July 26, 2017
Looking to buy a home in Rhode Island or Florida? This assistance may be perfect for you! Rhode Island Housing and Florida Housing are both offering $1,500 in closing costs to qualified borrowers. Rhode Island Housing is the state’s housing finance agency that ensures those who live or work in Rhode Island can secure a healthy, attractive home that meets their budget and needs. Florida Housing provides a range of affordable housing opportunities for residents that help make Florida communities great places in which to live, work and do business.
Rhode Island Housing
In collaboration with Fannie Mae, Rhode Island Housing is offering a Summer Closing Cost Credit Program on all Fannie Mae purchase transactions. This $1,500 credit is applied to the borrower’s closing costs (including prepaid charges and upfront) but may not be used for down payment.
Florida Housing will be giving borrowers $1,500 as a closing cost assistance grant. These funds may only be used for additional closing cost assistance to first served, qualified borrowers on Conventional HFA Preferred and HFA preferred PLUS loans.
Contact a First Home Loan Officer today to learn more about RI’s and FL’s closing cost assistance before they run out! Click Here.