I'm Bond Peter Njoku, a licensed Mortgage Loan Officer (NMLS #2670329), and Allen is a market where I hear the same objection constantly: "the schools are great, the homes are great, but the down payment feels out of reach." It usually isn't. Between TSAHC and TDHCA grants and Collin County's relatively generous income limits, most Allen buyers I work with can close with far less cash than they expect.
Collin County's Income Limits Work in Your Favor
Collin County's 2026 income limit for TSAHC and TDHCA assistance sits around $119,700 for a one-to-two person household — noticeably higher than the roughly $97,200 limit in Dallas or Tarrant County. That means a two-income Allen household earning well into six figures can still qualify for a grant, which surprises a lot of buyers who assume DPA is only for lower-income applicants.
Programs Available to Allen Buyers
| Program | Assistance Amount | Type | First-Time Buyer Required? |
|---|---|---|---|
| TSAHC Home Sweet Texas | 3–5% of loan amount | Grant — never repaid | No |
| TDHCA My First Texas Home | Up to 5% of loan amount | Deferred, forgiven at year 3 | Yes (or veteran) |
| FHA base loan | 3.5% minimum down | Insured mortgage | No |
| Conventional base loan | 3–5% minimum down | Fannie Mae/Freddie Mac | No |
Allen's home prices commonly run $380,000–$550,000, so a 5% grant can mean $19,000–$27,500 toward your down payment and closing costs. I pair the grant with either an FHA loan if your credit is still building, or conventional financing if your score is 680+ and PMI removal down the road matters to you.
Credit and Qualifying Requirements
| Factor | Typical Requirement |
|---|---|
| Minimum credit score (FHA + DPA pairing) | 620 (case-by-case to 600) |
| Minimum credit score (Conventional + DPA pairing) | 640–660 typical |
| Collin County income limit (1-2 person household) | ~$119,700 |
| Homebuyer education course | Required for TDHCA, recommended for TSAHC |
A Realistic Allen Scenario
On a $480,000 Allen home, a 5% Home Sweet Texas grant is $24,000. Paired with FHA's 3.5% down of $16,800, that grant covers the entire down payment with about $7,200 left toward closing costs. If you're move-up buying and don't qualify as a first-time buyer for TDHCA, TSAHC's grant is still on the table since it has no first-time buyer requirement — a detail a lot of Allen move-up buyers don't realize applies to them.
Next Steps for Allen Buyers
Allen rewards buyers who know which grant to pair with which loan type. Visit my Allen location page for a market overview, my Allen DPA combo page for full program breakdowns, or read my TSAHC Home Sweet Texas guide for a deeper look at how the grant works statewide.
Frequently Asked Questions
What down payment assistance is available for Allen TX buyers in 2026?
Allen buyers can use TSAHC Home Sweet Texas (a 3-5% grant with no repayment) and TDHCA My First Texas Home (up to 5%, forgiven at year three). Both can pair with an FHA or conventional first mortgage. I'm Bond Peter Njoku (NMLS #2670329) — call or text me at 469-545-7180 to check your eligibility.
What is the income limit for down payment assistance in Allen?
Collin County's 2026 income limit for TSAHC and TDHCA is approximately $119,700 for a one-to-two person household, higher than Dallas or Tarrant County, which gives Allen buyers more room to qualify. I'm Bond Peter Njoku (NMLS #2670329), call or text me at 469-545-7180 to see where your household falls.
Can move-up buyers in Allen use down payment assistance, not just first-time buyers?
Yes, with TSAHC Home Sweet Texas — it has no first-time buyer requirement, which matters in Allen since many buyers here are moving up from a starter home elsewhere in Collin County. TDHCA My First Texas Home does require first-time buyer status unless you're a veteran. I'm Bond Peter Njoku (NMLS #2670329) — call or text me at 469-545-7180 for a full eligibility check.
How much does down payment assistance cover on a typical Allen home?
On a $480,000 Allen home, a 5% grant is $24,000 — enough to cover most or all of an FHA 3.5% down payment with cash left for closing costs. The exact number depends on your loan amount and the program you qualify for. I'm Bond Peter Njoku (NMLS #2670329) — call or text me at 469-545-7180 and I'll run your numbers.
Find Out What You Qualify For in Allen
I'm Bond Peter Njoku (NMLS #2670329). I'll check your income against Collin County's 2026 limits and show you exactly how much a grant saves you upfront on an Allen home. Call or text me at 469-545-7180, message me on WhatsApp, or start your pre-approval online.