Classroom Supplies Loan

Educator Loans to Purchase Classroom Supplies

Keeping the classroom supply cabinet fully stocked can be expensive, especially with today’s extensive budget cutbacks. Because of this, teachers tend to spend their own money to purchase these supplies and teaching materials for their classroom. We pick up where the school district leaves off. We offer one-year educator loans up to $1,000 that we hope will help teachers afford the task of creating a teaching environment that meets their exceptional standards.

APR RATE RANGE: 1.99% – 9.99%*
TERM: 12 months
AMOUNT: up to $1,000

 


TERMS AND CONDITIONS: *APR = Annual Percentage Rate. Certain credit qualifications may apply for educator loans. In addition, member must present valid work contract, paycheck stub, or other proof of school district employment at time of loan origination. Only one classroom supplies loan may be originated at a time. No loan discounts. Members are required to have Direct Deposit and set up automatic payment or scheduled transfer (Online Banking). Payment Example: 12 monthly payments of $87.87 per $1,000 borrowed at 9.99%.

Relocation Loan

Educator Loans for Relocating to a New Place

This loan would greatly benefit new school district employees as they begin their careers. We created this loan to help make housing and relocation expenses more affordable. This low interest loan can be used for expenses such as moving costs, first month’s rent or security deposit, or in any other way you need to comfortably settle into a new home. New teachers will find it a great relief to get a loan for $5,000 with three years to pay it off. The Teacher Relocation Loan gives new teachers who are just starting out a great way to get settled in to their new careers.

APR RATE RANGE: 1.99% – 9.99%*
TERM: 36 months
AMOUNT: up to $5,000

 


TERMS AND CONDITIONS: *APR = Annual Percentage Rate. Certain credit qualifications may apply for educator loans. In addition, member must present valid work contract at time of loan origination. Work contract must be dated within 6-months of loan origination. Only one relocation loan may be originated at a time. No loan discounts. Members are required to have Direct Deposit and set up automatic payment or scheduled transfer (Online Banking). Payment Example: 12 monthly payments of $87.87 per $1,000 borrowed at 9.99%.

Professional Development Loan

Educator Loans to Further Your Career

This is a five-year loan up to $10,000. We understand that pursuing an advanced degree or professional certificate is an expensive endeavor for school employees striving to further their educational career, so we want to help. We want to assist in your efforts to reach your educational goals and offer this loan product to help pay for tuition, books and other expenses associated with continued education.

APR RATE RANGE: 1.99% – 9.99%*
TERM: 60 months
AMOUNT: up to $10,000

 


TERMS AND CONDITIONS: *APR = Annual Percentage Rate. Actual rates may vary based upon credit qualifications and are subject to change without prior notice. Loan only available to current school district employees. Member must present valid work contract, paycheck stub, or other proof of school district employment at time of loan origination. In addition, a copy of current tuition expenses must be presented prior to loan. The credit union will refinance original loan on a semester-by-semester basis, based on current tuition expenses, up to $10,000. No loan discounts. Members are required to have Direct Deposit and set up automatic payment or scheduled transfer (Online Banking). Payment Example: 24 monthly payments of $46.16 per $1,000 borrowed at 9.99%. Terms and conditions subject to change without notification.

First Year Teacher Loan

First Year Teacher Loans

This is a loan to help brand new, first year teachers bridge the gap between accepting a job with a district and their first paycheck.

APR RATE RANGE: 1.99% – 9.99%*
TERM:   up to 6 months for $500
up to 9 months for $1000
up to 12 months for $1500
QUALIFICATIONS: Must be a first year teacher with a new teacher contract and completed direct deposit form.

 


TERMS AND CONDITIONS: *APR = Annual Percentage Rate. Certain credit qualifications may apply for educator loans. In addition, member must present valid work contract, paycheck stub, or other proof of school district employment at time of loan origination. Members are required to have Direct Deposit and set up automatic payment or scheduled transfer (Online Banking). Payment Example: 12 monthly payments of $87.87 per $1,000 borrowed at 9.99%.

Teacher Mortgage

Teacher Mortgage

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. In addition, you can also refinance your current mortgage to a Teacher Mortgage. 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
  • $350K maximum loan amount
  • $0 down payment required
  • Member can use seller credit to cover closing costs
  • No Private Mortgage Insurance

 

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 $350,000. Other conditions may apply.