Plano Down Payment Assistance
Discover how Plano-area home buyers can receive up to 5% in down payment and closing cost assistance through Texas state programs.
Population
288,253
Median Home Price
$450,000
Median Income
$103,520
DPA Available
Up to 5%
Down Payment Assistance in Plano, Texas
Plano is one of the most affluent and business-friendly cities in Texas, home to numerous corporate headquarters including Toyota North America and Capital One. With a median home price around $450,000, Plano represents the premium end of the DFW housing market.
Collin County income limits for DPA programs are among the highest in Texas, reflecting the area's strong economy and high household incomes. The TDHCA My Choice Texas Home program is particularly relevant for Plano buyers who may not be first-time purchasers but still benefit from assistance.
The Legacy business district has attracted major corporations, creating a live-work-play environment that rivals any in the nation. Toyota's decision to relocate its North American headquarters to Plano brought thousands of jobs and additional corporate interest in the area.
While Plano's median prices are high, homes in eastern Plano and older neighborhoods offer more affordable options that may fall within DPA purchase price limits. The excellent Plano ISD schools make even these older homes highly desirable for families prioritizing education.
DPA Program Note
Collin County has highest income limits in Texas. Eastern Plano and older neighborhoods offer best DPA opportunities.
Why Plano for Homeownership?
Key factors that make Plano an excellent market for buyers using down payment assistance.
Corporate headquarters hub
Toyota NA headquarters
Top-rated Plano ISD
Legacy business district
Major Employers in Plano
Plano's diverse economy provides stable employment for home buyers qualifying for DPA programs.
Popular Plano-Area Communities
Explore neighborhoods and suburbs in the Plano metro where DPA programs can help you buy a home.
DPA Eligibility in Plano
Most Plano-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 Plano 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?
Plano DPA FAQs
How much down payment assistance can I get in Plano?
Home buyers in Plano can receive up to 5% of the loan amount in down payment assistance through TDHCA and TSAHC programs. On a $450,000 home, that's up to $22,500 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 Plano?
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 Plano.
Check Your Eligibility in Plano
Take our free 60-second quiz to see which Texas DPA programs you may qualify for in the Plano area. No credit check required, no obligation.
Cook Brothers Mortgage Team at Cornerstone First Mortgage | NMLS #173855