McKinney mortgage advisor

A focused first conversation.

1. Share the scenario. Purchase timing, property path — historic resale, master-planned community, or new construction — and buyer profile.
2. Organize the file. Income, assets, ID, and construction details if a builder is involved.
3. Clarify the next move. Know what still needs review before an offer goes in.

What Tony asks before you make an offer in McKinney.

1. Scenario. Is this a primary home, second home, or investment property? Are you weighing a builder's offer against outside financing, or considering a resale? McKinney runs from historic homes near the square to master-planned new builds — very different financing questions.
2. Timeline. Are you touring now, planning to offer this month, or looking farther out? For new construction, note the estimated completion date and whether the contract sets financing or rate-lock deadlines; older homes add their own checkpoints — appraisal, repairs, condition review.
3. Buyer type. First-time buyer, repeat buyer, veteran, self-employed, relocating, or purchasing with another borrower — each path changes the documents and questions that come next. Buyer type is context, not a verdict; program fit still requires review.
4. Down payment range. Share the down payment range you are considering and the funds involved. Tony can then identify what must be documented — reserves, gifts, or sale proceeds may need a closer look. Keep sensitive account details out of unsecured messages.
5. Builder details. For a McKinney new-construction offer, capture the base price, options, earnest money, lender or title conditions, incentive expiration, and estimated completion. The headline credit is only one part of the comparison.

New construction: compare more than the incentive.

Along US 75, buyers often compare a builder's package against an established-home purchase in the same week. Put the entire offer side by side before comparing financing paths — conventional, FHA, VA, or a first-time buyer program.

• Sales contract. Price, upgrades, earnest money, option terms, and completion estimate — confirm financing deadlines in writing.
• Incentive conditions. Who must provide financing or title services, and when it expires.
• Closing picture. Estimated cash needs, documented funds, credits, and timing changes between contract and keys.
• Plan B. What happens if construction moves, a lock expires, or your funds change.

Local note: Growth is concentrated along US 75 — the Long Branch mixed-use development at US 75 and the future 380 bypass, a concert amphitheater headed for the 2026 season, and a surf-lagoon park on the horizon. Check current road and construction timelines alongside your financing plan.

A plain-English document checklist.

• Pay stubs — recent records showing employer, pay period, and year-to-date income.
• W-2s or 1099s — recent annual income records that match how you are paid.
• Bank statements — recent complete statements for the funds you plan to use; keep every page.
• Government-issued ID — a current photo ID; share sensitive documents only through an approved secure channel.

McKinney mortgage questions, answered directly.

How should I compare new construction with a resale home in McKinney, TX?

Compare the full financing picture — price, incentive, lender and title conditions, closing costs, property details, timeline, and rate-lock timing — not just the advertised incentive. McKinney is one of the few corridor towns where the resale side includes genuine historic homes — with repair, appraisal, and insurance considerations new builds don't. Tony can help organize the questions for your scenario. This page does not quote rates or recommend one property over another.

What documents may a self-employed buyer need for a McKinney mortgage prequal?

Start with identification, recent personal and business tax returns when applicable, year-to-date profit-and-loss information, recent business and personal bank statements, and 1099s or other income records. The exact request depends on the loan program, business structure, ownership percentage, and income pattern. In McKinney, name the property path early — the documentation questions differ for a new build versus a historic resale.

What is the difference between a prequal and a preapproval for a McKinney home purchase?

A prequal is an early conversation based on the information you provide. A preapproval generally includes a more complete review of income, assets, credit, and supporting documents. Neither is a final loan approval or a commitment to lend; final approval depends on underwriting, the property, and program requirements.

A named advisor. A clear line of contact.

Tony Botchev · Mortgage Loan Originator — serving McKinney, TX buyers. Call or text +1-945-300-4002, or email info@dfwhome.loans.

NMLS #114198 · Sponsored by The Loan Factory · NMLS #320841 · Office: 3333 Preston Rd Ste 300 #1570, Frisco TX 75034 · Equal Housing Opportunity