I'm Bond Peter Njoku (NMLS #2670329). Plano is one of DFW's most desirable addresses — and FHA loans make it accessible for first-time buyers who haven't saved a conventional down payment. With Collin County's higher income limits and TSAHC assistance, many Plano buyers close with far less than they expect.
Plano homes typically run $350,000–$550,000 — and many fall within the 2026 FHA loan limit of $524,225 for Collin County. That means buyers with 580+ credit and 3.5% down can compete in a significant portion of Plano's inventory. FHA's flexibility on credit history and debt ratios makes it the most practical loan type for buyers who are strong on income but light on savings or credit score.
Collin County's income limit for TSAHC in 2026 is approximately $119,700 — higher than Dallas or Tarrant counties. That means more Plano buyers qualify for TSAHC's 3–5% grant, often enough to cover the entire down payment on a mid-range Plano home.
| Minimum credit score | 580 (for 3.5% down) |
|---|---|
| Minimum down payment | 3.5% of purchase price |
| 2026 FHA loan limit | $524,225 (Collin County) |
| Typical Plano price range | $350,000–$550,000 |
| Debt-to-income ratio | Up to 57% (case by case) |
| Mortgage insurance | Upfront MIP + annual MIP |
| DPA compatibility | TSAHC, TDHCA |
A 3–5% grant on your loan amount — no repayment, ever. Works with FHA loans across all of Collin County including Plano. No first-time buyer requirement. Income limit ~$119,700 for Collin County in 2026. On a $400,000 Plano home, a 5% grant covers the entire 3.5% down payment with cash left over for closing costs.
Up to 5% of your loan amount as a deferred second-lien, forgiven at year 3. Pairs with a below-market FHA first mortgage rate. For first-time buyers and veterans. Income limits apply. A strong alternative or complement to TSAHC for Plano buyers who want the lowest possible payment.
In some scenarios TSAHC and TDHCA can be combined to cover both down payment and closing costs — bringing your cash-to-close close to zero. The best combination depends on your income, credit score, and first-time buyer status. I'll map this out for you in the first call.
I'm Bond Peter Njoku (NMLS #2670329), a licensed mortgage loan officer serving Plano and all of Collin County. I specialize in FHA loans with down payment assistance. Text or call me at 469-545-7180.
The 2026 FHA loan limit for Collin County is $524,225. Most Plano homes in the $350,000–$520,000 range fall within this limit. For homes priced above $524,225, conventional financing makes more sense — I'll tell you which is better for your specific target price. I'm Bond Peter Njoku (NMLS #2670329). Call 469-545-7180.
Yes. Plano buyers in Collin County can combine FHA with TSAHC (3–5% grant) and TDHCA (up to 5% deferred). With a Collin County income limit of ~$119,700, more buyers qualify here than in Dallas or Tarrant County. I'm Bond Peter Njoku (NMLS #2670329). Call 469-545-7180.
Yes — especially for buyers with 580–680 credit or limited savings. FHA's 3.5% down plus TSAHC often brings cash-to-close below $5,000 on a mid-range Plano home. I'm Bond Peter Njoku (NMLS #2670329). Text me at 469-545-7180 and I'll calculate your exact scenario for free.
I'm Bond Peter Njoku (NMLS #2670329), your Collin County FHA loan officer. Call, text, or WhatsApp me at 469-545-7180 and I'll run your Plano FHA numbers — including DPA eligibility — for free.
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