To qualify for the Interest Free Loan program, an individual “or family must show evidence of rejection from three (3) commercial mortgage lending institutions and be unable to qualify on the basis of income for GHC’s regular lending program. Applicants under this section are not eligible for the six percent (6%) loan program authorized by Public Law 20-210.
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ARTICLE 4 GUAM HOUSING MORTGAGE INSURANCE CORPORATION
SOURCE: This entire Chapter was added by P.L. 21-99:6.