✓ No FHA Approval Required
✓ Line of Credit Never Expires
✓ Available at Age 55
✓ Loans Up to $4 Million
Your PACE loan seemed like a good idea for those home improvements. Now the assessment is costing more than expected. A reverse mortgage may provide the funds to pay off your PACE balance and remove the lien. No monthly payments*. Age 55+. Primary residences only.
See If You May QualifyNo obligation · No paperwork to get started · We take our time with you
Fill out the short form below and we will prepare your free payoff comparison and reach out within one business day. No paperwork. No commitment. No obligation of any kind.
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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.
When you took out a PACE loan for home improvements, you understood you would pay an annual assessment added to your property tax bill. What many homeowners do not fully realize is how the costs escalate over time.
PACE assessments are structured differently than traditional mortgages. The lien has priority on your property, making traditional refinancing nearly impossible. The effective interest rate is often much higher than the stated rate, especially when you factor in the long repayment terms. Annual assessments increase with property taxes, compounding the burden year after year.
If you want to sell your home or refinance, the PACE lien must be satisfied first, often before any other lender will touch your property. This creates a financial trap for many homeowners who simply want out.
A reverse mortgage may provide the solution you have been looking for. Instead of being stuck with decades of PACE assessments, you use your home equity to settle the PACE balance completely and in full.
With a reverse mortgage, you receive funds as either a lump sum or a line of credit. You can use these funds immediately to pay off your PACE lien. Once the PACE balance is settled, the lien is removed from your property title, and the annual assessment disappears from your property tax bill.
Best of all, a reverse mortgage requires no monthly payments. You maintain full ownership of your home while freeing yourself from the burden of PACE assessments. Available at age 55 for our proprietary program, or age 62 for the FHA program.
*Borrowers remain responsible for property taxes, homeowners insurance, and HOA fees. The reverse mortgage provides funds to pay off the PACE balance; it does not eliminate other home ownership costs.
When you compare a PACE loan to a reverse mortgage for payoff purposes, the differences become clear. A PACE assessment continues to grow with your property taxes every single year, locking you into decades of payments. A reverse mortgage provides the funds to end that cycle.
| Feature | PACE Loan | Reverse Mortgage |
| Annual Assessment | Added to property taxes yearly | No monthly payments |
| Interest Rate | High effective rates | Competitive rates available |
| Lien Status | Lien must be paid first | Provides funds to payoff |
| Draw Period Expiration | Fixed term, then repayment begins | Line of credit never expires |
| Available at Age 55 | Not applicable | Yes, with our program |
By using a reverse mortgage to pay off your PACE loan, you regain financial freedom. No more annual assessments eating into your budget. No more lien restricting your options. Just your home, your equity, and your peace of mind.
A reverse mortgage offers a clear path to end your PACE obligations and reclaim control of your home equity. Instead of being trapped by rising assessments, you use your equity to settle the balance and move forward.
A reverse mortgage provides the funds to pay off your entire PACE loan balance. Once settled, the PACE lien is released from your property and the assessment disappears from your property taxes forever.
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.
The PACE lien is one of the most restrictive liens on your property. Once paid off with reverse mortgage funds, the lien is permanently removed. Your property title is clear of this burden.
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 eliminate your PACE burden sooner.
Call us for a free payoff comparison that shows exactly how much it would cost to pay off your PACE loan and what a reverse mortgage could provide. No paperwork required upfront. No obligation of any kind.
Real reviews from Florida homeowners who trusted us with their reverse mortgage.
Can a reverse mortgage pay off my PACE loan?
Yes. A reverse mortgage may provide sufficient funds to pay off your PACE balance in full. Once paid, the PACE lien is removed from your property and the assessment is eliminated from your property taxes. You receive funds as a lump sum or line of credit, with no monthly payments required.
What happens to my PACE lien after payoff?
Once your PACE balance is satisfied with reverse mortgage funds, the PACE lien is released and removed from your property title. The lien no longer exists. Your property is free of this obligation, and the annual PACE assessment is no longer collected through your property taxes.
Will my property taxes decrease after PACE payoff?
Yes. The PACE assessment is added to your annual property tax bill. Once you pay off the PACE loan, this assessment is removed. Your property taxes will reflect only your regular tax obligation, significantly reducing your annual tax burden.
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 and eliminate your PACE liability sooner.
Do I need income documentation?
No. Our reverse mortgage does not require income documentation or verification of employment. Qualification is based on your age, home value, existing mortgage balance, and credit history, not current income or employment status.
Can I use this for investment property?
No. This reverse mortgage is available for primary residences only. The property must be your main home in Florida. Investment properties, rental 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 PACE situation, and your options.
Sunshine State Home Loans · Licensed in Florida · Serving homeowners across the entire state
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 loan; however, the PACE obligation is not automatically eliminated. The reverse mortgage becomes a lien on your home. Results vary based on individual circumstances. For complete program details, please contact us directly at (727) 244-7076.