Seller/Servicer Memorandum 25-09

Date:      December 1, 2025
From:     Michelle Graves
               Director, Mortgage Operations
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SELLING GUIDE REVISIONS: CONTACT UNDERWRITING
(Anchorage Only: 907-330-8400/ Outside Anchorage: 888-854-3884)

BUY NOW PAY LATER (BNPL)
(Section 4001.02, 4005.02.E, 4005.03.D)

The guide has been updated to address this new method of obtaining debt.  All applicable debts must be included in the borrower’s debt-to-income ratio.  If the liability has less than 10 months remaining, the lender must request an exception to omit the debt from liabilities prior to AHFC loan commitment. 

Maximum Loan Amount
(Sections 5000.04.A, 5001.04.A, 5003.04.A, 5004.04.A, 5005.04.A, 5006.04.1)

Maximum loan amounts for 2026 have been updated and apply to loans delivered to AHFC for purchase on or after January 1st, 2026 (even if originated prior to 1/1/2026)

Financing	single-family	duplex	triplex	fourplex
Conventional	$1,374,037*	$1,599,375	$1,933,200	$2,402,625
VA	As determined by VA
FHA/HUD/RD	As Determined by FHA/HUD/RD

*For the Rural Owner-Occupied loan program (Section 5001.04.A), the AHFC 10% increase to the single-family maximum loan amount does not apply; therefore, the maximum loan amount for single-family rural loans is $1,249,125. The rural duplex, triplex, and fourplex maximum loan amounts are as shown in the chart above.