✓ No FHA Approval Required
✓ Line of Credit Never Expires
✓ Available at Age 55
✓ Loans Up to $4 Million
You took a PACE loan for home improvements but the costs are more than expected. You are not alone. A reverse mortgage may provide the funds to pay off your PACE assessment and remove the lien from your property. No monthly payments*. Available at age 55. Primary residences only.
See If You May QualifyNo obligation · No paperwork to get started · We take our time with you
PACE (Property Assessed Clean Energy) loans fund energy and home improvements like solar panels, energy-efficient windows, roofing, and HVAC systems. The loan is repaid through property tax assessments, typically over 10 to 25 years.
The problem: PACE liens have priority status on your home in some cases, which means they must be paid before refinancing or selling. Most traditional lenders refuse to refinance over a PACE lien, leaving homeowners trapped with high effective interest rates and limited options.
Many homeowners who signed PACE agreements did not fully understand the long-term financial commitment. The assessment can become costly over time, especially if your home appreciates. Getting out early can require a substantial lump sum payment.
Yes. PACE assessments can typically be paid off early. When you settle the full balance, the PACE lien is removed from your property and the assessment is eliminated from your property tax bill.
The challenge is funding the payoff. A reverse mortgage may provide sufficient funds to settle the PACE balance. Once paid, the obligation ends completely and you regain full control of your home equity.
A reverse mortgage requires no monthly payments, making it an attractive option for homeowners who want to exit their PACE loans but cannot afford a large lump sum from other sources. Available at age 55 in Florida.
*Borrowers remain responsible for property taxes, homeowners insurance, and HOA fees. The reverse mortgage provides funds to pay off the PACE assessment; it does not eliminate other home ownership costs.
Traditional refinancing is usually blocked by the PACE lien's priority status. A reverse mortgage may work where other options cannot, subject to underwriting. It offers a practical path to reclaim your financial freedom.
A reverse mortgage provides the funds to pay off your PACE assessment completely. Once the balance is settled, the lien is removed from your property. You stop paying the PACE assessment through your property tax bill.
Unlike a traditional mortgage or personal loan, a reverse mortgage requires no monthly payments. The loan is repaid when you sell, move, or pass away. This provides peace of mind and monthly cash flow relief.
Our proprietary reverse mortgage is available starting at age 55. The FHA government program requires age 62. If you are between 55 and 61, you may qualify for our program now and exit your PACE obligation sooner.
With a credit score of 720 or higher, you may qualify for our reverse mortgage without income documentation. This simplifies the approval process and speeds up your exit from your PACE loan.
Loan amounts depend on your age, home value, and market conditions. Our proprietary program offers loan amounts up to $4 million, often sufficient to cover PACE payoff costs for most Florida homes.
Real reviews from Florida homeowners who trusted us with their reverse mortgage.
What is a PACE loan?
PACE (Property Assessed Clean Energy) loans fund home energy improvements like solar panels, windows, roofing, and HVAC systems. The loan is repaid through property tax assessments over 10 to 25 years. PACE liens can have priority and complicate refinancing or home sales.
Can I pay off my PACE loan early?
Yes. PACE assessments can typically be paid off early. You can settle the full balance at any time to remove the PACE lien from your property and eliminate the assessment from your property tax bill.
How can a reverse mortgage help with my PACE loan?
A reverse mortgage may provide sufficient funds to pay off your PACE assessment in full. Once paid, the lien is removed. You receive funds as a lump sum or line of credit with no monthly payments required on the reverse mortgage.
What is the minimum age?
Our proprietary reverse mortgage is available to Florida homeowners starting at age 55. The FHA government program requires age 62. If you are between 55 and 61, you may qualify for our program now.
Do I need income documentation?
With a credit score of 720 or higher, you may qualify for our reverse mortgage without income documentation. This streamlines the approval process and helps you exit your PACE loan faster.
Can I use this for an investment property?
No, this reverse mortgage is available for primary residences only. The property must be your main home in Florida. Investment properties and second homes do not qualify.
There is no paperwork required to speak with us. No credit check. No pressure of any kind. Just an honest conversation about your home, your situation, and your options.
Sunshine State Home Loans · Licensed in Florida · Serving homeowners across the entire state
Fill out the short form below and we will prepare your free exit analysis and reach out within one business day. No paperwork. No commitment. No obligation of any kind.
Please note: Borrowers are always responsible for the payment of property taxes, homeowners insurance, HOA dues, and any special assessments. Failure to meet these obligations may result in the loan becoming due and payable. This is not a commitment to lend. All loans are subject to credit and property approval.
This website is for informational purposes only and does not constitute financial, legal, or tax advice. Reverse mortgage products are subject to eligibility requirements, terms, and conditions. All loans are subject to credit approval. This material is not a commitment to lend. Sunshine State Home Loans is a licensed Florida mortgage broker, not a lender. A reverse mortgage may be able to provide funds to pay off a PACE assessment; however, the PACE obligation is not automatically eliminated. The reverse mortgage becomes a lien on your home. PACE liens may affect your eligibility, subject to underwriting. Results vary based on individual circumstances. For complete program details, please contact us directly at (727) 244-7076.