Capital Home Mortgage Rhode Island

Rhode Island Home Loans

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Rhode Island Mortgage Lender

Home Loans in Rhode Island

Welcome to Capital Home Mortgage Rhode Island, where we strive to provide Rhode Island Home Loans to Rhode Island homebuyers and homeowners at competitive rates and fees while giving great service.

First and foremost, we’d like to thank you for the opportunity to earn your business.  We understand that acquiring a house is the most important decision of most people’s life, which is why Capital Home Mortgage Rhode Island offers dedicated points of contact throughout the mortgage process.  This assures a stress-free and pleasant experience, with an on-time close.  After all, buying a home should be fun rather than stressful.

Capital Home Mortgage Rhode Island, as a direct Rhode Island Mortgage Lender, manages the entire lending process from beginning to end.  Our in-house processing and underwriting enables for quick, reasonable approvals and timely closings.  We have complete control over everything from the application to the funding process.

Capital Home Mortgage Rhode Island Rhode Island Mortgage Lender that offers a comprehensive range of mortgage products as well as competitive Rhode Island Mortgage Rates.   Whether you are a first-time purchaser seeking a Rhode Island FHA Home Loanlooking for a rural property and needing a Rhode Island USDA Home Loan, a Native Rhode Islander wanting to use the HUD 184  Rhode Island Native American Home Loan, an active or retired veteran in need of a Rhode Island VA Home Loan, or a seasoned buyer in need of a Rhode Island Conventional Home Loan, we are here to assist.   

Call today (401) 400-5259 to speak with our Rhode Island Loan Officers.

Rhode Island is the smallest state in the United States by land area, is located in the New England region of the northeastern United States.   Known as the “Ocean State” due to its extensive coastline and maritime history.  Rhode Island is bordered by Massachusetts to the north and east, Connecticut to the west, and the Atlantic Ocean to the south. Despite its small size, it has a diverse geography, including coastal plains, forests, and urban areas.  Providence is both the capital and largest city of Rhode Island. It is also one of the oldest cities in the United States, founded in 1636 by Roger Williams.

Historically, Rhode Island’s economy was centered around manufacturing, particularly textiles, jewelry, and machinery.  However, like many states in the Northeast, it has transitioned to a more service-based economy, with sectors such as healthcare, education, tourism, and finance playing significant roles.

Rhode Island is home to several notable institutions of higher education, including Brown University, a prestigious Ivy League school located in Providence; the University of Rhode Island (URI), the flagship public research university; and the Rhode Island School of Design (RISD), a renowned art and design college.

Rhode Island has a rich cultural heritage, influenced by its colonial history and diverse immigrant population. It is known for its vibrant arts scene, particularly in Providence, which hosts numerous theaters, galleries, and cultural events. The state also celebrates its maritime heritage with festivals and events along its coastline.

Despite its small size, Rhode Island offers a variety of attractions for visitors. Newport, known for its historic mansions and sailing culture, attracts tourists interested in history and coastal activities. Providence offers a lively culinary scene, cultural events, and historical landmarks. Other attractions include the Roger Williams Park Zoo, WaterFire Providence, and the scenic beaches along the coastline. is located in the Southeastern United States, with the Gulf of Mexico to the west, Alabama to the northwest, Georgia to the north, the Bahamas and the Atlantic Ocean to the east, and the Straits of Florida and Cuba to the south. It is the only state bordering the Atlantic Ocean and the Gulf of Mexico. It is the third-most populous state in the country, with a population of over 21 million people.

A number of factors, such as Rhode Island’s geographic limitations, economics, demographics, and housing demand, have an impact on the state’s real estate market. 

Though not as vast as other states, Rhode Island nonetheless has a thriving real estate market, especially in its seaside communities of Newport and its urban districts of Providence.  Different locations have different market dynamics, with some seeing greater demand and appreciation than others.

Rhode Island real estate prices can vary greatly based on a number of factors, including market circumstances, property type, and location. Prices are often higher in urban and coastal places, but there may be more cheap options in rural areas. Although the rate of appreciation may vary, Rhode Island has seen continuous growth in home prices over the previous few years.

The total real estate market in Rhode Island may be impacted by inventory levels. Low inventory levels can cause buyer competition to intensify and drive up prices, especially in popular neighborhoods or property types. On the other hand, increased inventory levels can give consumers more options and result in a more balanced market.

Rhode Island’s large rental market is fueled in part by the state’s labor and student population. A rental property’s cost may change depending on its location, size, and amenities, among other things. Rental costs may be greater in urban regions like Providence than in rural ones.

The real estate market in Rhode Island is heavily influenced by the state’s economy. Affordability and demand for housing can be influenced by variables including income growth, employment growth, and general economic stability. The state’s economy is boosted by sectors including healthcare, education, and tourism, which may also have an effect on the property market.

