How is the maximum financing amount determined?


In California the maximum financing amount is the LOWEST of:

  • 15% of the property value
  • Available equity in the property (must be at least 10% to qualify)
  • $200,000

In Florida the maximum financing amount is 20% of the just value of a property, except in Palm Beach County where there is a 10% equity requirement. 

Bear in mind that the maximum financed amount is not just the project cost; it also includes fees and capitalized interest, so the maximum project cost will always be smaller than the maximum finance amount. PACE Funding shows maximum project cost in the portal for contractor’s convenience.



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