Rhode Island Down Payment Assistance Programs
Comprehensive guide to Rhode Island DPA programs through Rhode Island Housing. Get up to Up to $15,000 to help with your down payment and closing costs.
Rhode Island DPA Programs
Rhode Island Housing offers multiple down payment assistance programs to help Rhode Island homebuyers achieve homeownership with reduced upfront costs.
Provides substantial down payment and closing cost assistance with competitive rates. Assistance is a forgivable second mortgage.
Additional grant funds for eligible buyers that do not require repayment.
| Program | Type | Amount | Forgiveness |
|---|---|---|---|
| FirstHomes Program | Forgivable Loan | Up to $15,000 | 10 years |
| Grant Assistance | Grant | Up to $7,500 | N/A |
Eligibility Requirements
To qualify for Rhode Island down payment assistance programs, you typically need to meet these requirements:
- First-time homebuyer or haven't owned in 3 years
- Minimum credit score of 660
- Property must be in Rhode Island and primary residence
- Meet income and purchase price limits
- Complete homebuyer education
How to Apply for Rhode Island Down Payment Assistance
Follow these steps to access Rhode Island down payment assistance programs through duPont Lending
Get Pre-Qualified
Complete our quick online application to determine your eligibility and loan options.
Choose Your Program
Work with your loan officer to select the best Rhode Island DPA program for your situation.
Complete Education
Complete required homebuyer education course (we'll guide you to approved providers).
Close on Your Home
Finalize your loan with down payment assistance applied, reducing your upfront costs.
Ready to Access Rhode Island Down Payment Assistance?
Get pre-qualified in minutes and discover which Rhode Island DPA programs you qualify for. Our experienced team will guide you through every step of the process.
Official Rhode Island Resources
For more information about Rhode Island down payment assistance programs
Rhode Island Housing
Official state housing finance agency administering DPA programs in Rhode Island
Visit Official WebsiteNeed help navigating Rhode Island DPA programs? Our team specializes in down payment assistance and can help you determine which program is best for your situation.
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