Buying a home in Guam—whether you’re relocating for military orders, investing in Guam real estate, or settling down long-term—can be one of the most exciting chapters of your life. But it can also go sideways quickly if you’re not careful during the loan process.

Over the years, we’ve seen many Buyers lose their mortgage approval over small, avoidable decisions. So today, our TEAM is sharing 11 things you should never do if you’re buying a home in Guam, especially if you’re relying on a VA loan, FHA loan, or any conventional mortgage.

These tips apply whether you’re a first-time homebuyer, military family PCSing, or an off-island investor navigating the Guam real estate market from afar.

Let’s help you stay on track to closing day:

 1. Opening a new credit card (even for the discount!)

This is a common mistake for first-time Buyers in Guam. A store credit card inquiry can ding your score and raise red flags. That 10% off coupon? Not worth the risk.

 2. Paying off large debts without checking with your lender

We get it—it feels like the responsible thing to do. But depending on how your debt-to-credit ratio is calculated, a large payoff could work against you. Always confirm first.

3. Making large cash deposits

Whether it’s a gift from family or savings from off-island, any undocumented cash deposits will get scrutiny from the lender. They’ll want a clear paper trail, especially in Guam where financial systems are closely monitored.

4. Switching jobs (or becoming self-employed)

This one hits harder on an island like Guam. Even a promotion or higher-paying job can stall your loan. Lenders need job stability—especially in remote markets.

 5. Ignoring requests from your lender

Yes, the paperwork feels never-ending. But every delay in documents means a delay in closing. Our TEAM is here to help you stay ahead of the curve and avoid last-minute surprises.

 6. Buying a car

It happens all the time. You’re pre-approved and feeling good… and then you drive off the lot with a new ride. That new auto loan throws off your debt-to-income ratio and can jeopardize your home loan—especially with VA Buyers on Guam.

7. Overdrafting your bank account

Even small overdrafts can raise questions. Lenders want to see stability, not red flags. Guam-based lenders especially keep a close eye on account activity.

8. Transferring large sums between accounts

Planning to combine accounts with a spouse or partner? Moving funds from off-island? Make sure everything is documented. Unexplained transfers cause unnecessary delays.

 9. Changing your marital status mid-process

Whether you’re getting married, separated, or divorced while house-hunting on Guam, your lender must be informed. It affects title, loan structure, and more.

 10. Co-signing a loan for someone else

Even if it’s just “helping out,” co-signing means you’re legally responsible for that debt. Your mortgage lender counts it—regardless of who’s making the payments.

11. Loaning money to someone else

This one is especially common in close-knit Guam communities. But even if you’re confident you’ll be repaid, the lender sees that money as gone. It lowers your cash reserves and raises questions about your financial readiness. 

Bonus Guam Real Estate Tip:

Being pre-approved doesn’t mean you’re in the clear. Lenders in Guam often re-check your credit and finances right before closing. That last-minute check is the one that can make or break your deal.

Buying a home on Guam is a team effort—and our TEAM is here to guide you every step of the way.

Whether you’re military, local, or investing from off-island, we’re here to help you avoid common missteps, stay on top of your mortgage process, and get those keys with confidence.

Have questions about Guam real estate or your loan process?

Let’s connect. Our TEAM works closely with trusted lenders, inspectors, and title companies to help you move forward—smoothly, strategically, and with peace of mind.

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Warmest regards,

Leah del  Mundo

Guam’s Exclusive 72Sold Certified Agent

Guam’s First AI Certified Agent