Thursday, July 19, 2012

MORTGAGE & FINANCE: RI group offers new home loan option

Rhode Island Housing is celebrating the launch of new home loan programs designed to allow more residents to buy a home.
The organization plans to highlight its new loan options with an event Thursday in Cranston. Gov. Lincoln Chafee and Cranston Mayor Allan Fung are scheduled to attend.
This spring Rhode Island Housing began offering a new mortgage program for non-first-time homebuyers and a new type of loan with lower monthly payments to qualified first-time buyers.
Thursday's event will be held at the residence of a couple that purchased their home using one
of the new loan options.
Rhode Island Housing was created by the state’s General Assembly to help more people afford a home.

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