Graduate to your first home! The Ocean State Grad Grant is now available for new mortgage applications.
If you’re purchasing a home in Rhode Island, you could receive up to $7,000 toward your down payment!
Congratulations graduate and best wishes on your next adventure! If that adventure includes owning your first home, we have the tools and incentives to help. Our Ocean State Grad Grant program was developed to help you make Rhode Island your home.
The Ocean State Grad Grant is helping college graduates make Rhode Island home by offering a special first-time homebuying grant.
The Ocean State Grad Grant:
- is available to qualified borrowers who have graduated within the last 36 months from an accredited academic institution
- up to $7,000 in down payment assistance
- can be combined with our closing cost assistance