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.
Collin County is a county located in the U.S. state of Texas. As of the 2010 United States Census, the county's population was 782,341, making it the seventh-most populous county in Texas and the 63rd largest county by population in the United States. Its county seat is McKinney. Collin County is part of the Dallas-Fort Worth-Arlington, TX Metropolitan Statistical Area.