Rhode Island Housing Programs, with John Castore.

Today we’re in the studio with John Castore from Semper Home Loans to talk about Rhode Island Housing programs, focusing on the First Time Buyer Tax Credit Program and the Rhode Island Refinancing Program.  John explains who is can benefit from this awesome program, how it works, and why you should take advantage of it.

First Time Buyer Tax Credit

Website

What is it?

A $2K tax credit program for those in certain areas of Rhode Island.

Who is eligible?

Eligible to anyone that hasn’t bought a home or owned a home in 3 years.  See the website for additional eligibility requirements.

What cities support this program?

Certain areas within Central Falls, Pawtucket, Providence, and Woonsocket.

RI Refinancing Program (Limited Time!)

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What is it?

A refinancing program where beneficiaries can receive up to $75K in forgivable assistance to reduce the balance owed.

Who is it for?

Those that owe more in mortgage on their house than what it is worth are likely to benefit from this program the most.

First Down Payment Assistance Program (Limited Time!)

Website

What is it?

Program for first time home buyers within a certain income bracket where $7.5K can be received to assist with a home purchase.

Who is eligible?

Eligible to anyone that hasn’t bought a home or owned a home in 3 years.  See the website for additional eligibility requirements.

What cities support this program?

Certain areas within Warwick, East Providence, Providence, Woonsocket, Cranston, and Pawtucket.


For More Information

To get in touch with John Castore, and for more information on Semper Home Loans, visit their website here: jcastore.semperhomeloans.com.