November 2023 Lender News from AHFA

Bud's a Winner! 'AHFA Kids' Earns National Recognition

AHFA's children's financial literacy outreach program, AHFA Kids, was recently honored as an outstanding integrated communications campaign with an award from the National Council of State Housing Agencies.


The Awards for Program Excellence honor state housing finance authorities annually for their exceptional public-purpose programs and practices. The mission of this prestigious program is to recognize exemplary HFA efforts, encourage innovation, identify industry best practices, and facilitate information sharing among HFAs.


AHFA Kids inspires and empowers children to develop informed money habits, setting them up for greater success as adults. Produced entirely in-house, our classes, videos, games, and other activities proactively present financial literacy concepts in entertaining and interactive ways.


Congratulations to the team that brings Bud and AHFA Kids to life, and thanks to everyone who has supported AHFA's 'fun'ancial literacy program.


Are you interested in hearing the latest AHFA Kids news and announcements about upcoming events? Join our mailing list here.

Reminder: Pre-Filled Info Required on IRS Form 4506-C

IRS Form 4506-C is a required document that must be submitted in the closed loan package for all conventional loans being reviewed for purchase by AHFA/ServiSolutions.


AHFA/ServiSolutions requires lenders to utilize our pre-filled 4506-C which contains information of our vendor referenced in section 5 of the form. 


The form is also located on our AllRegs page under the “Housing Finance Agency Programs” tab on the left side of the page. When selected, additional tabs will open for each state, and the form can be accessed under the “ServiSolutions Documents for the HFA” subtab. 


Alternatively, lenders may use their own form with our vendor’s information in section 5 of the form.


If the completed/executed form provided in the closed loan package does not contain the information from our pre-filled 4506-C form, AHFA/ServiSolutions will charge an additional $55 fee, which will be deducted from the wire when funding the loan. This change is effective on loans closing on or after October 25, 2023. 

Welcome New Participating Lenders!

We are pleased to welcome five participating lenders to the Step Up program this month. These lenders now can offer their customers more down payment assistance and grants toward closing costs through AHFA. If your company would like to inquire about participation in any of AHFA’s single-family financing programs, please contact us at lenderhelp@ahfa.com. 


Lenders & Realtors, Let's Connect! We'll Come to You!

Are you a mortgage or real estate professional who wants 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.

November 2: Tuscaloosa Association of Realtors Affiliate Expo

November 3: Lender visit with Mortgage Right, Birmingham

November 8: Realtor training with RealtySouth, Birmingham

November 11: Birmingham Realtist Association Community Wealth Building Day

November 14: Realtor training with James Hall of Freddie Mac, Mallory Murphy of United Community Mortgage in Florence, and the Shoals Area Association of Realtors

Coming in December: Holiday pretzel deliveries have begun. BOLO for the AHFA elves!

Current Interest Rates


Below are the current Step Up interest rates:

  • FHA / VA: 7.500%
  • CONV-Freddie Mac: 8.000%


Rates are subject to change without notification.

Holiday Office Closings


The AHFA offices will be closed on the following dates in observance of holidays: 

  • Thanksgiving: Thursday, Nov. 23 & Friday, Nov. 24
  • Christmas: Friday, Dec. 22 & Monday, Dec. 25
Alabama Housing Finance Authority | www.AHFA.com
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