Income limits · Rhode Island

Income limits and price caps in Rhode Island

18 Rhode Island programs publish an income limit, a price cap, or both.18 Rhode Island programs publish an income limit, a purchase price cap, or both. Here is how to read one.

01
HUD sets the median
Each year, for every county, quoted for a household of four.Each year HUD publishes the area median income for every county, quoted for a household of four.
02
The program picks a share
Up to that share of the median for the county where the home is.A limit written as a share of area median income means up to that share of the median for the county where the home is.
03
The agency publishes the dollars
Adjusted for household size, in the program’s own table. That table is the one that counts.The program adjusts its limit for household size and county, and publishes its own table. That table is the one that counts.

Area median income by county

Find your county’s median

HUD’s four-person figure. Programs adjust it for household size.HUD’s four-person figure for the county where the home is. A program applies its percentage to this number, adjusted for household size by the program.

County	Area median income, 4 people	Programs in county	HUD year	Link
Providence	$112,100	6	FY2026	Providence programs →
Newport	$112,100	1	FY2026	Newport programs →
Bristol	$112,100	0	FY2026	Bristol programs →
Kent	$112,100	0	FY2026	Kent programs →
Washington	$112,100	0	FY2026	Washington programs →

HUD FY2026 Income Limits, median family income for a four-person household. Program counts: programs whose record names the county, Hey Prescott, verified July 2026. Statewide programs apply too.

How programs set their limits

The percentage each program publishesThe percentage each Rhode Island program publishes

Grouped by the limit in each program’s own record.Grouped by the limit written in the program’s own record. A program may also set lower tiers inside its limit; the program page has the details.

Up to 80% AMI

5 programs

All 5 →

FHLBank Boston Equity Builder Program (EBP)

Up to 120% AMI

2 programs

Up to 110% AMI

1 program

RI AnchorHome

Up to 115% AMI

1 program

USDA Section 502 Guaranteed Loan Program (Rhode Island)

Other limits

No percentage published · 9
Each sets its limit another way: a dollar figure, the agency’s own words, or a price cap only.
All 9 →

Limits as written in each program record, Hey Prescott, verified July 2026. Confirm current limits with the administering agency.

Purchase price caps

4 programs also cap the home’s price4 programs also cap the price of the home

The highest price the program accepts, as it publishes it.The cap is the highest purchase price the program accepts, as the program publishes it.

Program	County	Income limit	Price cap
FirstGenHomeRI Down Payment Assistance	—	—	$838,592
RIHousing 15kDPA Down Payment Assistance	—	—	$838,592
RIHousing Extra Assistance Down Payment & Closing Cost Loan	—	—	$838,592
RIHousing First-time Homebuyer Loan (First Mortgage)	—	—	$838,592

Sorted by cap. Caps as published by each agency, Hey Prescott program records, verified July 2026.

Not sure where your income lands?

5 HUD-approved counseling agencies in Rhode Island5 HUD-approved housing counseling agencies in Rhode Island

A counselor can walk through a program’s own income table with you, for free.A counselor can walk through a program’s own income table with you, for free. Create an account, take the 90-second match, and we’ll show the counselors near you.

Find my counselor

Free account → 90-second match → your counselors

Keep exploring Rhode Island

Rhode Island programs18 programsBack to Rhode Island →All 5 countiesLocal programs and mediansSee counties →2 cities with a programcranston and providenceSee cities →How income limits workCounted across every stateRead it →

Questions, answered

What are the income limits for down payment assistance in Rhode Island?

18 down payment assistance programs in Rhode Island publish an income limit, a purchase price cap, or both. 9 express the limit as a share of the area median income for the county where the home is, and 4 publish a flat dollar figure instead.

Why does the same program have different income limits in different counties?

Because most limits are set as a share of area median income, which HUD publishes per county and revises annually. A program with one published share therefore admits a different dollar figure in each county, and the program adjusts that figure for household size in its own table.

Is a published limit the same as being approved?

No. An income limit is one eligibility rule among several — credit requirements, purchase price caps, occupancy rules and homebuyer education all apply separately, and the first-mortgage lender underwrites on its own terms. Always confirm current figures with the administering agency.

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.

Sources

U.S. Department of Housing and Urban Development, FY2026 Income Limits: median family income, four-person household, by county. HUD’s own household-size tables →
Program limits and price caps: each administering agency, as recorded by Hey Prescott, verified July 2026.
HUD-approved housing counseling agencies: HUD agency list.