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Financial analysts predict that the Rhode Island economy may soon be struggling. Unemployment rates are higher than the national average and job growth has been very slow. The state’s tax burden, one of the heaviest in the nation, also does little to attract new companies and businesses. Still, there is money to be made in Rhode Island. The housing market remains strong and investors have high hopes for the home appreciation values.



To encourage loans and community expansion, Rhode Island is working to enact legislation that will make home loans more affordable. The pending act is known as the Rhode Island Protection Act. The purpose is to prohibit predatory lending practices in the state while preserving access to credit in the subprime market.

Whether or not the legislation passes, Rhode Island residents in the market for any type of loan should take time to find a reputable lender who offers fair rates and fair loan terms. 

Our recommended companies service Rhode Island, including these cities; Providence, East Providence, Newport, and Warwick.

Our Recommended Lenders Servicing Rhode Island -

Suggested State Sources For Loans -

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