City of McKinney Homebuyer Assistance Program

Administered by: City of McKinney Housing and Community Development Department · City · Forgivable Loan

Funding status: Active

How much assistance

Up to $10,000 (Forgivable Loan)

Zero-interest forgivable loan forgiven over 5 years of owner-occupancy.

Eligibility

  • Income limits: Must not exceed 80% of Area Median Income
  • First-time buyer required: Yes — Must not have owned a home in the last three years, or must be a displaced homemaker.
  • Geographic restrictions: Home must be located within the city limits of McKinney, Texas.
  • Homebuyer education required: Yes

How to Apply for City of McKinney Homebuyer Assistance Program

Step 1: Complete a HUD and City of McKinney-approved homebuyer class. Submit a Homebuyer Assistance Program Application with all required documentation to the McKinney Housing and Community Development Department at least 45 days prior to the expected closing date.

Visit program website

Cities Where This Program Is Available