McKinney Housing Finance Corporation Bonus Gift Funds

Administered by: McKinney Housing Finance Corporation / TDHCA · City · Grant

Funding status: Active

How much assistance

$5,000 (Grant)

One-time gift with no repayment required.

Eligibility

  • Income limits: Must meet TDHCA income limits for Collin County
  • First-time buyer required: No
  • Geographic restrictions: Must purchase within McKinney designated city limits. Must use a TDHCA DPA reservation.
  • Homebuyer education required: No

How to Apply for McKinney Housing Finance Corporation Bonus Gift Funds

Step 1: Work with a TDHCA participating lender and obtain a TDHCA DPA reservation for a home within McKinney city limits. The $5,000 bonus gift funds are applied automatically on top of the standard TDHCA assistance. Funds are limited.

Visit program website

Notes

This is additional DPA layered on top of standard TDHCA programs (My First Texas Home). Available to both first-time and repeat buyers through TDHCA. Not eligible with My Choice option. Cash back to borrower at closing is not allowed.

Cities Where This Program Is Available