Down payment assistance for USDA loans in Rhode Island
7 down payment assistance programs in Rhode Island name USDA loans among the loan types they can be paired with.
The loan type is one eligibility rule among several — income limits, purchase price caps and occupancy requirements still apply to each program below.
The programs
- RIHousing Extra Assistance Down Payment & Closing Cost LoanRIHousing (Rhode Island Housing and Mortgage Finance Corporation)
- RIHousing First-time Homebuyer Loan (First Mortgage)RIHousing (Rhode Island Housing and Mortgage Finance Corporation)
- RIHousing 15kDPA Down Payment AssistanceRIHousing (Rhode Island Housing and Mortgage Finance Corporation)
- RI REALTORS Homebuyer GrantRIHousing in partnership with The REALTOR Foundation: Rhode Island
- FirstGenHomeRI Down Payment AssistanceRIHousing (Rhode Island Housing and Mortgage Finance Corporation)
- USDA Section 502 Direct Loan Program (Rhode Island)USDA Rural Development, Rural Housing Service (CT/MA/RI State Office, Amherst MA; Warwick RI Area Office)
- USDA Section 502 Guaranteed Loan Program (Rhode Island)USDA Rural Development, Rural Housing Service (Single Family Housing Guaranteed Loan Program), through approved lenders
Questions, answered
Can down payment assistance be used with USDA loans in Rhode Island?
7 down payment assistance programs in Rhode Island name USDA loans among the loan types they can be paired with. The assistance program and the first-mortgage lender underwrite separately, so a lender must also be willing to accept the assistance as a source of funds.
Does naming USDA loans mean a program is available to everyone using one?
No. The loan type is one eligibility rule among several — income limits, purchase price caps, credit requirements and occupancy rules all still apply, and each program sets its own.
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.
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How USDA loans work with down payment assistance, nationally →
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