401-680-0690
Financial Assistance
Disclaim: We periodically shop for financial assistance programs through various financial institutions, non-profit organizations, and government agencies. All the programs are provided by 3rd party organizations and we do not have any connections with them. We do this only to inform our buyers so that they can have some more choices.
Rhode Island Housing. They provide $7500 for qualified first-time homebuyers as down payment.
Requirements:
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The purchased property must be in one of the six communities: Cranston, East Providence, Pawtucket, Providence, Warwick, Woonsocket.
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Loan limits: $424,100
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Income limits: for 1-2 person: $87,360
for 3+ person household: $101,920
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The down payment assistance of $7500 is forgivable after 5 years of owning and residing in the home.
For more information, go to FirstDownRI.org or call 401-457-1157.
Reference
https://www.fha.com/grants/rhode-island-housing-first-down-program