Senate Joint Resolution No. 79 proposes an amendment to the Texas Constitution aimed at increasing the amount of debt that can be secured by a homestead for refinancing purposes, including loans backed by the U.S. Department of Veterans Affairs. The resolution seeks to amend existing sections of the Texas Constitution that protect homesteads from forced sales due to debt, allowing homeowners to secure a higher principal amount of debt, provided it does not exceed 80% of the homestead's fair market value or the full market value for refinancing or VA-guaranteed loans.

The resolution also emphasizes consumer protections for borrowers, including requirements for clear disclosures, written agreements, and a voluntary loan creation process with the consent of all homeowners and their spouses. It establishes safeguards such as the ability to prepay loans without penalties, court order requirements for foreclosure, and limits on fees and charges. Additionally, the proposed amendment will be presented for voter approval in the November 4, 2025 election, with the goal of enhancing financial flexibility for homeowners while ensuring their rights are protected under the Texas Constitution.