Guam § 4402 - Qualifications.
Full text of Guam Guam Code Annotated § 4402 — Qualifications., with citation guidance and answers to common questions.
§ 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.
Frequently Asked Questions About Guam § 4402
What does Guam Code Annotated § 4402 cover?
Section 4402 ("Qualifications.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 4402?
A common citation format is "Guam Code Annotated § 4402" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 4402 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.