Happy National Homeownership Month!
June is National Homeownership Month! AHFA joins the housing community in celebrating this observance promoting the American dream of owning a home. We thank our participating lenders for using our programs to help make buying a home more affordable for Alabama families.
Most Frequent Loan Purchase Suspense Trends
This month's most frequent loan purchase suspense trends are:

  1. Completed and signed 4506-T for all borrowers (Conventional), Section 5 should read: ALABAMA HOUSING FINANCE AUTHORITY, PO BOX 242697, MONTGOMERY, AL 36124-2967
  2. Missing Alta 9 endorsement or cleared survey on title commitment
  3. Missing a stamped, certified true copy of the Down Payment Assistance (DPA) Deed of Trust or evidence that is has been recorded.
  4. Missing third-party verfiication of employment address and phone numbers
  5. For Missouri loans only: Missing MHDC Approval Form #195
ICYMI: AHFA's Processor of the Year
Alabama Housing Finance Authority is pleased to announce effective June 1, 2019, we brought back the AHFA Processor of the Year competition. 

Processor of the Year is an award earned by the processor who has submitted the most “perfect” Step 2 compliance packages in the calendar year. Each time a processor submits a perfect compliance package, they will receive a postcard from our compliance staff congratulating them on the perfect submission.

A “perfect” submission is one where the Compliance Department does not have to ‘pend’ for any additional documentation prior to issuing the final approval. At the end of the year, the processor with the most “perfect” submissions will receive special recognition as the AHFA Processor of the Year!

If you have any questions about this information, please contact Lisa Treece at ltreece@ahfa.com .
Upcoming Training Opportunities
AHFA is hosting the following lender trainings during June:

Want To Know More About AHFA Programs?
We'll come train you on the benefits of our homebuyer programs and how to utilize them. Our Step Up down payment assistance program and Mortgage Credit Certificates help make homebuying more affordable and help more people qualify to buy a home.

Want to know the details? We offer onsite, in-person training for all mortgage professionals! These classes include training on our programs, borrower and property eligibility, processing, documentation, income calculations and more.

Contact us today to schedule a date and time! Email Cathy James at   cjames@ahfa.com .