See programs you qualify for
Get Matched Free →By Tyler Thompson · Licensed Real Estate Agent · Updated April 3, 2026
Homebuyer Programs in North Providence, RI (2026)
North Providence is a suburban town in Providence County, Rhode Island, bordering the capital city of Providence, with a population of about 34,800 and a median home price near $363,000. While North Providence does not currently offer a town-funded down payment assistance program, buyers here benefit from several strong state-level programs. The RIHousing 15kDPA program provides up to $15,000 in down payment and closing cost assistance as a deferred loan, and the RIHousing Extra Assistance program offers up to 6% of the purchase price or $20,000 as a forgivable loan. The RIHousing Spring7500 program provides $7,500 in forgivable assistance. Habitat for Humanity of Greater Providence and East Bay also serves North Providence with affordable homeownership opportunities. By combining state and federal programs, North Providence homebuyers can access significant assistance to make homeownership more affordable.
City Programs in North Providence
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| North Providence Housing Authority HCV Homeownership Program | Zero-Interest Loan | Monthly Housing Assistance Payment applied toward mortgage and homeownership expenses | Yes | View → |
- Type:
- Zero-Interest Loan
- Amount:
- Monthly Housing Assistance Payment applied toward mortgage and homeownership expenses
- First-time only:
- Yes
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 |
|---|---|---|---|---|
| Habitat for Humanity of Greater Providence Homeownership Program | Zero-Interest Loan | Affordable mortgage with below-market terms | No | View → |
- Type:
- Zero-Interest Loan
- Amount:
- Affordable mortgage with below-market terms
- First-time only:
- No
How to Apply
Step 1: Check your eligibility. Most Rhode Island state programs require household income at or below 80% of the Area Median Income and a minimum credit score of 620. Review the specific income limits for Providence County on the RIHousing website.
Step 2: Complete homebuyer education. Rhode Island requires HUD-approved homebuyer education for most assistance programs. Contact RIHousing's HelpCenter at 401-457-1000 to find an approved course. Habitat for Humanity of Greater Providence and East Bay also offers homebuyer resources and can be reached at (401) 831-5424.
Step 3: Get pre-approved for a mortgage. Work with an RIHousing-approved lender to get pre-approved for a first mortgage. People's Credit Union and Navigant Credit Union both serve the North Providence area and participate in state homebuyer programs.
Step 4: Research available programs. Review the RIHousing 15kDPA program, Extra Assistance program, and Spring7500 program to determine which programs you qualify for and how they can be combined for maximum benefit.
Step 5: Find a home within program limits. Search for homes in North Providence that meet program purchase price requirements. Work with your lender and real estate agent to ensure the property qualifies.
Step 6: Submit your application. Your RIHousing-approved lender will help you apply for down payment assistance programs as part of your mortgage process. Start early and have all documentation ready, as processing times vary by program.
Frequently Asked Questions
How much down payment assistance can I get in North Providence?+−
Do I have to be a first-time homebuyer to get assistance in North Providence?+−
What is the maximum home price I can pay using assistance programs?+−
What homebuyer education is required?+−
Does North Providence have its own town-funded down payment assistance?+−
Can I combine multiple assistance programs in North Providence?+−
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