FirstHomes 100 Program FirstHomes 100 Program offers a low fixed rate 30 year mortgage for first time buyers. Financing is up to 100 percent of the home’s value, so you won’t need to make a Rhode Island down payment. Help with closing costs is also an option. No mortgage insurance is required. Closing cost assistance is available in the form of a 15 year low interest rate loan. Rhode Island borrowers also qualify for a mortgage credit certificate.