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Discover answers to the questions we most frequently hear about Texas property taxes below. If you find that we haven’t addressed your concern already, just give us a call — we’re happy to answer all of your questions and provide you with the property tax help you require.
We are committed to providing you with the utmost in professional and courteous service — as well as the lowest rates in the industry, backed by our Lowest Price Guarantee.
Yes. Once your property taxes become delinquent, your taxing authority will place a lien on your property. In order to secure your tax loan, we will require a transfer of the taxing authority’s lien and will file a new deed of trust on your property.
Yes. Each year, the tax authority in the state of Texas automatically imposes a tax lien on unpaid property taxes, and the court system has the power to enforce a foreclosure on your property. If you let your Texas property taxes go unpaid, you are likely to lose your home to foreclosure in the State of Texas.
As soon as your taxes are delinquent (February 1st), the taxing authority will charge 7% in interest and penalties. In most counties, the rate increases 2% per month until July 1st, when the taxing authority charges a collection fee of 20%.
Therefore, Texas property taxes delinquent on July 1st will have incurred 38% in interest, penalties, and fees — and the rate increases each month, resulting in charges of up to 44% just in the first year of delinquency!
The following chart summarizes typical county charges:
Maybe. It is possible, which is why we encourage you to contact them to see if a payment plan is available.
Maybe. If you own a homestead property or if you’re in the military, over 65 years old or disabled, you may be eligible for an exemption. We suggest that you contact your local tax authority directly to see if you qualify.
Yes. We will gladly add your new Texas property taxes to your existing loan with us, so you can make one convenient monthly payment.
Maybe. Provided your current lender is willing to sign a Transfer of Tax Lien for your current loan balance, we can loan you money to pay off a tax lender you’ve previously used, as well as include sufficient funds to payoff the current year’s tax bill.
No. You may apply for a loan prior to January 31st for the current year’s property taxes.
No. We specialize in property tax loans only.
Yes. Federal Laws provide you with a 3-day period in which you can cancel your loan if your Texas property is a homestead property. After 3 days, your taxes are paid and your monthly payments begin.
Yes. As long as the property is maintained and has an appraised value of at least $80,000.
Maybe. A prior bankruptcy is usually not a problem, but a pending bankruptcy may prevent your loan from being approved. Poor credit histories do not prevent loan approvals.
We ask that you have the following available for your loan application:
-Driver License or Government Issued ID
-Social Security Number
-Insurance Company Information
We do not charge an application fee.
We will close your loan within 2 days of receipt of your complete application. Due to legal requirements in the State of Texas regarding property taxes, we must wait 3 days from your closing to pay your taxes. Your Texas property taxes will be paid as soon as possible to avoid any additional fees.
Most loans with us are repaid within 3–15 years and are set up with monthly payments.
Our current rates vary and depend on loan terms, loan amount and property type. Call us for an exact quote.
First, select the day on which you would like your payment to be withdrawn. From there, we handle the rest with your ACH agreement, which authorizes a direct debit from your checking account so you don’t have to worry about checks or mailing services.
No. All borrowers must have a valid ACH agreement in place so that we may process your loan payment more efficiently.
It is possible that a foreclosure could be initiated if your loan is delinquent, but it is not our intention to seize your property. We will work with you if it is possible to restructure your loan to avoid foreclosure. By Texas law, foreclosure proceedings can be started in order to collect the outstanding debt.
Yes. You may prepay your loan at any time with no pre-payment penalties, but this applies to residential loans only.
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