FHA will stop financing property with a PACE loan

HUD will no longer allow FHA financing on properties if a PACE energy-efficient improvement lien remains in place. It says a mortgage default could threaten its Mutual Mortgage Insurance Fund since PACE loans have priority lien status.

Source: Association News: Reprinted with permission Florida Realtors. All rights reserved.
Reprinted with permission Florida Realtors. All rights reserved.

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