PACE Funding Group announced that it will change its name to. has changed Home run funding and added a new unsecured loan product called Home Run Loans. The company launched in California in 2014 as a single product company: Property Assessed Clean Energy (PACE) funding for renewable energy, energy and water efficiency projects, and later for storm protection and other public home improvement improvements. The company launched successful PACE programs in Florida (2019) and Missouri (2020). With its new offering, Home Run Financing provides contractors with a single source of funding for their clients to get construction construction financing, opting for either unsecured loans or PACE financing when it suits better the equity in their house is tied up.
“Home Run Financing is the only residential real estate finance provider that offers homeowners both PACE and unsecured loans,” said Robert Giles, CEO of Home Run Financing. “We have learned over the years that customers like to have several financing options from a single source. We meet this demand. “
The PACE funding product is currently available in California, Florida, and Missouri and can be used in renewable energy products, energy or water efficiency products, and home improvement services related to earthquakes, forest fires, and / or hurricanes, depending on state law. Approval for PACE is not based on the borrower’s creditworthiness as it is based on the homeowner’s equity in their home. PACE is strictly regulated to ensure a high level of consumer protection.
Home run loans will be available in these three states plus Kansas and can be used for a variety of home improvement projects, including the types of projects allowed under PACE, in addition to kitchen remodeling, bathrooms, flooring, room expansions, apartment units, pavilions, and many others Projects. Home run loans offer the homeowner and contractor a quick application and approval process, no income documentation, and no lien on the property.
Home Run Financing works with a broad network of renowned, licensed contractors nationwide. Contractors can register through the program’s website to provide home run loans and / or PACE finance. Homeowners can encourage their contractors to sign up for the program.
News of Home Run Loans