Single-Family SS Memo 18-02
Date: February 6, 2018
SELLING GUIDE REVISIONS: CONTACT UNDERWRITING
(Anchorage Only: 907-330-8400/ Outside Anchorage: 888-854-3884)
Minimum Down Payment Contributions
AHFC no longer requires homebuyer education when gift funds are used to meet minimum down payment requirements.
HomeChoiceTM and HomeStudy
(Sections 1004.08, 1004.08.A and 1005.09.C)
AHFC is pleased to announce it will accept either the HomeChoiceTM or HomeStudy certificate to be eligible for the waiver of a portion of the commitment fee, up to a maximum of $250. The borrower may complete the homebuyer education class prior to loan closing rather than loan commitment.
Effective February 1, 2018, HomeChoiceTM will be modified from an 8-hour class to a 6-hour class. The curriculum has been streamlined and targets the key components of the home purchase process.
GUIDE REVISIONS: CONTACT UNDERWRITING
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