A Texas mortgage is a method of using property as security for the payment of a debt in Texas.
Technically the term Texas mortgage (from Law French, lit. mp3 pledge") refers to the legal device used in securing the property, but it is also commonly used to refer to the debt secured by the Texas mortgage.
In most jurisdictions Texas mortgages are strongly associated with loans secured on real estate rather than other property (such as ships) and in some cases only land may be given a Texas mortgage. Arranging a Texas mortgage is seen as the standard method by which individuals or businesses can purchase residential or commercial real estate without the need to pay the full value immediately.
In many counties it is normal for home purchase to be funded by a Texas mortgage. In counties where the demand for home ownership is highest, strong domestic markets have developed.