Highland Homes Communities & Current Incentives (Sherman, Denison & Van Alstyne, TX)

Highland Homes is currently building new construction in five communities across our Grayson County, TX coverage area — Sherman, Denison, and Van Alstyne. This dossier rounds up every one of those communities in one place — pricing, lot sizes, amenities, schools — plus the builder's current mortgage-rate incentive, so you can compare all of Highland Homes' Texoma-area options at a glance before you ever visit a model home.

Who Is Highland Homes?

Highland Homes is a Texas-based homebuilder headquartered in Plano, founded in 1985 and built almost entirely within the state — the company builds only in the Dallas-Fort Worth, Houston, Austin, and San Antonio markets and has never expanded outside Texas. It has been employee-owned since 2015, when its founders converted the company to an ESOP rather than selling to an outside buyer, and it has ranked among the nation's top 30 homebuilders every year since 2008, with tens of thousands of homes delivered over its history. For Texoma-area buyers, that track record means these communities are being built by an established, large-volume Texas builder rather than a small or unfamiliar outfit — worth knowing when evaluating warranty support and long-term community build-out.

Current Highland Homes Incentives

Disclaimer: the incentive detailed below was current as of September 17, 2026 — the date this article was published. Builder promotions, rates, and terms change frequently and can end or change without notice. Always confirm the current offer directly with Highland Homes or Highland HomeLoans before you factor it into your budget.

As of publication, Highland Homes is advertising a temporary mortgage rate buydown across its Texoma-area communities: 3.75% fixed in year one (7.536% APR*), stepping up to 4.75% in year two, 5.75% in year three, and 6.75% fixed for the remainder of a 30-year conventional or government loan. Highland Homes has advertised this offer as available on qualifying homes from August 14 – September 18, 2026, and buyers must finance with Highland HomeLoans to qualify and close by December 31, 2026. Because this window is close to ending, ask your sales counselor whether it has been extended or replaced by a new promotion before you rely on it.

Do not treat the rate figures above as a current, guaranteed offer by the time you're reading this. Confirm the exact current rate, buydown length, any fees, and whether Highland Homes' preferred lender is required, directly with Highland Homes or its lender before you factor an incentive into your budget.

Highland Homes Communities in Our Coverage Area

Here is every community Highland Homes is currently building in the Sherman-Denison-Van Alstyne area, from closest to Lake Texoma to farthest.

Heritage Ranch — Sherman, TX

Heritage Ranch is a new-construction, master-planned community in Sherman, TX where Highland Homes is building single-family homes on a roughly 440-acre site at the corner of FM 1417 and US-82, less than a mile west of US-75 — putting buyers minutes from Sherman's busiest retail corridor and within easy reach of the broader Lake Texoma region. Highland Homes is building on 40-foot and 50-foot lot sections within the larger Heritage Ranch development (also home to K. Hovnanian Homes), which is expected to include roughly 750 homes at full build-out.

Pricing: 40-foot lots from the $290s (7 floor plans); 50-foot lots from the $320s (12 floor plans, 1 model home). Homes range from roughly 1,530 to 2,988 square feet.
Amenities: parks, ponds, walking trails, and a planned amenity center with pool and pickleball/sport courts shown in the developer's renderings.
Schools: Sherman ISD, including the new on-site Neblett Elementary, which opened for the 2025-26 school year.

Canyon Creek Estates — Sherman, TX

Canyon Creek Estates sits on oversized lots at 2711 Fawnwood Court in Sherman, with easy access to Lake Texoma's lakeside activities and to Pecan Grove West Park (playgrounds, disc golf, basketball, baseball fields, and fishing at Dean Gilbert Lake). Highland Homes has confirmed this community has no HOA, MUD, or PID — a meaningful cost difference from many newer master-planned communities.

Pricing: starting from the $560s across 11 floor plans ranging from roughly 2,602 to 3,810 square feet, all one- and two-story plans with 3-5 bedrooms.
Schools: S&S Consolidated ISD.

Gateway Village – The Reserve — Denison, TX

Gateway Village is a heavily treed master-planned community with greenbelt lots and flowing creeks in Denison, TX, just off US-75 and FM 691. The Reserve section is close to Lake Texoma and Loy Lake, and the nearby Regional Health Park offers a playground, splash pad, and sports courts and fields. Homes here are zoned to top-rated Denison ISD.

Pricing: 40-foot lots from the $370s; 50-foot lots from the $400s. Homes range from roughly 1,618 to 2,280 square feet.
Schools: Denison ISD (Hyde Park Elementary, B. McDaniel Intermediate, Henry Scott Middle, Denison High).

