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McKinney Housing Finance Corporation + TDHCA Partnership DPA

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

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The program asks for

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

It doesn’t cover

  • Homes outside McKinney

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

Where it applies

McKinney’s homes

  • 70.5% single-family
  • 2.8% townhouse
  • 3% 2–4 units
  • 22.8% 5+ units
  • 1% mobile & other

A tick marks a kind of home the program’s record lists. The agency confirms it for the home you choose.

$471,800

McKinney median home value

7.8%

built before 1980

U.S. Census Bureau, ACS 2024 5-year. More about buying in McKinney

How to apply

  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 homebuyer can take it to a lender or housing counselor.

Free course · 10 minMcKinney Housing Finance Corporation + TDHCA Partnership DPA, explained

Questions about this program

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 homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. Citizenship or immigration status: yes.

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

Also for McKinney homebuyers

Whether two programs can be combined is up to each agency. Ask before you apply.

All 114 programs for McKinney

Program terms are set by the administering agency and can change; confirm on the official site before you apply.