Think You Can't Afford A Home? RI and MA

by TheCouryTeam.com

Think Again… there are many programs that can help you to purchase a home. Programs ranging from state grants, and federal grants, to private bank grants as well as closing cost credits, and so much more. All you have to do is read. I have compiled as many as I could find, with links here for your review.

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First, if you choose to use us (The Coury Team Realtors – Tricia or Eric) to buy a home (expires June 2023), we want to help you buy a home by paying up to $1,000 of your closing costs at closing.

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RI Housing $10kDPA

RIHousing’s 10kDPA program provides a $10,000 down payment assistance loan to ﬁrst-time home buyers in Rhode Island. The program is designed to help eligible first-time homebuyers with what is often the biggest hurdle to homeownership: the down payment.

RI Housing FirstGen Home RI

Helping first-generation homebuyers become the next generation of homeowners. FirstGenHomeRI opens the doors for first-generation homebuyers with $25,000 in down payment and/or closing cost assistance. The FirstGenHomeRI program is a pilot program with limited funds. The funds will be extended on a first-come, first-served basis to qualified homebuyers who have a Loan Commitment and a fully-executed purchase and sales agreement.

RI Housing Extra Assistance Program

RIHousing’s Extra Assistance program provides down payment assistance to eligible first-time homebuyers in Rhode Island. The program is designed to help homebuyers with what is often the biggest hurdle to homeownership: the down payment.

Housing Network of RI

The Housing Network of Rhode Island, in partnership with the City of Providence, provides up to $20,000 of Down Payment and Closing Cost Assistance to income-eligible homebuyers purchasing in the City of Providence.

MassHousning – MassDREAMS Program

Get up to $50,000 assistance in MA for down payment and closing cost grants for first-time homebuyers in Massachusetts communities that were hit the hardest by the economic effects of COVID-19.

Some Towns Have Their Own Down Payment Assistance

View Woonsockets site here.

View Cranstons Site here.

Less Than Great Credit?

Check out the Capital Good Fund. If you need money, but have less-than-perfect credit, there’s no better option than a loan from Capital Good Fund. We offer a variety of loan products to help you out in a pinch. We’re more flexible than banks and won’t rip you off like cash advance/payday lenders. You’ve just found your place for easy, honest, affordable loans.

Check with your LOCAL Community Banks & Credit Unions

Each bank or credit union might have its own programs to help Home Buyers secure housing. Some have grants, credits, and other programs like portfolio loans that might help. Call around or visit your local lender and simply ask. Do the legwork, there are some great programs out there!