100% Financing, No Down Payment, & No PMI

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 all of 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


Purchase Your New Home In 8 Easy Steps

  1. Review your budget. Many times, mortgage payments can cost the same, or even less than renting.
  2. Speak to a GCEFCU mortgage professional with any questions.
  3. Get Pre-Approved. You can get your application started by clicking here.
  4. Start house hunting and hire a real estate agent.
  5. Make an offer.
  6. Gain lenders final approval.
  7. Get a home inspection.
  8. Close the deal!


Meet Your Mortgage Loan Experts:

For information about our mortgage loans including current rates, contact one of the credit union’s mortgage loan officers:

Jeannette LaRue
NMLS# 755123


Bob Hedrick
NMLS# 198267




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 an accredited school district within GCEFCU’s field of membership. You must have a credit score of 680 or higher, and a 45% debt-to-income limit. Maximum loan amount is $300,000. GCEFCU membership is required. Other conditions may apply. Contact GCEFCU Real Estate Loan Officer for details. GCEFCU NMLS#: 403220.