Rhode Island Tax Credit
The government has provided the state of Rhode Island with $75 million to offer first time homebuyers (and new homebuyers who have not owned a home in the last three years) a 20% tax credit, up to $2,000 per year on the interest paid on a mortgage after July 1, 2014.
The “traditional” Fannie Mae or Freddie Mac loan. Down payment can be as low as 5%.
A government-backed loan for first time home buyers or those with higher debt to income ratio. Down payments starting at 3.5%.
FHA 203K Rehab Loan
Our in-house 203k rehab program allows the client to buy or refinance a home with a loan up to $31,000 above purchase price toward home repair or remodel. Quick turnaround time. Down payments starting at 3.5%.
FHA Back to Work Loan
If you have had a foreclosure, short sale, deed-in-lieu of foreclosure, or have declared bankruptcy you may qualify for a new home loan if you are back to work and can document the extenuating circumstances. Must complete HUD approved housing counseling.
A product tailored to those who are serving/ have served in the military. Up to 100% financing/ no down payment.
Loan for larger amounts – up to $2.5 million
RI & MA Housing
Not sure which to choose? Fill out the form below and we’ll contact you to answer all of your questions.