Up to $40,000
FHLBank Boston Lift Up Homeownership
Assistance grant · First-time homebuyers · Income limit 120% of area median income
Names: first-generation homebuyers · Homebuyer class required
See details →Programs by situationPrograms by situation · Rhode Island
Down payment assistance for first-generation homebuyers in Rhode Island
2 programs name first-generation homebuyers: 2 statewide.2 programs in Rhode Island name first-generation homebuyers among the groups they serve: 2 open statewide.
Naming a group is one eligibility rule among several. Each program also sets an income limit, a price cap, an occupancy rule and a credit requirement. Being a first-generation homebuyer puts a program on this list; it does not decide whether you can use it.Each program below also sets its own income limit, purchase price cap, occupancy rule and credit requirement. Being a first-generation homebuyer gets a program onto this list; it does not decide whether you can use it.
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The 2 programs, closest first
Open anywhere in Rhode Island
Listed A–Z within each group, not ranked.A city program covers homes inside that city; a county or regional program, homes in its area; a statewide program, an eligible home anywhere in Rhode Island. Listed A–Z within each group, not ranked.
In a Rhode Island city 0 programs
No Rhode Island city program names first-generation homebuyers. 2 cities run a program of their own.No Rhode Island city program names first-generation homebuyers in its record. 2 Rhode Island cities run a program of their own, open to eligible homebuyers whatever their work or service. Browse Rhode Island cities →
Anywhere in Rhode Island 2 programs
Can sit alongside a city or county program where both allow itUp to $25,000
FirstGenHomeRI Down Payment Assistance
Forgivable loan · First-time homebuyers
Names: first-generation homebuyers · Homebuyer class required
See details →What to know
What the 2 records say
From each program’s own record. The agency decides who can use it.Counted from each program’s own record. A program’s agency decides who can use it.
- 2 of 2
ask for a homebuyer education class.
- 2 of 2
are limited to first-time homebuyers, as each program defines it.
- 1 of 2
name an FHA, VA, USDA or conventional loan they can be paired with.
Free help in Rhode IslandFree help in Rhode Island
5 HUD-approved counseling agencies in Rhode Island5 HUD-approved housing counseling agencies in Rhode Island
All 2 of these programs ask for a homebuyer class. A HUD-approved counselor teaches it and can walk you through every rule a program sets.All 2 of these programs ask for a homebuyer class. A HUD-approved counselor teaches it and can walk you through every rule a program sets, including the ones that have nothing to do with being a first-generation homebuyer. Create a free account to see who’s near you.
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Questions, answered
Does being a first-generation homebuyer mean I can use these programs?
No. These programs name first-generation homebuyers in their eligibility rules, which is why they are grouped here, but every program also sets income limits, purchase price caps, credit and occupancy requirements. Membership in a group is one rule among several.
Is Hey Prescott a lender?
No. Hey Prescott is an educational directory of down payment assistance programs. We list programs and link to official sources; we do not make loans or give individualized lending advice.
Programs and counts: Hey Prescott program records, each verified with its administering agency (July 2026). Counselors: HUD housing counseling agency list. Hey Prescott is not a lender.