Get Started!

It takes less than 30 seconds to move toward homeownership. And it is free. Let us help you.



The City of Woonsocket (the City) is administering a federally-funded Program to provide qualified first-time Woonsocket home buyers with a loan in the amount of up to $5,000 to assist with down payment and an additional $150 for a program-required visual assessment/inspection fee. The no-interest loan will be partially forgiven ($2,500 after 5 years) and partially deferred ($2,650). The deferred loan includes the $150 program-required visual assessment/inspection fee. Repayment of the deferred loan is made at the time of sale, exchange or transfer of title. No portion of the forgivable portion will be prorated prior to expiration of the affordability period.

Applicants who meet the necessary qualifications will receive their loan on a first-come, first-served basis. There are limited funds available, and the City reserves the right to expand or terminate the program depending on the availability of funds and/or market conditions. In order to qualify, the applicant must complete all requirements as outlined in the application instructions.
Applicants must be at or below the applicable income limits and be first-time home buyers. Definition of a first-time home buyer is an individual, and his or her spouse, who have not owned a home during the 3-year period ending on the date of purchase of property.

The term first-time home buyer also includes a displaced homemaker or a single parent who has only owned a home with a spouse.
The applicant must complete a Housing and Urban Development (HUD) approved agency home buyer education class and provide a certificate of completion.

Housing Division / First Home Down Payment Assistance Program
Department of Planning & Development
City of Woonsocket
169 Main Street, PO Box B
Woonsocket, RI 02895
401-767-9228 (PH) . 401-766-9312 (FX)