Thinking about a PACE loan? What you need to know

Wednesday, February 14, 2018   (0 Comments)
Posted by: Carly Cahur
Share |
It sounds almost too good to be true: Major high-dollar home repairs, such as new hurricane-resistant impact windows, roof replacement, solar energy systems, hot water heaters, air conditioning systems and more, financed with no money down and no credit check.

You just need to show that you have equity in your home, a good history of making your mortgage payments, and that you make enough money to make payments on the debt.

Welcome to Property Assessed Clean Energy financing, a program that has funded improvements for thousands of South Florida property owners over the past three years. Many local governments in the region have approved PACE financing assessments on borrowers' property tax bills as a way to encourage residents to make their homes more energy-efficient and to strengthen them against the effects of storms and climate change. Read more here

Stay Informed

Sign up for updates from the NTLA

Sign Up!