HOME EQUITY LOAN APPLICATION AND CHECKLIST

Estimate how much you can borrow by completing the following worksheet: Appraisal value of your home	$  	
Multiply by 80%	X .80

Maximum Lien Amount	=   	

Subtract balance of existing liens	‐  	

Estimated amount available to borrow	=  	

Things to know:
The average home equity loan takes about a month complete
GCEFCU pays all normal closing costs
The need for an appraisal is determined on a case‐by‐case basis. If an appraisal is needed, you will be responsible for the non‐refundable $525 fee.
Appointments can be made with our Real Estate Loan Officer:
Bre Kenney
Real Estate Loan Officer NMLS# 1149825
P 832.327.8159 │ F 832.327.8175
bkenney@gcefcu.org
Items required with your home equity application: Most recent mortgage statement
Deed and/or release of lien (if you own home free and clear) 1 month of paystubs
2 years of tax returns (if you are self‐employed or paid commission) Declaration page of all insurance policies (homeowners, flood, & windstorm)

GULF COAST EDUCATORS FCU, NMLS# 403220	

Uniform Residential Loan Application
This application is designed to be completed by the applicant(s) with the Lender's assistance. Applicants should complete this form as "Borrower" or "Co-Borrower", as applicable. Co-Borrower information must also be provided (and the appropriate box checked) when the income or assets of a person other than the "Borrower" (including the Borrower's spouse) will be used as a basis for loan qualification or the income or assets of the Borrower's spouse or other person who has community property rights pursuant to state law will not be used as a basis for loan qualification, but his or her liabilities must be considered because the spouse or other person has community property rights pursuant to applicable law and Borrower resides in a community property state, the security property is located in a community property state, or the Borrower is relying on other property located in a community property state as a basis for repayment of the loan.
If this is an application for joint credit, Borrower and Co-Borrower each agree that we intend to apply for joint credit (sign below):

Borrower	Co-Borrower
I. TYPE OF MORTGAGE AND TERMS OF LOAN	
Mortgage	VA	Conventional	Other (explain):
Applied for:	FHA	USDA/Rural
Housing Service	Agency Case Number	Lender Case Number	
Amount
$	Interest Rate
%	No. of Months	Amortization Type:	Fixed Rate	Other (explain):
GPM	ARM (type):	
II. PROPERTY INFORMATION AND PURPOSE OF LOAN	
Subject Property Address (street, city, state, & ZIP)	No. of Units	
Legal Description of Subject Property (attach description if necessary)	Year Built	
Purpose of Loan	Purchase	Construction	Other (explain): Refinance	Construction-Permanent	Property will be:
Primary Residence	Secondary Residence	Investment	
Complete this line if construction or construction-permanent loan.

Year Lot Acquired

Original Cost

Amount Existing Liens	(a) Present Value of Lot

(b) Cost of Improvements	Total (a+b)

$	$	$	$	$

Complete this line if this is a refinance loan.
Year
Acquired	Original Cost

$	Amount Existing Liens

$	Purpose of Refinance	Describe Improvements	made	to be made

Cost: $	
Title will be held in what Name(s)	Manner in which Title will be held	Estate will be held in:
Fee Simple Leasehold(show expiration date)	
Source of Down Payment, Settlement Charges and/or Subordinate Financing (explain)		
Borrower	III. BORROWER INFORMATION	Co-Borrower	
Borrower's Name (include Jr. or Sr. if applicable)	Co-Borrower's Name (include Jr. or Sr. if applicable)	
Social Security Number	Home Phone (incl. area code)	DOB (mm/dd/yyyy)	Yrs. School	Social Security Number	Home Phone (incl. area code)	DOB (mm/dd/yyyy)	Yrs. School	
Married (includes registered domestic partners) Unmarried (includes single, divorced, widowed) Separated	Dependents (not listed by
Co-Borrower)
No. Ages	Married (includes registered domestic partners) Unmarried (includes single, divorced, widowed) Separated	Dependents (not listed by
Borrower)
No. Ages	
Present Address (street, city, state, ZIP/ country)	Own	Rent 	No. Yrs.	Present Address (street, city, state, ZIP/ country)	Own	Rent 	No. Yrs.	
Mailing Address, if different from Present Address	Mailing Address, if different from Present Address	
If residing at present address for less than two years, complete the following:
Former Address (street, city, state, ZIP)	Own	Rent 	No. Yrs.	Former Address (street, city, state, ZIP)	Own	Rent 	No. Yrs.	
Former Address (street, city, state, ZIP)	Own	Rent 	No. Yrs.	Former Address (street, city, state, ZIP)	Own	Rent 	No. Yrs.	

