Seller/Servicer Memorandum 22-12

Date:        November 10, 2022

From:        Jan Miyagishima
                  Director, Mortgage Operations

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

UND-3 Update

The UND-3 has been updated to add a checkbox for a non-occupying co-signer. This will help clarify if there is a non-occupying co-signer on the loan. 

Eligible borrowers: Rural Non-Owner Occupied Loan Program & Military Facility Zone Loan Program  (Section 5005, Section 5014)

When a business is the purchaser on a transaction, AHFC requires the owner(s) of the business to be an Alaska resident. 

Attachments
•    UND-3