I’m based in Celina and serve homeowners across all of Collin and Denton counties. North Texas is one of the fastest-appreciating real estate markets in the country — and that creates unique reverse mortgage opportunities (and considerations) that you won’t read about on a national website. Here’s what you need to know locally.
Why North Texas Is Unique for Reverse Mortgages
Homeowners in the Frisco–McKinney–Plano corridor have seen extraordinary appreciation over the past decade. A home purchased in 2012 in Frisco for $280,000 may now be worth $650,000 or more. That equity accumulation is precisely the asset a reverse mortgage is designed to access — without selling the home and without a monthly payment.
At the same time, many long-term North Texas homeowners are on fixed incomes while their property tax bills have grown substantially alongside their home values. A reverse mortgage can directly address both sides of that equation.
Home Values in Key North Texas Markets
Understanding your home’s value relative to the 2026 HECM lending limit ($1,249,125) determines which reverse mortgage product is available to you.
~$650K–$900K+
Typical range, 2026
Most homes fall within HECM limits. Luxury communities near The Star or Shaddock Park may exceed $1.25M and qualify for jumbo reverse products.
~$500K–$750K
Typical range, 2026
Strong appreciation, especially in Stonebridge Ranch and Craig Ranch. Most homeowners have significant usable equity within HECM limits.
~$500K–$700K
Typical range, 2026
Established neighborhoods near Legacy, Willow Bend, and West Plano have long-term owners with substantial accumulated equity — ideal HECM candidates.
~$450K–$650K
Typical range, 2026
Solid appreciation since 2015. Allen has a growing 62+ population that has lived in the area since the early build-out years and holds substantial equity.
~$500K–$800K
Typical range, 2026
Rapid growth communities with many newer construction homes. Long-term landowners may have outsized equity positions.
~$400K–$550K
Typical range, 2026
Established neighborhoods with long-term homeowners who are often strong HECM candidates with high equity-to-value ratios.
When Home Value Exceeds the HECM Limit: Jumbo Reverse Mortgages
If your home is appraised above $1,249,125 — which applies to a meaningful portion of homes in Frisco, Prosper, and West Plano — the standard HECM program caps your eligible value at that limit. You won’t be penalized for having a more valuable home, but you won’t get credit for the excess under the standard program either.
Jumbo reverse mortgages (also called proprietary reverse mortgages) are privately backed programs that allow loan amounts up to $4 million on homes above the FHA limit. These carry slightly higher interest rates and are not FHA-insured, but they provide access to significantly more equity for higher-value properties.
The Property Tax Consideration
One of a reverse mortgage borrower’s ongoing obligations is to keep property taxes current. In North Texas — where Collin County has some of the highest property tax rates in the state — this is a meaningful obligation to plan for.
Here’s what many North Texas seniors don’t realize: if you are 65 or older, you may be eligible for a school district property tax freeze through the Collin County Appraisal District. This caps the school tax portion of your bill at the amount you paid in the year you turned 65 — regardless of future home value increases. This freeze dramatically reduces the ongoing tax burden that reverse mortgage borrowers must maintain.
Ask your loan officer to walk through the tax and insurance obligations specific to your property before proceeding with any reverse mortgage application.
Local Resources in North Texas
Financial education programming and community events for residents 55+. Located at 8780 N. Dallas Pkwy. An excellent venue for a reverse mortgage Q&A session.
Financial wellness programming and educational events. Located at 401 W. 16th Street, Plano. Well-established senior services infrastructure.
For property tax exemptions, the Over-65 exemption, and school district tax freeze applications. Visit collinappraisaldistrict.org or call (469) 742-9200. File for available exemptions before or alongside any reverse mortgage planning.
Required for all reverse mortgage applicants in Texas. Call to find a HUD-approved counselor serving your specific city. Sessions are available by phone for all North Texas residents.
Serving Collin and Denton County: Your Local Loan Officer
I’m based in Celina and have worked with homeowners across this corridor for over two decades. The North Texas market has its own dynamics — the appreciation curves, the tax structure, the communities that have aged in place since the 1990s build-out — and those nuances matter when you’re making a decision as significant as a reverse mortgage.
I’m not a call center. When you call 945-300-4644, you reach me directly.
Frequently Asked Questions
Do high home values in Frisco and McKinney affect how much I can borrow with a reverse mortgage?
Yes. Most homes in the Frisco–McKinney–Plano corridor fall within the 2026 HECM lending limit of $1,249,125. Homes appraised above that threshold can access jumbo reverse mortgage programs with loan amounts up to $4 million through select private lenders.
Are there senior centers in Frisco or Plano that offer reverse mortgage information?
Both the Frisco Senior Center and the Plano Senior Center offer financial education programming. The City of McKinney also has senior programs through its Parks and Recreation department. I’m available to present at any of these venues — call me at 945-300-4644.
Can I get a reverse mortgage on a new construction home in Frisco or Celina?
Yes, subject to FHA property eligibility. The home must be your primary residence and pass an FHA appraisal. A HECM for Purchase is also available — allowing you to buy a new North Texas home using reverse mortgage proceeds without a monthly payment.
What is the property tax situation for reverse mortgage borrowers in Collin County?
Homeowners 65+ are eligible for a school district property tax freeze through the Collin County Appraisal District — locking your school tax bill at the amount paid in the year you turned 65. This significantly reduces the ongoing tax obligation that reverse mortgage borrowers must maintain.
North Texas Homeowner? Let’s Talk.
I serve Frisco, McKinney, Plano, Allen, Celina, Prosper, The Colony, and the surrounding area. Call me directly — no hold music, no call centers.
Senior Vice President of Mortgage Solutions at Homewood Mortgage LLC (NMLS #294974). Based in Celina, TX. 27-year mortgage veteran serving Collin, Denton, and Dallas counties.
📞 945-300-4644 | wayne-wallace.com
Home value estimates are approximate ranges based on market data and do not represent appraisals or guarantees. This content is for informational purposes only and does not constitute financial, legal, or tax advice. Reverse mortgage products are subject to change. All borrowers should consult with a HUD-approved housing counselor and their own financial and legal advisors before proceeding. Wayne Wallace is a licensed Mortgage Loan Originator (NMLS #745186). Homewood Mortgage LLC, NMLS #294974. Equal Housing Lender.