Program #1: The Frisco Down Payment Assistance Program
This program is offered to help individuals who works full-time in Frisco TX for at least 6 months. If there are more than 1 adult in the household, at least 1 adult must work within Frisco city limits. This program provides forgivable loans up to $10,000 to qualified home buyers and these funds can be used towards the down payment and closing costs. The home buyer is required to pay 50% of the closing costs.
There is a maximum income limit and maximum home price on the purchase:
Household Size Income Limit Maximum Purchase Price
1 person $37,250 $150,000
2 persons $42,550 $150,000
3 persons $47,900 $150,000
4 persons $53,200 $150,000
5 persons $57,540 $150,000
6 persons $61,700 $154,250
7 persons $65,950 $164,875
8 persons $70,200 $170,905
The Frisco TX first time home buyer is defined as an individual who has not own a property in the last 3 years. He/She must provide at least 1% of the purchase price from personal funds - not from other programs or assistance.
The Down Payment Loan Assistance is a 10-year non-amortizing loan at zero (0%) interest rate at 10% per year.
The unforgiven portion of the loan must be repaid if, within the 10-year period, if the house is sold, refinance for a cash-out mortgage or the house is no longer deemed homestead (primary residence) for the individual. The remaining unforgiving portion must be re-paid in 5 years.
This program is offered to all home buyers that meet the criteria on a first-come, first-serve basis based on availability of the funds. Priorities will be placed on a point-system for home buyers that:
* A point will be awarded for each year of full-time employment within Frisco TX city limits. Maximum 10 points award.
* For every additional $500 contributed towards the sale of the home (above 1% of purchase price) receive 1 point, up to maximum of 10 points.
* 5 points awarded for purchasing an pre-existing home.
* 5 points awarded to City of Frisco or Frisco Independent School District employee with more than 1-year employment history.
Program #2: Targeted to City of Frisco or Frisco Independent School District
The maximum loan program is $5,000 offered to City of Frisco or Frisco Independent School District employees. Like the previous program, this is also a forgivable loan ie the loan does not need to be re-paid if the requirements are fulfilled.
The Down Payment Assistance Loan is a non-amortizing with zero percent interest rate. The unforgiven portion of the loan must be repaid immediately if the property is:
* Sold prior to re-payment.
* Refinanced (cash out).
* No longer the borrower's homestead.
The Down Payment Assistance Program ($5,000) may be used towards down payment, closing costs, pre-paid and discount points.
Qualifications for the Frisco TX Down Payment Assistance Program #2 include:
* Income limit for 1 or 2-person household not exceeding $66,500.
* Income limit for 3 person(s) or more not exceeding $76,475.
* Purchase price for the home do not exceed $170,000.
* At least one adult in the household is a full-time City of Frisco or Frisco Independent School District for at least 6 months.
* Qualify as a Frisco TX first time home buyer as someone who has not owned a home in the last 3 years.
* Provide at least 1% of the purchase price from personal funds, not borrowed or gifted by other programs or assistance.
* Purchase a home within City of Frisco limits.
* Plans to occupy the property as primary residence.
The loan program is offered on a first-come, first-serve basis to the eligible applicants. Upon approval, the $5,000 is reserved for your use, up to 4 months.
Brand New Home!
• 3,699 sq. ft., 4 bath, 5 bdrm 2 story "No Wasted Space!"
-
$375,000 USD
- Make an Offer!
Craig Ranch, McKinney
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New Home in Craig Ranch! Excellent flrpln features frml din; study w-French doors; open isl kitch w-granite c-tops, stainless appl, double ovens, microwave; lg brkfst area; open fam rm w-hdwd flrs & fp; mstr w-hydra tub & huge WIC; staircase w-wrought iron balusters leads to 4 very nice sized secondary bedrooms w-3 full baths; lg gm rm; media rm; 2 car garage, covered patio and nice yard.
Custom details include wet bar in gameroom with fridge, covered porch in front, covered patio in back, central vacuum, all flooring, cabs, and upgraded tile work.
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Baxter Ridge, Chesterfield
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We invite everyone to visit our open house at 1961 Sumter Ridge Ct on
September 20
from 2:00 AM to 4:00 AM.
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Baxter Ridge, Chesterfield
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We invite everyone to visit our open house at 1961 Sumter Ridge Ct on
September 13
from 2:00 AM to 4:00 AM.
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Great Family Neighborhood
• 2,714 sq. ft., 3 bath, 4 bdrm 2 story "Colonial"
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MLS®
$449,900
Baxter Ridge, Chesterfield
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Parkview, Mesquite - We invite everyone to visit our open house at 628 Yosemite Trail on August 22 from 12:00 PM to 5:00 PM.
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Location, Location, Location!
• 2,084 sq. ft., 2 bath, 4 bdrm 2 story split
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MLS®
$219,900
- Remodeled
Country Lane Woods, Ballwin
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Falcon's Lair, Mesquite - Announcing a price reduction on 2236 Stonebrook, a 1,134 sq. ft., 2 bath, 2 bdrm single story "Low Maintenance". Now 
MLS® $119,990 USD - Make an Offer!.
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Falcon's Lair, Mesquite - We invite everyone to visit our open house at 2236 Stonebrook on July 12 from 12:00 PM to 9:00 PM.
Property information
Falcon's Lair, Mesquite - Announcing a price reduction on 2236 Stonebrook, a 1,134 sq. ft., 2 bath, 2 bdrm single story "Low Maintenance". Now MLS® $119,990 USD - Make an Offer!.
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Craig Ranch, McKinney - We invite everyone to visit our open house at 8005 Delaware on June 6 from 10:00 AM to 4:00 PM.
Property information
Brand New Home!
• 3,699 sq. ft., 4 bath, 5 bdrm 2 story "No Wasted Space!" - $375,000 USD - Make an Offer!
Craig Ranch, McKinney - New Home in Craig Ranch! Excellent flrpln features frml din; study w-French doors; open isl kitch w-granite c-tops, stainless appl, double ovens, microwave; lg brkfst area; open fam rm w-hdwd flrs & fp; mstr w-hydra tub & huge WIC; staircase w-wrought iron balusters leads to 4 very nice sized secondary bedrooms w-3 full baths; lg gm rm; media rm; 2 car garage, covered patio and nice yard.
Custom details include wet bar in gameroom with fridge, covered porch in front, covered patio in back, central vacuum, all flooring, cabs, and upgraded tile work.
Property information
Craig Ranch, McKinney - Announcing a price reduction on 8005 Delaware, a 3,699 sq. ft., 4 bath, 5 bdrm 2 story "No Wasted Space!". Now $375,000 USD - Make an Offer!.
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Allen Independent School District
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Geogous Throughout!
• 4,940 sq. ft., 4 bath, 4 bdrm single story - $1,288,888 USD - Unbelievable Price!
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