McAllen Down Payment Assistance
Discover how McAllen-area home buyers can receive up to 5% in down payment and closing cost assistance through Texas state programs.
Population
145,158
Median Home Price
$195,000
Median Income
$48,017
DPA Available
Up to 5%
Down Payment Assistance in McAllen, Texas
McAllen serves as the commercial and healthcare hub of the Rio Grande Valley, with a thriving medical tourism industry and affordable housing. With a median home price around $195,000, McAllen offers excellent value for homebuyers.
Hidalgo County income limits make DPA accessible to most McAllen households. The city's affordable housing stock means buyers can often purchase homes well within DPA limits while accessing strong healthcare and retail employment.
DHR Health and South Texas Health System have made McAllen a regional medical center, drawing patients from across South Texas and Mexico. UTRGV brings higher education jobs, and the city's retail corridors attract shoppers from both sides of the border.
North McAllen has seen most new development with master-planned communities. Mission, Edinburg, and Pharr offer affordable options in the surrounding metro. Sharyland provides rural estate living. The area's warm climate attracts retirees seeking affordable Sun Belt housing.
DPA Program Note
Affordable market with most homes qualifying for DPA. Healthcare employment provides stable buyer base.
Why McAllen for Homeownership?
Key factors that make McAllen an excellent market for buyers using down payment assistance.
Medical tourism hub
Retail destination
Growing healthcare sector
Affordable housing
Major Employers in McAllen
McAllen's diverse economy provides stable employment for home buyers qualifying for DPA programs.
Popular McAllen-Area Communities
Explore neighborhoods and suburbs in the McAllen metro where DPA programs can help you buy a home.
DPA Eligibility in McAllen
Most McAllen-area buyers who meet the following criteria can qualify for Texas down payment assistance programs.
- Household income within Hidalgo County limits (varies by program and family size)
- Minimum credit score of 620 (some programs may allow lower with compensating factors)
- Purchasing a primary residence in the state of Texas
- Completing a HUD-approved homebuyer education course (available online)
- Working with a TDHCA- or TSAHC-approved lender like Cornerstone First Mortgage
- Meeting the purchase price limits for Hidalgo County (currently up to $472,030 standard or $546,250 in high-cost areas)
Eligibility requirements vary by program. Contact the Cook Brothers Mortgage Team for a personalized eligibility assessment based on your specific financial situation and the McAllen area where you plan to buy.
Check Your Eligibility
Answer a few quick questions to see if you qualify
Have you owned a home in the last 3 years?
McAllen DPA FAQs
How much down payment assistance can I get in McAllen?
Home buyers in McAllen can receive up to 5% of the loan amount in down payment assistance through TDHCA and TSAHC programs. On a $195,000 home, that's up to $9,750 in assistance.
What are the income limits for DPA in Hidalgo County?
Income limits vary by program and household size. Hidalgo County limits are based on the McAllen-Edinburg-Mission Area Median Income (AMI). Generally, households earning up to 115% of AMI can qualify. Use our calculator or contact us for current limits.
Do I have to be a first-time buyer to use DPA in McAllen?
No! While the TDHCA My First Texas Home program is for first-time buyers, the My Choice Texas Home program and some TSAHC options are available to repeat buyers. If you've owned a home before, you may still qualify for assistance in McAllen.
Check Your Eligibility in McAllen
Take our free 60-second quiz to see which Texas DPA programs you may qualify for in the McAllen area. No credit check required, no obligation.
Cook Brothers Mortgage Team at Cornerstone First Mortgage | NMLS #173855