$25,000 forgivable loan for first-generation homebuyers. 0% interest, forgiven over 5 years.
Rhode Island's FirstGenHomeRI provides $25,000 as a forgivable grant for first-generation homebuyers. The program targets the racial and economic wealth gap by providing significant DPA to buyers whose parents don't own property.
$25,000 in Rhode Island's market can cover the full down payment on a home up to $714,000 with FHA financing. The forgiveness feature means qualifying buyers keep the entire $25,000 as equity if they meet occupancy requirements.
$25K forgivable in 5 years for first-gen buyers. One of the best first-gen programs nationally.
We'll show you how to combine FirstGenHomeRI (Rhode Island) with other programs to maximize your free money — personalized to your ZIP code and income.