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Loan Qualifications
The CAD appraisal value of the property must be at least $75,000. This number can be found on your tax bill or obtained through your local tax office.
Property owner(s) must be named as the title holder(s) of the property in the Deed of Record.
Property owner(s) must be between 18 and 65 years of age.
Property owner(s) must not currently be involved in any bankruptcy procedures.
The property must be free of all IRS liens and cannot be a mobile home.
Loan Process
After property owner(s) submits application online, HowQuest Funding will review it. A qualified loan package will be emailed to the applicant(s) within 24 hours.
Applicant(s) will review the emailed disclosures and loan terms.
Applicant(s) will print, sign and email/fax back necessary disclosures and loan agreement. A copy of the driver's license, an additional id and copy of tax statement will also be needed at this point.
Following HowQuest Funding's final approval of documents and loan agreement, we will work with your schedule to arrange a meeting to meet a notary, sign necessary documents and close the loan.
HowQuest Funding will pay the deliquent property taxes after the 3-day state-mandated waiting (rescission) period.
Loan Details
Applicant(s) can choose a loan term between 3 and 15 years with APR as low as 13.0%.
Loan closing costs are between $500 and $1500 for residential properties and added into the loan note so you pay nothing up-front.
No pre-payment penalties so the loan can be paid off as soon as you are ready.
An example of why loans are helpful - If you started out owing $5,000 on Jan. 1st for the previous year's property taxes, your debt would increase accordingly:
| Month | Penalty & Interest | Total Owed |
| Jan 1st | 0% | $5,000 |
| May 1st | 13% | $5,650 |
| June 1st | 15% | $5,750 |
| July 1st | 38%* | $6,900 |
*As soon as your property tax payment is delinquent (Feb. 1st), the county can hire an attorney to collect your payment. Depending on the county, their fees can be over 20%, the figure used in this example.
Types of Loans
Residential Loans
Our residential loans are offered in order to assist homeowners struggling with property taxes.
If you need help paying your taxes, we can offer you a loan to meet your need.
Investor Loans
If you are an investor we can work with you. Whether you own one house or ten houses, our loans are flexible and can help prevent your tax debt from accumulating.
Commercial Loans
We have a dedicated team with over 20 years of experience in the commercial lending industry to assist you in the loan process.
Our staff will offer you the best options according to your needs in order to maximize your financial flexibility.
If you are interested in a commercial loan, apply here.
