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Buy Before You Sell Programs Available in Rhode Island (Updated September 2026)

Short answer

As of September 2026, four programs serve a departing home in Rhode Island: AFC's direct bridge loan, HomeLight Buy Before You Sell, Compass Bridge Loan Services (for Compass clients) and William Raveis Bridge. Knock, Homeward and Orchard do not list Rhode Island, and Ribbon is not licensed there.

  • HomeLight's exclusions are Massachusetts, Alaska and New York, so Rhode Island is covered
  • Rhode Island REALTORS use a Hubbard-style Sale of Buyer's Property Addendum
  • AFC funds Rhode Island bridges from its own fund: bridge loans in Rhode Island

Reviewed by Gaetano Ciambriello, NMLS #1783508 · Updated September 2026

See What You'd Qualify For

No SSN · No hard credit pull · ~2 minutes · NMLS #2801

Prefer to talk? Call (203) 452-9899

Every Buy Before You Sell Program We Checked for Rhode Island

We checked each company's own page in September 2026 and recorded whether it serves a departing home in Rhode Island. Programs change often, so confirm with the company before you rely on any row.

CompanyServes a RI departing home?How it worksPublished costSource (date checked)
AFC Mortgage GroupYesDirect owner-occupied bridge loan from AFC's own fund. AFC is a licensed direct lender (NMLS #2801) in Rhode Island.2.5% origination + 1% per month accruing, paid at payoff + $3,250 fees. 12-month term. No prepayment penalty.afcmortgagegroup.net/bridge-loans-ri · checked Sept 2026
HomeLight Buy Before You SellYesHomeLight funds your purchase before you sell; if your home doesn't sell within 120 days, HomeLight buys it.2.4% of the departing home's sale price; 0% bridge loan.HomeLight help center; agents.homelight.com · checked Sept 2026
Compass Bridge Loan ServicesYes, Compass clientsBridge loan offered to Compass clients through their agent. The loan is made by Notable Finance, not Compass.Not published.Compass agent program page · checked Sept 2026
William Raveis Bridge / Raveis PurchaseYesShort-term bridge loan through William Raveis Mortgage, plus Raveis Purchase for Raveis clients.Terms not published.raveis.com/mortgage/bridge · checked Sept 2026
Rocket Mortgage bridge loanOnly with a Rocket purchase loanBundled with a Rocket purchase mortgage. Not a stand-alone bridge.Up to $500K, 6-month term, 1.5% to 3% in fees.rocket.com bridge loan · checked Sept 2026
FlyhomesThrough partner loan officersExited brokerage in September 2025. Now offers buy before you sell through partner loan officers. State list not published on its page.Not published.flyhomes.com · checked Sept 2026
KnockNoKnock's Northeast departing-home states are New Hampshire and New Jersey only.n/a in RIknock.com/where-we-operate · checked Sept 2026
HomewardNoServes TX, FL, GA, NC, SC, TN, WA, OR, AZ, CO, MD and DC only.1% program fee + 1% per month Equity Unlock (where available).homeward.com · checked Sept 2026
OrchardNoOperates in 12 Sunbelt and Western metros, not the Northeast.n/a in RIorchard.com · checked Sept 2026
Ribbon (Hurst Lending)NoRelaunched by Hurst Lending in 2025. Not licensed in Rhode Island.n/a in RIribbonhome.com · checked Sept 2026
Local banks and credit unionsHELOC, not a bridgeNot individually reviewed for this table. A bank's usual tool for this situation is a HELOC, which typically has to be opened before you list. Ask your bank directly.Varies by lender.See bridge loan vs HELOC

"Serves a departing home" means the program will finance or buy out the home you are selling in Rhode Island. Several national programs let you buy in any state but only support a departing home in states on their list. Costs are as published by each company. Representative example: a $250,000 bridge loan held the full 12-month term has a 2.5% origination fee ($6,250), $3,250 in attorney, processing and wire fees, and $30,000 of interest at 1% per month, for a total cost of credit of $39,500 and an APR of about 16.4%. Paying off early costs less; there is no prepayment penalty and no minimum interest.

What This Means in Rhode Island

Rhode Island buyers who need to sell first can use the Rhode Island REALTORS Sale of Buyer's Property Addendum, also called the Hubbard or kick-out clause. According to the association's FAQ, the seller can keep marketing, and the buyer has 72 hours (or an agreed timeframe) to waive the contingency after notice. A buy-before-you-sell program or bridge loan lets you skip it.

If you are moving between Rhode Island and Massachusetts, check which state your departing home is in: HomeLight and Compass serve a Rhode Island departing home but not a Massachusetts one.

