Get Up To $7,500 Down Payment Assistance!

First Down Program

Announced 1/7/19, Financial Assistance for Homebuyers in Rhode Island is BACK!

In an effort to assist potential homebuyers afford the costs of buying a new home, Rhode Island Housing offers the First Down Program, a forgivable loan that targets homebuyers in five Rhode Island communities: Providence, Pawtucket, Woonsocket, Warwick, and Cranson. The program aids first-time homebuyers with up to $7,500 in down payment assistance. And, it's even forgivable for some borrowers, meaning you may never have to pay it back.

The basic requirements for the program are:

You are a first-time homebuyer
Your total household income is less than $93,623 (for a 1-2 person household)
The home you're buying will be your primary residence
You are a legal United States Citizen

Interested in learning more about the program? Contact us and one of our expert Realtors™ will help identify your home goals and partner you with a Rhode Island Housing approved lender to get you on the right path to your first home! In the mean time, feel free to start browsing current listings.... your new awaits!

⬇️ Check out some of the great new homes in qualifying towns below! ⬇️

► Be sure to sign-up to receive daily or weekly email alerts of new listings in areas that qualify for the $7,5000 financial assistance. Our website is updated every 5 minutes by the MLS making sure you discover the best new homes before everybody else!

New Listings in Qualifying Towns

86 Rugby Street, Providence $45,000

Excellent investment or expansion opportunity in Providence! This vacant land parcel at 86 Rugby St offers an affordable entry point for investors, local builders, or adj...

Courtesy of REMAX Revolution

Listing courtesy of REMAX Revolution. Contact:

29 West Budlong Farm Road, Warwick image

29 West Budlong Farm Road, Warwick $169,900

Offered for sale for the first time in 40 years, this beautifully maintained cottage is ready for a new family to make lasting summer memories! Located in the highly desi...

2 Beds
1 Baths

Courtesy of RE/MAX Real Estate Center

Listing courtesy of RE/MAX Real Estate Center. Contact:

30 West Budlong Farm Road, Warwick image

30 West Budlong Farm Road, Warwick $219,900

Newly renovated from the studs up, this absolutely beautiful cottage feels just like a brand-new construction home. From the brand-new drywall down to the vinyl plank and...

2 Beds
1 Baths

Courtesy of RE/MAX Real Estate Center

Listing courtesy of RE/MAX Real Estate Center. Contact:

81 Indian Avenue, Providence $200,000

RAW LAND

Courtesy of Century 21 Envoy

Listing courtesy of Century 21 Envoy. Contact:

17 Turner Avenue, Cranston $189,000

Conforming Buildable Lot! Ready to go! Rare opportunity to purchase one the few remaining approved residential lots in Cranston. The Lot is 6000 sqft with a 60 ft fronta...

Courtesy of Independent Brks Realty Of RI

Listing courtesy of Independent Brks Realty Of RI. Contact:

174 Armistice Boulevard Unit A, Pawtucket image

174 Armistice Boulevard Unit A, Pawtucket $199,500

Exceptional Professional Office Space for Sale in Quality Hill Neighborhood Discover a premier opportunity to elevate your professional practice in the highly sought-aft...

Courtesy of Capital Leasing & Managment

Listing courtesy of Capital Leasing & Managment. Contact:

400 Narragansett Parkway Unit WB11, Warwick image

400 Narragansett Parkway Unit WB11, Warwick — Narragansett Village $199,000

Enjoy waterfront living in a highly desirable Warwick location! This top-floor, 688 sq. ft. one-bedroom condo features an open floor plan that creates a comfortable and i...

1 Beds
1 Baths

Courtesy of ELITE Property Group

Listing courtesy of ELITE Property Group. Contact:

Oakhurst Avenue, Warwick $99,900

RAW LAND - NO APPROVALS

Courtesy of Century 21 Envoy

Listing courtesy of Century 21 Envoy. Contact:

46 Alger Avenue, Providence $199,000

Estate sale, offered in as-is condition with no repairs or warranties. The buyer is responsible for the cleanout; if a fire certificate is needed, the buyer is responsibl...

3 Beds
1 Baths

Courtesy of Family First Realty RI, LLC

Listing courtesy of Family First Realty RI, LLC. Contact:

336 Killingly Street Unit D, Providence image

336 Killingly Street Unit D, Providence — Killingly Manor $180,000

Welcome to 336 Killingly Street, Unit D, a well-maintained condo in Providence, RI. This inviting unit offers a comfortable layout with great potential for both owner-occ...

2 Beds
1 Baths

Courtesy of Century 21 Envoy

Listing courtesy of Century 21 Envoy. Contact:

76 Park Street Unit 6, Pawtucket — Park Terrace $85,000

ATTENTION CASH BUYERS AND INVESTORS! PRICED WELL BELOW MARKET VALUE. Great opportunity to purchase a one-bedroom, one-bathroom condo at Park Terrace. The building offers ...

1 Beds
1 Baths

Courtesy of Harborside Realty

Listing courtesy of Harborside Realty. Contact:

15 Brockton Street, Providence $189,900

Providence-North end location, quiet residential neighborhood. This is an approved lot for a single family and an ADU, please see attachments. The lot is zoned R-3 which ...

Courtesy of Bruce Allen, REALTORS

Listing courtesy of Bruce Allen, REALTORS. Contact:

Pershing Street, East Providence $199,990

Land is being sold as is. This is commercially zoned raw land. Buyer/agent must do all of their own due diligence to determine the highest and best use of the land as wel...

Courtesy of RE/MAX Legacy

Listing courtesy of RE/MAX Legacy. Contact:

979 Toll Gate Road 5, Warwick $65,000

Welcome to this 2-bedroom, 1-bath home located in a desirable 55+ community. This home offers a great opportunity for a buyer looking to make some updates and add their o...

2 Beds
1 Baths

Courtesy of eXp Realty

Listing courtesy of eXp Realty. Contact:

Cranston $150,000

BUSINESS ONLY $150,000. Busy, well established, profitable turnkey auto repair & RI Safety/Emissions Inspection operation. Great location with very limited competition ...

Courtesy of Equinox Properties

Listing courtesy of Equinox Properties. Contact:

420 Rathbun Street Unit 10, Woonsocket image

420 Rathbun Street Unit 10, Woonsocket — 414-420 Rathbun Street $206,000

Space is the story here: 3 bedrooms, the largest unit in the complex. There's plenty of room for a growing household, a home office, or a strong rental layout. The privat...

3 Beds
1 Baths

Courtesy of Keller Williams Realty