Seller/Servicer Memorandum 23-19

Date:               December 11, 2023

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)

Wastewater systems
(Section 2001.12.B and 8001.02.13)

We have updated our guide regarding the documentation required for wastewater systems.  Previously AHFC accepted a copy of the Documentation of Construction stamped as “received” by DEC, which was acceptable.  

AHFC will now accept one of the following items to confirm the system meets ADEC requirements:

•    A copy of the State of Alaska Department of Environmental Conservation of Construction from a Civil Engineer (PE), a Board-Certified Environmental Engineer (BCEE), or a Certified Installer (CI); 

•    An inspection report from a Civil Engineer (PE), a Board-Certified Environmental Engineer (BCEE), confirming the system is functioning adequately AND meets ADEC regulatory requirements, or;

•    An “Approval to Operate” issued and signed by ADEC, with the engineering design attached. The Approval to Operate is typically a letter from ADEC.  

The Lender must ensure the system is suitable for the number of bedrooms in the property.

Second Mortgage Program 
(Section 5008.04, PUR-84s) 

The maximum loan amount for the Second Mortgage Program has been increased to $574,912.