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 population in 2010 was 38,521. It is also one of two principal cities in the Sherman-Denison Metropolitan Statistical Area.It is also a part of the Texoma region.n 1901 the first electric  Interurban  railway in Texas, the Denison and Sherman Railway, was completed between Sherman and Denison, Texas. The Texas Traction Company completed a 65-mile (105 km) interurban between Sherman and Dallas, Texas in 1908 and it purchased the Denison and Sherman Railway in 1911.