How Do Texas Property Tax Loans Work?

​If your annual property tax bills always leave you feeling shocked and struggling to cover the payment, you’re not alone. In the state of Texas, high property tax rates are the norm, and many families find themselves struggling to cover these costs each year. A property tax loan seems like a good way to cover property tax costs, but many people are worried about what the property tax loan process entails. We’ll go over how Texas property tax loans work and help you prepare for what to expect from the lending process.

Step 1 – Find a Property Tax Loan Provider
Some people have heard horror stories about lending schemes, causing them to worry that lenders are going to take advantage of them. It’s very important to find a reputable lender that you can trust to provide a property tax loan. At Home Tax Solutions, you can trust our team with over 134 years of combined property tax lending experience to offer affordable property tax loans with reasonable interest rates and loan terms and help you with a path over a rough patch.

Step 2 – Apply for a Loan
Contact one of our licensed loan officers at 800-688-7306, who will be happy to help you complete the application process over the phone, and we even have quick and easy online forms on our website www.hometaxsolutions.com. Typically, applications only require basic information about the home, the homeowner, and the amount of property taxes owed.
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​Step 3 – Wait for Loan Approval
After you apply, you’ll likely receive approval while you are on the phone or within a couple of hours. Since we don’t perform credit checks, we will simply verify all of your application details prior to approving you for the loan.

Step 4 – Close on the Loan
Once you’re approved for the property tax loan, your Home Tax Solutions loan specialist will go over all the details with you, including interest rates, deferment options, payment amounts, and your loan terms. Once you’ve finalized all the details, you’ll sign the paperwork to close on the loan. This simply means you sign the legal documents stating that you agree to the terms set for you to repay your property tax loan. Once you close on the loan, your lender will pay off your outstanding balance directly to your tax assessor.

​Step 5 – Make Payments
Once you’ve signed to close the loan, you simply make the predetermined payments as outlined by your loan agreement. While some property tax loan providers penalize their clients for paying loans off more quickly, you’ll never receive a pre-payment penalty from our team. 

​Ready to Get Started with Home Tax Solutions? 

If you’re interested in working with Home Tax Solutions for a property tax loan, our team would love to hear from you. We offer affordable, convenient property tax loan options to help you fit the cost of your annual property tax bill into your budget. You can get started online whenever you’re ready. Complete our property tax loan request form or call us at 800-688-7306, and one of our loan officers will be in touch soon to finalize the details of your home tax loan.

5 Reasons to Get a Property Tax Loan

If you’re considering a property tax loan to cover your annual bill, the Home Tax Solutions team is here to answer your questions and talk to you about your options. Not sure that a property tax loan is right for you? Read this to review our top five reasons to get a property tax loan, and don’t hesitate to get in touch with the knowledgeable team members in one of our five office locations across the state of Texas to learn more.

1. Texas Property Taxes are on the Rise

Over the last 20 years, Texas property taxes have risen exponentially. Research indicates that annual property tax rates have increased 205% in two decades, and Texas has the 15th highest property taxes in the U.S. With home tax rates increasing as much as 3 times as fast as income, it’s no wonder many Texas homeowners are struggling to cover the cost of their annual property tax bill.

​Knowledgeable professionals predict that home tax rates in the state of Texas will continue to rise, so getting a handle on any delinquent property taxes now is essential. A property tax loan from Home Tax Solutions can help you manage any outstanding property tax bills and budget for future property tax bills.
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​2. We Make Applying for & Receiving Property Tax Loans Simple
The last thing you need when you’re dealing with financial struggles is one more thing to worry about. That’s why the Home Tax Solutions team makes the property tax loan process simple. When you work with us, you can expect: • A streamlined process with a 10-minute phone call or online application • No credit checks • No cash down and nothing due at signing • Your taxes are paid to the county within 24 hours after signing • No early payment penalties 

3. Below Industry Standard Interest Rates & Better Repayment Terms

​If you decide to move forward with a property tax loan, we hope you’ll choose to work with Home Tax Solutions. Our manageable payment terms and reputable business practices have made us one of the most trusted home tax loan providers in Texas. Compared with traditional bank loans, a property tax loan gives you a longer amount of time to repay the loan. In most cases, bank loans for property taxes must be repaid in six to twelve months. Our home tax loans have repayment terms of between one and ten years with no prepayment penalties. You may also consider paying your property tax bill with a credit card, but the interest rates on credit cards are significantly higher than those associated with our property tax loans. 

4. Save Money Now & Relieve Financial Stress

​Our team members understand that you can’t always plan for or avoid financial stresses that arise. If the unexpected has made it impossible or difficult for you to cover the cost of your annual property taxes, a property tax loan can help. If you stay delinquent with the county, the fees, interest, and penalties will add up fast, and you’re at risk of having your home foreclosed on. If you’re struggling right now, our repayment plans with an option to defer payment for up to a year give you an opportunity to get back on your feet without incurring high late payment penalties.

5. End the Stress Associated with Delinquent Property Taxes
Worrying about a delinquent payment and potential home foreclosure can cause high levels of unnecessary stress. Relieve that unnecessary stress and anxiety now. Let the Home Tax Solutions team get your delinquent property taxes paid within just a few days.

Get Started with Home Tax Solutions Today 

When you’re ready to get started with a Texas property tax loan, the Home Tax Solutions team is here to help. Simply take a few moments to get the process started by calling 800-688-7306 or completing our online application.