McKinney, TX

Down payment assistance in McKinney, TX

McKinney combines a small city forgivable loan with a $5,000 gift from its Housing Finance Corporation for TDHCA borrowers.

How can McKinney buyers layer city and state help?

The city's Affordable Housing Office runs McKinney First-Time Homebuyer Assistance, up to $10,000 as a 0% loan deferred and forgiven over 5 years. It's for first-time buyers purchasing a principal residence in McKinney, with back-end debt-to-income no higher than 45% and homebuyer education required. The income chart sits on the application form, which appears older, so confirm current limits and whether money is available by calling the Affordable Housing Office at 972-547-7519.

The second option is the McKinney HFC gift: $5,000 from the McKinney Housing Finance Corporation for first-time buyers in city limits who use TDHCA's TDHCA My First Texas Home bond loan, its Combo version, or the No-DPA first lien. It doesn't work with My Choice Texas Home. Income and price limits follow TDHCA's county limits; for Collin County, My First Texas Home lists $121,100 for a household of one or two. The flyer is dated May 27, 2025, and money is first-come, first-served.

That pairing makes the state loan the anchor for many McKinney buyers. McKinney ISD, Plano ISD, Frisco ISD and Allen ISD staff, McKinney police officers and other eligible first responders should also compare Homes for Texas Heroes, which uses the Dallas-metro income limit. The Collin County page covers county-wide limits. Try the program finder to see what stacks. Ask your lender to confirm which TDHCA product they're quoting before you count on the gift, since the wrong first lien makes it unavailable. A short call now can save weeks later.

Run by the city of McKinney

McKinney First-Time Homebuyer Assistance

Money can run out

City of McKinney

Meant for: First-time buyers purchasing a principal residence in McKinney
How much: Up to $10,000
Kind of help: Loan that is forgiven over time
Income cap: Program chart on application form (appears older; confirm)
First-timers only?: Yes
Fine print: 0% 5-year deferred forgivable loan; back-end DTI no more than 45%; homebuyer education

Read only the undated application form; city site blocked automated access. Confirm current status with 972-547-7519.

Fact-checked November 2026 · our sources

Could I get this? →

McKinney HFC gift funds with TDHCA

Money can run out

City of McKinney

Meant for: TDHCA borrowers buying in McKinney city limits
How much: $5,000 gift
Kind of help: Grant, nothing to repay
Income cap: TDHCA county limits
Price cap: TDHCA county limits
First-timers only?: Yes
Fine print: With TDHCA My First Texas Home, Combo, or No-DPA first lien; not My Choice

Flyer dated May 27, 2025; first-come, first-served.

Fact-checked November 2026 · our sources

Read our full write-up → Could I get this? →

The statewide layer

Buyers in McKinney can also draw on 9 statewide programs, Homes for Texas Heroes among them. The full Texas list · Program matcher

County guide: Collin County.

Buyer classes near Collin County

Budget a few hours for a buyer class before closing, because almost every program requires it. These HUD-approved agencies around Collin County teach the class or sit down with buyers one on one:

Agency	Town	Miles away	Offers	Languages	How
Transformance Dba Services of Hope Entities	Dallas	31	Buyer class, One-on-one prep	English	By phone
Dallas County Home Loan Counseling Center	Dallas	31	Buyer class, One-on-one prep	English	By phone
Dallas Area Habitat for Humanity	Dallas	33	Buyer class, One-on-one prep	English, Spanish	In person, By phone
Housing Channel	Fort Worth	54	Buyer class, One-on-one prep	English	By phone

Pulled from HUD's list of approved counseling agencies. A class that one program accepts may not count for another.

Which class counts? Your lender keeps the list of approved courses for each Texas program, and can open your pre-approval during the same conversation. Start the eligibility check

Questions from McKinney buyers

How much is McKinney's first-time homebuyer assistance?

Up to $10,000 as a 0% deferred loan forgiven over 5 years. Call 972-547-7519 to confirm current income limits and funding.

Who can get the McKinney HFC $5,000 gift?

First-time buyers in McKinney city limits using a TDHCA My First Texas Home bond loan, Combo, or No-DPA first lien. It does not work with My Choice Texas Home.

Are McKinney's programs open?

Both depend on funding. The HFC gift is first-come, first-served, and the city program's status should be confirmed with the Affordable Housing Office.