Rhode Island Mortgage Rates (2026)
Current average mortgage rates, median home prices, and top lenders in Rhode Island. Rates apply to primary residence purchases with good credit (740+).
30yr Fixed
6.98%
Avg APR
15yr Fixed
6.38%
Avg APR
Median Price
$425,000
Median home
Monthly P&I
$2,267
30yr at 80% LTV
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Top Mortgage Lenders in Rhode Island
1
Get RateRocket Mortgage
Online convenience
30yr Fixed
7%
15yr Fixed
6.4%
Min Down
3%
2
Get RateChase
Existing customers
30yr Fixed
6.9%
15yr Fixed
6.3%
Min Down
3%
3
Get RateWells Fargo
Branch access
30yr Fixed
7.1%
15yr Fixed
6.5%
Min Down
3%
4
Get RateBank of America
Preferred Rewards
30yr Fixed
7%
15yr Fixed
6.4%
Min Down
3%
5
Get RateloanDepot
Low down payment
30yr Fixed
6.9%
15yr Fixed
6.3%
Min Down
3%
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First-Time Buyer Programs in Rhode Island
- ✓RIHousing FirstHomeRI
- ✓RIHousing Extra Assistance
- ✓10kDPA Program
Mortgage Requirements in Rhode Island
- •Min 660 credit score for RIHousing programs
- •Income limits apply
- •Purchase price limits apply
Rhode Island Housing Market Facts
Providence offers the highest value in the state for first-time buyers.
Boston commuters drive pricing in eastern Rhode Island.
10kDPA provides $10,000 as a forgivable loan after 5 years.
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