Qualifications. — Guam Code § 4402
Guam Code § 4402 — Qualifications.. Reproduced from the official Guam Code Annotated, with a citation summary, verification link, and related provisions.
§ 4402. Qualifications.
To qualify for the program set out in this Article, the
applicant must be a qualified resident and First-time Home
Owner as defined in this Chapter. Applicants must demonstrate
that they will not be able to obtain first mortgage loans from
mortgage lending institutions on the basis of not having
sufficient assets to use as a Down Payment for the loans. Those
applicants that demonstrate that they will not be able to obtain a
first mortgage loan but can be approved by a mortgage lending
institution if they obtain a mortgage loan guarantee from GHC
are eligible for a loan guarantee under this Article; provided, that
the mortgage lending institution approves the applicant
contingent upon the approval of a loan guarantee from GHC.
Source: official Guam text · Last verified 2026-08-27
At a glance
- Citation: Guam Code Annotated § 4402
- Jurisdiction: Guam
- Code: Guam Code Annotated
- Subject: Qualifications.
- Text: transcribed from the official source (verify below)
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Statute text is transcribed from the official Guam Code Annotated. Confirm it against the primary source before relying on it:
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Common questions
What is the source of Guam Code Annotated § 4402?
The text above is transcribed from the Guam Code Annotated, the codified statutes of Guam. The official publisher link appears under "Verify the text" on this page.
What subject does Guam Code Annotated § 4402 address?
It addresses "Qualifications.". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Guam Code Annotated § 4402 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Guam source before relying on this text.
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