How to Get a Property Tax Loan Fast & How the Process Works

There are thousands of homeowners who are unable to pay the full amount of their property taxes on time, especially due to the high Texas property tax rate. As a result, they are forced to pay hefty amounts in penalties and loan fees. Your first legal collection penalties, typically in July, can amount to 23.6% (on top of an additional 18% paid in cumulative interest and other penalties, for a total of 41.6% as of the first business day in July); if property owners fail to pay, they become delinquent on their property taxes and receive collection letters that threaten foreclosure and lawsuits. To avoid this process from getting out of control, you can find relief by getting a fast loan to pay your property taxes with American Finance & Investment Co., Inc. (AFIC).

We help Texas residents pay their residential or commercial property taxes and will quickly get them paid, so you’ll no longer have to worry about penalties, interest, and attorney collection fees.

Why Do You Need A Property Tax Loan?

It can be challenging to fulfill your property tax obligations, especially if you are overdue on your bills. The figures above indicate how quickly an unpaid property tax bill can escalate. Before you know it, it could become completely unmanageable, taking a heavy toll on your finances. If you should find yourself in this position, there are two options open to you. You can either make a payment arrangement with your county appraisal district (CAD) or you can apply for a property tax loan. A county payment plan could be more cost-effective if your balance is low and you are sure you can keep servicing the payments every month until the balance is settled. However, you should remember that a county payment plan is quite rigid and unforgiving and leaves you no room to negotiate if you are unable to fulfill your obligations. A 12% annual interest rate invariably applies, and the term is fixed between 12 and 36 months. If you should lose the ability to keep up with your payments, even if only temporarily, statutory penalties will be applied. If the total sum owed is very high, and you are limited on the amount you can pay monthly, a property tax loan is the best option.

You will pay a similar interest rate to the county’s standard 12%. You can also avoid the retroactive penalties and collection costs levied against your account should you ever default on a payment. Also, remember that a county payment plan is an impersonal option that comes with all the frustrations of government bureaucracy. If you go with AFIC for a property tax loan, you will get personalized service, a repayment plan that works for you, freedom from high interest and additional penalties, and the instant settlement of your obligation to the county.

What is the property tax loan process, and how fast can you get a loan from us?

The process is simple: You’ll pick your loan amount online or with our licensed loan officers. Then, you’ll provide some brief background information. Next, we generate documents (in as little as 30 minutes). Lastly, you’ll sign the documents with our online or mobile notaries.

• A property tax lender pays your taxes to the tax collector and then gives you a payment plan to pay them back in a way that gives you more time and is affordable for you. Upon approval of your payment, the tax collector transfers the tax lien to the property tax lender. This tax lien becomes the lender’s security for ensuring they are paid under the agreed payment plan.

• We can close your loan soon after receiving your call or web inquiry, provided the right circumstances are met, and payment terms are agreed upon. This process is fully online, offering flexibility to suit your schedule. Alternatively, if an in-person approach is preferred, we’re happy to send a notary directly to you for signing.

• Funding takes place after a post-closing review and the expiration of a three-business day cancellation period (for household purpose loans). We typically will pay back the state 100% of the unpaid taxes.

Your loan is a customized repayment plan just for you, and our loan officers can review the disclosures and go over all the details. We structure our loans for property taxes to allow for affordable repayment terms, helping you regain control of your financial situation.

There are many benefits to this process:

1. The process is faster and more convenient than any arrangement you can make with your CAD. There is no application!
2. Your debt to the county is settled immediately and in full once the loan is approved, no matter how long you have left the bill unpaid or how much you have accrued in penalties and interest.
3. There’s no need to worry about credit checks. Your credit history does not affect the application.
4. The terms are flexible, and you can pay a monthly installment that suits you best. It makes good financial sense - your cash flow can remain healthy, and you can fit the payments into your life and budget.

Property taxes can result in very high penalties and fees – Here’s how our property tax lenders can help

Whether you are in need of a commercial property tax loan or a residential property tax loan for your property, at AFIC, our property tax lenders can offer you expert advice and services to deliver fast, effective tax relief. American Finance & Investment Company, Inc has a compassionate and qualified team that will settle your property tax bill quickly and customize a repayment plan to help you get back on your feet.

For qualifying properties, we can help you pay off your delinquent taxes and offer you the following benefits:

• Quick and completely online process
• No money down
• No credit check
• Free 30-day rate match
• Match competitors and beat their rate by 1%
• Avoid high penalties and foreclosure

AFIC has been helping Texas property owners pay their taxes since 1946. Our collective experience of over 100 years in the financial industry ensures that we have the resources necessary to help you resolve your tax payment challenges. We depend on equity funding, so we do not rely on third-party banks or other lending institutions. Plus, we stand apart from our competition with a complaint-free, 65+ year Better Business Bureau track record. We pride ourselves on finding solutions to suit the unique needs of our clients. If you would like to discuss our property tax loans, please contact our experienced team at AFIC today.

Ernest Eisenberg, President of American Finance & Investment Co., Inc. (AFIC), brings a wealth of expertise in non-traditional financing, including property tax loans and non-bank mortgage solutions. His vision is characterized by a commitment to offering flexible financing solutions to Texas property owners.