🏡 First-Time Homebuyer Tips for Rhode Island Residents

Buying your first home is a major milestone—and in Rhode Island, it can be an exciting and rewarding journey! Whether you’re dreaming of a cozy cottage in Barrington or a modern condo in Providence, understanding the process and available resources can make all the difference. Let’s break it down! 🔍✨

💡 Step 1: Get Educated

Before diving into listings, take a Homebuyer Education class. These courses teach you about budgeting, credit, mortgage options, and the buying process. They’re often required for state assistance programs.

👉 Register for a class with RIHousing 

💰 Step 2: Explore Financial Assistance

Rhode Island offers generous programs to help first-time buyers with down payments and closing costs. Some highlights include:

• 15kDPA Program – Up to $15,000 in assistance
• FirstGenHomeRI – $25,000 for first-generation buyers
• Extra Assistance Program – Additional support for eligible buyers

👉 Learn more about these programs 

📝 Step 3: Get Pre-Approved

A mortgage pre-approval shows sellers you’re serious and financially ready. It also helps you understand your budget and narrow your search.

👉 Read about the pre-approval process

🏘️ Step 4: Understand the Local Market

In Barrington, RI, the median home price is around $700,000

. Homes sell quickly—often within 11 days—so being prepared is key. Work with a local Realtor who knows the market and can guide you through competitive offers.

👉 Explore Barrington’s housing trends 

✅ Step 5: Stay RESPA Compliant

As your Realtor, I follow the Real Estate Settlement Procedures Act (RESPA) to ensure transparency and fairness. That means:

• No hidden fees or kickbacks
• Clear disclosures about costs
• Ethical referrals and services

👉 Learn more about RESPA compliance

🤝 Ready to Begin Your Journey?

As a bilingual Realtor, I’m here to guide you with care, clarity, and commitment. Whether you’re buying your first home or just exploring your options, let’s talk!

📞 Contact me today and let’s make your homeownership dream a reality! 🏡🔑