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Wondering where mortgage rates are headed as we approach spring? See our latest Two-Month Forecast for mortgage rates

Wondering where mortgage rates are headed as we approach spring? See our latest Two-Month Forecast for mortgage rates

Current FHA Mortgage Rates in Rhode Island : HSH.com's FHA/VA Showcase

Get FHA mortgage rates

Note: Your loan amount is greater than the value of the property, a condition known as being "underwater".
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Updated: 1/27/2020
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Featured lenders
Updated: 1/27/2020
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FHA 30 year mortgage rates today from 3.125%

Updated: 1/24/2020
FHA 30 Yr.
FHA 30 Yr.
Rate as low as
3.328%
APR
Rate as low as
3.125%
Rate
$ 1,114
Monthly Payment
Show Details
Updated: 9/4/2019
FHA 30 Yr.
FHA 30 Yr.
Rate as low as
4.637%
APR
Rate as low as
4.500%
Rate
$ 1,317
Monthly Payment
Show Details
Updated: 1/24/2020
CloseYourOwnLoan.com
  • Skip the salesman. Keep the commission!
  • Get online rates, payments and a Good Faith Estimate
  • $1,000 Best Rate Guarantee
Updated: 1/27/2020
Rocket Mortgage
  • A+ Rating with the Better Business Bureau

Rhode Island Mortgages

2020 FHA Loan Limits for Rhode Island

FHA Loans are government insured loans from the Federal Housing Administration and are an attractive option for homebuyers who want to refinance.

FHA mortgages are backed by a self-insuring pool to limit risks for the lenders who make these low downpayment loans. Homebuyers or homeowners looking to refinance can borrow with as little as a 3.5% downpayment or equity stake.

FHA loan limits are different than those for conventional mortgages, as they use a formula based on median home prices; as such, FHA loan limits are reset each year, and vary from county to county in each state. The 2020 FHA Loan Limits for each county in Rhode Island are below.

County NameOne FamilyTwo FamilyThree FamilyFour Family
BristolOne Family$460,000Two Family$588,850Three Family$711,800Four Family$884,600
KentOne Family$460,000Two Family$588,850Three Family$711,800Four Family$884,600
NewportOne Family$460,000Two Family$588,850Three Family$711,800Four Family$884,600
ProvidenceOne Family$460,000Two Family$588,850Three Family$711,800Four Family$884,600
WashingtonOne Family$460,000Two Family$588,850Three Family$711,800Four Family$884,600
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