Forgivable loan
City of Woonsocket First Home Down Payment Assistance Program
First-time homebuyers · Income limits
Down payment assistance · Providence County
Buying a home in Woonsocket, RI
1 Woonsocket program, 3 county programs and 11 statewide.Woonsocket has 1 program 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 Woonsocket addresses
Woonsocket’s own program
Anywhere in ProvidenceAnywhere in Providence County
3 county programs3 county programs a Woonsocket homebuyer can also use
2 more programs are for homes in Cranston and Providence. See them 2 programs in neighboring cities — for homes inside those cities, not Woonsocket
- Cranston — City of Cranston First-Time Homebuyers Closing Cost Assistance Program
- Providence — SWAP Inc. Community Land Trust Affordable Homeownership (Build a Buyer)
The Woonsocket marketThe Woonsocket housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in Woonsocket
- 26.2% single-familysingle-family
- 2.3% townhousetownhouse
- 39.6% 2–4 units2–4 units
- 32% 5+ unitscondo & apartment buildings (5+ units)
- 0% mobile & othermobile home & other
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Woonsocket’s homes were built
pre-19401970s2020+
82.6%
of Woonsocket 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)
$61,059
Woonsocket median household incomeMedian household income in Woonsocket (Census, 2024)
16 of the 77 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 Woonsocket
6 HUD-approved counseling agencies within 15 miles6 HUD-approved housing counseling agencies within 15 miles
4 programs here ask for a homebuyer class first. Create a free account to see who’s near you and pick one.All 4 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
Woonsocket questions
Does Woonsocket have its own down payment program?
Yes, one: City of Woonsocket First Home Down Payment Assistance Program, a forgivable loan for first-time homebuyers (forgiven over 5 yrs, income limits). It is for homes inside Woonsocket.
Can I use assistance on a condo in Woonsocket?
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 Woonsocket?
HUD-approved housing counseling agencies teach homebuyer classes, and 6 agencies are within 15 miles of Woonsocket. Create a free account and take the 90-second match to see the ones near you.
ZIP codes
02895
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.