Seller/Servicer Memorandum 22-11

Date:      October 4, 2022
From:     Jan Miyagishima
              Director, Mortgage Operations
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SELLING GUIDE REVISIONS: CONTACT UNDERWRITING 
(Anchorage Only: 907-330-8400/ Outside Anchorage: 888-854-3884)

Military Facility Zone Loan Program Update

AHFC is excited to announce that the City of Fairbanks is now an approved Military Facility Zone.  

The Military Facility Zone Loan Program was created to provide a financing option for investment properties in the Fairbanks area where there is an increased demand for housing created, in part, by the number of incoming military personnel.  The program will provide financing for qualified non-owner occupied duplexes, triplexes, and fourplexes located within a Military Facility Zone.  

The City of North Pole and the City of Fairbanks are currently the only two cities that are approved Military Facility Zones. 

This program started on September 1, 2021 with a sunset date of June 30, 2024.

Please see Section 5014 – Military Facility Zone Loan Program for additional details of the program.