Mortgage Loans
When it comes to buying a new home, no one puts you more at ease than Gulf Coast Educators. We are here to help you each step of the way with your mortgage loan, from loan pre-approval through closing. We provide mortgage loans for primary, secondary, vacation, and investment properties.
Small Rates For Your Big Plans
- Conventional fixed rate mortgage – same low rate for the life of your loan
- Quick approval process
- No application fee
Mortgage Options Available
See which mortgage loan option is right for you.
Conventional Mortgage
Have the same low rate for the life of your loan.
Educator Mortgage
Finance up to 103%, with no down payment or PMI required.
First Time Home Buyers
First time home buyers are only required to put down 3% for a down payment.
Mortgage Loan Details
Loan Limit
Conventional Mortgage Loans available from $50,000 – $647,200.
DTI Limit
43% debt-to-income (DTI) limit.
Down Payment & Closing Costs
5% down payment required, or 3% for first time home buyers.
Learn More
Required Documents
Before you start your loan pre-qualification process, you’ll need a few documents to get started.
Homeowners Insurance
Get the best homeowner’s insurance quote available.
Contact Us
Our team is here to help answer any questions you may have.
How much will my monthly payment be?
Budgeting for a new home can be challenging. Use our calculators to help you estimate your monthly mortgage payments, plus so much more.
Start Your Loan Application
- 1Educator 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.
- 2Mortgage Disclosure – All property financed must be located in the state of Texas.
- 3Confidentiality Disclosure – Please do not send confidential information, such as member number, social security number, etc. in an e-mail message.
- 4Fee Disclosure – The credit union does not charge any fees. You may be charged fees from outside companies, such as appraisers or HOAs.