RIHousing First Generation Home Buyers Program

Rhode Island Housing Finance Authority

Available Down Payment

About This Program

Provides down payment and closing cost assistance to first-generation homebuyers in Rhode Island whose parents do not own a home. Must complete homebuyer education and meet income limits. Available as forgivable second mortgage.

Down payment assistance forgivable over 10 years

Official program page checked live on 2026-06-17.

Data last verified 2026-06-09. How we verify our data.

Key Details

  • Up to $7,500 for down payment/closing costs
  • For first-generation homebuyers
  • Parents must not own a home
  • Must complete homebuyer education
  • Forgivable over 10 years

How to Apply

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

Your application paperwork

Documents you will likely need

  • Proof you own and live in the home (deed, recent mortgage statement, or property tax bill).
  • A government-issued photo ID for every owner on title.
  • Household income proof (recent pay stubs, last year's tax return, or benefit award letters for everyone in the home).
  • The program's own application form, completed (use the official link or phone number on this page).

Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.

Deadline: Ongoing

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