Texas Family Guarantee Financing and you will Blocked Even more Equity Area Two: Virtual assistant Guaranties and you will FHA Financial Insurance rates Point fifty(a)(6)(H) from Blog post XVI of your own Tx Composition forbids a home security mortgage out of being secured by the any additional genuine otherwise individual property except that the newest borrower’s homestead. Eg property is known as prohibited even more collateral. Inside our memo, we managed how Texas’ prohibition to your extra equity suppress a single who isn’t a manager and/or spouse out of a proprietor out-of signing new note into a property security financing. Just like the promises to pay off by including low-residents are considered sureties otherwise guaranties, they are both experienced a lot more guarantee and you may blocked around Section fifty(a)(6)(H).