{"data":{"id":"us-gu/12-gca-4206.1","jurisdiction":"us-gu","citation":"12 GCA § 4206.1","heading":"3/2 Down Payment Option.","body":"To the extent allowed by the Financial Institution, an applicant may qualify for a grant or an unsecured Interest Free Loan equal to an amount not exceeding Five Percent (5%) of the lower of the appraised value or the selling price of a Home financed under the provisions of this Article. The funds for grants or loans under this subsection shall come from the Community Affordable Housing Action Trust as defined in § 4209 of this Article. The maximum loan or grant shall be five percent (5%) of the lower of the appraised value or the selling price of the Home financed not to exceed Five Thousand Dollars ($5,000). The Financial Institution may include the repayment of the unsecured Interest Free Loan in the borrower’s total debt qualifying ratio.","path":["Title 12: Autonomous Agencies","Division 1 - Autonomous Agencies","Chapter 4: Guam Housing Corporation","ARTICLE 2: COMMUNITY AFFORDABLE HOUSING ACTION TRUST ACT"],"source_url":"https://col.guamcourts.gov/sites/default/files/12gc004.pdf","current_through":"P.L. 38-133 (June 4, 2026)","vintage":"","retrieved_at":"2026-09-27T03:21:58Z","sha256":"357bc9b25be63caf9c5572c4ea53aba70c8f644cdd7f8f99845288cc1972e6c0","source_id":"us-gu","stale":false,"prev":"us-gu/12-gca-4206","next":"us-gu/12-gca-4206.2"},"notice":"GroundRules: Original legal text. Not legal advice."}