Rhode Island is small and mighty. Its position as the smallest state in the union doesn't stop it from being a national leader in health services. At 1214 square miles, "Little Rhody" is the size of some counties in its neighboring states. The state has just over one million residents and, in addition to health services industries, has thriving agricultural and light manufacturing sectors. Rhode Island houses, both new and existing, tend to be built in a sturdy, traditional manner. The median home price is in the range of $284,000 and has seen some sharp drops in recent years. Experts have pointed out that Rhode Island real estate is an excellent value and that this is a perfect time to secure a mortgage loan in the state.
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Rhode Island Mortgage Bankers Association