Uniform Residential Loan Application

Borrower		 Co-Borrower    	

Fannie Mae Form 1003 7/05 (rev. 6/09)

Freddie Mac Form 65   7/05 (rev. 6/09)	Page  1	Calyx Form - Loanapp1.frm (09/2013)

Borrower	IV. EMPLOYMENT INFORMATION	Co-Borrower	
Name & Address of Employer	Self Employed	Yrs. on this job	Name & Address of Employer	Self Employed	Yrs. on this job	
	Yrs. employed in this line of work/profession		Yrs. employed in this line of work/profession	
Position/Title/Type of Business	Business Phone (incl. area code)	Position/Title/Type of Business	Business Phone (incl. area code)	
If employed in current position for less than two years or if currently employed in more than one position, complete the following:
Name & Address of Employer	Self Employed	Dates (from-to)	Name & Address of Employer	Self Employed	Dates (from-to)	
		Monthly Income
$			Monthly Income
$	
Position/Title/Type of Business	Business Phone (incl. area code)	Position/Title/Type of Business	Business Phone (incl. area code)	
Name & Address of Employer	Self Employed	Dates (from-to)	Name & Address of Employer	Self Employed	Dates (from-to)	
		Monthly Income
$			Monthly Income
$	
Position/Title/Type of Business	Business Phone (incl. area code)	Position/Title/Type of Business	Business Phone (incl. area code)	
Name & Address of Employer	Self Employed	Dates (from-to)	Name & Address of Employer	Self Employed	Dates (from-to)	
		Monthly Income
$			Monthly Income
$	
Position/Title/Type of Business	Business Phone (incl. area code)	Position/Title/Type of Business	Business Phone (incl. area code)	
Name & Address of Employer	Self Employed	Dates (from-to)	Name & Address of Employer	Self Employed	Dates (from-to)	
		Monthly Income
$			Monthly Income
$	
Position/Title/Type of Business	Business Phone (incl. area code)	Position/Title/Type of Business	Business Phone (incl. area code)	
V. MONTHLY INCOME AND COMBINED HOUSING EXPENSE INFORMATION	
Gross Monthly Income	
Borrower	
Co-Borrower	
Total	Combined Monthly Housing Expense	
Present	
Proposed	
Base Empl. Income*	$	$	$	Rent	$		
Overtime				First Mortgage (P&I)		$	
Bonuses				Other Financing (P&I)			
Commissions				Hazard Insurance			
Dividends/Interest				Real Estate Taxes			
Net Rental Income				Mortgage Insurance			
Other (before completing, see the notice in "describe other income," below)				Homeowner Assn. Dues			
				Other:			
Total	$	$	$	Total	$	$	
Self Employed Borrower(s) may be required to provide additional documentation such as tax returns and financial statements.

Describe Other Income

Notice:

Alimony, child support, or separate maintenance income need not be revealed if the
Borrower (B) or Co-Borrower (C) does not choose to have it considered for repaying this loan.

B/C		Monthly Amount	
		$	

Uniform Residential Loan Application

Borrower		 Co-Borrower    	

Fannie Mae Form 1003 7/05 (rev. 6/09)

Freddie Mac Form 65   7/05 (rev. 6/09)	Page  2	Calyx Form - Loanapp2.frm (09/2013)

VI. ASSETS AND LIABILITIES

This Statement and any applicable supporting schedules may be completed jointly by both married and unmarried Co-borrowers if their assets and liabilities are sufficiently joined so that the Statement can be meaningfully and fairly presented on a combined basis; otherwise, separate Statements and Schedules are required. If the Co-Borrower section was completed about a non-applicant spouse or other person, this Statement and supporting schedules must be completed by that spouse or other person also.
Completed	Jointly	Not Jointly
Description ASSETS	Cash or Market Value	Liabilities and Pledged Assets. List the creditor's name, address and account number for all outstanding debts, including automobile loans, revolving charge accounts, real estate loans, alimony, child support, stock pledges, etc. Use continuation sheet, if necessary. Indicate by (*) those liabilities which will be satisfied upon sale of real estate owned or upon refinancing of the subject property.	
Cash deposit toward purchase held by:	$		
		LIABILITIES	Monthly Payment & Months Left to Pay	Unpaid Balance	
List checking and savings accounts below	Name and address of Company	$ Payment/Months	$	
Name and address of Bank, S&L, or Credit Union				
	Acct. no.			
Acct. no.	$	Name and address of Company	$ Payment/Months	$	
Name and address of Bank, S&L, or Credit Union				
	Acct. no.			
	Name and address of Company	$ Payment/Months	$	
Acct. no.	$				
Name and address of Bank, S&L, or Credit Union				
	Acct. no.			
	Name and address of Company	$ Payment/Months	$	
Acct. no.	$				
Stocks & Bonds (Company name/number description)	$				
		Acct. no.			
		Name and address of Company	$ Payment/Months	$	
Life insurance net cash value
Face amount: $	$				
Subtotal Liquid Assets	$				
		Acct. no.			
Real estate owned (enter market value from schedule of real estate owned)	$	Name and address of Company	$ Payment/Months	$	
Vested interest in retirement fund	$				
Net worth of business(es) owned (attach financial statement)	$				
		Acct. no.			
Automobiles owned (make and year)	$	Alimony/Child Support/Separate Maintenance Payments Owed to:	$		
Other Assets (itemize)	$	Job-Related Expense (child care, union dues, etc.)	$		
		Total Monthly Payments	$		
Total Assets a.	$	Net Worth	=>
(a minus b)	$	Total Liabilities b.	$	