Mantua Point — Van Alstyne, TX

Just ten miles north of McKinney, Mantua Point is a 2,000-acre master-planned community in Van Alstyne with 380 acres of open space, 274 acres of lakes and creeks, and 25 miles of hiking and biking trails. Resort-style amenities include a pool, splash pad, and amenity center, all within award-winning Van Alstyne ISD. Mantua Point sits at the southern edge of our coverage area, closer to McKinney than to Sherman, so factor in the longer commute if you work or shop primarily around Texoma.

Pricing: 40-foot lots from the $350s (11 plans); 55-foot lots from the $430s (24 plans); 75-foot lots from the $600s (23 plans).
Amenities: amenity center, lakes, resort-style pool, splash pad, miles of hike-and-bike trails.
Schools: Van Alstyne ISD.

Thompson Farms — Van Alstyne, TX

Thompson Farms brings small-town charm to Van Alstyne, with a private pool and cabana and neighborhood green spaces woven into the master plan. It's conveniently located off US-75 and FM 121, giving residents easy access to shopping and dining in Frisco, McKinney, Plano, and Sherman.

Pricing: 50-foot lots from the $390s (17 plans); 60-foot lots from the $510s (17 plans, 1 model home).
Amenities: pool, cabana, park, hike-and-bike trails, acres of open green space.
Schools: Van Alstyne ISD.

Sherman's Growth Is Driving New-Construction Demand

Sherman, TX has seen substantial economic momentum in recent years, anchored by major semiconductor and advanced-manufacturing investment that has drawn new jobs and residents to the area — a trend we cover in more depth in Sherman, Texas: The Silicon Valley of North Texas. That kind of job growth is a major reason a national builder like Highland Homes is investing in five separate master-planned communities across our coverage area rather than a single, smaller subdivision. As Sherman and Grayson County, TX continue adding employers, new-construction inventory in communities like these tends to move faster and reprice more often than in established resale neighborhoods.

Which Highland Homes Community Is Right for You?

Heritage Ranch and Canyon Creek Estates put you closest to Sherman's Town Center retail corridor and are the best fit for buyers who want the shortest commute into Sherman's job base. Gateway Village - The Reserve in Denison is the pick for buyers who want to be closest to Lake Texoma and Loy Lake, with top-rated Denison ISD schools. Mantua Point and Thompson Farms in Van Alstyne sit at the southern edge of our coverage area, closer to McKinney and Frisco, and suit buyers who want resort-style amenities and don't mind a longer drive back toward the lake. Because pricing, incentives, and available sections change quickly across all five communities, the most useful next step is a firsthand visit or a call with a local buyer's agent who can walk the current price sheets, lot maps, and incentive terms with you before you commit.

Frequently Asked Questions

What Highland Homes communities are in the Sherman-Denison-Van Alstyne area?

As of this writing, Highland Homes is building in five communities across our coverage area: Heritage Ranch and Canyon Creek Estates in Sherman, TX; Gateway Village – The Reserve in Denison, TX; and Mantua Point and Thompson Farms in Van Alstyne, TX. Availability changes as sections sell out, so confirm current communities directly with Highland Homes.

What incentives is Highland Homes currently offering?

As of September 17, 2026 (when this article was published), Highland Homes was advertising a mortgage rate buydown starting at 3.75% in year one and stepping up to 6.75% by year four of a 30-year loan, available on qualifying homes financed through Highland HomeLoans from August 14 through September 18, 2026, with closing required by December 31, 2026. Builder incentives change frequently and this window may have already ended — always confirm the current offer directly with Highland Homes.

Which Highland Homes community is closest to Lake Texoma?

Gateway Village – The Reserve in Denison is the closest to Lake Texoma and Loy Lake among Highland Homes' current communities, followed by Heritage Ranch and Canyon Creek Estates in Sherman. Mantua Point and Thompson Farms in Van Alstyne sit farther south, closer to McKinney.

How much do Highland Homes cost in Sherman, Denison, and Van Alstyne?

Starting prices span roughly the high $200,000s to the $700,000s depending on community and lot size: Heritage Ranch starts in the $290s, Canyon Creek Estates in the $560s, Gateway Village - The Reserve in the $370s, Mantua Point in the $350s, and Thompson Farms in the $390s. These figures change as communities sell out phases, so confirm current pricing with the builder.

Why are builders like Highland Homes investing in new construction in Grayson County, TX?

Sherman has attracted significant job growth from semiconductor and advanced-manufacturing investment in recent years, which has increased housing demand across Grayson County. That growth is a key reason a national builder like Highland Homes is developing five separate master-planned communities in our coverage area rather than a single, smaller subdivision.

How do I get current pricing and see available homes?

Because pricing, lot availability, and incentives shift quickly in active new-construction communities, the fastest way to get accurate, current information is to contact a local buyer's agent who can pull the builder's current price sheets and walk current inventory with you. See the listings above for currently available Highland Homes properties in our coverage area, or use the contact form below to reach Brian & Jonelle directly.