• Nichole Fox

PACE / HERO Loan? No problem!

If you are one of many seniors, struggling to pay your tax bill due to a recent PACE or HERO loan, Freedomstar Financial can help, even if you have been turned down in the past!


Many seniors now face a Voluntary Tax Lien stemming from their participation in programs that are part of the Property Assessment Clean Energy (PACE) Program. The most common of which is known as the Home Energy Repair Opportunity (HERO) Loan program.


Example HERO / PACE Loan Statement

"Many seniors are struggling to make ends meet and were not expecting a new assessment as well as the large voluntary assessment on their tax bills. We just want them to know there are options out there, and we can help," said Ivan Hendren, President and CEO of Freedomstar Financial.


Seniors over the age of 62, if you have a voluntary tax lien for the county PACE program or HERO program, and are facing a big tax lien, you are encouraged to contact Freedomstar Financial right away to discuss your options for a reverse mortgage. If you have enough equity in your home, we may be able to offer some relief.


A reverse mortgage loan is a non-recourse loan which requires no monthly payments as long as the homeowner lives in the home at least 6 months out of the year. The full amount of the loan becomes due when the last borrower sells or moves out of the home.


Eligibility is based primarily on the age(s) of the borrower(s) and how much equity is available in their home. Borrowers must be over the age of 62 and have at least 50% equity in their home to qualify. The borrower does not have to make any payments on the loan until they either sell or move out of the home. The borrower is still responsible for property taxes, insurance, and keeping up with the maintenance of the home.

(888) 659-0033

©2020 by Freedomstar Financial, Inc. 

 All Rights Reserved. We are not affiliated with any government agencies, including the VA, FHA, or HUD.   CA - Loans will be made or arranged pursuant to Bureau of Real Estate License #01984665; CO Mortgage Company Registration 100054512, Regulated by the Division of Real Estate; Florida MBR License #2065. GA Residential Mortgage Licensee; Mortgage Lender License #70335. Regulated by the Bureau of Financial Institutions, Virginia Mortgage Lender License and Mortgage Broker License #MC-7043.  Click on these links to access our Privacy Policy. Licenses, and NMLS Consumer Access - NMLS #1439059. This offer is intended for residents of CA, CO, FL, GA, TX, and VA only.

Freedomstar Financial, Inc. | 111 Deerwood Drive, Ste 200 | San Ramon, CA | 94583
518 N. Chelton, Ste 200 | Colorado Springs, CO | 80909

*Product offered is a loan and lender will place a lien on subject property. Borrower is responsible for paying property taxes, homeowner's insurance and home maintenance. Loan is subject to foreclosure for failure to pay taxes and insurance to maintain the property and to comply with loan terms. Loan Officers' primary objective is to provide a loan to the consumer. Individuals portrayed in photography are not actual borrowers.