McKinney Grant Program Offers Up to $10,000

The City of McKinney’s Community Services Department is helping first-time homebuyers fulfill their dreams of owning a home. The Homebuyer Assistance Program provides down payment and closing costs assistance up to $10,000 for first-time homebuyers purchasing in McKinney with low to moderate income. Funds are made available through a grant from the Texas Department of Housing and Community Affairs' HOME Investment Partnership Program.

Some requirements of the program include:

• First-time homebuyers. A first-time homebuyer is an individual or household who has not owned a home in the last three years or is a displaced homemaker.

• Proof of U.S. citizenship or permanent legal resident alien status.

• Qualifying for a mortgage loan with a private lender.

• Income that does not exceed 80 percent of the Area Median Income.

• The home purchased through the program will be the principal residence.

• The home must be located within the city limits of McKinney.

• Completion of a HUD and City of McKinney approved homebuyer counseling workshop.

Contact Jenny today for more information or to see if you qualify for this grant program.