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Reviewed by David Ghazaryan, Mortgage Broker, NMLS 1486726 · iQRATE Mortgages · Last updated: October 13, 2026
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A McKinney mortgage broker compares many lenders for the conventional, FHA, jumbo and new-construction loans common in Collin County. iQRATE Mortgages (NMLS 1862492) is licensed in Texas and shops more than 100 lenders on complex files. Collin County's 2026 limits are $832,750 conforming and $563,500 FHA, higher than Houston's $541,287 because the Dallas–Fort Worth area uses a higher FHA limit. For 2025, McKinney's city rate is $0.415513, McKinney ISD is $1.1043 and Collin County is $0.149343 per $100, before exemptions and any MUD or PID.
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5.0 stars from 87 reviews on Experience.com (October 2026) · Read David's reviews on Experience.com
McKinney keeps growing north and west along US-75 and the Sam Rayburn Tollway, with new communities like Trinity Falls and Painted Tree and older neighborhoods around the historic downtown square. Many buyers are relocating to North Texas for corporate jobs in Plano, Frisco and Allen, and many move up from a starter home. Parts of McKinney are served by Frisco, Prosper, Allen or Lovejoy ISD, which changes the tax bill.
Part of our Texas mortgage broker coverage. We're licensed in Texas under company NMLS 1862492 and work McKinney files from our Las Vegas office, closing with local escrow and title.
Neighborhoods and ZIPs we lend in: Historic Downtown McKinney (75069), Stonebridge Ranch (75070, 75071), Craig Ranch (75070), Eldorado (75070), Tucker Hill (75071), Trinity Falls (75071), Painted Tree (75071) and Erwin Farms (75071).
McKinney's growth along US-75 and the Sam Rayburn Tollway means many buyers relocate from out of state. We often pair a bridge loan or a buy-before-you-sell plan with a conventional or jumbo purchase.
Texas basics that apply here: Texas has no transfer tax and no state income tax, and title insurance premiums are set by the Texas Department of Insurance. Property taxes are high and billed each October and paid in arrears, so lenders usually collect about 2–6 months of taxes into escrow at closing, depending on the closing month; the seller's prorated tax credit for the months they owned the home offsets part of that. Owner-occupants get the homestead exemption and a 10% cap on yearly appraisal increases after the first year. A cash-out loan on a homestead is limited to 80% of value under Section 50(a)(6). Statewide down payment help includes TSAHC (Homes for Texas Heroes, Home Sweet Texas) and TDHCA (My First Texas Home).
Closing costs are what it costs you to get the loan: origination, discount points, appraisal, and escrow and title. Cash to close also includes your prepaids (first-year homeowners insurance, daily interest to month-end, and an escrow deposit for your own future property taxes and insurance) plus your down payment. Prepaids aren't a cost of the loan; they're your own bills paid ahead. In McKinney, the first year of homeowners insurance (hail claims make North Texas premiums high) and 2–6 months of property-tax escrow, offset by the seller's tax credit, are the big prepaids. Your actual closing costs depend on county, price and loan type, so we don't quote a one-size range: every line is itemized on your Loan Estimate, and our Bare Bones guarantee means we add no fees of our own. Compare states on our closing costs by state page.
Collin County: conforming $832,750 and FHA $563,500 for a one-unit home (FHFA and HUD). Two-unit FHA is $721,400.
Conventional (as little as 3% down for eligible first-time buyers), FHA (3.5% down, 580+ score), VA (no down payment for eligible veterans with full entitlement), jumbo above the conforming limit, DSCR loans that qualify on rent, bank statement loans for self-employed borrowers, asset-based and 1099 loans, and rate-and-term or cash-out refinances. As a broker we compare wholesale lenders, more than 100 on complex files, instead of one bank's menu.
Terms for each are on its own page; see all iQRATE guarantees.
$563,500 for a one-unit home in Collin County. The conforming limit is $832,750.
For 2025, about $1.67 per $100 for city, McKinney ISD and county combined, before exemptions, Collin College and any PID or MUD.
McKinney is served by McKinney, Frisco, Prosper, Allen and Lovejoy ISDs, depending on the address.
A public improvement district assessment that pays for infrastructure in some newer communities, billed in addition to property taxes.
North Texas hail claims push premiums and deductibles up, especially on older roofs.
Yes, $563,500 in Collin County versus $541,287 in Harris County.
Closing costs depend on the price, loan type and county, so yours are itemized on your Loan Estimate rather than quoted as a range. Closing costs are what it costs to get the loan (origination, points, appraisal, escrow and title). Cash to close also includes prepaids and your down payment; in McKinney, the first year of homeowners insurance (hail claims make North Texas premiums high) and 2–6 months of property-tax escrow, offset by the seller's tax credit, are the big prepaids.
Most of our loans close in under 30 days. For eligible full-documentation conventional, FHA and VA purchases, our goal is 17 calendar days from signing initial disclosures.
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iQRATE Mortgages · NMLS 1862492 · 6360 S Rainbow Blvd Ste 101, Las Vegas, NV 89118 · Licensed in Nevada, California, Texas and Florida. David Ghazaryan, Mortgage Broker, NMLS 1486726. Verify us on NMLS Consumer Access. Equal Housing Opportunity. Programs, rates and terms change and are subject to credit, property and underwriting approval; local facts on this page come from the public sources below and are not legal or tax advice.
More: Texas mortgage broker · DSCR loans · Bank statement loans · Our guarantees · Closing costs by state
