Welcome Home Mortgage serves all 39 Rhode Island cities and towns — from Providence’s Federal Hill to Newport’s historic harbor, from the Blackstone Valley to South County’s beaches. We bring fast closings, deep local knowledge, and Naval Station Newport VA expertise to every Ocean State buyer.
RI Cities & Towns
FHA Loan Limit
Avg. to Close
Newport VA Experts
Serving All of Rhode Island
All 39 cities & towns — all 5 counties & the islands
Welcome Home Mortgage is licensed throughout Rhode Island, operating from our Dedham, MA headquarters just minutes from the Rhode Island border. We serve the Ocean State every day — Providence’s neighborhoods, Newport’s island communities, the Blackstone Valley, and South County’s waterfront towns.
Rhode Island is one of New England’s most competitive real estate markets. Strong demand, limited inventory, and proximity to Boston mean buyers need a lender who’s fast, knowledgeable, and fully prepared for the speed and intensity of the RI market.
~$428,000
Providence Metro Median
~$445,000
Newport County Median
~$622,000
South County Median
~$490,000
FHA Limit — All RI Counties
$633,000
VA Loan Limit
No Maximum ✓
Attorney Closing Required
Yes — We Handle It
Key Military Installation
Naval Station Newport
• RIHousing Extra Assistance — DPA for qualifying buyers
• RIHousing FirstHomes — Low-rate first-time buyer loans
• HomeSafe RI — Refinancing assistance for homeowners
• VA Loans — 0% down for Naval Newport families
• USDA Rural Development — 0% down in eligible areas
• FHA 203k — Buy + renovate RI’s historic homes
All 39 Rhode Island communities across all 5 counties — from the capital to the coast, the Blackstone Valley to Narragansett Bay.
Providence County
Pop. ~190,000
Providence County
Pop. ~82,000
Providence County
Pop. ~75,000
Providence County
Pop. ~47,000
Providence County
Pop. ~43,000
Providence County
Pop. ~34,000
Providence County
Pop. ~29,000
Providence County
Pop. ~36,000
Providence County
Pop. ~23,000
Providence County
Pop. ~22,000
Providence County
Pop. ~13,000
Providence County
Pop. ~16,000
Providence County
Pop. ~4,700
Providence County
Pop. ~11,000
Providence County
Pop. ~22,000
Kent County
Pop. ~30,000
Kent County
Pop. ~36,000
Kent County
Pop. ~13,000
Kent County
Pop. ~7,000
Newport County
Pop. ~25,000
Newport County
Pop. ~16,000
Newport County
Pop. ~17,000
Newport County
Pop. ~6,000
Newport County
Pop. ~16,000
Newport County
Pop. ~3,600
Washington County
Pop. ~27,000
Washington County
Pop. ~31,000
Washington County
Pop. ~15,000
Washington County
Pop. ~23,000
Washington County
Pop. ~7,800
Washington County
Pop. ~8,000
Washington County
Pop. ~8,800
Washington County
Pop. ~6,700
Bristol County
Pop. ~22,000
Bristol County
Pop. ~17,000
Bristol County
Pop. ~11,000
Washington County
Block Island
All 39 Rhode Island cities & towns. Licensed statewide. Call us about your area →
Every loan type matched to Rhode Island’s market — Providence first-timers, Newport naval families, South County coastal buyers, and everyone in between.
The most accessible path to homeownership in Rhode Island. The 2024 FHA limit of $633,000 applies uniformly across all five RI counties — making FHA viable throughout the state.
Naval Station Newport in Middletown makes RI a prime VA market. We help active-duty Navy, Marines, and veterans purchase throughout Aquidneck Island and all of Rhode Island with zero down.
For qualified RI buyers in Barrington, East Greenwich, and Portsmouth — and the right product for Rhode Island vacation homes, second properties along the coast, and investor purchases.
Rhode Island’s historic housing stock — Victorian mansions in Newport, colonial homes in Bristol, classic capes throughout Providence County — is perfect for the 203k renovation loan.
Several RI communities qualify for zero-down USDA rural financing — including Burrillville, Glocester, Foster, West Greenwich, Hopkinton, Exeter, and parts of Washington County.
Lower your existing RI mortgage rate, access home equity, or reduce your loan term. Rhode Island’s rising home values have created significant equity for many owners — we help you leverage it.
We’re based minutes from Rhode Island in Dedham, MA, with loan officers who know the Ocean State’s five counties intimately — from Providence’s neighborhoods to Newport’s island market to South County’s coastline.
