Seller/Servicer Memorandum 22-05

Date:  May 31, 2022

From:  Jan Miyagishima
            Director, Mortgage Operations


SELLING GUIDE REVISIONS: CONTACT UNDERWRITING
(Anchorage Only: 907-330-8400/ Outside Anchorage: 888-854-3884)

non-occupying co-signers (Section 1004.03)

AHFC is happy to announce that we will now permit a non-occupying co-signer on the following loan programs and property types:

allowable programs:

allowable property types:

  • Single Family & Condo/PUD
  • Manufactured Homes on permanent foundations (Type-I)

Borrower must receive AUS loan approval and meet all agency and/or Government guidelines, if applicable.  Co-signers will be liable on the Note, but cannot have ownership interest in the subject property. Co-signers will be required to sign the Note and Deed of Trust, as a non-occupant.  Co-signers do not have to be an Alaskan resident.