FirstGenHomeRI Down Payment Assistance

Rhode Island Housing

Available Down Payment

About This Program

Provides forgivable down payment and closing cost assistance to first-generation homebuyers in Rhode Island. Must purchase a home within RI and meet income limits. Loan forgiven after 10 years of occupancy. Combined with RIHousing first mortgage.

Forgivable loan for down payment and closing costs, forgiven after 10 years

Key Details

  • Up to $50,000 forgivable loan for down payment
  • For first-generation homebuyers in Rhode Island
  • Income limits apply (varies by household size)
  • Forgiven after 10 years of owner-occupancy
  • Must be used with RIHousing mortgage

How to Apply

A grant-savvy contractor in Johnston, RI can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Deadline: Applications accepted until funds exhausted

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

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