Conventional Home Loans
Options for eligible purchases and refinances. Some first time buyers may qualify with as little as 3% down. Review the payment, mortgage insurance, and closing funds for your situation.
McKinney Home Loans and Refinance
Mortgage Broker in McKinney, TX
Dylken Home Loans is an independent mortgage broker serving McKinney homebuyers and homeowners. We shop multiple wholesale lenders and explain financing options for your purchase or refinance. Whether you are buying your first home, deciding what to do with your current property, or reviewing how to use your equity, we help you understand the payment, costs, and next steps.
Work directly with Chad Holte, NMLS #198303, founder and owner of Dylken Home Loans, a Certified Mortgage Advisor and Managing Broker with 25+ years of mortgage experience.
Explore Current Mortgage Rates in McKinney
Review purchase and refinance rates, points, and upfront costs. See how your loan amount, down payment, and loan type affect the options available.
Current Mortgage Rates
Rates updated throughout each business day.
No credit check required.
Mortgage Loan Programs Available in McKinney
Start with the home you want to finance, your qualifications, and the payment that fits your budget. We will explain suitable loan options and the funds needed for each.
FHA Loans
Eligible buyers may purchase with as little as 3.5% down. Compare credit and income requirements alongside upfront and ongoing mortgage insurance to understand the full cost.
VA Purchase Loans
Eligible veterans and service members may qualify with no down payment and no monthly mortgage insurance. Review your benefit, any funding fee, and closing costs for your Texas purchase.
Jumbo Mortgages
Finance a higher priced McKinney home with a loan amount above the conforming limit. Explore fixed rate and adjustable rate options, with down payment and cash reserve requirements that vary by lender and your qualifications.
What Should You Do With Your Current Home?
Your next mortgage depends partly on what happens to the property you already own. Review these choices before relying on home equity or expected rental income for a McKinney purchase.
Sell the Current Home
Estimate the proceeds after the mortgage payoff and selling expenses. Decide how much will support the next purchase and coordinate when those funds will be available. Your sale price and available closing funds are different amounts.
Keep It as a Rental
Review the existing housing payment, eligible rental income, and any additional reserve requirements. Potential rent does not automatically remove the mortgage payment from qualification. Also budget for ownership costs, vacancies, and maintenance.
Keep Your Home and Revisit the Financing
If your current home still fits your needs, moving may not be necessary. Review whether changing the rate, shortening repayment, or accessing equity would help you accomplish your goals. Compare the costs with keeping your existing mortgage before deciding.
Where Will Your Cash Make the Biggest Difference?
A larger down payment is one choice. Paying down a debt or keeping more savings can serve a different purpose. Review the actual alternatives before committing your available funds.
Make a Larger Down Payment
Borrow less and review whether the change affects pricing or mortgage insurance. Compare the payment difference with the amount of cash committed. Check whether a smaller down payment would still provide suitable financing.
Pay Down Existing Debt
Review balances and required monthly payments with us before paying accounts off. A payoff may affect qualification differently from a partial balance reduction. Confirm the loan program’s treatment before moving the money.
Keep More Savings
Separate the funds to close from lender required reserves and the savings you want available afterward. Consider moving expenses and other planned spending. The maximum amount you can put down is not automatically the amount you should use.
Check the Costs Attached to the McKinney Property
A community name can help you find a home, but the payment estimate needs the property’s actual records. These two local examples show why the details matter.
Buying in Stonebridge Ranch?
Request current association assessments and the resale documents for the property. Confirm whether any additional association charges apply and which costs are recurring or due at closing. Use the current documents rather than assuming every home in the community carries identical charges.
Considering Trinity Falls?
A McKinney mailing address does not establish City of McKinney tax jurisdiction. Trinity Falls is outside that jurisdiction and includes separate municipal utility districts. Check the property record for the applicable taxing entities, then use those figures in the payment estimate.
References: Stonebridge Ranch assessment and resale document contacts and City of McKinney tax information.
McKinney Housing Market Snapshot
McKinney city · All home types · Three months ending September 2026
$509,757
Median sale price
65 days
Median days on market
$202
Median sale price per sq ft
Market snapshot from Redfin’s McKinney housing market report. Reviewed October 31, 2026.
Choose a Mortgage Term That Fits Your Plans
The monthly payment is only part of the decision. Your repayment term also affects how quickly you pay down the balance and how much interest you pay over time.
Keep the Required Payment Manageable
A longer repayment term spreads the loan over more payments, generally reducing the required principal and interest payment. Consider whether that flexibility supports your budget and savings goals, alongside the total interest cost.
