$5,000 more.Only in McKinney.
McKinney adds a $5,000 gift on top of the state's My First Texas Home program for homes inside city limits. This page explains which state options it pairs with, the one it does not, and why the published limits need a current check.
Our comparative assessment: cash saved 40%, ease 25%, speed 15%, fewer strings 20%. Full rankings
The McKinney Housing Finance Corporation adds a $5,000 gift, with no repayment, for buyers of homes inside McKinney city limits who use TDHCA's My First Texas Home, the My First Texas Home plus MCC combo, or the TDHCA No DPA first lien. It does not work with My Choice Texas Home. Funds are first come, first served. The published limits come from a flyer effective May 27, 2025, so the current limits are confirmed by a TDHCA participating lender.
Who qualifies.
- Home inside McKinney city limits
- Using TDHCA My First Texas Home, the My First plus MCC combo, or the No DPA first lien (not My Choice Texas Home)
- First-time buyer for My First Texas Home, except qualified veterans and Qualified Targeted Census Tracts
- Income per the May 27, 2025 flyer: $117,300 (1 to 2 people) and $134,895 (3+), non-targeted
- Price per the same flyer: $585,006 non-targeted, $715,007 targeted
- TDHCA rules: 620 minimum score and HUD-certified homebuyer education for every borrower
How it works.
TDHCA participating lender
The buyer applies through a TDHCA approved lender, who confirms the current McKinney limits and funding.
Program choice
The loan must be My First Texas Home, the My First plus MCC combo, or the No DPA first lien. My Choice Texas Home does not qualify for the gift.
Homebuyer education
Every borrower completes HUD-certified homebuyer education, per TDHCA.
Contract inside McKinney
The home must be inside McKinney city limits and within the price limit.
Closing
The $5,000 gift is applied at closing, first come, first served, alongside any TDHCA assistance.
Example: a $300,000 home in McKinney with FHA
Example only. $300,000 x 3.5% = $10,500. If the $5,000 gift goes toward the down payment, $5,500 remains before any TDHCA assistance, which is 2% to 5% of the loan, funding permitting. Limits shown are from the McKinney flyer effective May 27, 2025; current limits are confirmed by the lender. Rates, taxes, insurance and closing costs vary.
The packet includes the TDHCA McKinney gift page, the participating lender list, the program comparison against My Choice Texas Home and a document checklist.
What works
- $5,000 that is never repaid
- Stacks on top of TDHCA My First Texas Home assistance
- Also works with the No DPA first lien and the My First plus MCC combo
- Higher price limits in targeted tracts
What it costs you
- McKinney city limits only
- Not available with My Choice Texas Home
- First come, first served
- Published limits come from a 2025 flyer
- My First Texas Home is for first-time buyers, with exceptions, and carries recapture tax
The part nobody explains.
The gift is tied to the state program choice. A buyer who picks My Choice Texas Home gives up the $5,000, so the program choice is worth comparing in dollars.
The McKinney flyer limits (income $117,300 and $134,895, price $585,006) are lower than TDHCA's current My First Texas Home limits effective July 13, 2026 for Collin, Dallas and Denton ($121,100 and $139,265, price $589,596). The lender confirms which numbers apply to the McKinney gift today.
The gift also works with the TDHCA No DPA first lien. That gives a buyer a path to the $5,000 without taking a TDHCA second lien.
Pairing with the Texas MCC adds a federal tax credit of 15% of annual mortgage interest, and recapture tax can apply on a later sale.
Get the packet.
The official links are not on this page on purpose. They come in one email, organized, with what to do with each one and in what order.
- The packet includes the TDHCA McKinney gift page, the participating lender list, the program comparison against My Choice Texas Home and a document checklist.
- Every official link for this program, plus the links for every guide you explored here
- A match with a Texava-vetted lender who closes this program
- A direct reply from Albert in English or Spanish
Where should I send it?
Your packet is on its way.
Every guide you explore before you leave gets added to the next packet. Keep reading below.
Programs stack.
The McKinney gift requires a TDHCA program, and My First Texas Home is the main one it pairs with.
Texas / Federal tax credit6.2Mortgage Credit Certificate (MCC)The My First plus MCC combo also qualifies for the gift and adds a 15% federal mortgage interest tax credit.
Side by side.
The Texava Score weighs what matters to a buyer: cash saved 40%, ease to qualify 25%, speed and paperwork 15%, fewer strings 20%.
Asked most.
Do I have to repay the $5,000?+
No. It is a gift with no repayment.
Does it work with My Choice Texas Home?+
No. It works with My First Texas Home, the My First plus MCC combo, or the TDHCA No DPA first lien.
What are the limits?+
The flyer effective May 27, 2025 lists income of $117,300 (1 to 2 people) and $134,895 (3+) non-targeted, and price limits of $585,006 non-targeted and $715,007 targeted. Current limits are confirmed by a TDHCA participating lender.
Does a McKinney mailing address count?+
The gift is for homes inside the City of McKinney, so the test is city limits.
Is funding guaranteed?+
No. It is first come, first served.
The value compounds.
2% to 5% DPA for first-time buyers
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