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Today's Mortgage Rates in Rhode Island

Get a Lower rate in Rhode Island whether you're buying, looking to get cash out of your home or lower your monthly mortgage payment.

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RI Mortgage Rate Insights

  • The 30-Year Conventional Mortgage rate is 6.250%.
  • The 30-Year Conventional Refinance rate is 6.375%.
  • Rates are current as of August 12, 2026.

Current Rhode Island Mortgage Rates

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Mortgage Rates Trend in Rhode Island

Historical rates shown for context only. See full disclosures below and current rates in the table above. View Legal Disclosures

What Affects Mortgage Interest Rates in Rhode Island

Rhode Island mortgage interest rates follow national lending markets rather than rates set by state borders. Your credit profile, loan structure, property details and other application factors can affect the pricing offered to you.

A mortgage quote for a home in Providence can differ from one for a property in a rural part of Rhode Island when the borrower, property or loan details change.

When comparing lenders, look at both the interest rate and the annual percentage rate, or APR. The interest rate is the percentage charged for borrowing the principal. APR is a broader annualized measure that includes the interest rate plus certain loan costs.

Rhode Island homeowners can compare Rhode Island refinance rates when evaluating whether a new rate or loan term makes sense.

Types of Mortgages Available in Rhode Island

Rhode Islanders buying a home can choose among several mortgage structures, while the amount borrowed determines whether conventional financing stays within Rhode Island's statewide conforming limit.

  • A conventional fixed-rate mortgage keeps the same interest rate for the full loan term.

  • FHA loans in Rhode Island follow separate borrower and property requirements. FHA loan limits are set separately from conforming limits and are published county by county.

  • Eligible borrowers can compare Rhode Island VA loan rates. VA financing follows its own borrower and property requirements.

  • USDA loans combine borrower qualification with property eligibility and may apply when you are buying in an eligible rural part of Rhode Island.

  • An adjustable-rate mortgage can change after its initial rate period according to the loan terms.

  • A jumbo loan finances an amount above the applicable conforming limit. Rhode Island uses one statewide one-unit threshold for 2026.

Buyers entering the market for the first time can compare first-time homebuyer loan options in Rhode Island.

Mortgage insurance treatment varies by loan program, so include mortgage insurance requirements by loan type when estimating the full payment.

2026 Conforming and Jumbo Loan Limits in Rhode Island

All 5 counties in Rhode Island use the same $832,750 one-unit conforming loan limit for 2026. The Federal Housing Finance Agency, or FHFA, sets conforming loan limits annually.

A one-unit mortgage above $832,750 falls into the jumbo category anywhere in Rhode Island. The threshold applies to the amount borrowed rather than the home's purchase price.

Buyers borrowing above $832,750 can compare Rhode Island jumbo loan rates. Because the same one-unit limit applies across all 5 counties, there is no county-level conforming table to check.

These are 2026 limits for one-unit properties. Limits for two-, three- and four-unit properties are higher. The FHFA publishes annual conforming loan limit values by county and property size.

FHA financing uses a separate county-level limit system. The VA does not impose a loan limit for eligible borrowers with full entitlement. Lenders may still apply their own underwriting and loan-size requirements.

Rhode Island Mortgage Payment Examples By Rate

Rhode Island's payment examples extend to an $800,000 mortgage, which remains below the statewide $832,750 one-unit conforming limit that applies across all 5 counties for 2026. The table shows principal-and-interest payments across the supplied loan amounts and rates. Use the Rhode Island mortgage payment calculator to test a different loan amount or other mortgage details.

Loan Amount 5.50% 5.75% 6.00% 6.25% 6.50%
$800,000 $4,542 $4,669 $4,796 $4,926 $5,057
$700,000 $3,975 $4,085 $4,197 $4,310 $4,424
$600,000 $3,407 $3,501 $3,597 $3,694 $3,792
$500,000 $2,839 $2,918 $2,998 $3,079 $3,160
$400,000 $2,271 $2,334 $2,398 $2,463 $2,528
$300,000 $1,703 $1,751 $1,799 $1,847 $1,896

The figures cover principal and interest only. Property taxes, homeowners insurance, mortgage insurance, association fees and other costs are not included.

Rhode Island Mortgage FAQs

Are there homebuyer assistance programs in Rhode Island?

Rhode Island Housing provides information about available homebuyer programs, eligibility and application requirements.

What is the conforming loan limit in Rhode Island for 2026?

Every county in Rhode Island uses a 2026 one-unit conforming loan limit of $832,750. A one-unit mortgage above $832,750 falls into the jumbo category statewide.

How can I get a lower mortgage rate?

Your credit profile, debt load and down payment can affect the pricing offered to you. Compare mortgage offers using APR as well as the interest rate. Temporary rate buydowns and seller concessions can also affect the cost or payment structure of a transaction. Compare the complete terms of the offers you receive.

How will property taxes and insurance in Rhode Island
affect my mortgage payment?

Property taxes and homeowners insurance are usually collected monthly when your mortgage uses an escrow account. The lender holds those amounts until the bills are due, so the full monthly payment exceeds principal and interest alone. Review escrow requirements by loan type and property taxes by state and county when estimating these costs.

Find Out Why Rhode Islanders Love Lower

Don't take our word for it. We've got 50,000 five-star reviews and counting. Read what real customers have to say.
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5.0

Great communication

Maura S.

Verified Customer

August 3, 2026

5.0

Murdock made buying and selling of each of my homes a delight. I have worked with Murdock on 4 homes and would use him again. He is responsive, organized and very experienced. He took all the stress out of this significant transaction and helped to make it fun.

Jane D.

Verified Customer

August 16, 2026

5.0

Everything went as quickly as I wanted it to! I am very impatient and she made sure to get back to me every time I reached out and communicated all we needed to help speed the process up!

Rebecca W.

Verified Customer

July 21, 2026

5.0

Marc did a great job! Communication was amazing, would highly recommend!

Josh D.

Verified Customer

July 24, 2026

5.0

Steven was amazing! This was the easiest process ever!! We will for sure recommend Steven to our friends!

Penny C.

Verified Customer

August 6, 2026

5.0

the attention of detail and the way she was always available to answer our questions . Shes also super kind and supportive in every way. I dont think there's a better person than Alyssa.

Phillip D.

Verified Customer

May 28, 2026

5.0

Landon and his team were very thorough and good in their communication. Answered any questions we had in a timely manner and almost spot on with numbers.

Keri W.

Verified Customer

July 29, 2026

5.0

I feel you went way beyond just being a vendor. 4hsnk you for calming me down when I was panicibg.

Carol R.

Verified Customer

May 28, 2026

5.0

I can’t say enough good things about Brian and his team at Universal Lending! From the very beginning, he was incredibly knowledgeable, responsive, and helpful throughout the entire process. He made everything feel so much easier and less stressful by always being available to answer our questions and explain every step clearly. Thank you so much, Brian, for all your help!

Danice T.

Verified Customer

August 8, 2026

5.0

He was really knowleage it was couple error they did at the beginning like the origination loan at 5% but he corrected and everything el was smoot h

Lismary R.

Verified Customer

July 31, 2026

5.0

Amanda is the person you can count on in the clutch! She keeps all parties informed. She gives !!0%! She goes above and beyond to get the client appoved.

Jamikia B.

Verified Customer

June 20, 2026

5.0

Marco is an outstanding lender who truly gets it done. He is responsive, knowledgeable, and makes the entire loan process smooth and stress-free. No matter the situation, Marco finds solutions and keeps everything moving so deals close on tim

Michael P.

Verified Customer

August 9, 2026

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