Forgivable loan
City of Providence Down Payment & Closing Cost Assistance Program
First-time homebuyers · Income limits
Down payment assistance · Providence County
Buying a home in Providence, RI
2 Providence programs, 3 county programs and 11 statewide.Providence has 2 programs of its own, 3 more across Providence County, and 11 statewide. Here is what each one offers, what the local market looks like, and who near you can walk you through it.
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Only for Providence addresses
Providence’s own programs
Shared-appreciation loan
SWAP Inc. Community Land Trust Affordable Homeownership (Build a Buyer)
First-time homebuyers · New construction · Income limits · Single Family · Condo · 2-4 Unit
Anywhere in ProvidenceAnywhere in Providence County
3 county programs3 county programs a Providence homebuyer can also use
1 more program is for homes in Cranston. See them 1 program in neighboring cities — for homes inside those cities, not Providence
- Cranston — City of Cranston First-Time Homebuyers Closing Cost Assistance Program
The Providence marketThe Providence housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in Providence
- 26.1% single-familysingle-family
- 3.9% townhousetownhouse
- 44.8% 2–4 units2–4 units
- 25% 5+ unitscondo & apartment buildings (5+ units)
- 0.2% mobile & othermobile home & other
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Providence’s homes were built
pre-19401970s2020+
81.5%
of Providence homes were built before 1980. Pre-1978 homes come with a federal lead-paint disclosure.of homes were built before 1980. A home built before 1978 comes with a federal lead-paint disclosure, and some programs require an inspection.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25034.
$112,100
County area median income, 4 people (HUD)HUD area median income, Providence County, 4-person household (2026)
$68,119
Providence median household incomeMedian household income in Providence (Census, 2024)
16 of the 78 programs here set their income limit as a share of Providence County’s area median income, adjusted for household size. See the published limits for Providence County
Free help nearbyFree help near Providence
5 HUD-approved counseling agencies within 15 miles5 HUD-approved housing counseling agencies within 15 miles
5 programs here ask for a homebuyer class first. Create a free account to see who’s near you and pick one.All 5 local programs here ask for a homebuyer class. A HUD-approved counselor teaches it and can walk you through your options. Create a free account to see who’s near you and pick one.
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Across Rhode Island and nationwide
73 statewide & federal programs11 statewide programs, plus federal options
Providence questions
Does Providence have its own down payment program?
Yes, 2: City of Providence Down Payment & Closing Cost Assistance Program and SWAP Inc. Community Land Trust Affordable Homeownership (Build a Buyer). Each is for homes inside Providence.
Can I use assistance on a condo in Providence?
Each program sets which kinds of homes it accepts. Where the agency publishes them, the program’s page lists them; the agency confirms it for the home you choose.
What is the income limit in Providence County?
Each program sets its own. 16 of the programs here set theirs as a share of HUD’s area median income for Providence County, adjusted for household size. HUD publishes the median each year; the 2026 figure is shown above and on the published limits page.
Where can I take a homebuyer class near Providence?
HUD-approved housing counseling agencies teach homebuyer classes, and 5 agencies are within 15 miles of Providence. Create a free account and take the 90-second match to see the ones near you.
ZIP codes
02901 · 02902 · 02903 · 02904 · 02905 · 02906 · 02907 · 02908 · 02909 · 02912 · 02918 · 02940
Nearby in Providence
Sources
Sources: agency sites (July 2026), Census ACS 2024 5-year, HUD FY2026, HUD counseling list. Hey Prescott is not a lender.Programs: Hey Prescott catalog of 2,000+ programs, each verified with its agency (July 2026). Market: U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Income: HUD FY2026 income limits. Counselors: HUD list of approved housing counseling agencies. Hey Prescott is not a lender.