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VA Update - PACE Obligations

VA is not extending its Property Assessed Clean Energy (PACE) policy originally announced in Circular 26-16-18, which was rescinded on July 1, 2018.

Effective with loans insured on or after July 1, 2018, transactions will no longer be permitted to close with an outstanding PACE obligation. The following sections of the New Penn Financial VA product profile have been updated with all applicable requirements.

 

 

Please refer to the New Penn Financial VA Product Profile on the Product Matrices page for specific details.