Educator Loans

Gulf Coast Educators FCU offers a one of a kind Educator Mortgage program just for teachers and school employees in the state of Texas.

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Educator Mortgage Qualifications

At least one applicant must be a current teacher or school employee for at least 2 consecutive years in a Texas school district.

Credit Score

All applicants must have a credit score of 680 or higher.

Down Payment

No extra cash for a down payment required.

DTI Limit

45% debt-to-income (DTI) limit.

Closing Costs

Finance an extra 3% to cover your closing costs.

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Teacher Mortgage Features

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No Down Payment

Finance the full cost of your home with no money down.

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No PMI Required

With a Teacher Mortgage loan, you are exempt from having to pay Private Mortgage Insurance.

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Up to 103% Financing

Finance the full cost of your home, plus an extra 3% to cover your closing costs, if needed.

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Quick Pre-Approval

Apply online and get pre-approved within a few days.

More Loan Resources

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Required Documents

Before you start your loan pre-qualification process, you’ll need a few documents to get started.

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Homeowners Insurance

Get the best homeowner’s insurance quote available.

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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.

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  • 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.