Mortgage Loans

Mortgage Loans

When it comes to buying a new home or refinancing your existing mortgage, no one puts you more at ease than Gulf Coast Educators. We are here to help you each step of the way from loan pre-approval through closing.

Small Rates For Your Big Plans

  • Conventional fixed rate mortgage – same low rate for the life of your loan
  • Quick approval process
  • Refinancing available
  • Land Loans
  • Teacher Mortgage Loans
  • Second Home Loans for vacation properties

 

Our Mortgage Loan Experts Can Help With Any Questions

Our Mortgage Loan Experts are here to help you every step of the way. If you have any questions, please do not hesitate to reach out to them. When you are ready to apply for your home loan, click any of the Apply buttons below.

Bre Rife
NMLS# 1149825
832-327-8159
brife@gcefcu.org

 

Jeannette La Rue
NMLS# 755123
281-436-5260
jlarue@gcefcu.org

 

Bob Hedrick
NMLS# 198267
281-925-4149
bhedrick@gcefcu.org

 

 


As a reminder, do not send confidential information, such as member number, social security number, etc. in an e-mail message. APR = Annual Percentage Rate.

Teacher Mortgage

Teacher Mortgages

If you are a teacher looking to buy a home, you are in luck. With a Gulf Coast Educators FCU Teacher Mortgage, you can finance your new home up to 100%, with no down payment or PMI required. To see if this is the right fit for you, check out the qualifications below.

  • Must be a current teacher or administrator with at least two years of teaching experience in a public school district
  • 680 or higher credit score
  • 45% Debt-to Income limit
  • $300K maximum loan amount
  • $0 down payment required
  • Member can use seller credit to cover closing costs
  • No Private Mortgage Insurance
  • If you already own a home, you can refinance it with a Teacher Mortgage Refi.

 

Our Teacher Mortgage Loan Experts Can Help With Any Questions

Our Teacher Mortgage Loan Experts are here to help you every step of the way. If you have any questions, please do not hesitate to reach out to them. When you are ready to apply for your home loan, click any of the Apply buttons below.

Bre Rife
NMLS# 1149825
832-327-8159
brife@gcefcu.org

 

Jeannette La Rue
NMLS# 755123
281-436-5260
jlarue@gcefcu.org

 

Bob Hedrick
NMLS# 198267
281-925-4149
bhedrick@gcefcu.org

 

 


As a reminder, do not send confidential information, such as member number, social security number, etc. in an e-mail message. APR = Annual Percentage Rate. To apply for a Teacher Mortgage Loan, you must be a current teacher or administrator with at least two years of teaching experience in a public school district, have a credit score of 680 or higher, and a 45% debt-to-income limit. Maximum loan amount is $300,000. Other conditions may apply.

Land Loans

Land Loans

Found that perfect retirement spot or weekend getaway but not quite ready to build?  In many cases, land values rise so if you put off purchasing now, that same piece of land can cost much more in just a few years.

A land loan from your credit union can help you secure that land with a 20% down payment and terms up to 15 years.

 

Our Land Loan Experts Can Help With Any Questions

Our Land Loan Experts are here to help you every step of the way. If you have any questions, please do not hesitate to reach out to them. When you are ready to apply for your home loan, click any of the Apply buttons below.

Bre Rife
NMLS# 1149825
832-327-8159
brife@gcefcu.org

 

Jeannette La Rue
NMLS# 755123
281-436-5260
jlarue@gcefcu.org

 

 


As a reminder, do not send confidential information, such as member number, social security number, etc. in an e-mail message. APR = Annual Percentage Rate. Actual rates may vary based on credit qualifications. A land loan of $50,000 for 15 years at 3.00% APR will have a monthly payment of $345.70.

Refinance

Refinancing Your Mortgage

Interested in refinancing your current mortgage loan? We can help! Whether your current mortgage is with us or financed somewhere else, our mortgage loan experts can help you every step of the way.

Your Refinance Options:

  • Better Rate – Refinance your mortgage to get a better rate and lower your monthly payment, shorten your term to pay your loan off faster, or both.
  • Get Cash Back – Refinance your mortgage and use the equity built up to get cash back to make big purchases, such as home improvements, college tuition, pay off debts, and more.
  • Teacher Mortgage Refi – If you are a teacher looking to refinance your mortgage, you are in luck! With a Gulf Coast Educators FCU Teacher Mortgage Refi, you can refinance your home up to 95%, with no PMI required.

 

Your Mortgage Refinance Loan Officers

Your mortgage refinance loan experts will guide you through each step of the application and funding process.

Victoria Martinez
NMLS# 1986928
281-436-5339
vmartinez@gcefcu.org

 

Trisha De La Rosa
NMLS# 1894943
281-436-5242
tdelarosa@gcefcu.org

 

 


As a reminder, do not send confidential information, such as member number, social security number, etc. in an e-mail message. APR = Annual Percentage Rate. To apply for a Teacher Mortgage Loan, you must be a current teacher or administrator with at least two years of teaching experience in a public school district, have a credit score of 680 or higher, and a 45% debt-to-income limit. Maximum loan amount is $300,000. Other conditions may apply.

Documents

Required Documents

Before you start your loan pre-qualification process, you will need the following documentation for your loan officer to review.

General Documentation:

  • 30 days worth of paystubs dated within 30 days of your application date (*GCEFCU cannot use direct deposit information for mortgage applications)
  • 2 years worth of W2s, 1099s, etc.
  • 2 years worth of tax returns (if self-employed, collecting rental income, or required by loan officer)
  • Documents reflecting retirement income or benefits being collected (award letters, 1099s, statements, etc.)
  • 2 months worth of bank statements from the account(s) you are seeking use for closing cost/down payment
  • 2 forms of valid government identifications

New Mortgages:

  • Copy of your contract
  • Copy of earnest money check
  • Proof of earnest money check clearing your account (once available)

Mortgage Refinances:

  • Most recent mortgage statement (if applicable)
  • Deed of Trust(s) on your home(s) (if applicable)
  • Current homeowners, windstorm, and/or flood insurance policies for each property owned

Miscellaneous:

  • If you own more than one property, please provide the mortgage statement, insurance policies, and/or rental agreements (if applicable)
  • If you have student loans in deferment please provide documentation on the terms or your student loan(s).

 

Miscellaneous Forms

Once you have started your mortgage loan process, you may be required to submit additional forms. The most commonly requested forms are listed below:

FAQs

Frequently Asked Questions































Home loans, mortgages, land loans, real estate loans