Home finance program in the pipeline for families with higher income

BY JOY WHITE

Journal Staff

A new financing program will be introduced into the Guam real estate market in approximately six months, according to Carlos V. Camacho, executive director of Micronesian Community Development Corp., who is working to implement the program. 

Camacho spoke at the Guam Association of Realtors membership meeting on Aug. 31 outlining the program. Once the details are finalized and the first transaction has been made, all realtors and real estate agents can utilize the program, he said. 

The program creates a sliding scale to qualify eligible buyers for an additional $30,000 . . .

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