Seller/Servicer Memorandum 23-05

Date:        February 3, 2023
From:        Jan Miyagishima
                  Director, Mortgage Operations

Clarification on AHFC’s Minimum Down payment  

Minimum Down Payment Contribution 
(Section 4006.01)

This section has been updated to clarify a borrower’s minimum down payment on Conventional loans and the use of gift funds.