Rhode Island requires an attorney at every mortgage closing. We maintain relationships with experienced RI real estate attorneys in all five counties — ensuring smooth, on-time closings without surprises.
Naval Station Newport in Middletown brings military families to Aquidneck Island regularly. We process VA loans for active-duty and veteran buyers throughout Newport, Middletown, and Portsmouth — start to finish.
Rhode Island Housing’s programs — Extra Assistance DPA, FirstHomes loans, HomeSafe RI refinancing — can save qualifying buyers thousands. We evaluate every program and coordinate all applications at no extra cost.
From Narragansett Bay waterfront to Block Island vacation homes, we understand RI coastal financing — flood zone requirements, second-home rules, and seasonal property considerations. No surprises at closing.
Rhode Island Licensed Mortgage Broker · (781) 375-2727
vs. 45+ industry average
All 5 RI counties
Providence Co. — Urban FHA, Pawtucket, Woonsocket
Kent Co. — Warwick, Coventry, USDA rural towns
Newport Co. — VA (Naval Base), coastal luxury
Washington Co. — South County beaches, USDA rural
Bristol Co. — Bristol, Barrington, Warren
Like its neighbor Massachusetts, Rhode Island requires a licensed real estate attorney to conduct all mortgage closings. The attorney examines the title, prepares all closing documents, and disburses funds. Welcome Home Mortgage coordinates with experienced RI real estate attorneys across all five counties — ensuring your closing goes smoothly and on schedule. We handle the coordination entirely, so it’s never an extra burden to our clients.
Rhode Island’s 2024 FHA loan limit of $633,000 applies uniformly across all five counties. This covers the vast majority of the RI market, making FHA an excellent choice for first-time buyers in Providence’s neighborhoods, Warwick and Cranston’s suburbs, and even much of Washington County’s coastal communities. With just 3.5% down and flexible credit standards, FHA remains the most accessible path to homeownership for many Ocean State buyers.
Rhode Island’s Naval Station Newport — located in Middletown on Aquidneck Island — brings hundreds of military families to Newport County each year. VA loans are the perfect product for these buyers. We process VA loans for Naval Station Newport families regularly, handling Certificate of Eligibility procurement, VA appraisal coordination, and attorney closing — zero down payment, no PMI, complete service.
Rhode Island Housing (RIHousing) offers excellent programs for qualifying buyers:
Rhode Island’s Narragansett Bay coastline and South County beaches attract vacation home buyers from across New England. Second homes require conventional financing (not FHA or VA, which require primary residency), typically 10–20% down. Coastal properties in flood zones require flood insurance. Block Island, off the coast in Block Island Sound, is a unique sub-market where conventional or jumbo financing is standard. We navigate all requirements upfront so there are no surprises at application.
Providence’s neighborhoods — Federal Hill, Elmwood, the East Side, South Providence, Fox Point — represent the state’s most active FHA lending territory. The suburbs of Cranston, Johnston, and North Providence offer stability at accessible prices. Warwick remains the largest city outside Providence and a destination for first-time buyers. Newport and Middletown serve both military VA buyers and higher-end conventional borrowers. South Kingstown, Narragansett, and Westerly in Washington County attract buyers seeking coastal living at more accessible price points than Newport County.
State Capital
Providence
Population
~1.1 Million
Cities & Towns
39
Counties
5
Median Home Price
~$428,000
Closing Type
Attorney Required
Key Military Base
Naval Stn Newport
FHA — All RI Counties
$633,000
Conforming Limit
$766,550
VA — No Limit
Full Entitlement
Min. FHA Down
3.5%
USDA Eligible Areas
Rural RI
“First-time buyer in Providence and I was overwhelmed. Welcome Home got me pre-approved the same afternoon I called, explained every FHA option, and we closed on my Federal Hill condo in 20 days. I beat three other offers. I can’t believe how smooth it was.”
Providence, RI — FHA Purchase
“I’m Navy stationed at Newport and had never used my VA benefit. Welcome Home handled my COE, explained every step clearly, and I bought in Middletown with zero down and no PMI. Closed in 22 days. Every military buyer in RI needs to know about this team.”
Middletown, RI — VA Purchase
“We refinanced our Warwick home and cut our monthly payment significantly. The RI attorney coordination was completely handled on their end — I didn’t lift a finger. Closed in 18 days. Wish we’d done it a year earlier.”
Warwick, RI — Refinance
No hard credit pull to start. Same-day pre-approval letters. A Rhode Island-licensed loan officer will be in touch within hours — ready to discuss your options and guide your next steps.