Down Payment Assistance Programs for Frisco, Texas:

Frisco Down Payment Assistance Program
- For families with at least one working full-time adult in Frisco for at least 6 months
- For assistance with homes being purchased in Frisco
- Provides “forgivable” loans up to $10,000 for qualified homebuyers for down payment and closing costs
- Usually must be first time homebuyers and required to pay 50% of closing costs
- Income and purchase price limits apply
- Refer to the City of Frisco’s Down Payment Assistance Program brochure for details
Frisco Targeted Down Payment Assistance Program
- For families with at least one adult working full-time for the City of Frisco or Frisco ISD for at least 6 months
- For assistance with homes being purchased in Frisco
- Provides “forgivable” loans up to $10,000 for qualified homebuyers for down payment and closing costs
- Income and purchase price limits apply
- Refer to the City of Frisco’s Targeted Down Payment Assistance Program brochure for details
Click here for details on both programs and for an application on the City of Frisco web site

Down Payment Assistance Program for McKinney, Texas:

Provides down payment and closing costs assistance to low-to-moderate-income first-time homebuyers within the City of McKinney
Provides a “forgivable” 5-year loan up to $7,500 at 0% interest for down payment and non-recurring closing costs
Must be a first-time homebuyer who hasn’t owned a home in the last three years
Home cannot cost more than $132,000
Additional restrictions/requirements apply
For details, contact info, and application, go to the City of McKinney Down Payment Assistance Program page