AHFC Increases Loan Limits and Streamlines Second Mortgage Programs for Alaskans

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By Alaska RealEstateRama -

ANCHORAGE, AK – June 9, 2011 – (RealEstateRama) — Alaskans now have streamlined options for a second mortgage for home improvements. Alaska Housing Finance Corporation’s (AHFC) board of directors has approved the consolidation of various second mortgage programs into a single program that allows for property values to be determined by a method other than a new appraisal for loans up to $100,000 that do not exceed a combined loan-to-value of 75 percent.

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