Seller/Servicer Memorandum 25-07

Date:   September 29, 2025

From:  Michelle Graves
           Director, Mortgage Operations

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

PROPERTY INSPECTION WAIVER (PIW)
(Section 2001.05.E) 

If the lender receives a PIW on a non-arm’s length transaction, they must obtain prior approval from AHFC before proceeding. 

IRRLIB RATIOS
(Section 7001.06.B) 

The total obligation ratio can go up to, but not exceed 50% as long as the lender obtains AUS approval.  The ratios for manually underwritten loans under this option are 33/41. 

PUR (101, 102, & 103) CHEAT SHEET & PUR-103
(Appendix, Section 7011.04.2) 

This cheat sheet has been created to assist lenders with the PUR requirements. The guide has been updated to state that the home inspection can’t be more than 12 months old at the time of commitment when using it for the PUR-103 Option 

UND-31
(UND-31) 

The UND-31 has been updated to add the 97% LTV Option.