Questions to Ask Any Buy Before You Sell Program

  • Do you serve a departing home in Rhode Island, or only the purchase?
  • Is the cost a percentage of my home's value, or of what I actually borrow?
  • Is there a monthly payment while my home is listed?
  • What happens if my home doesn't sell by your deadline? Is there a buyout, and at what price?
  • Do I have to use your agent or your mortgage for the new home?
  • Who actually makes the loan, and what is their NMLS number?

Related: Bridge loans in Rhode Island · How a Hubbard clause works (Connecticut guide) · Buy before you sell programs in Connecticut · Buy before you sell programs in Massachusetts · AFC Bridge Loan Report

Buy Before You Sell in Rhode Island: FAQ

Can I buy a house before selling mine in Rhode Island?
Yes. In Rhode Island the common routes are a bridge loan against your current home, a buy-before-you-sell program that serves Rhode Island, a HELOC opened before you list, or a home sale contingency. Which one works depends on your equity, your timeline and whether the seller will accept a contingent offer.
Which buy before you sell companies operate in Rhode Island?
As of September 2026, the programs that list Rhode Island for the departing home are AFC Mortgage Group, HomeLight Buy Before You Sell, Compass Bridge Loan Services (for Compass clients) and William Raveis Bridge. Rocket offers a bridge only with a Rocket purchase loan, and Flyhomes works through partner loan officers without a published state list.
Is Knock available in Rhode Island?
No. As of September 2026, Knock's list of departing-home states includes New Hampshire and New Jersey in the Northeast, not Rhode Island. You can buy in any state with Knock, but the home you are selling has to be in a state on its list.
Is Homeward or Orchard available in Rhode Island?
No. Homeward serves TX, FL, GA, NC, SC, TN, WA, OR, AZ, CO, MD and DC, and Orchard operates in Sunbelt and Western metros. Neither lists Rhode Island.
How much do buy before you sell programs cost?
Published pricing varies in structure. HomeLight charges 2.4% of the departing home's sale price. Homeward charges a 1% program fee plus 1% per month for Equity Unlock. AFC charges 2.5% origination plus 1% per month on the amount borrowed, paid at payoff, plus $3,250 in fees. Raveis, Compass and Flyhomes do not publish pricing.
Is there a Hubbard clause in Rhode Island?
Yes, in practice. The Rhode Island Association of REALTORS Sale of Buyer's Property Addendum is also called the Hubbard or kick-out clause. Its FAQ describes a 72-hour period, or another agreed timeframe, for the buyer to waive the contingency after the seller gives notice.

Buy Your Next Home Before You Sell in Rhode Island

AFC funds owner-occupied bridge loans in Rhode Island from its own fund. See what you'd qualify for in about 2 minutes.

See what you qualify forRun the bridge numbers

Prefer to talk? Call (203) 452-9899.

AFC Mortgage Group, LLC · NMLS #2801 (NMLS Consumer Access) · Equal Housing Lender · Licensed in AL, CA, CT, FL, GA, MA, NH, NJ, NY, NC, SC, OH, RI, VT, PA, TN, TX. This site is not approved by the New York Department of Financial Services. Not a commitment to lend; all loans subject to credit and collateral approval. Nothing on this page is legal advice.

Bridge Loan Disclosures — AFC Mortgage Group, LLC

AFC Mortgage Group, LLC offers short-term bridge loans secured by a recorded lien on real estate (your current home, the new property, or both). These are secured real-estate loans — not unsecured personal or consumer loans.

No Prepayment Penalty & No Minimum Interest

There is no prepayment penalty and no minimum interest. Interest is charged only for the time your loan is actually outstanding — pay it off early and you only pay interest for the days you used the money.

Representative Example

A bridge loan of $250,000 with a 12-month term: interest accrues at 1% per month (12% annually) and is paid at payoff rather than monthly; a 2.5% origination fee ($6,250) plus approximately $3,250 in attorney, processing, and wire fees are charged at closing. Held the full 12 months, that equals an Annual Percentage Rate (APR) of approximately 16.4% — total interest of $30,000 and total cost of credit of approximately $39,500, plus repayment of the $250,000 principal at maturity (balloon). Because there is no prepayment penalty or minimum interest, paying off earlier costs less — e.g., a payoff at 6 months accrues roughly $15,000 in interest instead of $30,000.

Most bridge loans are paid off within a few months: on the same $250,000 loan paid off at 3 months, total interest is approximately $7,500, for a total cost of credit of roughly $17,000 (the $6,250 origination and $3,250 in fees are unchanged) — less than half the full-term figure. The approximately 16.4% APR above is calculated on the required 12-month basis; your actual cost depends on how long the loan remains outstanding.

Terms at a Glance

AFC Mortgage Group, LLC — licensed mortgage lender. NMLS #2801, licensed in RI, CT, MA, NH, VT, NJ and 11 other states. Equal Housing Opportunity. Rates, terms, and fees are examples only and vary by loan size, LTV, credit, and market conditions. Not a commitment to lend; all loans subject to credit and collateral approval.