Rhode Island down payment assistance, deep-checked against current state program sources.
A current inventory of state-run and state-administered assistance in Rhode Island, plus national DPA options. Funding and rate sheets can still change after this review date.
Reviewed September 11, 2026 • Joshua Dobson, NMLS #190260
Quick comparison
| Program | Potential assistance | Published min. FICO | Repayment/Forgiveness | Biggest catch |
|---|---|---|---|---|
| RIHousing 15kDPA | $15,000 | 660 | 0% second, no monthly payments; due upon specified occupancy/title/sale/encumbrance triggers | Verify live funding and current lender matrix before relying on the program. |
| RIHousing FirstGenHomeRI | $25,000 | 660 | 0% assistance forgivable after 5 years of required primary occupancy | Verify live funding and current lender matrix before relying on the program. |
| RIHousing Extra Assistance | Up to 6% of purchase price or $20,000, whichever is lower | 620 | 15-year second mortgage; interest equals RIHousing first-mortgage rate | Verify live funding and current lender matrix before relying on the program. |
RIHousing 15kDPA
RIHousing 15kDPA is a current state-administered homebuyer assistance option. Mortgage Navigator uses the administering agency as the controlling source and avoids filling changing details with stale third-party numbers.
Published minimum FICO: 660
RIHousing FirstGenHomeRI
RIHousing FirstGenHomeRI is a current state-administered homebuyer assistance option. Mortgage Navigator uses the administering agency as the controlling source and avoids filling changing details with stale third-party numbers.
Published minimum FICO: 660
RIHousing Extra Assistance
RIHousing Extra Assistance is a current state-administered homebuyer assistance option. Mortgage Navigator uses the administering agency as the controlling source and avoids filling changing details with stale third-party numbers.
Published minimum FICO: 620
National programs Rhode Island buyers should also check
National Homebuyers Fund
NHF multi-state assistance may be available through participating lenders. Current lender/product terms control credit, pricing, assistance and repayment or forgiveness.
Published minimum FICO: product/lender specific
Chenoa Fund
Chenoa Fund provides FHA down-payment assistance through approved lender partners. Current matrices control credit, pricing and second-mortgage terms.
Published minimum FICO: product/lender specific
Rhode Island's biggest DPA lesson
Rhode Island currently markets three distinct RIHousing assistance programs: 15kDPA, FirstGenHomeRI and Extra Assistance. The RI REALTORS grant is explicitly closed and is excluded from active options.
Let Josh compare the available programs.
Send the city/ZIP, purchase price, credit range, household income and first-time-buyer status.