Schedule of Real Estate Owned (if additional properties are owned, use continuation sheet)

Insurance,

Property Address (enter S if sold, PS if pending sale or R if rental being held for income)	Type of
Property	Present
Market Value	Amount of
Mortgages & Liens	Gross
Rental Income	Mortgage
Payments	Maintenance,
Taxes & Misc.	Net
Rental Income	
			
$	
$	
$	
$	
$	
$	

	
Totals	
$	
$	
$	
$	
$	
$	
List any additional names under which credit has previously been received and indicate appropriate creditor name(s) and account number(s):
Alternate Name	Creditor Name	Account Number

Uniform Residential Loan Application

Borrower		 Co-Borrower    	

Fannie Mae Form 1003 7/05 (rev. 6/09)

Freddie Mac Form 65   7/05 (rev. 6/09)	Page  3	Calyx Form - Loanapp3.frm (09/2013)

VII. DETAILS OF TRANSACTION	VIII. DECLARATIONS

a. Purchase price	$	If you answer "Yes" to any questions a through i, please use continuation sheet for explanation.
Are there any outstanding judgments against you?
Have you been declared bankrupt within the past 7 years?
Have you had property foreclosed upon or given title or deed in lieu thereof in the last 7 years?
Are you a party to a lawsuit?
Have you directly or indirectly been obligated on any loan which resulted in foreclosure, transfer of title in lieu of foreclosure, or judgment?
(This would include such loans as home mortgage loans, SBA loans, home improvement loans, educational loans, manufactured (mobile) home loans, any mortgage, financial obligation, bond, or loan guarantee. If "Yes," provide details, including date, name, and address of Lender, FHA or VA case number, if any, and reasons for the action.)
Are you presently delinquent or in default on any Federal debt or any other loan, mortgage, financial obligation, bond, or loan guarantee?
If "Yes," give details as described in the preceding question.
Are you obligated to pay alimony, child support, or separate maintenance?
Is any part of the down payment borrowed?
Are you a co-maker or endorser on a note?
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Are you a U. S. citizen?
Are you a permanent resident alien?
Do you intend to occupy the property as your primary residence?
If "Yes," complete question m below.
Have you had an ownership interest in a property in the last three years?
What type of property did you own-principal residence (PR), second home (SH), or investment property (IP)?
How did you hold title to the home-solely by yourself (S),
jointly with your spouse (SP), or jointly with another person (O)?	Borrower	Co-Borrower	
b. Alterations, improvements, repairs			Yes No

 

 

 

 

 		Yes No	
c. Land (if acquired separately)					
d. Refinance (incl. debts to be paid off)					
e. Estimated prepaid items					
f. Estimated closing costs					
g. PMI, MIP, Funding Fee					
h. Discount (if Borrower will pay)					
i. Total costs (add items a through h)					
j. Subordinate financing					
k. Borrower's closing costs paid by Seller					
l. Other Credits (explain)					
m. Loan amount (exclude PMI, MIP, Funding Fee financed)					
n. PMI, MIP, Funding Fee financed					
o. Loan amount (add m & n)					
p. Cash from/to Borrower (subtract j, k, l & o from i)					
IX. ACKNOWLEDGEMENT AND AGREEMENT	
Each of the undersigned specifically represents to Lender and to Lender's actual or potential agents, brokers, processors, attorneys, insurers, servicers, successors and assigns and agrees and acknowledges that: (1) the information provided in this application is true and correct as of the date set forth opposite my signature and that any intentional or negligent mis- representation of this information contained in this application may result in civil liability, including monetary damages, to any person who may suffer any loss due to reliance upon any misrepresentation that I have made on this application, and/or in criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Sec. 1001, et seq.; (2) the loan requested pursuant to this application (the "Loan") will be secured by a mortgage or deed of trust on the property described in this application; (3) the property will not be used for any illegal or prohibited purpose or use; (4) all statements made in this application are made for the purpose of obtaining a residential mortgage loan; (5) the property will be occupied as indicated in this application; (6) the Lender, its servicers, successors or assigns may retain the original and/or an electronic record of this application, whether or not the loan is approved; (7) the Lender and its agents, brokers, insurers, servicers, successors and assigns may continuously rely on the information contained in the application, and     I am obligated to amend and/or supplement the information provided in this application if any of the material facts that I have represented herein should change prior to closing of the   Loan; (8) in the event that my payments on the Loan become delinquent, the Lender, its servicers, successors, or assigns may, in addition to any other rights and remedies that it may  have relating to such delinquency, report my name and account information to one or more consumer credit reporting agencies; (9) ownership of the Loan and/or administration of the Loan account may be transferred with such notice as may be required by law; (10) neither Lender nor its agents, brokers, insurers, servicers, successors or assigns has made any representa- tion or warranty, express or implied, to me regarding the property or the condition or value of the property; and (11) my transmission of this application as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or my facsimile transmission of this application containing a facsimile of my signature, shall be as effective, enforceable and valid as if a paper version of this application were delivered containing my original written signature.
Acknowledgement. Each of the undersigned hereby acknowledges that any owner of the Loan, its servicers, successors and assigns, may verify or reverify any information contained in this application or obtain any information or data relating to the Loan, for any legitimate purpose through any source, including a source named in this application      or a consumer reporting agency.
Right to Receive Copy of Appraisal I/We have the right to a copy of the appraisal report used in connection with this application for credit. To obtain a copy, I/we must send Creditor a written request at the mailing address Creditor has provided.Creditor must hear from us no later than           days after Creditor notifies me/us about the action taken  on this application, or I/we withdraw this application.
If you would like a copy of the appraisal report, contact:	GULF COAST EDUCATORS FCU 5953 FAIRMONT PARKWAY PASADENA, TX 77505
Borrower's Signature
X	Date	Co-Borrower's Signature
X	Date	
X. INFORMATION FOR GOVERNMENT MONITORING PURPOSES	
The following information is requested by the Federal Government for certain types of loans related to a dwelling in order to monitor the lender's compliance with equal credit opportunity, fair housing and home mortgage disclosure laws. You are not required to furnish this information, but are encouraged to do so. The law provides that a Lender may not discriminate either on the basis of this information, or on whether you choose to furnish it. If you furnish the information, please provide both ethnicity and race. For race, you may check more than one designation. If you do not furnish ethnicity, race, or sex, under Federal regulations, this lender is required to note the information on the basis of visual observation and surname if you have made this application in person. If you do not wish to furnish the information, please check the box below. (Lender must review the above material to assure that the disclosures satisfy all requirements to which the lender is subject under applicable state law for the particular type of loan applied for.)
BORROWER	I do not wish to furnish this information	CO-BORROWER	I do not wish to furnish this information	
Ethnicity:	Hispanic or Latino	Not Hispanic or Latino	Ethnicity:	Hispanic or Latino	Not Hispanic or Latino	
Race:	American Indian or	Asian	Black or
Alaska Native	African American
Native Hawaiian or Other  Pacific Islander	White	Race:	American Indian or	Asian	Black or
Alaska Native	African American
Native Hawaiian or Other  Pacific Islander	White	
Sex:	Female	Male	Sex:	Female	Male	

