Rhode Island Housing Down Payment Assistance Loan

Rhode Island Housing

Available Down Payment

About This Program

Rhode Island Housing Down Payment Assistance Loan is available to homeowners in Cranston, RI.

Low-interest loan for down payment and closing costs for first-time homebuyers purchasing in Rhode Island. Loan is subordinate to first mortgage with favorable repayment terms.

Low-interest second mortgage for down payment assistance

Official source site checked live on 2026-06-22.

Data last verified 2026-05-25. How we verify our data.

In Cranston, RI, you can combine this program with other local help to cut your cost:

Key Details

  • Up to $15,000 for down payment and closing costs
  • Low-interest subordinate loan
  • For first-time homebuyers
  • Income and purchase price limits apply
  • Must use with RI Housing first mortgage

How to Apply

A grant-savvy contractor in Cranston, RI can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Your application paperwork

Documents you will likely need

  • Proof you own and live in the home (deed, recent mortgage statement, or property tax bill).
  • A government-issued photo ID for every owner on title.
  • Household income proof (recent pay stubs, last year's tax return, or benefit award letters for everyone in the home).
  • The program's own application form, completed (use the official link or phone number on this page).

Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.

Deadline: Rolling applications

Questions about this program?

Ask us. It is free, and a real person answers within a business day.

Email us about this program

Frequently asked questions

How much can Rhode Island Housing Down Payment Assistance Loan provide in Cranston, RI?

Up to $15,000 low-interest loan.

Who qualifies for Rhode Island Housing Down Payment Assistance Loan in Cranston?

Rhode Island Housing Down Payment Assistance Loan is open to homeowners in Cranston, RI.

How do I apply for Rhode Island Housing Down Payment Assistance Loan in Cranston, RI?

Apply directly with Rhode Island Housing using the official program link on this page or call (401) 457-1234. There is no middleman and no fee.

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

Find More Programs in Cranston, RI

This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.

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