Mortgage Loan Options

Mortgage Loan

Purchasing a home
With advantages like low closing costs and fees, we make getting a home loan easier for you
  • Conventional fixed rate mortgage
  • Same low rate for the life of your loan
  • No application fee
  • Quick approval process
Apply

Educator Mortgage

Home loans for school employees
School employees can finance their home with a few extra perks
  • No down payment required
  • No Private Mortgage Insurance (PMI)
  • Finance the full cost of your home
  • An additional 3% can be financed, if needed, to cover closing costs.
Apply
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Mortgage Refinance

Refinance your existing home.
Choose the option that best fits your needs, and we’ll help you every step of the way
  • Refinance up to 95% of your home's value
  • Lower your monthly payment, shorten your term, or both.
  • Use the equity in your home to get cash back.
  • Quick approval process
Apply

Home Equity Loan

Put the equity in your home to use
Use the equity in your home to make a large purchase, like renovations, paying off debt, or more
  • Rates as low as 6.49% APR*
  • Terms up to 20 years
  • Financing up to 80% of your home’s value less any outstanding loans
  • Interest is usually tax deductible, just ask your tax advisor
Apply

Land Loan

Purchase the land now, build later
Found that perfect retirement spot or weekend getaway, but not quite ready to build?
  • 20% down payment
  • Terms up to 15 years
  • Quick pre-approvals
  • Low, flat origination cost
Apply

Special Loan Programs

Mortgage loan options for every stage of life.
We offer several special loan programs that allow you to purchase a home with little to no down payment & great rates
  • Educator Mortgage
  • 4% Down for First Time Home Buyers
  • 5% Down No PMI
  • Jumbo Loans
Apply
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More Loan Resources

Understanding Escrow

Understanding your escrow analysis statement for your mortgage can be confusing. Luckily, your friends at Gulf Coast Educators FCU are here to help. Click the button to learn more.

Learn More

Meet Your Loan Officers

Our Real Estate Loan Officers are here to help you every step of the way. Meet our team of experienced real estate loan officers by clicking the button.

Learn More

Confidentiality Disclosure – Please do not send confidential information, such as member number, social security number, etc. in an e-mail message.

Home Equity Loan Disclosure – *APR = Annual Percentage Rate. Actual rate may vary based on credit qualifications and terms of your loan. All rates are subject to change without notice. Taxes and insurance are not included. No other promotional discounts may be applied. Additional requirements may apply. A home equity loan of $50,000 for 5 years at 6.49% APR will have a monthly payment of $978.07.

Land Loan Disclosure – APR = Annual Percentage Rate. Actual rates may vary based on credit qualifications. A land loan of $50,000 for 5 years at 7.99% APR will have a monthly payment of $1,014.00. All rates are subject to change at any time.

Mortgage Disclosure – All property financed must be located in the state of Texas.

Educator Mortgage Disclosure – To apply for an Educator Mortgage Loan, at least one applicant must be a current teacher or school employee for at least 2 consecutive years at a Texas school district. All applicants must have a credit score of 680 or higher and a 45% debt-to-income limit. Applicants may finance up to 103% LTV. Additional 3% is to be utilized for closing costs only – No cash back and no “coverage” for a lower appraised home permitted. This program is intended for primary residences within the state of Texas only, not vacation homes or investment properties. Other conditions may apply.