First-time homeowners assistance program requirements

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P.O. Box 3457, Hagåtña, Guam 96932


Kotporasion Ginima’ Guåhan



  1. Must be a First Time Homeowner for five (5) years preceding the commencement date of the application

  2. Must be a US Citizen or a Permanent Resident Alien

  3. Must be a resident for Five (5) years preceding the commencement date of the application.

  4. Must submit signed Purchase Agreement or Construction Contract

  5. Must attend Homeownership Education Workshop: (below is a list of the company administering the workshop or you may take the online workshop:

  1. Community First Credit Union – Mike Finona

  2. Micronesia Community Development Corporation – Carlos Camacho

  3. Online Workshop: link – (Please select Guam as your state / country, then select Micronesia Community Development Corporation)

  1. Lender must be a Participating lending institution for the First-Time Homeowner Assistance Program


  1. Purchase Agreement or Construction Contract

  2. Application

  3. Affidavit (please indicate citizenship) If married, spouse must sign affidavit.

  4. Verification of Residency

  5. Department of Revenue & Taxation Clearance (Income Tax Division & Real Property Tax Division)

  6. Certificate of Homeownership Education Workshop – (Must provide a copy of the paid receipt).

  7. Bank Documents:

  • Commitment Letter

  • Down Payment & Closing Cost Breakdown (Truth-In-Lending Disclosure Statement)

  • Letter of Participation from Lender (Bank), if not a Participant

  • Provide letter or document if applicant(s) is / are receiving any assistance for closing cost (i.e. gift letter)

  1. Passport Copy – (Must provide copy for all applicant’s)

Note: If purchasing property, purchase agreement must be submitted along with Construction Contract.

Application will not be processed until all required documents are submitted.

Total cost cannot exceed $250,000.00 (Purchase Agreement or Construction Contract to include closing cost fees)

590 S. Marine Corps Drive, Ste. 514 ITC Building, Tamuning, Guam 96931

Telephone Number (671) 647-4143/46 Fax Number (671) 649-4144

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