Single-Family Seller/Servicer Memorandums

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Single-Family Seller/Servicer Memorandums - 2025
 

Memo 25-01

  • A 97% Loan-to-Value Option is now available!  See Section 7012 for more details. 

Memo 25-02

  • The 2025 Income and Acquisition limits are posted for the First Home Limited Program.  These limits can be used immediately, but must be used for commitments issued on or after May 7, 2025. 

Memo 25-03

  • The approved Municipalities have been updated to reflect that only homes in Service Area 1 of Petersburg comply with AS 18.56.300. 
  • The guide has been updated to provide clearer guidance on the documentation and qualification requirements for rental income derived from both the subject property and other real estate owned. 

Memo 25-04

  • AHFC has updated its requirements for final inspections.  A new chart has been created, as well as a Borrower Attestation Letter (PUR-82).  These changes are effective immediately. 
  • A Business Use of Home Form (PRG-49) has been created for the First Home Limited and Veterans Mortgage Programs. 
  • The Purchase Vouchers have been updated to include space for non-occupying co-signers. 

Memo 25-05

  • The Guide has been updated to more clearly outline AHFC's requirements for accessory dwelling units (ADU's). 
  • The guide has been revised to address the pay stub requirements when a borrower receives a pay increase and the income is being used in qualification. 

Memo 25-06

  • Servicing guide revisions to Insurance loss settlements, Property Preservation, Management and Maintenance of Acquire Property and Hazard Insurance Claims
  • SER-999, SER-998 and ASM-27 Form layout update 
  • SER-70B form deletion

Memo 25-07

  • If the lender receives a PIW on a non-arm's-length transaction, they must obtain prior approval from AHFC before proceeding. 
  • The total obligation ratio can go up to, but no exceed 50% as long as the lender obtains AUS approval.   The ratios for manually underwritten loans under this option are 33/41. 
  • A PUR (101, 102 & 103) Cheat Sheet has been created.  The guide has also been updated regarding the age of the home inspection.  
  • The UND-31 has been updated to add the 97% LTV Option. 

Memo 25-08

  • PFD calculations: AHFC will be using $112.58 per month for the PFD calculations.  This is effective for commitments on or after October 3, 2025. 
  • Borrowers are able to receive up to $2,000 cash back on the Refinance and Streamline Refinance Programs, provided the calculations allow for the maximum loan amount. 

Prior Years