At what age can an individual legally enter into a mortgage loan contract?

An individual must be at least 18 years old to legally enter into a mortgage loan contract. This age requirement aligns with the general legal age of majority in most states, including Texas, meaning that individuals who are 18 or older are recognized as adults and possess the legal capacity to enter into binding contracts, including mortgage agreements.

Younger individuals, such as those under 18, are typically considered minors and may not have the legal authority to engage in contracts without parental or guardian consent. This restriction is in place to protect minors from entering into potentially complex and long-term financial obligations without fully understanding the consequences. Other age thresholds, such as being at least 21 or 16, do not apply to mortgage contracts under Texas law.