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McKinney Housing Finance Corporation + TDHCA Partnership DPA

McKinney, Texas

Last verified
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Assistance

$5,000

The maximum the program publishes — not an offer

Repayment

Grant

Not repaid

What is McKinney Housing Finance Corporation + TDHCA Partnership DPA?

McKinney Housing Finance Corporation + TDHCA Partnership DPA is a grant for homebuyers in McKinney, Texas.

  • The McKinney Housing Finance Corporation provides $5,000 in bonus gift funds automatically stacked on top of any TDHCA DPA reservation for homes within McKinney city limits in Collin County. The funds are a one-time gift requiring no repayment, applied through a TDHCA participating lender.
  • $5,000 bonus gift funds.
  • No repayment.
  • Auto-applied with TDHCA DPA.
  • McKinney city limits.
  • Funding comes from Local.

How much assistance does it provide?

McKinney Housing Finance Corporation + TDHCA Partnership DPA offers up to $5,000 in assistance.

  • The program can be combined with other assistance, subject to the rules of each.
  • Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

McKinney Housing Finance Corporation + TDHCA Partnership DPA is structured as a grant, so it is not repaid.

  • Repayment is triggered by None — gift funds.
  • The assistance is recorded in Grant (no lien) position.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

McKinney Housing Finance Corporation + TDHCA Partnership DPA is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • Citizenship or immigration status: yes

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

McKinney Housing Finance Corporation + TDHCA Partnership DPA sets its income limit as follows: Must meet TDHCA income limits for Collin County; My First Texas Home (non-My Choice) only.

  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

McKinney Housing Finance Corporation + TDHCA Partnership DPA can be used for Single-family.

  • New construction is eligible.

Where does it apply?

McKinney Housing Finance Corporation + TDHCA Partnership DPA serves buyers purchasing in McKinney, Texas.

How do you apply?

Applications for McKinney Housing Finance Corporation + TDHCA Partnership DPA go through the administering agency, which publishes the current terms and the application steps on its own site.

  1. Contact the administering agency to reserve funds

    Funds are reserved with the provider and are subject to availability.

  2. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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