July 2023 Lender News from AHFA

Kids' Art Contest Wraps Up Homeownership Month

And the winners are ...

Carla Nedoma, 11, of Pelham

Emma Cho, 8, of Pike Road

Makenzie Deanes, 10, of Madison

Zijiao Wu, 9, of Madison

In celebration of National Homeownership Month, we invited young artists to submit an original work illustrating a lesson in financial literacy and featuring our mascot, Bud.

AHFA's 2023 Kids' Art Contest drew excellent artwork from Alabama children between the ages of 5 and 12. AHFA Single-Family Administrator Carrie Hamaker praised the high quality of this year’s contest submissions.

“All of the 2023 entries we received were excellent,” she said. “The children’s work is colorful and creative. Each young artist displayed a unique understanding of financial concepts that can sometimes be difficult, even for adults.”

Winners will be presented with deluxe art supply sets and Kiwi Crate activity kit subscriptions in person later this month.

To learn more about AHFA Kids programs and financial literacy, visit www.ahfa.com/ahfa-kids.

Top 3rd Quarter Lender Results Revealed

Leading Lenders

The top Leading Lenders for the third quarter of FY23 are, in alphabetical order:

Top Participating Lending Company

Guild Mortgage is our Top Participating Lending Company for the third quarter of FY23, closing the most home loans this quarter using our homeownership financing options.

We asked Guild Mortgage lenders to share their tips for homebuyers with children. Stay tuned to our social media channels for their answers.

Redesigned Partner Flyers

Now Available for Your Customization

We recently redesigned our homeownership product partner flyers. These customizable flyers inform Alabama homebuyers about each AHFA program, feature similar branding elements, and serve as companion pieces to rack cards we can also make available to you upon request.

The flyers allow our lending and real estate partners to input their contact information prior to printing.

They are available for download in Lender Online, or you can contact AHFA's Communications Department at communications@ahfa.com to request your free digital files. Order yours today!

New FHA Multilingual Homebuyer Resources Improve Communication with Non-English-Speaking Customers

Expand your reach with a set of FHA materials newly translated for your home-buying customers with limited English proficiency. Available in Chinese, Korean, Spanish, Tagalog, and Vietnamese, the topics in the “Dispelling Homebuying Myths” series include:

Finding the Right Home
Qualifying for a Loan
Tips for Buying Your First Home
Affording a Home

Click HERE to download these free resources and more.

Let's Connect! Education Session Draws a Crowd in Mobile

A July 6 realtor education event in Mobile attracted a great turnout with tons of agent interaction and questions!

Thanks to Rachel Nufrio, broker for Exit Allstar Realty, and the team at Southpoint Mortgage (Regina Fraley, TJ Fraley, and Patrick Nola) for coordinating the event and providing lunch.

As always, special thanks to Freddie Mac's representative, Affordable Lending Manager James Hall, for joining us and helping us share about the benefits of our homebuyer programs and how they can help real estate professionals sell more homes.

Are you a mortgage professional or Realtor and want to know more about AHFA programs? AHFA offers on-site training on our programs that covers borrower and property eligibility, processing, documentation, income calculations and more. To schedule an informational visit or training session, simply email Alana Beaugez at abeaugez@ahfa.com.

Alabama Housing Finance Authority | www.AHFA.com