Single-Family Seller/Servicer Memorandums
Keep current with all Alaska Housing mortgage memorandums. Links to attachments and forms are active for the current year only.
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Single-Family Seller/Servicer Memorandums - 2022
- Memo 22-01
AHFC will no longer require the 1-4 Family Rider (FNMA/FHLMC 3170) to be included with the Deed of Trust on Single Family or Condo/PUD properties.
- Memo 22-02
The buydown fees have been updated. The new pricing is effective for lock-ins submitted on or after March 21, 2022.
- Memo 22-03
There is has been an update to clarify AHFC's minimum design requirement. AHFC has also updated the requirement on documenting earnest money deposits. A note has also been added the the Program Documentation under the Rural Non-Owner and Military Facility Zone Loan Programs.
- Memo 22-04
The 2022 First Home Limited Income and Acquisition Cost limits have been announced.
- Memo 22-05
AHFC is happy to announce that we will permit a non-occupying co-signer on certain loan programs and property types.
- Memo 22-06
Homebuyer education certificates are now valid for three years. Clarification on AHELP requirements and non-occupying co-signers.
- Memo 22-07
Servicing guide revisions to Custodial accounting, Cancellation of MI, Foreclosure recommendation, Sale proceeds remittance and USDA REO properties.
- Memo 22-08
AHFC is happy to announce that we're adding a 365-day commitment term for new construction and renovation loans. We're also adding a 90-day extension option Urban programs. These options are available starting August 1, 2022.
- Memo 22-09
Clarification memo on eligibility for an energy rate reduction.
- Memo 22-10
Updated PFD calculations: AHFC will be using $183.25 per month.
- Memo 22-11
The City of Fairbanks is now an approved Military Facility Zone. Please see Section 5014 for additional details of the program.
- Memo 22-12
The UND-3 has been updated by adding a box to check for a non-occupying co-signer. The Rural Non-Owner Loan Program and the Military Facility Zone Loan Program have been updated to state "when a business is the purchaser on a transaction, AHFC requires the owner(s) of the business to be an Alaska resident.
- Memo 22-13
If the borrower intends to add an individual to title and/or have them sign the Deed of Trust, the lender must verify that the individual will occupy the property and meets the First-Time Homebuyer requirements. The individual may not have had an ownership interest in a principal residence at any time during the three-year period prior to application to AHFC for commitment.