Are you thinking of buying your first home in Rhode Island? Would you like a free gift of money to help you purchase that first home? Good news! The state of Rhode Island provides free grant money for its residents who are first time home buyers and need help coming up with the down payment and closing costs as some other states do. Additionally, there is Federal Grant money available as well as grants from private foundations. This is free money that shouldn’t be passed up! The grant awards can be in the thousands of dollars. It will be well worth your time to educate yourself about the grant programs available to Rhode Island residents.
Rhode Island Housing offers a line of safe, affordable products and services designed to help first-time and non-first-time homebuyers safely buy and keep a home.
FirstHomes Features
Down-Payment Assistance
For many families, coming up with a down payment can be very difficult. FirstHomes can help. You may be eligible for our no-down payment option or grant money. Some grants for down payments do not need to be paid back.
Closing-cost Assistance
Depending on your income, Rhode Island Housing offers ways to help you pay for closing costs. They offer several kinds of grants, some of which never need to be repaid. They also offer low-interest closing-cost loans that can be paid back over 15 years. To get complete details on all programs offered, simply visit this website.
Here is the contact information for Rhode Island Housing:
Rhode Island Housing
44 Washington Street
Providence, RI 02903
Phone: 401-457-1234
Toll Free: 800-427-5560
TTY: 401-450-1394
Federal First Time Home Buyer Grants
Besides the state programs, there are federal funds and grants available to first time home buyers in Rhode Island through the Homes and Communities program of the United States Department of Housing and Urban Development. On their website you’ll find complete grant information, application forms, description of requirements for available funds, as well as many other helpful tools.
Every potential first time home buyer should investigate what they have to offer. You can visit the website by going here: US Dept. of Housing and Urban Development. Also, there is a website that has a complete list of all grant programs available through the United States Federal Government: Grants.gov. First time home buyers should plan to spend the required time investigating to determine how many individual grants they may qualify for. You can visit the website by going to Grants.gov and using their handy search tool to hunt for more information.
Other First Time Home Buyer Grants in Rhode Island
In addition to the grant programs described above, the U.S. Department of Housing and Urban Development provides home buyer assistance and grants in every state. There are multiple grant programs designed specifically for people that meet certain requirements, such as grants for people with disabilities so they can continue to live independently at home. It is worth visiting HUD’s website to see what assistance is currently available. For your convenience, simply go to this website.
Here is the contact information for the HUD office in Rhode Island:
Providence Field Office
121 South Main Street
Suite 300
Providence, RI 02903-7104
Phone: (401) 277-8300
Fax: (401) 277-8398
There are also these local programs:
Cranston Closing Cost Assistance Program (CCAP) (401) 461-1000
Pawtucket Starter Home Grant Program (SHG) (401) 724-5200
Providence Dept. Planning & Development Down Payment/Closing Cost Assistance Program (DAP) (401) 351-4300
Woonsocket Spring Ahead Value Enterprise (SAVE) (401) 762-9228
