Home
Forms Library
Promissory note secured by real property

Texas Installments Fixed Rate Promissory Note Secured by Residential Real Estate - Texas 2026

promissory note secured by real property Preview on Page 1

See details

4.4 out of 5

35 votes

The document is a Texas Fixed Rate Note outlining the borrower's promise to repay a loan with fixed installment payments. It details the terms of the loan, including principal amount, interest rate, payment schedule, prepayment rights, late charges for overdue payments, and consequences of default. The note is secured by a mortgage or similar security instrument, ensuring protection for the lender in case of non-compliance by the borrower.

Here's how it works

01. Edit your promissory note secured by real property online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send texas promissory note secured by real estate via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out Texas Installments Fixed Rate Promissory Note Secured by Residential Real Estate - Texas with our platform

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Click ‘Get Form’ to open the Texas Installments Fixed Rate Promissory Note in the editor.
Begin by entering the date and city at the top of the form. This establishes when and where the agreement is made.
In Section 1, fill in your name as the borrower and specify the loan amount under 'principal'. Also, include the lender's name.
Proceed to Section 2 to indicate the interest rate you will be paying annually. Ensure this aligns with your agreement with the lender.
In Section 3, detail your payment schedule. Specify the day of each month for payments and start date, along with your monthly payment amount.
Review Sections 4 through 10 carefully, filling in any necessary information regarding prepayment rights, loan charges, and obligations.
Finally, ensure all signatures are completed at the end of the document before saving or sharing it for finalization.

Start using our platform today to easily complete your Texas Installments Fixed Rate Promissory Note for free!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Is a promissory note legal in Texas?

The original promissory note is a legally binding document that serves as clear evidence of the borrowers obligation to repay a loan. It details the amount borrowed, the interest rate, and the repayment schedule, among other conditions. The borrowers signature on this document is very important.

What is a promissory note secured by a deed of trust in Texas?

The Promissory Note is the promise to pay for the property. The Deed of Trust puts a lien on the property to secure the promise. The Warranty Deed transfers the property to the Buyer.

What is the maximum interest rate for a promissory note in Texas?

Article 16, Section 11 of the Texas Constitution states that in the absence of other legislation, contracts for an interest rate higher than 10% per year shall be deemed usurious. This section also states that in contracts where no rate of interest is agreed upon, the rate shall not exceed 6% per year.

Is a promissory note legally binding in Texas?

Because promissory notes are enforceable contracts under Texas law, a bdocHub, such as missed payments or complete non-payment, can lead to legal action.

What is a secured promissory note?

A secured promissory note is an agreement where the borrower puts something of value up as collateral to safeguard the value of the loan. In the event the borrower is unable to make payments and defaults on the loan, a secured promissory note empowers the lender to take possession of the collateral in lieu of payment.

Security and compliance

At DocHub, your data security is our priority. We follow HIPAA, SOC2, GDPR, and other standards, so you can work on your documents with confidence.

Learn more

What if a promissory note is not paid?

If timely payment is not made by the borrower, the note holder can file an action to recover payment. Depending upon the amount owed and/or specified in the note, a summons and complaint may be filed with the court or a motion in lieu of complaint may be filed for an expedited judgment.

How enforceable is a promissory note?

Promissory notes are a valuable legal tool that any individual can use to legally bind another individual to an agreement for purchasing goods or borrowing money. A well-executed promissory note has the full effect of law behind it and is legally binding on both parties.

Whats the difference between a mortgage and a promissory note?

Key Differences Between a Promissory Note and a Mortgage A promissory note is used to document the borrowers legal obligation to repay the loan. In contrast, a mortgage is used to document the lenders claim against the property until the loan is repaid in full plus interest.

Texas Installments Fixed Rate Promissory Note Secured by Residential Real Estate - Texas 2026

Here's how it works