McKinney First-Time Homebuyer Down Payment Assistance

City of McKinney Community Development

Available Down Payment

About This Program

Down payment and closing cost assistance for first-time homebuyers purchasing in McKinney. Forgivable loan that does not require repayment if buyer remains in home as primary residence for required period, typically 5 years.

Forgivable loan for down payment and closing costs; no repayment if occupancy maintained

Key Details

  • Up to $15,000 forgivable loan
  • First-time homebuyers only
  • Income at or below 120% AMI
  • Must purchase in McKinney city limits
  • Forgiven after 5 years of occupancy

How to Apply

Deadline: Applications accepted year-round, subject to funding

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