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

 

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:

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

 

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

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

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