
Rhode Island Housing 10k Down Payment Assistance
Terms and Conditions
- Zero percent (0%) interest
- No monthly payments due
- No fees or charges (including application, housing counseling, or recording fees)
- The loan is structured so the amount borrowed is only due when the first of the following occurs:
- Borrower no longer occupies home as primary residence;
- the property is sold, conveyed, transferred, assigned, encumbered, or mortgaged; or
- if all or any portion of the title to the property becomes vested in anyone other than the Borrower.