What down payment assistance is available in Plano TX?

Plano buyers have access to 5+ statewide programs. TSAHC Home Sweet Texas offers up to 5% as a grant. TDHCA offers up to 5% as a deferred or forgivable loan. Collin County's higher AMI means higher income limits than most Texas counties. Credit scores start at 620.

Does Plano have its own DPA program?

Plano does not currently operate a city-specific DPA program. Texas statewide programs through TSAHC and TDHCA are the primary options. SETH 5 Star may exclude certain DFW cities -- confirm with your lender.

Can I get DPA on a $480K home in Plano?

Yes. 5% of $480,000 = $24,000 in grant or deferred assistance. FHA requires 3.5% ($16,800). The 5% covers the full down payment plus $7,200 toward closing costs. Plano's prices are below the $541,287 FHA limit, so all FHA-based programs work.

What income limits apply in Plano?

Collin County AMI is approximately $115,000 for a family of 4 -- one of the highest in Texas. TDHCA at 115% AMI allows incomes up to approximately $132,000. TSAHC has county-specific limits that may be higher. A dual-income household earning $120,000 qualifies for multiple programs.

What credit score do I need?

TSAHC and TDHCA require 620 minimum. Most Plano buyers with 620+ have access to the full range of statewide programs.

Do I have to be a first-time buyer?

Not for TSAHC Home Sweet Texas or TDHCA My Choice Texas Home. Both accept repeat buyers. TDHCA My First Texas Home requires first-time status but waives it for veterans.

What is the FHA loan limit in Plano?

The FHA loan limit for Collin County is approximately $541,287 for a single-family home. Most Plano purchases fall below this, but some newer construction and larger homes may exceed it. Purchases above the FHA limit require conventional financing with fewer DPA options.

Can I combine DPA with a Mortgage Credit Certificate?

Yes. TSAHC and TDHCA programs both pair with MCCs for up to $2,000/year in federal tax credits on top of the 5% DPA. Over 10 years that is $20,000 in additional savings.

Can veterans get DPA in Plano?

Yes. TSAHC Heroes offers 5% grant for veterans, active military, teachers, and first responders. TDHCA waives the first-time requirement for veterans. VA (0% down) + TSAHC (5% for closing) = potentially zero cash at closing.

Is DPA competitive in Plano's market?

DPA-backed offers are common across the DFW metro. In Plano's price range, TSAHC and TDHCA are well-established. Most listing agents and title companies are familiar with these programs. The key is finding a lender who can close DPA loans efficiently.

Down Payment Assistance Plano TX 2026 | 5+ Programs, 5% Grants Available

Last updated: April 2026 · Program availability changes frequently

Down Payment Assistance in Plano: Overview

Lenders who work the Collin County market regularly see the same pattern: dual-income households earning $110,000-$130,000 who assume they earn too much for any DPA program. In Plano, that assumption is wrong. Collin County has one of the highest Area Median Incomes in Texas, approximately $115,000 for a family of four. That pushes DPA income limits higher than buyers expect.

TDHCA programs cap at approximately 115% AMI, which in Collin County means incomes up to roughly $132,000 may qualify. TSAHC has its own county-specific limits that can be even more generous. A household earning $120,000 is not disqualified from DPA in Plano. It just narrows which programs apply.

Plano's median home price sits around $480,000. A 3.5% FHA down payment on that is $16,800. TSAHC Home Sweet Texas covers up to 5% of the loan as a grant. On a $480K purchase, 5% = $24,000. That covers the full FHA down payment plus $7,200 toward closing costs. The math works at Plano prices because the programs are percentage-based, not flat-dollar amounts.

Plano does not have a city-specific DPA program. That simplifies the decision: you are comparing TSAHC, TDHCA, and potentially SETH statewide options against each other. The difference between them is usually the first mortgage rate on the day you lock. This guide covers what is open and how the programs work at Plano's price point.

Quick Answer

Yes. Plano buyers have access to 5+ statewide DPA programs offering up to 5% of the loan amount. Collin County's high AMI means income limits are more generous than in most Texas counties.

On a $480,000 home: TSAHC provides $24,000 as a grant you never repay. TDHCA provides $24,000 as a deferred loan. FHA requires $16,800 down. Both programs cover the full down payment with $7,200 left for closing costs.

Credit scores start at 620. Multiple programs accept repeat buyers. No city application is needed.

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This guide is for informational purposes only and is not a commitment to lend. Program availability, terms, and eligibility requirements change frequently. All program details should be verified directly with the administering agency or an approved lender before making financial decisions. DownPaymentScout is an independent resource and is not affiliated with any government agency or lending institution. Last updated April 2026. Program availability changes frequently.

Down Payment Assistance in Plano, Texas

Down Payment Assistance in Plano: Overview

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