To be Completed by Loan Originator:
This information was provided: In a face-to-face interview In a telephone interview

By the applicant and submitted by fax or mail
By the applicant and submitted via e-mail or the internet

Loan Originator's Signature
X	Date	
Loan Originator's Name (print or type)	Loan Originator Identifier	Loan Originator's Phone Number (including area code)	
Loan Origination Company's Name
GULF COAST EDUCATORS FCU
(P) 281-487-9333	Loan Origination Company Identifier	Loan Origination Company's Address
5953 FAIRMONT PARKWAY
PASADENA, TX 77505	

Uniform Residential Loan Application Freddie Mac Form 65 7/05 (rev. 6/09)

Fannie Mae Form 1003 7/05 (rev. 6/09)
Page  4	Calyx Form - Loanapp4.frm (09/2013)

Mortgage Loan E-Sign Disclosure

The following disclosure is required by the federal Electronic Signatures in Global and National Commerce Act (E- SIGN Act). Please read this E-SIGN Disclosure carefully and keep a copy for your records.

Electronic Delivery of Disclosures and Notices
By following the “Consent” instructions below, you are consenting to receive disclosures related to your current mortgage loan transaction electronically. If you do not consent; we will mail these documents to you. By consenting to electronic delivery of mortgage disclosures, you agree to provide us with your current email address and update us as to any changes in such information. You may update this information through Online Banking or in person at any one of our locations.

Requesting Paper Copies
Even after consent, you have the right to receive a paper copy of the disclosures related to your current mortgage transaction. If you would like to receive a paper copy at no charge, please contact us at the number or email address listed under contact information. Please include your name and mailing address and be sure to state that you are requesting a copy of the disclosures related to your current mortgage transaction.

Withdrawal of Consent
If after consenting, you wish to withdrawal your consent prior to loan consummation, you can do so by contacting us at the number or email address listed under contact information.

Hardware and Software Requirements
In order to access, view, and retain your account information electronically, you must have:
A personal computer or other device which is capable of accessing the Internet.
An Internet web browser with capabilities to support a minimum 128-bit encryption.
Software which permits you to receive, access, print and save Portable Document format or “PDF” files such as Adobe Acrobat Reader® version 8.0 and above.

Termination/Changes
We reserve the right, in our sole discretion, to discontinue the provision of your account information electronically, or to terminate or change the terms and conditions on which we provide account information electronically. We will provide you with notice of any such termination or change as required by law.

Contact Information
Name:	Breanna Kenney Email Address:	bkenney@gcefcu.org Phone:	832-327-8159
Consent
By providing your signature below, you consent to receive legal disclosures electronically and to the terms and conditions described above.

