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RIHousing Extra Assistance

Quick answer

RIHousing Extra Assistance is a Rhode Island down payment assistance program from Rhode Island Housing. It provides Up to 6% of the purchase price or $20,000, whichever is lower as a repayable second mortgage. It is aimed at first-time buyers. The minimum credit score is 620. Eligibility, income limits and funding are set by the agency, so confirm current terms on its official page.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast verified

Who qualifies for RIHousing Extra Assistance?

First-time buyers purchasing a 1–4 family home or condo with a RIHousing-funded first mortgage.

DetailProgram terms
AssistanceUp to 6% of the purchase price or $20,000, whichever is lower
TypeRepayable second mortgage
Minimum credit620
First-time buyerRequired
Income limitsSee official page

How does RIHousing Extra Assistance work with an FHA loan?

Rhode Island's 2026 FHA one-unit limits start at $787,750, which supports a price of about $816,000 with 3.5% down. On a $250,000 home, the minimum FHA down payment is $8,750 — assistance of up to $20,000 could cover it and part of closing costs, subject to program rules.

Where do I confirm current terms?

On the official page: https://www.rihousing.com/homebuyers/extra-assistance/. Programs can pause when funds run out, so confirm availability with a participating lender.

“Up to 6% of the purchase price, or $20,000, whichever is lower” — Rhode Island Housing

← All Rhode Island down payment assistance programs

Frequently asked questions

Up to 6% of the purchase price or $20,000, whichever is lower, according to Rhode Island Housing.

Yes — it's a second mortgage with its own repayment terms.

A minimum 620 credit score.

Sources

Data last updated October 23, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.