How Do I Get a Property Tax Loan in Texas?

With the already high and rapidly increasing property taxes in the state of Texas, many homeowners find themselves struggling to cover the costs of their annual property tax bills out of pocket. In order to fit the price of property taxes into their budgets, numerous Texas homeowners have turned to property tax lenders. Unfortunately, less-than-reputable lenders have given property tax loans a bad reputation. In this blog, we’ll walk through how to get a property tax loan from a reputable lender, so you can feel confident that you’re making the right decision. 

Finding a Reputable Property Tax Lender 

In most cases, it’s pretty clear if a property tax lending business isn’t reputable. If a deal sounds too good to be true, it probably is. We strongly recommend working with a licensed lender   (otherwise our regulator, the Office of the Consumer Credit Commissioner in Austin, or your taxing jurisdiction more than likely will reverse your transaction and additional interest and penalties will be assessed). Look for a licensed lender who has good reviews and testimonials from their clients as well as a company doesn’t have negative remarks or complaints from the Better Business Bureau.

Applying for a Property Tax Loan 

Applying for a property tax loan should not be an overly complicated or lengthy process. To get started, you should only need to provide some basic information about the home, homeowner, and the property taxes you owe. After you apply, the property tax lender should let you know whether or not you’re approved within 12 to 36 hours, depending on if there are any ownership or title issues. Most firms do not require an appraisal or credit check. If you need help applying for a property tax loan, most lenders offer simple online forms and are happy to work with clients who need help during the application process.

Closing the Loan and Making Payments

Once you receive approval on your home tax loan application, you’ll sign the loan agreement with your property tax lender, which finalizes all the details.  In most cases, a mobile notary will come to your home, office or wherever else is convenient for you to sign the documents. These include the loan terms, interest rates, installment payment amount, and other information. After you close on the property tax loan, the lender will pay your property tax bill. Then, you’ll make payments as planned until the end of your loan term.

Ready to Work with the Home Tax Solutions Team? 

Whether you’re already struggling to cover the mounting costs of delinquent property taxes or worried you won’t be able to cover your upcoming bill this October, the Home Tax Solutions team is here to help. We pride ourselves on being one of the most reputable home tax loan providers in the state of Texas. We have received numerous awards and recognition for our work in the industry, and we strive to do better year after year. Our knowledgeable and trustworthy team members are here to help if you have questions or you’re ready to get started with your property tax loan. Don’t hesitate to reach out to us, and we’ll be happy to walk you through the whole process. From our office locations in Austin, McAllen, Houston, San Antonio, and Dallas-Fort Worth, we’re happy to provide property tax loan services for all 254 counties in Texas. Please don’t hesitate to call one of our offices or complete our simple online request form to get started working with us. We look forward to hearing from you soon.