Signature: 		Date 	

Account#: 	

NOTICE CONCERNING EXTENSIONS OF CREDIT DEFINED BY SECTION 50(a)(6), ARTICLE XVI, TEXAS CONSTITUTION:
SECTION 50(a)(6), ARTICLE XVI, OF THE TEXAS CONSTITUTION ALLOWS CERTAIN LOANS TO BE SECURED AGAINST THE EQUITY IN YOUR HOME. SUCH LOANS ARE COMMONLY KNOWN AS EQUITY LOANS. IF YOU DO NOT REPAY  THE LOAN  OR IF YOU FAIL TO  MEET THE  TERMS  OF  THE LOAN, THE LENDER MAY FORECLOSE AND SELL YOUR HOME.  THE  CONSTITUTION PROVIDES THAT:
THE LOAN MUST BE VOLUNTARILY CREATED WITH THE CONSENT OF  EACH  OWNER  OF YOUR HOME AND EACH OWNER'S SPOUSE;
THE PRINCIPAL LOAN AMOUNT AT THE TIME THE LOAN IS MADE MUST NOT EXCEED AN AMOUNT THAT, WHEN ADDED TO THE PRINCIPAL BALANCES  OF  ALL  OTHER  LIENS AGAINST YOUR HOME, IS MORE THAN 80 PERCENT OF THE FAIR MARKET VALUE OF YOUR HOME;
THE LOAN MUST BE WITHOUT RECOURSE FOR PERSONAL LIABILITY AGAINST YOU AND YOUR SPOUSE UNLESS YOU OR YOUR SPOUSE OBTAINED THIS EXTENSION OF CREDIT BY ACTUAL FRAUD;	.
THE LIEN SECURING THE LOAN MAY BE FORECLOSED UPON ONLY WITH A COURT ORDER;
FEES AND CHARGES TO MAKE THE LOAN MAY NOT EXCEED 3 PERCENT OF THE LOAN AMOUNT;
THE LOAN MAY NOT BE AN OPEN-END ACCOUNT THAT MAY BE DEBITED FROM TIME  TO TIME OR UNDER WHICH CREDIT MAY BE EXTENDED FROM TIME TO TIME UNLESS IT IS A HOME EQUITY LINE OF CREDIT;
YOU MAY PREPAY THE LOAN WITHOUT PENALTY OR CHARGE;
NO ADDITIONAL COLLATERAL MAY BE SECURITY FOR THE LOAN;
THE LOAN MAY NOT BE SECURED BY HOMESTEAD PROPERTY THAT IS DESIGNATED FOR AGRICULTURAL USE AS OF THE DATE OF CLOSING, UNLESS THE  AGRICULTURAL HOMESTEAD PROPERTY IS USED PRIMARILY FOR THE PRODUCTION OF MILK;
YOU ARE NOT REQUIRED TO REPAY THE LOAN EARLIER THAN AGREED SOLELY BECAUSE THE FAIR MARKET VALUE OF YOUR HOME DECREASES OR BECAUSE YOU DEFAULT ON ANOTHER LOAN THAT IS NOT SECURED BY YOUR HOME;
ONLY ONE LOAN DESCRIBED BY SECTION 50(a)(6), ARTICLE XVI, OF THE TEXAS CONSTITUTION MAY BE SECURED WITH YOUR HOME AT ANY GIVEN TIME;
THE LOAN MUST BE SCHEDULED TO BE REPAID IN PAYMENTS  THAT  EQUAL  OR  EXCEED THE AMOUNT OF ACCRUED INTEREST FOR EACH PAYMENT PERIOD;
THE LOAN MAY NOT CLOSE BEFORE 12 DAYS AFTER YOU SUBMIT A LOAN APPLICATION TO THE LENDER OR BEFORE 12 DAYS AFTER YOU RECEIVE THIS NOTICE, WHICHEVER DATE IS LATER; AND MAY NOT WITHOUT YOUR CONSENT CLOSE  BEFORE  ONE  BUSINESS  DAY AFTER THE DATE ON WHICH YOU RECEIVE A COPY OF YOUR LOAN APPLICATION IF NOT PREVIOUSLY PROVIDED AND A FINAL ITEMIZED DISCLOSURE  OF  THE  ACTUAL  FEES, POINTS, INTEREST, COSTS, AND CHARGES THAT WILL BE CHARGED AT CLOSING; AND IF YOUR HOME WAS SECURITY FOR THE SAME TYPE OF LOAN WITHIN THE PAST YEAR, A NEW LOAN SECURED BY THE SAME PROPERTY MAY NOT CLOSE BEFORE ONE YEAR HAS PASSED FROM THE CLOSING DATE OF THE OTHER LOAN, UNLESS ON OATH YOU REQUEST  AN EARLIER CLOSING DUE TO A DECLARED STATE OF EMERGENCY;
THE LOAN MAY CLOSE ONLY AT THE OFFICE OF THE LENDER, TITLE COMPANY, OR AN ATTORNEY AT LAW;
(0) THE LENDER MAY CHARGE ANY FIXED OR VARIABLE RATE OF INTEREST AUTHORIZED BY STATUTE;
ONLY A LAWFULLY AUTHORIZED LENDER MAY MAKE LOANS DESCRIBED BY SECTION 50(a)(6), ARTICLE XVI, OF THE TEXAS CONSTITUTION;
LOANS DESCRIBED BY SECTION 50(a)(6), ARTICLE XVI, OF THE TEXAS CONSTITUTION MUST:
NOT REQUIRE YOU TO APPLY THE PROCEEDS TO ANOTHER DEBT  EXCEPT  A  DEBT THAT IS SECURED BY YOUR HOME OR OWED TO ANOTHER LENDER;
NOT REQUIRE THAT YOU ASSIGN WAGES AS SECURITY;
NOT REQUIRE THAT YOU EXECUTE INSTRUMENTS WHICH HAVE BLANKS FOR SUBSTANTIVE TERMS OF AGREEMENT LEFT TO BE FILLED IN;
NOT REQUIRE THAT YOU SIGN A CONFESSION OF JUDGMENT OR POWER OF ATTORNEY TO ANOTHER PERSON TO CONFESS JUDGMENT OR APPEAR IN A LEGAL PROCEEDING ON YOUR BEHALF;
PROVIDE THAT YOU RECEIVE A COPY OF YOUR FINAL LOAN APPLICATION AND ALL EXECUTED DOCUMENTS YOU SIGN AT CLOSING;
PROVIDE THAT THE SECURITY INSTRUMENTS CONTAIN A DISCLOSURE THAT THIS

