If you have any questions feel free to reach out, you call 617-405-3054, you can dm me here or on instagram or send an email at Kyle@ZanderRealtyGroup.com My team would be honored to help!

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RI Statewide DPA Grant Program!

If you want to buy a home but need down payment assistance, the new RI Statewide DPA Grant Program is here to help.

In this video, I'm going to show you how to take advantage of the new Rhode Island grant program and get the money you need to get your family a home and start building that generational wealth or maybe even purchase your dream home without having to worry about coming up with a large amount of money upfront.

If you’re new here or new to me, my name is Kyle and i make videos like this one about all sorts of cities towns areas and homes all over Greater Boston and Rhode Island,

So if you like that sort of thing, check out some of the videos on my Channel,

And If you want to make a move in the next 3 days or 3 years, reach out because I’m also a full time real estate broker and my team and I can probably help you make the move.

Together with Governor Dan McKee, RIHousing is pleased to announce the launch of the new RI Statewide DPA Grant Program offering $17,500 grants to assist with down payment and/or closing cost assistance.

The program is being funded with $30 million of the $250 million in federal American Rescue Plan Act (ARPA) State Fiscal recovery funds earmarked to address housing issues in Rhode Island. RIHousing will serve as the administrator of the program.

This program aims to put homeownership opportunities in reach of first-time homebuyers who face increased challenges due to rising housing costs by addressing one of the biggest barriers to owning a home in today's competitive market: the down payment.

What are the program requirements?
You must Be a first-time homebuyer* purchasing a 1-4 family home or condominium in RI
You Have a minimum credit score of 660
Meet RIHousing income limits** (currently is $112,555 for a 1-2 person household and $129,438 for 3+ person household)
Complete a homebuyer education course which is offered online or virtually through RIHousing or through a RI-based, non-profit, HUD-approved counseling organization . I will put links below this video
Obtain a RIHousing-funded first mortgage through a participating lender or RIHousing’s Loan Center
And last but not least, You must Occupy the home as the primary residence



What You can use the money for
-Down payment
-Closing costs
-Escrow funds
-Points
-Prepaying mortgage insurance
How much financial assistance will be available through the grant
The grant will provide up to $17,500 in financial assistance to buyers who qualify.
Where can the program be used
The RI Statewide DPA Grant Program can be used anywhere in the State of Rhode Island. Which is great news for anyone who is looking to purchase their first home in Rhode Island!

If you meet all the requirements, we can help you apply for the grant through one of our participating lenders. They will review your application and determine if you qualify for the program.

If you have any questions feel free to reach out, you call, you can dm me here or on instagram or send an email. My team would be honored to help!

As always, Please Like & share this video and please subscribe to the channel or follow me on socials & turn on your notifications so you don't miss out!

More info: [ Ссылка ]

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