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Options to Refinance Energy Efficient Loan Programs

Several years ago, Property Assessed Clean Energy (PACE) and other energy retrofit loan programs became available for homeowners looking to finance energy conservation home improvements.  Financing options for energy conservation improvements vary. Some of these programs have characteristics that may make it difficult for you to refinance or sell your home, such as loans that are repaid through a property tax assessment that take the first lien position, meaning they take priority over your mortgage. Learn more about the risks associated with some energy efficient financing programs.

Often, the terms of these loans – and the associated implications – are not fully understood by homeowners when they rely on this financing.

If you obtained a PACE loan and your loan is owned by Freddie Mac, we offer opportunities to help you pay off this loan and ensure your mortgage complies with our requirements.  These options include:

We encourage you to call you lender today to discuss the best option for your situation.

If you’re planning to finance future energy-efficient improvements, it’s important to know there are there are several options that can meet your needs while protecting your mortgage terms and the marketability of your home. Talk with a trusted advisor such as a certified housing counselor about affordable and suitable financing solutions, including those offered by Freddie Mac.


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