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