Wolters Kluwer Financial Services
VMP ®-8032(TXJ 10711)	11/07
Page  1 of  2	Initials:---	11111111111111111IIIIIIIIIIIIIIIIII

LOAN IS A LOAN DEFINED BY SECTION 50(a)(6), ARTICLE XVI, OF THE TEXAS CONSTITUTION;
PROVIDE THAT WHEN THE LOAN IS PAID IN FULL, THE LENDER WILL SIGN AND GIVE YOU A RELEASE OF LIEN OR AN ASSIGNMENT OF THE LIEN,WHICHEVER IS APPROPRIATE;
PROVIDE THAT YOU MAY, WITHIN 3 DAYS AFTER CLOSING, RESCIND THE LOAN WITHOUT PENALTY OR CHARGE;
PROVIDE THAT YOU AND THE LENDER ACKNOWLEDGE THE FAIR MARKET VALUE OF YOUR HOME ON THE DATE THE LOAN CLOSES; AND
PROVIDE THAT THE LENDER WILL FORFEIT ALL PRINCIPAL AND INTEREST IF THE LENDER FAILS TO COMPLY WITH THE LENDER'S OBLIGATIONS UNLESS THE  LENDER CURES THE FAILURE TO COMPLY AS PROVIDED BY SECTION  50(a)(6)(Q)(x),  ARTICLE  XVI, OF THE TEXAS CONSTITUTION; AND
IF THE LOAN IS A HOME EQUITY LINE OF CREDIT:
YOU MAY REQUEST ADVANCES, REPAY MONEY, AND REBORROW MONEY UNDER THE LINE OF CREDIT;
EACH ADVANCE UNDER THE LINE OF CREDIT MUST BE IN AN AMOUNT OF AT LEAST
$4,000;
YOU  MAY   NOT   USE   A   CREDIT   CARD,   DEBIT   CARD,   OR   SIMILAR   DEVICE,   OR P PRINTED CHECK THAT YOU DID  NOT  SOLICIT,  TO  OBTAIN  ADVANCES  UNDER  THE LINE OF CREDIT;
ANY FEES THE LENDER CHARGES MAY BE CHARGED AND COLLECTED ONLY AT THE TIME THE LINE OF CREDIT IS ESTABLISHED AND THE  LENDER  MAY  NOT CHARGE  A FEE IN CONNECTION WITH ANY ADVANCE;
THE MAXIMUM PRINCIPAL AMOUNT THAT MAY BE EXTENDED, WHEN ADDED TO ALL OTHER DEBTS SECURED BY YOUR HOME, MAY NOT EXCEED 80 PERCENT OF THE FAIR MARKET VALUE OF YOUR HOME ON THE DATE THE LINE OF CREDIT IS ESTABLISHED;
IF THE PRINCIPAL BALANCE UNDER THE LINE OF CREDIT AT ANY TIME EXCEEDS 50 PERCENT OF THE FAIR MARKET VALUE OF YOUR HOME, AS DETERMINED ON THE DATE THE LINE OF CREDIT IS ESTABLISHED, YOU MAY NOT CONTINUE TO REQUEST ADVANCES UNDER THE LINE OF CREDIT UNTIL THE BALANCE IS LESS  THAN  50  PERCENT  OF  THE FAIR MARKET VALUE; AND
THE LENDER MAY NOT UNILATERALLY AMEND THE TERMS OF THE LINE OF CREDIT.

THIS NOTICE IS ONLY A SUMMARY OF YOUR RIGHTS UNDER THE TEXAS CONSTITUTION. YOUR RIGHTS ARE GOVERNED BY SECTION 50, ARTICLE XVI,  OF  THE  TEXAS  CONSTITUTION,  AND NOT BY THIS NOTICE.
THE UNDERSIGNED ACKNOWLEDGE RECEIPT OF THE FOREGOING NOTICE.

