Seller/Servicer Memorandum 25-08

Date:   October 3, 2025

From:  Michelle Graves
           Director, Mortgage Operations

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

PFD Calculations

AHFC will be using $112.58 per month, the average of the 2025 and 2024 distributions, for the PFD income calculations effective for commitments on or after October 3, 2025. 

This figure should be used for all income-restrictive programs for both qualifying and disqualifying income.  

The Lender must follow the Agency guidelines for FHA/HUD/VA/RD on their requirements for calculating this type of income. 

Cash Back on Refinances
(Section 7003.05.C, Section 7004.05.C)

The guide has been updated to reflect that borrowers may receive up to $2,000 cashback on both the Refinance and Streamline Refinance Programs, provided the calculations allow for the maximum loan amount.