First Time Buyer Incentives Available in Rhode Island

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First Time Buyer Cash Grants in Rhode Island

1st Time Buyer Incentive Programs in RI

Down Payment Assistance in RI

1st Time Buyer Home Mortgage Loans in RI

Rhode Island First Time Home BuyerProperty Buying Tip:

As a Rhode Island first time home buyer, there are many important things you need to do before purchasing real estate, but one of the most important is to actually research the market. You will hear terms like “buyer’s” and “seller’s” markets. Make sure you understand when it’s the most beneficial time for you to buy real estate.

Home Mortgage Tip:

Avoid paying Lender’s Mortgage Insurance (LMI), by giving 20 percent or more down payment when financing a mortgage. If you borrow more than 80 percent of your home’s value, the lender will require you to obtain LMI. LMI protects the lender for any default payment on the loan. It is usually a percentage of your loan’s value and can be quite expensive.