Borrower	Date        Borrower	Date

Borrower	Date        Borrower	Date

Borrower	Date        Borrower	Date

Borrower	Date        Borrower	Date

VMP ®-8032(TXI 101111	Page 2 of 2	7/06

Notice to Applicant of Right
to Receive Copy of Appraisal Report

Date:
Loan Number:
Property Address:

You have the right to receive a copy of the appraisal report to be obtained in connection with the loan for which you are applying, provided that you have paid for the appraisal. We must receive your written request no later than
days after we notify you about the action taken on your application or you withdraw your application. If you would like a copy of the appraisal report, contact:

Borrower	Date	Borrower	Date

Borrower	Date	Borrower	Date

Appraisal Notice 04/04 ~ EncompassTM from Ellie Mae ~ www.elliemae.com

GULF COAST EDUCATORS FCU, NMLS# 403220	

SERVICING DISCLOSURE STATEMENT

Originator:GULF COAST EDUCATORS FCU 5953 FAIRMONT PARKWAY
PASADENA, TX 77505

Date:

NOTICE TO FIRST LIEN MORTGAGE LOAN APPLICANTS: THE RIGHT TO COLLECT YOUR MORTGAGE LOAN PAYMENTS MAY BE TRANSFERRED.

You are applying for a mortgage loan covered by the Real Estate Settlement Procedures Act (RESPA) (12 U.S.C. 2601 et seq.). RESPA gives you certain rights under Federal law. This statement describes whether the servicing for this loan may be transferred to a different loan servicer.

"Servicing" refers to collecting your principal, interest, and escrow payments, if any, as well as sending any monthly or annual statements, tracking account balances, and handling other aspects of your loan. You will be given advance notice before a transfer occurs.

We may assign, sell or transfer the servicing of your loan while the loan is outstanding.

We do not service mortgage loans of the type for which you applied. We intend to assign, sell, or transfer the servicing of your mortgage loan before the first payment is due.

The loan for which you have applied will be serviced at this financial institution and we do not intend to sell, transfer, or assign the servicing of the loan.

Acknowledgment of Mortgage Loan Applicant(s)

I/We have read and understood the disclosure, and understand that the disclosure is a required part of the mortgage application as evidenced by my/our signature(s) below;

Applicant	Date	Applicant	Date

Calyx Form - sds.frm (11/11)

GULF COAST EDUCATORS FCU, NMLS# 403220	

Request for Verification of Employment
Privacy Act Notice: This information is to be used by the agency collecting it or its assignees in determining whether you qualify as a prospective mortgagor under its    program.   It will not be disclosed outside the agency except as required and permitted by law. You do not have to provide this information, but if you do not your application           for  approval  as  a  prospective  mortgagor  or  borrower  may  be  delayed  or  rejected.  The  information  requested  in  this  form  is  authorized  by  Title  38,   USC,  Chapter  37 (if VA); by 12 USC, Section 1701 et. seq. (if HUD/FHA); by 42 USC, Section 1452b (if HUD/CPD); and Title 42 USC, 1471 et. seq., or 7 USC, 1921 et. seq. (if USDA/FmHA).

Instructions: Lender - Complete items 1 through 7. Have applicant complete item 8. Forward directly to employer, named in item 1.
Employer - Please complete either Part II or Part III as applicable. Complete Part IV and return directly to lender named in item 2.
The form is to be transmitted directly to the lender and is not to be transmitted through the applicant or any other party.
Part I - Request	
1. To (Name and address of employer)	2. From (Name and address of lender)

GULF COAST EDUCATORS FCU 5953 FAIRMONT PARKWAY
PASADENA, TX 77505
(P) 281-487-9333	
I certify that this verification has been sent directly to the employer and has not passed through the hands of the applicant or any other interested party.
3. Signature	of	Lender	4. Title	5. Date	6. Lender's	No.	(Optional)	
I have applied for a mortgage loan and stated that I am now or was formerly employed by you. My signature below authorizes verification of this information.
7. Name and Address of Applicant (include employee or badge number)	8. Signature of Applicant	
Part II - Verification of Present Employment	
9. Applicant's Date of Employment	10. Present Position	11. Probability of Continued Employment	
12A. Current Gross Base Pay (Enter Amount and Check Period)
Annual	Hourly
Monthly	Other (Specify)
$	Weekly	13. For Military Personnel Only	14. If Overtime or Bonus is Applicable,  Is Its Continuance Likely?
Overtime	Yes	No
Bonus	Yes	No	
	Pay Grade		
	Type	Monthly Amount		
	
Base Pay	
$		
12B. Gross Earnings			15. If paid hourly-average hours per week	
Type	Year To Date	Past Year  		Past Year  		Rations	$		

Base Pay	Thru	 	
$	
$	
$	Flight or Hazard	
$	16. Date of applicant's next pay increase	

