Rhode Island Housing: Working together to bring you home

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Through our LastingHomes line of products, Rhode Island Housing works to ensure that, as existing homeowners, you can afford to live in and maintain your home for as long as you want.

LastingHomes products include: 

Home-equity Loans
Home Repair
Home-repair Loans
Access Independence Home-repair Loans
Community Septic System Home-repair Loans

LeadSafe Homes Loans  

Home-equity Loans
If you are an existing FirstHomes customer, you may be eligible for a
fixed-rate, low-interest loan that can be used for anything you choose. Based on the equity in your home and your income, you may be eligible to borrow up to $60,000 to use for things like home improvements, paying off high-interest loans, or tuition bills. And, in many cases, interest on home-equity loans is tax deductible.

• No points or application, title, credit report or appraisal fees to pay.
• Borrowers can have a maximum household income of $90,000.
• The minimum loan is $5,000. Loan terms range from 5 to 20 years.
• Only owner-occupied homes are eligible for home-equity loans.

• Only existing FirstHomes customers are eligible for home-equity loans.

Click here for Home Equity Loan Application

For more information about our Home-equity Loans,
contact us at 401-450-1344 or loaninfo@rhodeislandhousing.org.

Home Repair
HOME REPAIR LOANS: We also offer loan products specifically designed for repairing and improving existing homes. Generally you may use the money from our low-interest, fixed-rate loans for a range of projects including:
• Correcting building code violations
• Improving energy efficiency
• Repairing roofs
• Replacing septic systems
• Updating heating, plumbing or electrical systems
• Remodeling for accessibility for individuals with disabilities
• Removing hazardous substances such as
lead paint and asbestos

The maximum home-repair loan is $25,000. These are 20-year, fixed-rate mortgages. The interest rate matches our low
FirstHomes rate. There are no points, application fees or other charges.

Click here for Home Repair Application

For more information about Home-repair Loans,
contact us at 401-457-1127 or lgagnon@rhodeislandhousing.org.

ACCESS INDEPENDENCE HOME-REPAIR LOANS: On behalf of the state Department of Behavioral Healthcare, Developmental Disabilities and Hospitals, we also administer low-interest loans and grants for qualified low-and-moderate-income owners of single-family homes to remodel a home for individuals with physical limitations or disabilities. Funding is limited.  

For more information about Access Independence Home-repair Loans,
contact us at 401-457-1127 or lgagnon@rhodeislandhousing.org .  

COMMUNITY SEPTIC SYSTEM LOANS: In partnership with Rhode Island Clean Water Finance Agency and the state Department of Environmental Management, Rhode Island Housing offers loans to repair or replace septic systems in participating communities. The goal of the program is to safeguard public health and protect and improve ground and surface water resources by ensuring the proper functioning and maintenance of all septic systems.

Contact us at 401-457-1127 or lgagnon@rhodeislandhousing.org to find out if your community participates in this program.

QUALIFYING FOR HOME-REPAIR LOANS: Many Rhode Island families are eligible for Rhode Island Housing's low-interest loans and products for homeowners.

INCOME: In most areas of Rhode Island, if there are one or two people in your household, you may earn up to $87,800* (combined gross annual income) to qualify. The income limit for households of three or more people is $102,400.

LeadSafe Homes
LeadSafe Homes program helps Rhode Islanders lessen the dangers associated with lead in their homes through education, forgivable loans and support services. Whether you are a homeowner, homebuyer, landlord or developer, our program is designed to provide you with the support and resources you need throughout the entire process.

For more information about LeadSafe Homes, click here or contact us at 401-450-1350.

To get the latest rates 24 hours a day, call 401-457-1111. For more information, contact us at 401-450-1344 or

Affiliated Sites

Rhode Island Housing Help Center KeepSpace Rhode Island Housing Online Homebuyer Education HomeLocatorRI.net HousingWorksRI Fair Housing Rhode Island