Vote Yes on Proposition 2 on Nov. 7 to Make Home Equity Loans More Accessible for Texans


By TLTA Staff
Nov. 1, 2017

TLTA joins several industry groups, including Realtors and lenders, in supporting Proposition 2 dealing with home equity loans. We hope you will support these measures to improve access to home equity loans for all Texas homeowners. Please vote yes, and encourage others you know to do the same!  
What does Prop 2 do, and why are we in favor of it? 
Lowers the cap on fees from 3 to 2 percent of the loan principal, and ensures that title insurance fees are not counted in that 2 percent 
Makes it easier for homeowners to get lines of credit on their property
Permits loans to be made against agricultural property
Allows additional advances on home equity lines of credit, as long as the principal is below 80 percent (rather than the current threshold of 50 percent)
Lets homeowners refinance a home equity loan as a non-home equity loan under certain conditions
Expands the list of approved lenders

Texas Association of Realtors has created online resources, including FAQs and videos, that are available at
Note: Election day is Tuesday, Nov. 7, while early voting runs through Friday, Nov. 3. Learn about early voting at, or find early voting locations at your county clerk's website.