FHA Home Loans in Rhode Island

FHA loans have been helping Rhode Island residents since 1934 

A Rhode Island FHA Lender can offer you a better loan including:

  • Low down payments (if any)

  • Low closing costs

  • Easy credit qualifying

  • 48 hour Streamline Refinancing

How it works:

√   Determine the best type of FHA loan that best fits your needs

√   Complete an easy 2 minute form

√   An FHA Loan Specialist will respond within 1 business day.

√   Review with no obligations your loan approval and locked rate. 

           

             Free Online Application

  • As of September 1 , 2011, Borrowers can finance 96.5% of the purchase price and put down only 3.5 percent. In some instances, when combined with other types of loans, the down payment can be zero.

  • Allowable refinance up to 115% of your homes value.

  • Let us help roll your closing costs into your loan total.
 
9:00am Eastern
Product Interest Rate APR
Conforming 1and FHA Loans
30-Year Fixed 4.000% 4.180%
30-Year Fixed FHA 3.750% 4.705%
15-Year Fixed 3.375% 3.691%
5-Year ARM 2.375% 3.199%
5-Year ARM FHA 2.875% 3.052%
Larger Loan Amounts in Eligible Areas – Conforming and FHA.1
30-Year Fixed 4.000% 4.130%
30-Year Fixed FHA 3.875% 4.784%
5-Year ARM 2.625% 3.283%
Jumbo1 Loans – Amounts that exceed conforming loan limits1
30-Year Fixed 4.250% 4.382%
5-Year ARM 2.500% 3.195%

1Important Disclosures >View/ Print

 

 

Rhode Island FHA Lending Limits

 

County Single Family 2 Units 3 Units 4 Units
BRISTOL $316,350 $359,397 $434,391 $539,835
KENT $316,350 $359,397 $434,391 $539,835
NEWPORT $316,350 $359,397 $434,391 $539,835
PROVIDENCE $316,350 $359,397 $434,391 $539,835
WASHINGTON $316,350 $359,397 $434,391 $539,835

 

 
 
 
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