✓ No FHA Approval Required
✓ Line of Credit Never Expires
✓ Available at Age 55
✓ Loans Up to $4 Million
Stuck with a PACE loan you want out of? The high payments and tax lien are more than you expected. A reverse mortgage may provide the funds to pay off your PACE assessment. 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 loans attach to your property tax bill as a lien. This makes them difficult to refinance because most traditional mortgage lenders will not subordinate to a PACE lien. The PACE assessment takes priority, creating complications for any refinancing attempt.
PACE interest rates can be high, and the assessments run for 10 to 25 years, adding thousands per year to your property tax bill. Over time, the total cost grows significantly. Selling your home becomes complicated because the PACE lien transfers to the buyer, making the property less attractive and harder to sell.
Many homeowners who signed these agreements did not fully understand the long-term financial implications. The cumulative cost of a PACE assessment can be substantial, and your options for refinancing are limited because lenders avoid taking secondary position to a PACE lien.
A reverse mortgage may provide funds that you can use to pay off the PACE assessment balance. Once paid, the PACE lien is removed from your property and you no longer owe the PACE company any future payments.
Because a reverse mortgage uses your home equity as collateral, it does not require a subordination agreement. Our proprietary program may be able to work with PACE situations, subject to underwriting. The reverse mortgage provides the funds you need to settle the obligation and move forward.
With no monthly mortgage payments required*, you eliminate both the PACE burden and gain monthly payment relief. This is particularly valuable for retirees on fixed incomes who are struggling with high PACE assessments each year.
*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 usually will not work because lenders will not subordinate to a PACE lien. Our proprietary reverse mortgage may be able to work with PACE situations, subject to underwriting. This gives you an option that other programs cannot provide.
Our reverse mortgage program may provide the funds to pay off your PACE assessment. Because we use your home equity as collateral, we are not bound by the subordination restrictions that traditional lenders face.
Unlike traditional refinancing, a reverse mortgage requires no monthly payments. You remain responsible for property taxes, insurance, and HOA fees, but the mortgage itself does not require a monthly payment.
Our proprietary program 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 pay off your PACE loan sooner.
Loan amounts depend on your age, home value, and market conditions. Our program offers amounts up to $4 million, often sufficient to cover PACE payoff costs for most Florida homes.
We provide a free PACE payoff analysis showing your potential options. No paperwork required to get started. No obligation to proceed. Simply call or fill out the form to learn what you may qualify for.
"Every homeowner's situation is unique. We take our time to understand your PACE agreement, your home equity, and your goals before recommending any path forward. There is no pressure, no hidden fees, and no surprises."
Real reviews from Florida homeowners who trusted us with their reverse mortgage.
Can a reverse mortgage pay off my PACE loan?
A reverse mortgage may provide funds that you can use to pay off your PACE assessment balance. Once the PACE assessment is paid, you can request the PACE lien be released from your property. Results depend on individual circumstances, home value, and age eligibility.
Why won't traditional lenders refinance a PACE loan?
PACE assessments are attached to your property tax bill and take priority. Traditional lenders will not subordinate to a PACE lien because it creates significant risk. Our proprietary reverse mortgage may be able to work with PACE situations, subject to underwriting.
Will the PACE lien be removed from my property?
Yes. Once the PACE assessment is paid off using reverse mortgage funds, you can request the PACE lien be released from your property deed. You will no longer owe the PACE company any future payments or assessments.
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.
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.
How do I find out if I qualify?
Fill out the form on this page and we will prepare a free PACE payoff analysis showing your potential options. We will reach out within one business day. No paperwork required upfront. No obligation of any kind.
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 PACE payoff 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, results depend on individual circumstances and are subject to underwriting. The reverse mortgage becomes a lien on your home. For complete program details, please contact us directly at (727) 244-7076.