Due to high demand, GCEFCU is not accepting mortgage refinance applications at this time. Please check back at a later date.

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

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

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

 

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

 
Home Equity Loan Officer - Bre Rife

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

 Apply for a Home Equity Loan

 

 

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.

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

Jeannette LaRue
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.

Land Loans


Land Loans

Found that perfect retirement spot, but not quite ready to build? A land loan may be for you.

Found that perfect retirement spot, but not quite ready to build? A land loan may be for you.

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.

Ready to purchase, apply online below or contact our land loan expert.

 

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

 

apply
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

Here at GCEFCU, we pride ourselves on the high level of service we provide our members. We want every interaction that you have with your credit union to be excellent, whether it be depositing a check in the drive-thru or financing your home. Due to an influx of recent mortgage loan applications, we feel that it is only appropriate to halt accepting any new mortgage refinance applications so that we may continue to provide top quality service to our members.

If you have any questions or would like to be contacted once we resume accepting mortgage refinance applications, you may send an email to realestate@gcefcu.org.

Thank you for your patience and understanding!

Required Documents


Required Documents

The following documents are REQUIRED to process the loan:

  • Executed credit application
  • Current pay stub (last two (2) years tax returns if self-employed, retired, or income is from commissions)
  • Mortgage statement(s) to show current mortgage loan balances and payments
  • Most recent tax appraisal or tax statement
  • Deed of trust
  • Proof of Homeowners Insurance

FAQs


Frequently Asked Questions







Home loans, mortgages, land loans, real estate loans