McKinney Down Payment Assistance
Discover how McKinney-area home buyers can receive up to 5% in down payment and closing cost assistance through Texas state programs.
Population
207,010
Median Home Price
$425,000
Median Income
$105,000
DPA Available
Up to 5%
Down Payment Assistance in McKinney, Texas
McKinney combines a charming historic downtown with rapidly expanding new development, offering the best of both worlds in the DFW metro. As the Collin County seat, McKinney has attracted corporate relocations while preserving its small-town character. Median home prices around $425,000 reflect strong demand.
Collin County's generous income limits allow many McKinney buyers to access DPA programs. Note that McKinney is excluded from some SETH programs, so TDHCA and TSAHC options are particularly important for McKinney homebuyers.
Raytheon's expansion and Globe Life's headquarters relocation have brought thousands of jobs to McKinney. The city's employment growth, combined with excellent McKinney ISD schools, has driven rapid population increases and diverse housing development.
Stonebridge Ranch and Craig Ranch are established master-planned communities with amenities including golf courses and fitness centers. Trinity Falls and newer developments on the city's northern edge offer homes at various price points, with some falling within DPA purchase price limits.
DPA Program Note
McKinney is SETH-excluded—focus on TDHCA/TSAHC programs. Newer northern developments offer best DPA pricing.
Why McKinney for Homeownership?
Key factors that make McKinney an excellent market for buyers using down payment assistance.
Historic downtown district
Mix of new and established neighborhoods
Growing employment base
Collin County seat
Major Employers in McKinney
McKinney's diverse economy provides stable employment for home buyers qualifying for DPA programs.
Popular McKinney-Area Communities
Explore neighborhoods and suburbs in the McKinney metro where DPA programs can help you buy a home.
DPA Eligibility in McKinney
Most McKinney-area buyers who meet the following criteria can qualify for Texas down payment assistance programs.
- Household income within Collin 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 Collin 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 McKinney 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?
McKinney DPA FAQs
How much down payment assistance can I get in McKinney?
Home buyers in McKinney can receive up to 5% of the loan amount in down payment assistance through TDHCA and TSAHC programs. On a $425,000 home, that's up to $21,250 in assistance.
What are the income limits for DPA in Collin County?
Income limits vary by program and household size. Collin County limits are based on the Dallas-Fort Worth-Arlington 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 McKinney?
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 McKinney.
Check Your Eligibility in McKinney
Take our free 60-second quiz to see which Texas DPA programs you may qualify for in the McKinney area. No credit check required, no obligation.
Cook Brothers Mortgage Team at Cornerstone First Mortgage | NMLS #173855