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1. Why are property taxes so high in North Texas? This is usually the first shock for buyers relocating here. Texas has no state income tax, so local governments rely heavily on property taxes to fund: • Schools • Infrastructure • Public services. Typical effective tax rates: • Dallas County: ~2.67% • Collin County: ~2.44% • Denton County: ~2.38% • Rockwall County: ~2.39%. What this means: A small difference in tax rate can impact your monthly payment by hundreds of dollars. 2. Is North Texas too expensive for first-time buyers? Prices have risen — no question. But the idea that “you can’t afford anything” isn’t accurate. There are still strong entry-level markets, including: • Sherman • Denison • Wylie • Princeton • Little Elm • Forney • Anna • Mesquite • Haltom City • Saginaw. Reality: First-time buyers are still winning in 2026 — but strategy matters more than ever. 3. How much house can I afford? In Texas, this question is often misunderstood. Because of: • Higher property taxes • Insurance costs • HOA/MUD/PID fees. Purchase price ≠ monthly payment. General rule: Keep your total housing payment at 30–33% of gross income. But a local lender can dial this in based on specific cities, not generic calculators.

4. What suburbs are best for affordability? North Texas gives you two very different paths: Higher appreciation (North of Dallas): • Prosper • McKinney • Frisco • Aubrey • Celina. More budget-friendly (East/Southeast): • Forney • Wylie • Rowlett • Rockwall • Sachse. Key insight: Where you buy impacts not just price — but future equity growth. 5. Is renting still cheaper than buying? Short-term? Sometimes. Long-term? Rarely. With rents rising 6–10% annually, buying typically wins if you plan to stay 3+ years. Translation: Renting feels cheaper today. Buying is usually cheaper over time. 6. Why is my monthly payment higher than expected? Because Texas stacks multiple costs into your payment: • Property taxes • Homeowners insurance • MUD/PID taxes (in some areas) • HOA dues • Mortgage insurance (if under 20% down). This is where buyers get burned if they rely on online estimates. A good lender shows you the real number upfront.

7. Should I buy now or wait? This is the question everyone asks. Here’s the reality in North Texas: • Prices rarely drop • They either rise — or rise slower. 2026 trend: DFW home prices are up ~4.8% year-over-year. Bottom line: Waiting usually costs more than acting sooner. 8. How competitive is the market right now? It depends on price point: • Under $450K → Competitive • $500K–$800K → Moderate • $800K+ → Balanced. New construction has helped ease pressure, but well-priced homes still move quickly. 9. Pre-qualification vs. pre-approval — what actually matters? This is a major misunderstanding. • Pre-qualification = rough estimate • Pre-approval = verified numbers • TBD underwrite = strongest position (seller preferred). In this market: Stronger approvals = stronger offers. 10. What down payment programs are available? There are more options than most buyers realize: • FHA (low down payment, flexible credit) • Conventional (as low as 3% down) • TSAHC & TDHCA (Texas assistance programs) • VA (0% down for eligible buyers) • USDA (0% down in qualifying rural/suburban areas). Right program = thousands saved upfront and monthly.

Final Thought: North Texas is still one of the strongest housing markets in the country — but it’s not a “figure it out as you go” market anymore. The buyers who win in 2026 are the ones who: • Understand true costs • Pick the right location • Structure their financing correctly from the start.