AllĀ agreements to subordinate are at CHAC’s discretion. All second mortgage loans are due on sale or transfer or payment of the first mortgage loan (refinance) unless subordination has been approved by CHAC.


As of July 15, 2016:

CHAC will only consider applications requesting subordination based on a demonstrated hardship such as permanent disability, death of the co-borrower, etc.


A fee in the amount of $300.00 must be paid at application in order for CHAC to subordinate. Please send an email to requesting consideration and detailing the hardship. If approved for review, an application form will be sent out to you.


Last updated 7/13/2016