Rhode Island’s real estate market sees distinct local characteristics in addition to generally following national trends. Rhode Island may see swings in interest rates, housing demand, and other market variables, much like many other places. Individuals can make well-informed decisions about investing in, purchasing, or selling real estate in the state by staying up to date on these developments.

Thank you again for allowing us to help you with your Rhode Island Home Loan.

Rhode Island Home Loans

Rhode Island Conventional Home Loans

Rhode Island Conventional Home Mortgage adhere to Fannie Mae and Freddie Mac requirements.  These loans can be used for primary residence, secondary and investment properties.  Typical eligibility requirements include a minimum credit score of 620, a stable income, and a minimum down payment.  Conventional Home Loans are also called Conforming loans and have capped loan limits that are updated annually on January 1st base on the median selling price within a local area.

Rhode Island FHA Home Loans

Rhode Island FHA Home Mortgage is a mortgage insured by the Federal Housing Administration or “FHA” and issued by an FHA-approved lender.  FHA loans are designed for low-to-moderate-income applicants and first time homebuyers who need a smaller down payment.   However, FHA home loans can be used by anyone. FHA home loans feature a low down payment, flexible credit score requirements and the ability to use gift funds for the down payment.  Other eligibility requirements for a Rhode-Island FHA home loan is consistent employment history and documented income.

Rhode Island VA Home Loans

A Rhode Island VA Home Mortgage is a mortgage option for qualified veterans, active-duty service members, and select surviving spouses in Rhode Island.  These loans are made by private lenders but are guaranteed by the United States Department of Veterans Affairs, allowing for favorable terms such as no down payment and no private mortgage insurance (PMI).   VA home loans are widely available, with competitive interest rates and liberal credit standards.

Rhode Island USDA Home Loans

Rhode Island USDA Home Mortgage is a zero down mortgage program provided by the US Department of Agriculture (USDA) to assist low-to-moderate-income buyers . USDA home loans are classified into two types: USDA-Guaranteed and USDA-Direct.  The USDA-Guaranteed Home Loan is made available by a private lender and guaranteed by the USDA, whereas the USDA-Direct home loan is made available directly by the USDA.  To be eligible for USDA financing, the residence must be located in an approved rural area and household income cannot exceed 115% of the median household income in your area for Guaranteed Loans.

Rhode Island Jumbo Home Loans

A Rhode Island Jumbo Home Mortgage is a mortgage that exceeds the standard conventional loan limits.  These loans are widely utilized to finance luxury properties and have grown in popularity as values have continued to increase.  Jumbo loans frequently include fixed-rate durations such as 30-year and 15-year and adjustable-rate alternatives. Financing of up to $3,000,000 is offered at 90% with no PMI (Private Mortgage Insurance).

Rhode Island Non QM Home Loans

Rhode Island Non-Qualified-Mortgage-Loans, also known as a Non-QM loan, is a form of mortgage loan that does not meet the government-sponsored enterprise (GSE) requirements for a qualified mortgage.  Borrowers who fail to meet the tight standards of a qualifying mortgage, such as those with irregular income or a high debt-to-income ratio, are perfect candidates for this sort of loan.

Rhode Island Native american Home Loans

A Rhode Island Native American Mortgage, also known as a HUD 184 Home Loan, is a government mortgage loan specifically for registered Rhode Island Native Americans.  This loan offers easier credit qualifications, tribal grants and can be used to renovate the home along with the purchase.

Rhode Island One Time Close construction Home Loans

One Time Close Construction Mortgage Company

A Rhode Island One-Time Close Construction Mortgage is distinct from a traditional construction home loan in combining the construction loan and the permanent mortgage into a single loan.  This means you only have to go through the application and closing process once, saving time and money.  A traditional construction home loan requires you to apply for a separate mortgage after the construction is completed.  An OTC loan also can be combined with other standard mortgage products resulting in much smaller down payments.

One Time Close Construction Mortgage Company
Why Rhode Island HomeBuyers are Choosing Capital Home Mortgage
Close On Time

Complete Control from Application to Funding

Low Rates & Low Fees

Direct Lender with Competitive Rates & Low Fees

Exceptional Service

7  Day a Week Support Application to Final Payment

Rhode Island Mortgage Rates

Have you ever wondered why interests rates are what they are and what determines the final rate?  Why borrowers receive different interest rates? Or why rates go up and down?  Interest Rates are calculated using several factors.

  • Demand for mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness
Rhode Island Mortgage Programs

Rhode Island Purchase loans

Looking to Purchase a Rhode Island Home?

Looking to Purchase a Home? We have the loan program for you… Call today to speak with a loan officer to discuss your personal mortgage options.
  • Primary, 2nd Home, Investment
  • Low Rates & Fees, No fee Options
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo & Renovation
  • Manufactured, Construction, Reverse

Rhode Island Renovation Home Loans

Looking to Rehab a Rhode Island Home?

Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not a renovation loan? Purchase the Perfect Home and make it your own.
  • Remodel, Renovate or Repairs
  • FHA 203K Streamline 
  • FHA Full Documentation Rehab
  • Fannie Mae Homestyle Reno
  • Freddie Mac Home Choice Reno

Rhode Island FHA Home loans

Great 1st Time Rhode Island Homebuyers

FHA Home Loans are great for first time home buyers, buyers with less than perfect credit, or buyers needing less out of pocket.   Call today to get started.
  • Smaller Down Payments
  • Flexible Underwriting Guidelines
  • Higher Debt to Income Allowed
  • Lower Credit Scores – Down to 500
  • Down Payment Gifts Allowed

Rhode Island va Home Loans

100% Financing for Rhode Island Vets

Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.
  • No Mortgage Loan Limits
  • Simple Qualifying
  • Higher Debt to Income Allowed
  • Lower Credit Scores – Down to 500
  • Manual Underwriting Allowed

Rhode Island Conventional Home loans

Flexibility for Rhode Island Homebuyers

Conventional Home Loans are the best option for flexibility of property types and for mortgage loan terms. Call today to get speak to a loan officer.
  • Primary, 2nd Home, Investment Properties
  • Single and Multi-Family Properties
  • Variable Mortgage Insurance Options
  • Low Rates & a Variety of Mortgage Terms
  • Renovation Programs Available

Rhode Island Jumbo Home Loans

Rhode Island Non-Confirming Home Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits. Call today.
  • Primary & 2nd Homes
  • Variety of Mortgage Programs
  • Simple Qualifying for Veterans
  • Investor Specific Guidelines
  • Credit Score Minimums

Rhode Island USDA Home loans

100% Rhode Island Rural Home Loans

USDA Loans are a great option for families wanting to live outside of the city.  Call today to speak with a loan officer to discuss your personal loan options.
  • Primary Residences
  • No Down Payment Required
  • New Manufactured Homes Allowed
  • Closing Costs / Repairs Rolled In
  • Geographic and Income Limits Apply

Rhode Island Native american Loans

Rhode Island Hud 184 Home Loans

HUD 184 Home Loans are solely for Native American and offer a variety of benefits.  Call today to speak with a loan officer to find out more.
  • Primary Residence Only
  • Manual Underwriting for All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed
  • Purchase, Refinance, and Renovation

Rhode Island Manufactured Home loans

Great Rhode Island Alternative Housing

Manufactured Home Loans offer options to purchase an existing residence or build your dream home on your own land. Call today to speak to a Loan Officer.
  • Existing Purchase or Refinance
  • New Construction
  • One Time Close Land/Home Combo
  • Lock at Contract
  • FHA, VA, USDA, Native American

Rhode Island Reverse Mortgage Loans

Your Rhode Island Home at Work

Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.
  • Primary Residence Only
  • Simple Qualifying – Equity Based
  • No Credit Score Requirements
  • Minimum Age 62
  • Purchase, Refinance, and Cash-Out

Rhode Island Non QM Home loans

Making Rhode Island Mortgages Possible

Looking for Non Traditional Home Mortgage Loan?  Contact a Loan Officer Today to discuss the alternative mortgage options currently available.
  • Purchase, Refinance & Cash-out
  • Primary, Secondary, Investment Properties
  • Full Doc Programs
  • Alt Doc Programs
  • Corporations OK

Rhode Island One Time Close Home Loans

Build Your Rhode Island Dream Home

Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan.  Call today to see how a OTC loan works.
  • Primary Residences Only
  • One Time Close
  • Lock Rate at Closing
  • Traditional Final Mortgages
  • No Payments During Construction

Rhode Island Refinance Mortgage loans

Rhode Island Rate & Term Refinance

Refinancing can be a hard decision and the payback can sometimes be confusing.  Call today and let our Loan Officers walk you through the process.
  • Lower Monthly Payment
  • Shorten Mortgage Term
  • Streamline Options Available
  • Appraisal Waivers Allowed
  • VA IRRRL’s

Rhode Island Cashout Mortgage Loans

Rhode Island Equity Mortgage Loans

Cash-Out Mortgage Loans make use of the equity in your home by allowing you to refinance the current mortgage and access this equity to use as you see fit.
  • Debt Consolidation
  • Investment Opportunities
  • Home Improvement
  • Dream Vacation
  • Higher Education

Rhode Island Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Susan Adams

Sr Loan Officer
NMLS #105389

Rhode Island Mortgage Company Reviews

Rhode Island Cities

Providence Home Loans

Warwick Home Loans

Cranston Home Loans

State Specific Mortgage Information

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