Our FirstHomes Tax Credit Program Has Officially Launched!

Our recently launched FirstHomes Tax Credit program is another way for Rhode Island Housing to provide you with the tools you need to do your job. Many homebuyers are just learning of the tax credit and are turning to their REALTORSŽ for information about how they can take advantage of this exciting program.

The FirstHomes Tax Credit program was specifically designed to respond to the needs of our state's first-time homebuyers, helping them save up to $2,000 per year. The program offers income-eligible first-time homebuyers a tax credit providing a dollar for dollar reduction in their federal tax liability.

A buyer is eligible for the credit if they are a first-time homebuyer, or a non first-time homebuyer purchasing in targeted areas of the state.

To date, we have received 100 applications, with more coming in every day. Help your buyers get up to a $2,000 tax credit by using Rhode Island Housing's FirstHomes Tax Credit program -- this is perfect for first time buyers and lasts for the life of the loan.

Don't let the savings pass your clients by.

Help us spread this exciting news to your clients so they are aware of and have access to this incredible money-saving opportunity.

If you would like more information on the FirstHomes Tax Credit and how it can help your clients save some extra money, please contact me and I would be happy to walk you through this valuable program.

Many thanks to Governor Chafee who joined Rhode Island Housing and our state lending and real estate partners as we officially launched our FirstHomes Tax Credit Program at a recent press event. Check out our photos from this exciting event.

Did you know...

Our new Homeownership Microsite has a section devoted to helpful information and tools for homebuyers. With features like things to know before you buy, a mortgage payment calculator and much more, our microsite can help your clients learn what they need to know to proceed confidently along their path to homeownership.

Check out our Homebuying Info & Tools today and start sharing these helpful tips with your clients.

Contact me today to:

schedule training on products and services, including our new FirstHomes Tax Credit
pre-approve your customers
show you how your clients can finance 100%
learn about closing cost and down payment assistance
answer any questions you may have

Paul Sousa

psousa@rhodeislandhousing.org

About Rhode Island Housing

Since 1973, Rhode Island Housing has worked together with dedicated industry professionals to help more than 60,000 Rhode Islanders purchase their first home. What sets us apart is our ability to provide 100% financing, closing cost assistance and, in some cases, no mortgage insurance. In addition to our lending services, we are committed to providing your clients education and guidance to help them realize the dream of owning a home.

Current Rates

Saving with the

FirstHomes Tax Credit

Looking for more information about how saving with the FirstHomes Tax Credit works? Check out our infographic for a quick look at the numbers.

In the News

State incentives for homebuyers seen boosting market (PBN)

Housing agency offers tax credit for first-time buyers (PBN)

RI Housing unveils tax credit program for first-time homeowners (Providence Journal)

NBC 10's Business Lunch

The Rhode Show

PBN Q & A with Dee Southerland

Providence Business News caught up with Dee Southerland of Williams & Stuart Real Estate to discuss her work with first-time homebuyers and her third Realtor of the Quarter win. Click here to read the interview.

Homebuyer Education

Rhode Island Housing offers in-person and online classes to help homebuyers better understand the process of buying and keeping a home. Click here for more information.