Seller/Servicer Memorandum 25-05

Date:   July 18, 2025

From:  Michelle Graves
           Director, Mortgage Operations

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

Accessory Dwelling Units (ADU)
(Section 2001.26)

The guide has been updated to more clearly outline AHFC’s requirements for accessory dwelling units (ADUs). 

Pay Stubs
(Section 4003.01.B.1 & Section 8000.02.B.14)

The guide has been revised to address the pay stub requirements when a borrower receives a pay increase. If the new salary is being used for qualification, the lender must provide a pay stub showing the borrower is receiving the amount that is being used to qualify.  These pay stubs can be provided prior to AHFC loan purchase.  In some cases, documentation covering 30-days may be required.