Seller/Servicer Memorandum 21-04
Date: 31 August 2021
From: Jan Miyagishima
Director, Mortgage Operations
SELLING GUIDE REVISIONS: CONTACT UNDERWRITING
(Anchorage Only: 907-330-8400/ Outside Anchorage: 888-854-3884)
New Military Facility Zone Loan Program!
AHFC is excited to announce the Military Facility Zone Loan Program. This program was created to provide a financing option for investment properties in the Fairbanks area where there is an increased demand for housing created, in part, by the number of incoming military personnel. The program will provide financing for qualified non-owner occupied duplexes, triplexes, and fourplexes located within a Military Facility Zone. At this time, the only designated Military Facility Zone in Alaska is the City of North Pole.
This program will start on September 1, 2021 with a sunset date of June 30, 2024.
Please see the attached Section 5014 – Military Facility Zone Loan Program for additional details of the program.