Rhode Island Housing Loans for First-Time Buyers
David Licciardi - Main Street Home Loans helps first-time buyers in Rhode Island use Rhode Island Housing (RIHousing) programs. RIHousing is the state housing agency that offers down payment assistance and affordable home loans to buyers who meet income limits. David serves RI cross-border buyers in Pawtucket and Cumberland. NMLS #212449. Equal Housing Lender.
What is Rhode Island Housing?
RIHousing is the state housing finance agency for Rhode Island. It helps people buy a home with affordable loans and down payment help. You apply through an approved lender.
Down payment assistance options:
RIHousing offers a few ways to help with the down payment and closing costs:
- Extra Assistance Loan: down payment and/or closing cost help up to 6% of the purchase price or $20,000, whichever is lower.
- 15kDPA Program: $15,000 toward down payment and/or closing costs as a 0% interest loan for first-time buyers.
- FirstGenHomeRI: $25,000 in down payment and/or closing cost help for first-generation buyers. (Source: RIHousing and partner-lender summaries.
Income limits:
RIHousing 2026 income limits are reported around $137,160 for households of up to two people and $160,000 for families of three or more. (Source: 2026 program summaries.
Who it is for ?
- First-time buyers in Rhode Island who meet the income limit
- Buyers who need help with the down payment or closing costs
- First-generation buyers (for the FirstGenHomeRI option)
How it adds up:
Combined with down payment assistance and tax credits, RIHousing loans can let some borrowers finance close to 100% of the purchase price. David can show you what your numbers look like.
How to start:
David Licciardi reviews your income and savings, checks the current RIHousing limits, and tells you which option fits. There is no cost to ask.
Official program link: https://www.rihousing.com/
Frequently Asked Questions
Compliance : NMLS #212449 (David) · #2893 (branch). NFM Lending, LLC dba Main Street Home Loans. Licensed in CT, FL, ME, MA, NH, RI. Equal Housing Lender. Not affiliated with or endorsed by any government agency. Not a commitment to lend.
