No | View → |
| VA Loans | Government-Guaranteed Mortgage | No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026) | No | View → |
- Type:
- Government-Insured Mortgage
- Amount:
- Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026)
- First-time only:
- No
- Type:
- Government Property Sale Program
- Amount:
- 50% discount off the list price of HUD-owned homes
- First-time only:
- Yes
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- FHA-Financed HUD REO Purchase
- Amount:
- Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs.
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- 100% financing (no down payment required); loan amount up to appraised value
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026)
- First-time only:
- No
Nonprofit Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| House of Hope CDC Affordable Homeownership Program | Zero-Interest Loan | Below-market pricing on homes built or renovated by House of Hope CDC | No | View → |
| South County Habitat for Humanity Homeownership Program | Zero-Interest Loan | Affordable mortgage with below-market interest rate on Habitat-built home | No | View → |
- Type:
- Zero-Interest Loan
- Amount:
- Below-market pricing on homes built or renovated by House of Hope CDC
- First-time only:
- No
- Type:
- Zero-Interest Loan
- Amount:
- Affordable mortgage with below-market interest rate on Habitat-built home
- First-time only:
- No
How to Apply
Step 1: Check your eligibility. Most RIHousing programs require household income at or below 80% of the Area Median Income (AMI) for the Providence-Warwick metro area. The FirstGenHomeRI program is available to first-generation homebuyers who meet specific criteria.
Step 2: Complete homebuyer education. A HUD-approved homebuyer education course is required for most programs. The Housing Network of Rhode Island offers the only HUD-approved curriculum in the state and can be reached at (401) 721-5680.
Step 3: Contact an RIHousing-approved lender. RIHousing works with a network of participating lenders who can help you access programs like Extra Assistance, Spring7500, and FirstGenHomeRI. Washington Trust also offers an I Luv RI Community Lending Program with reduced rates for income-qualifying first-time buyers statewide.
Step 4: Get pre-approved for a mortgage. Work with your chosen lender to determine how much home you can afford and which programs you qualify for. A minimum credit score of 620 is typically required for RIHousing programs.
Step 5: Find a home within program limits. RIHousing programs have purchase price limits that vary by county. Your lender can confirm the current limits for Washington County properties.
Step 6: Submit your program applications. Your lender will guide you through the application process for each program. South County Habitat for Humanity at (401) 213-6735 also offers affordable homeownership for income-qualifying families in Washington County.
Frequently Asked Questions
How much down payment assistance can I get in North Kingstown?+−
Do I have to be a first-time homebuyer to qualify?+−
What is the maximum home price I can pay using these programs?+−
What homebuyer education is required?+−
Does North Kingstown offer its own town-funded down payment assistance?+−
Can I use Habitat for Humanity to buy a home in North Kingstown?+−
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