To request a Subordination Agreement, please provide the following:
- Name, phone number and email address of lender/title company coordinating the transaction
- Copy of the mortgage application
- Appraisal (or other supporting value information)
- Loan Commitment Letter
- Letter from the borrower requesting that Gorham Savings Bank subordinate it’s lien to another Lender. This letter should include authorization to release a copy of the Note, if required by the Lender.
Subordination Agreement produced by the title company coordinating the transaction sent to Gorham Savings Bank.
- $200 pre-paid non-refundable fee should be included with the package and is assessed regardless of Gorham Savings Bank’s decision to subordinate its lien.
- If you wish to receive completed documents via overnight mail: Include pre-paid shipping return address label with any applicable pre-paid pick up fees.
Request a secure upload link via email: email@example.com
Gorham Savings Bank
Attn: Loan Underwriting
10 Wentworth Drive
Gorham, Maine 04038
Call Erin O-Brien (207) 221-8456
OR Samuel Cunningham (207) 839-3342
OR Angela Smith (207) 222-1442
Turn around time may take up to 30 days once all the above information is received.