Pay Off the Mortgage Sooner
A shorter mortgage term generally offers a lower interest rate and pays down the balance faster, reducing total interest over the life of the loan. The monthly payment is generally higher because you repay the loan sooner. Compare the payment and interest savings to find a term that fits your budget.
Avoid Restarting the Clock Without a Plan
Consider a 25, 20, or 15 year refinance instead of starting another 30 year term. Some lenders also offer custom repayment terms that can align with your remaining mortgage timeline. Compare the payment and interest costs to choose a payoff schedule that fits your goals.
What real clients are saying
5.0
99 Google & Zillow Reviews
Google
Chad did a great job helping navigate through options. The fastest close we’ve ever had.
Google
This is our second time working with CHAD, his service is excellent. His attention to detail and caring for his customer is outstanding.
Google
I’ve been working with Chad for over 15 years on both new purchases and multiple refinances, and in all kinds of market conditions. I confidently refer friends and family to Chad at every opportunity. It’s fantastic to know that you’re always going to end up with extremely competitive rates, and the best possible service from beginning to end. Amazing work Chad and team!
13 days
Average Closing Time
Individual loan timelines vary.
99
★★★★★
Five Star Reviews
25+
Years of Mortgage Experience
Chad Holte, Managing Broker
Before Replacing Your Mortgage, Identify What You Want to Change
Start with the goal, then compare the existing loan with the proposed mortgage. A refinance has new costs and terms, so review what it accomplishes before replacing a loan you already have.
Change the Rate or Repayment Term
Lower your monthly payment, reduce interest costs, or pay off your home sooner. A rate and term refinance may help you accomplish one or more of these goals, depending on your current mortgage and the new terms available.
Access Home Equity
Use part of your home’s equity to fund improvements, consolidate higher interest debt, or cover a major expense. A cash out refinance can provide funds through a new mortgage, with the payment and overall costs depending on how much you borrow and the terms available.
Refinancing does not itself lower property taxes or insurance premiums. Compare those charges separately from principal and interest.
Rental income, tax, and mortgage insurance references
Common Questions
McKinney Mortgage Questions
Can I keep my current home as a rental when buying in McKinney?
Possibly, if you qualify for the next purchase while meeting the selected loan’s requirements for the retained property, available funds, and reserves. We will review the current housing payment and whether eligible rental income can be considered. Also check insurance, association rules, and your responsibilities as a landlord before committing to the plan.
Will expected rent automatically offset my current mortgage payment?
No. The lender must review acceptable rental documentation and apply the selected program’s income calculation. A rent estimate or signed lease does not by itself establish what can be counted. Rental income may offset only part of the housing obligation, and a shortfall can affect qualification. Review this before assuming you can carry both homes.
Should I pay off debt or make a larger down payment?
Compare both options before moving money. Paying off a debt may reduce the monthly obligations used to qualify, while a larger down payment reduces the amount borrowed and may change mortgage insurance or pricing. The result depends on the debt, loan program, and cash remaining. We can review the alternatives using your actual balances and payments.
How much of my home sale proceeds should I put toward the next purchase?
Start with expected net proceeds after the mortgage payoff and selling expenses. Then compare down payment choices, closing costs, any lender required reserves, and the savings you want to retain. You do not necessarily need to put every dollar of equity into the next home. Confirm the availability of sale proceeds before relying on them for closing.
Does a McKinney mailing address mean I pay City of McKinney property taxes?
No. Mailing addresses and taxing boundaries are different. Trinity Falls, for example, is outside the City of McKinney tax jurisdiction and includes separate municipal utility districts. Check the property’s appraisal district record and applicable taxing entities to estimate taxes for the actual address.
Can I remove conventional mortgage insurance without refinancing?
Possibly. If your loan has borrower paid private mortgage insurance, ask your mortgage servicer about cancellation eligibility before paying to refinance. The balance, applicable property value, payment history, and other requirements affect the answer. FHA mortgage insurance follows different rules. Compare the available cancellation path with the costs and terms of a new mortgage.
Does cash out refinancing replace my existing mortgage?
Yes. A cash out refinance pays off the existing mortgage and creates a new loan with its own rate, term, and costs. The new balance includes the mortgage payoff, cash you receive, and any financed transaction costs. Review the payment on the entire new balance, not just the cash you want. Texas cash out requirements also apply.
Local Guides
McKinney Home Buying Resources
Local guides and answers for buying and owning a home in McKinney.
Statewide Guides
Helpful Texas Home Buying Resources
Statewide guides that apply across every Texas market, McKinney included.
Your Next Step
Take the Next Step With Your McKinney Mortgage
Buying, keeping your current home, or refinancing? Tell us what you want to accomplish. We will review the financing choices, estimated costs, and next information to gather.