Down Payment Assistance Program

The City of Frisco currently offers a Down Payment Assistance Program designed to help low and moderate income families employed by the city of Frisco or the Frisco Independent School District to purchase a home in the city of Frisco.

Down Payment Assistance Program

Families with at least one adult working full-time for the city of Frisco or Frisco ISD for at least 6 months may be assisted in purchasing a home in Frisco. The program provides forgivable loans of up to $10,000 to qualified home buyers for the purpose of down payment and closing cost assistance.

Eligible households must be first time home buyers (with some exceptions). Income and purchase price limits vary by family size. The combined household income of all adults may not exceed $109,956.00 and the maximum sale price is $310,500 in order to be eligible for the program. See this brochure for the full program details.

The Down Payment Assistance Program can be used with other first time home buyer programs to help make home ownership possible for almost everyone.


Application


View or download the application online. The following documents should be attached to your application:
  • A pre-approval letter from a lender for a mortgage
  • Asset statements (e.g. stocks, bonds, CD's, money market funds)
  • Copy of Drivers License (for all adult household members)
  • Copy of Social Security Card (for all adult household members)
  • Income documentation from other sources (e.g. social security, child support, disability, etc.)
  • One month of pay stubs for all adult household members
  • Required 8-hour HUD-approved home buyer training program
  • Six months of bank statements for all adult household members
  • Three years of tax returns
The city of Frisco partners with the city of Plano, Allen, and McKinney to offer one class per month at the city of Plano. For class registration, please call the Plano office at 972-208-8150.

For more information on the Down Payment Assistance Program or to set up an appointment, please contact the Housing and Grants Manager at 972-292-5108.

Fair Housing


The Fair Housing Act prohibits discrimination in housing because of: race, religion, sex, national origin, disability, and familial status. View more information on fair housing.