FHA loans are available to any home buyer who intends to occupy the property but are used most often by first-time homebuyers and low- to moderate-income buyers. However, there are no income limit qualifications. Even a millionaire can take out an FHA loan, subject to loan amount caps based on locale.
Though both Sherman County and Sherman, Texas, are named for the same person, the city of Sherman is located in Grayson County, approximately 430 miles to the southeast.
Sherman is a city in and the county seat of Grayson County, Texas, United States. The city's estimated population as of 2009 was 38,407. It is also one of two principal cities in the Sherman-Denison Metropolitan Statistical Area.