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HOME PROGRAM
FIRST TIME HOMEBUYER'S DOWN PAYMENT
AND CLOSING COST ASSISTANCE PROGRAM
First Time Homebuyer's Down Payment and Closing Cost
Assistance Program has been made available by Guam Housing
and Urban Renewal Authority (GHURA) to provide assistance
to eligible residents of the territory of Guam who are
considered First Time Home Buyers, to purchase or construct
a primary owner-occupied dwelling. This is an interest
free loan and the maximum loan amount shall be the lesser
of $18,000.00 or 18% of the purchase price. Assistance
will be provided utilizing funds made available through
the HOME Investment Partnership Act (HOME Investment
Partnership Program) as created by the National Affordable
Housing Act of 1990 ( NAHA ).
The total household income must not exceed 80% of the
median income limits as established by HUD and the market
value of all HOME assisted property must not exceed
95% of the median purchase price for the territory of
Guam. Eligible applicants must also successfully complete
GHURA's First Step Homeownership Education Program.
For more information, please contact GHURA, Community
Development Division at 475-1302/18/19/21.
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ARRA
