RIHousing funded an all-time high 531 mortgages
during the third quarter of 2017. Totaling over $106 million, this represents
RIHousing’s highest single-quarter mortgage volume in the corporation’s 44-year
history.
“We are thrilled that more people are putting
down roots in Rhode Island,” said Barbara Fields, Executive Director of RIHousing. “This is a great win for our communities and
economy.”
The corporation’s mortgage volume rose
steadily during each month of the quarter:
Comparatively, RIHousing’s average monthly
mortgage volume throughout 2016 was approximately 135 first mortgages.
“RIHousing’s
success is a direct result of the strong relationships we have cultivated with
our partners,” Fields added. “40 broker and lender partners offer a wide array
of programs that are helping Rhode Islanders achieve the dream of
homeownership.”
RIHousing offers
an extensive line of loan options for first-time homebuyers, current homeowners
and Rhode Islanders looking to improve their homes. Since 2007, RIHousing has
helped approximately 10,000 Rhode Islanders purchase a home.