Zero-down USDA Guaranteed Loans are the most popular rural development mortgage program in Rhode Island. These loans are available for anyone with low to moderate income to purchase a home in approved rural areas with no down payment.  Other USDA loan limits and resources can be viewed here:

USDA Loan Limits
USDA Loan Income Limits
USDA Loan Requirements
USDA Loan Programs

USDA doesn’t set specific maximum loan limits for guaranteed mortgages. Instead, local limits are determined by a combination of the area USDA maximum income limit and the borrowers debt-to-income ratio. This approach means that guaranteed maximum USDA loan limits are fluid and based upon numerous factors, unlike low-income USDA Direct Loans, which have set maximum limits. The figures listed below are based on approximate calculations. Actual guaranteed maximum loan limits may vary.

Rhode Island USDA Loan Limits – Guaranteed Loans

1-4 Person Households
5-8 Person Households
Newport-Middleton-Portsmouth, RI HUD Metro FMR Area$374,000$483,000
Providence-Fall River, RI-MA HUD Metro FMR Area$323,000$417,000
Westerly-Hopkinton-New Shoreham, RI HUD Metro FMR Area$340,000$431,000
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