Seller/Servicer Memorandum 24-12
Date: September 24, 2024
From: Michelle Graves
Director, Mortgage Operations
SELLING GUIDE REVISIONS: CONTACT UNDERWRITING
(Anchorage Only: 907-330-8400/ Outside Anchorage: 888-854-3884)
Energy Efficiency Interest Rate Reduction (EEIRR)
(Section 7002.01, 7002.04, 12000.11.D, Rate blending worksheet, UND-3 pg2)
Alaska Housing is pleased to announce that we are increasing the loan amount where the energy efficiency interest rate reduction will apply.
The interest rate reductions are limited to the first $250,000 of the loan amount. The interest rate will be blended for loan amounts exceeding $250,000.
This applies to commitments issued on or after October 1, 2024.
PUR-102
This is a reminder that builders and inspectors must use the online ARIS system to generate the PUR-102. The old handwritten form is no longer a valid document. Please reach out to the Energy Department at 907-330-8166 if you need assistance with the online system.
PFD Calculations
AHFC will be using $125.58 per month, the average of the 2024 and 2023 distributions, for the PFD income calculations effective for commitments on or after October 3, 2024.
This figure should be used for all income-restrictive programs.
The Lender must follow the Agency guidelines for FHA/HUD/VA/RD on their requirements for calculating this type of income.
document submission checklist's UND-31 & UND-31 Reno
(UND-31, UND-31 Reno)
These forms have been revised and the verbiage has been updated.