All loans originated under the Alabama Housing Finance Authority (AHFA) programs must include a full appraisal, regardless of Loan-to-Value (LTV), Combined Loan-to-Value (CLTV), or Automated Underwriting System (AUS) findings. Appraisal waivers are not permitted under any circumstances.



Key Requirements:

• A full appraisal is required on all AHFA loans, regardless of loan parameters.
• Automated Appraisal Waivers are not allowed, even if AUS findings suggest eligibility.
• Lenders must ensure the appraisal is completed by a qualified appraiser in accordance with agency and program guidelines.
• Loan files must include the full appraisal report to ensure compliance with AHFA requirements.

If you have any questions, please contact Brian Hunt, bhunt@ahfa.com.