Subordination requests
NeighborWorks HomeOwnership Center in the Sacramento Region offers the option to subordinate loans held within its portfolio under specific conditions:
When a borrower submits a subordination request along with the necessary documentation and pays the required fee, NeighborWorks HomeOwnership Center will review the request. Subordination will be considered if the terms outlined in their policies are met.
To ensure timely processing, it is imperative that the full application, document package, and payment are submitted together. In normal circumstances, NeighborWorks aims to process all subordination requests within five business days from the receipt of the complete application, document package, and payment. However, in instances where special circumstances arise, additional time may be required for review and processing
NeighborWorks Sacramento Region offers the option to subordinate loans held within its portfolio under specific conditions:
When a borrower submits a subordination request along with the necessary documentation and pays the required fee, we will review the request. Subordination will be considered if the terms outlined in their policies are met.
To ensure timely processing, it is imperative that the full application, document package, and payment are submitted together. In normal circumstances, NeighborWorks aims to process all subordination requests within five business days from the receipt of the complete application, document package, and payment. However, in instances where special circumstances arise, additional time may be required for review and processing.