We’re tackling your top 5 questions about Texas Home Equity Loans.  Here’s #4:

4.  Can a Texas Home Equity loan close in a trust?

Yes. The Texas Property Code allows homestead to be vested in a “qualifying trust” as defined by TX Property Code Section 41.0021. Both Fannie Mae and Freddie Mac will purchase a 50 (a) (6) loan closed in a “qualifying trust” if the trust also meets their own guidelines. For other investors, check their guidelines.