Overtime	
$	
$	
$	Clothing	$		
				
Quarters	
$	17. Projected amount of next pay increase	

Commissions	
$	
$	
$				
				Pro Pay	$	18. Date of applicant's last pay increase	

Bonus	
$	
$	
$	Overseas or Combat	
$		
						19. Amount of last pay increase	

Total	
$	
$	
$	Variable Housing Allowance	
$		
20. Remarks (if employee was off work for any length of time, please indicate time period and reason)

Part III - Verification of Previous Employments	
21. Date Hired	23. Salary/Wage at Termination Per (Year)(Month)(Week)
Base	Overtime	Commissions	
Bonus	
22. Date Terminated			
24. Reason	for	Leaving		25. Position Held	
Part IV - Authorized Signature	
Federal statutes provide severe  penalties  for  any  fraud,  intentional  misrepresentation,  or  criminal  connivance  or  conspiracy  purposed  to  influence  the issuance of any guaranty or insurance by the VA Secretary, the U.S.D.A., FmHA/FHA Commissioner, or the HUD/CPD Assistant Secretary.
26. Signature of Employer	27. Title	(Please	print	or	type)	28. Date	
29. Print	or	type	name	signed	in	Item	26	30. Phone No.		
Calyx Form - voe.frm (11/07)

GULF COAST EDUCATORS FCU, NMLS# 403220	

Request for Verification of Employment
Privacy Act Notice: This information is to be used by the agency collecting it or its assignees in determining whether you qualify as a prospective mortgagor under its    program.   It will not be disclosed outside the agency except as required and permitted by law. You do not have to provide this information, but if you do not your application           for  approval  as  a  prospective  mortgagor  or  borrower  may  be  delayed  or  rejected.  The  information  requested  in  this  form  is  authorized  by  Title  38,   USC,  Chapter  37 (if VA); by 12 USC, Section 1701 et. seq. (if HUD/FHA); by 42 USC, Section 1452b (if HUD/CPD); and Title 42 USC, 1471 et. seq., or 7 USC, 1921 et. seq. (if USDA/FmHA).

Instructions: Lender - Complete items 1 through 7. Have applicant complete item 8. Forward directly to employer, named in item 1.
Employer - Please complete either Part II or Part III as applicable. Complete Part IV and return directly to lender named in item 2.
The form is to be transmitted directly to the lender and is not to be transmitted through the applicant or any other party.
Part I - Request	
1. To (Name and address of employer)	2. From (Name and address of lender)

GULF COAST EDUCATORS FCU 5953 FAIRMONT PARKWAY
PASADENA, TX 77505
(P) 281-487-9333	
I certify that this verification has been sent directly to the employer and has not passed through the hands of the applicant or any other interested party.
3. Signature	of	Lender	4. Title	5. Date	6. Lender's	No.	(Optional)	
I have applied for a mortgage loan and stated that I am now or was formerly employed by you. My signature below authorizes verification of this information.
7. Name and Address of Applicant (include employee or badge number)	8. Signature of Applicant	
Part II - Verification of Present Employment	
9. Applicant's Date of Employment	10. Present Position	11. Probability of Continued Employment	
12A. Current Gross Base Pay (Enter Amount and Check Period)
Annual	Hourly
Monthly	Other (Specify)
$	Weekly	13. For Military Personnel Only	14. If Overtime or Bonus is Applicable,  Is Its Continuance Likely?
Overtime	Yes	No
Bonus	Yes	No	
	Pay Grade		
	Type	Monthly Amount		
	
Base Pay	
$		
12B. Gross Earnings			15. If paid hourly-average hours per week	
Type	Year To Date	Past Year  		Past Year  		Rations	$		

Base Pay	Thru	 	
$	
$	
$	Flight or Hazard	
$	16. Date of applicant's next pay increase	

Overtime	
$	
$	
$	Clothing	$		
				
Quarters	
$	17. Projected amount of next pay increase	

Commissions	
$	
$	
$				
				Pro Pay	$	18. Date of applicant's last pay increase	

Bonus	
$	
$	
$	Overseas or Combat	
$		
						19. Amount of last pay increase	

Total	
$	
$	
$	Variable Housing Allowance	
$		
20. Remarks (if employee was off work for any length of time, please indicate time period and reason)

Part III - Verification of Previous Employments	
21. Date Hired	23. Salary/Wage at Termination Per (Year)(Month)(Week)
Base	Overtime	Commissions	
Bonus	
22. Date Terminated			
24. Reason	for	Leaving		25. Position Held	
Part IV - Authorized Signature	
Federal statutes provide severe  penalties  for  any  fraud,  intentional  misrepresentation,  or  criminal  connivance  or  conspiracy  purposed  to  influence  the issuance of any guaranty or insurance by the VA Secretary, the U.S.D.A., FmHA/FHA Commissioner, or the HUD/CPD Assistant Secretary.
26. Signature of Employer	27. Title	(Please	print	or	type)	28. Date	
29. Print	or	type	name	signed	in	Item	26	30. Phone No.		
Calyx Form - voe.frm (11/07)