Contemplating purchasing your first house? We now have what you need.

  • Down closing and payment expense help
  • Programs to assist you purchase and renovate the true house of one’s fantasies
  • A local Loan Center and a statewide community of approved lenders

PROCEDURES TO HOMEOWNERSHIP

Get Educated!

Have a Homebuyer Education course and discover all you need to realize about buying and home loan funding.

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Get pre-approved

Getting pre-approved allows you to a far more attractive buyer and provides greater settlement energy.

Find a property

Make use of a certified estate that is real to get the house that fits both your requirements as well as your spending plan.

Sign a contract

By doing this step, you are going to finalize the regards to your agreement and loan.

Make an application for a loan

RIHousing provides a selection of home loan choices; learn more about which loan is suitable for you or use now.

Close and be a home owner!

Complete the last demands in the closing procedure and revel in your brand-new home!

Our streamlined application syncs together with your bank to truly get you accurate figures, fast.

Which kind of loan do you want? Exactly How will this home be utilized?

Residence Refinance

For refinance choices, please contact certainly one of our Participating Lenders.

Primary Residence

Second/ Vacation Home

Rental/ Investment Property

For 2nd domiciles or investment properties, please contact certainly one of our Participating Lenders.

Had been that you home owner on a residential property that has been your main residence into the final 36 months?

Please contact certainly one of our Participating Lenders.

Whenever would you want to purchase a house?

I’ve a finalized purchase and product product sales agreement

Immediately- I’m making an offer

I’m shopping & have always been considering an options that are few

Inside the couple that is next

Maybe maybe Not yes- i do want to know if I’m able to manage

We have a finalized purchase and sales agreement

Immediately- I’m making an offer

I’m shopping & have always been considering an options that are few

Inside the next few months

Perhaps Not yes- i do want to determine if i could manage

Today get preapproved!

FIRST-TIMEHOMEBUYERLOANS

  • 100% funding available (no down payment needed)
  • Advance payment and/or shutting expense support
  • No mortgage insurance system readily available for qualified borrowers

HOMEBUYER RENOVATION LOANS / 203(k)

  • Loan for borrowers investing in home that requires renovations
  • Funds the home loan and renovations
  • 100% funding available (no advance payment needed)
  • Closing expense assistance available

VERY VERY FIRST HOMES TAX CREDIT

  • Tax cost savings for eligible borrowers
  • Reduces a borrower’s tax liability that is federal
  • Could be advertised each for the life of the mortgage year

Move up

& Refinance Loans

Seeking to offer your house and get an one that is new? Move Up loans need as little as 3% down!

Go up & Refinance Loans

Seeking to offer your property and purchase an one that is new?

Move Up loans need as low as 3% down!

SPRING7500 Down Payment Assistance

Limited Funds – Act Now RIHousing’s new Spring7500 campaign provides a $7,500 advance payment support loan to qualified first-time homebuyers in Rhode Island.

SPRING7500Down PaymentAssistance

Limited Funds – Act Now RIHousing’s new Spring7500 campaign provides a $7,500 advance payment support loan to qualified first-time homebuyers in Rhode Island.

Get Educated.

There’s a lot of competition available to you today. Whenever you get the house of one’s fantasies, we would like one to get ready. Our Homebuyer Education classes will arm you by what you must know. Sign up for a course today and find out about:

  1. Steps to Buying A house, such as the home loan application procedure
  2. Breakdown of RIHousing loan programs
  3. Financial Considerations: credit, financial obligation and preparation for future years

Homebuyer Education can be obtained in-person and online, in English and Spanish.

Clients that are first-time homebuyers have to simply take a Homebuyer Education course ahead of closing for a loan that is rihousing.