Seller/Servicer Memorandum 25-04

Date:        June 27, 2025

From:       Michelle Graves
                 Director, Mortgage Operations

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

FINAL INSPECTIONS
(SECTION 2000.05.D)

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. 

BUSINESS USE OF HOME
(SECTION 5002.05C.8 AND SECTION 5003.05.D)

When a borrower is self-employed and is applying under the First Home Limited or Veterans Mortgage Programs, they must acknowledge that any business use of the home is restricted to no more than 15% of the residence’s total gross floor area.  The borrower(s) will need to sign the new PRG-49 form.  The lender must retain this form in their file.

PURCHASE VOUCHERS

The purchase vouchers (PUR-1, PUR-1a, and PUR-1sr) have all been updated to include space for any non-occupying co-signer’s information.