HED - MORTGAGE SUBORDINATION REQUEST

DEPARTMENT OF HOUSING AND ECONOMIC DEVELOPMENT MORTGAGE AND HOUSING INVESTMENTS MORTGAGE SUBORDINATION REQUEST

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Submitted By:

First Name

Last Name

Phone Number

Email Address

Property Owner(s):

First Name

Last Name

Street Address

Apt/Suite/Office

City

State

Zip

Country

Email Address

Phone Number

First Mortgage Holder:

Principal Balance $

Remaining Balance $

Pay Off Amt: $

Term: (Months)

Monthly PITI:$

Interest Rate: %

Second Mortgage Holder: Palm Beach County

Principal Balance $

Remaining Balance $

To Be Paid Off:

Term: (Months)

Funded Year:

Interest Rate: %

Third Mortgage Holder:

Principal Balance $

Remaining Balance $

To Be Paid Off:

Term: (Months)

Monthly PITI:$

Interest Rate: %

Other Liens (describe type and payoff amounts):

Proposed Mortgage Holder:

Address:

Principal Balance: $

Baloon:

Term: (Months)

Monthly PITI:$

Interest Rate: %

Has the property been appraised:

First three pages of appraisal are attached
*This question is required.

File: {{filename}} delete

The proposed mortgage will be used to pay for the following:

Payoff First Mortgage: $
Payoff Second Mortgage: $
Payoff Third Mortgage: $
Closing Costs: $
Prepaid Cost: $
Other: $
Other: $
Other: $
Other: $
Cash to Close: $

Debt consolidation loans will not be approved nor is cash out permissible. To qualify for subordination, the interest rate must be reduced by one percentage points or the term of the loan reduced from 30 years to 20, 15, or 10 years.

Submissions are to be sent via: email or postal service
Department of Housing and Economic Development Mortgage and Housing Investments
100 Australian Avenue, Suite 500
West Palm Beach, FL 33406
HEDVerify@pbcgov.org
(submitting the form will send a copy to this email address)

E-mail Disclaimer:

Under Florida law, e-mail addresses are public records. If you do not want your e-mail address released in response to a public records request, do not send electronic mail to this entity. Instead, contact this office by phone or in writing.

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