Seller/Servicer Memorandum 25-01

Date:        March 17, 2025

From:       Michelle Graves
                 Director, Mortgage Operations

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

A new loan Option is available now!

97% Loan-to-value (LTV) Option 
(Section 7012)

In order to promote sustainable homeownership, Alaska Housing Finance Corporation is now offering a 97% LTV Option. This option is available for the following loan programs: My Home, Rural Owner-Occupied, First Home Limited, First Home, and Veterans Mortgage Loan Program.  This option can also be combined with other AHFC Program Options. 

Please see Section 7012 for full details. This Option is effective immediately. 

Updated forms

The following forms have been updated to add the 97% LTV Option:

Additional updated sections

There are additional sections of the guide that have been updated: