What types of property qualify for a tax loan?

Loans are available for most types of real estate on which property taxes are due, including residential, commercial, and investment properties. The property must be reasonably well maintained.

Can I get a loan for more than one property?

We will make loans for more than one property.  A separate loan would be made for each property.

May I get a loan for both current and delinquent taxes?

Yes!  Our loan will pay off all interest charges, and legal fees charged by a tax authority in connection with a lawsuit filed to collect past due taxes.

May I be approved for another loan for current taxes if I have a loan from Texas Land Finance for previous years?

Yes!  As long as you are a borrower in good standing and you continue to meet our loan requirements, we will make you a loan for subsequent year taxes.

Are loans available for taxes on personal property, income taxes, or other purposes?

No.

What are the terms of a loan?

Loans from Texas Land Finance are repaid over a fifteen (15) year amortization, in reasonable monthly installments.

What up-front fees or costs are charged for Texas Land Finance loans?

None!

When are my payments due?

Payments are due at the first of each month.  You will receive a coupon book to send your payments to us.

Can my property be foreclosed upon if I am late or miss a payment?

Foreclosure can be initiated when a loan is delinquent.  We have to give notice of default and we give you an opportunity to get current, but if the default continues, foreclosure proceedings can be started in order to collect the outstanding debt.

May I prepay my loan?

Yes, you may at any time. There are no pre-payment penalties on any loans -- residential or commercial.