Market Explosion Coming Soon?
Check out this new local article on the factors that could trigger a RI Real Estate market explosion…
NEW $17,500 GRANT ANNOUNCED FOR FIRST TIME HOMEBUYERS
The Program offers down payment and closing cost assistance to help first-time homebuyers address rising housing costs in today’s competitive market. The down payment assistance is a grant that does not need to be repaid.
ARE YOU ELIGIBLE FOR THIS COMPLETELY FORGIVABLE GRANT?
See below for eligibility
Eligibility
Be a first-time homebuyer* purchasing a 1-4 family home or condominium in Rhode Island
Have a minimum credit score of 660
Meet RIHousing income limits**
Complete a homebuyer education course (available online or virtually through RIHousing)***
Obtain a RIHousing-funded first mortgage through a Participating Lender or the RIHousing Loan Center
Occupy the home as your primary residence
* A first-time homebuyer is defined as an applicant who has not owned a home as their primary residence in the past three years
**Income limits are subject to change.
***Certificates obtained through a RI-based, non-profit, HUD counseling approved organization are also accepted.
READY TO START YOUR HOME SEARCH?
Are school ratings important for your home search?
Are school ratings important for your home search? Realtor.com shares a recent study that reveals 52% of millenials searching for a home say schools in the district are a deal breaker. If you identify with this statement but aren’t sure where to find fact based data with school ratings, consider visiting GreatSchools.Org. This non-profit organization collects, analyzes, and publishes data from state education departments to provide school quality ratings and insights to parents along with helpful family resources.
Woonsocket Adopt A Family, Inc
One of our favorite local charitable organizations, Woonsocket Adopt-A-Family is now accepting donors! This organization helps match needy families with donors willing to help provide Christmas presents to children. I know it’s early to be thinking about Christmas but the truth is there are already parents worrying about how they will afford to buy their childrens Christmas presents this year. Please use the link above to join us in adopting a family to make a magical Christmas morning for a child in Woonsocket this year. Together we are a better community.
