Debt to Income Ratio

12 GCA § 4116, under Guam Housing Corporation.

12 GCA § 4116

The Guam Housing Corporation is hereby authorized to increase its debt to income ratio from thirty-eight percent (38%) to forty-one percent (41%) for the purpose of assisting more families in qualifying for mortgage loans. The debt to income ratio may be in conformance with other government programs, such as the Federal Housing Administration (FHA) and Veterans Administration residential mortgage loan programs. SOURCE: Added by P.L. 25-12:2.

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ARTICLE 2 COMMUNITY AFFORDABLE HOUSING ACTION TRUST ACT

SOURCE: This entire Article was added by P.L. 21-99:2.