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How Does a Property Tax Loan Affect My Existing Financing?

Property tax loan

Each year, thousands of Texas property owners struggle to pay property taxes and, thus, run the risk of heavy delinquency penalties setting back their financial situation. Here, a property tax loan provides an invaluable service by covering your total property tax bill and preventing further penalties or even the risk of losing your home. But how does a loan to pay property tax bills affect your existing financing?

Why Get a Loan to Pay Property Taxes?

Despite the State of Texas having a reputation for low taxes (notably, no income tax), we do have some of the highest property taxes in the country. This single tax accounts for almost 5% of an average household’s income – approximately $2,500 per year. Local property taxes have jumped by 205% in the last 20 years, outpacing average increases in household income and putting thousands of property owners at risk of losing their homes and businesses. This is where getting a property tax loan from a reputable and ethical lender is an effective and beneficial solution.

Benefits of Property Tax Loans When You Are Already in Default

Property tax loans assist property owners who are in default by letting them take control of their delinquent property taxes. Rather than sitting with an unpayable bill that is subject to constant, severe penalties for each month it goes unpaid, the loan process ensures that the bill is paid up in full immediately. Your obligation is to then meet the payments set out by the lender of your property tax loan. So, how does this affect your existing mortgage? In short – a property tax loan is far superior to having unpaid property taxes and does not negatively affect your credit.

First, the existing tax lien on your home that is automatically placed on your property on January 1st by your local tax office can be transferred to your property tax loan lender. Your lender agrees to pay your existing property tax bill, using this lien as security. This removes you from the delinquent tax roll, preventing this from potentially creating future public records of a lawsuit judgment against you, once the county proceeds to foreclose.

Another benefit is that a property tax loan is designed to be less costly than not paying your delinquent property taxes. With an accommodating and flexible payment structure, leading property tax loan companies in Texas like the American Finance & Investment Co., Inc. (AFIC) offer payment flexibility that the local tax office does not, including interest-only payments and payment deferment for up to 60 months – all with comprehensive escrow protection, if desired.

These property tax loans also prevent foreclosure on your home or commercial property, which is a process that your local tax office will begin if property taxes remain delinquent. This has a severe impact on your existing and future financing.

Protect Your Home and Ability to Pay Your Mortgage – Speak to Property Tax Loan Specialists Today

AFIC is a fourth-generation, family-owned property tax loan provider in Texas that offers homeowners and commercial property owners quick and convenient assistance in paying their property taxes. Our solutions are affordable and simple, requiring no money down and no credit check – you can do everyting entirely online, or we’ll even bring all the paperwork to you at your convenience.

Our friendly team works hard to put your interests and needs first, protecting your financial position and preventing foreclosure. So, don’t hesitate to contact us for property tax loans in Texas. You can also get a FREE, instant loan estimate now by completing the form below.


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Proudly Serving Austin (Travis County & Williamson County), Dallas (Dallas County), El Paso (El Paso County), Fort Worth (Tarrant County), Houston (Harris County, Fort Bend County, & Montgomery County), the Rio Grande Valley (Mcallen, Phar, Hidalgo County, & Cameron County), San Antonio (Bexar County), Waco (McLennan County) and the rest of Texas with Property Tax Loans.

YOUR TAX OFFICE MAY OFFER DELINQUENT TAX INSTALLMENT PLANS THAT MAY BE LESS COSTLY TO YOU. YOU CAN REQUEST INFORMATION ABOUT THE AVAILABILITY OF THESE PLANS FROM THE TAX OFFICE.

If you are over 64 or disabled, don’t get a property tax loan, contact your tax office about a deferral.

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