Realtor Resources
Lets work together to help your clients buy the perfect home.
Realtor Resources
If you are a realtor with clients who are educators, we’d love to work with you! At Gulf Coast Educators FCU, we have some great, affordable home buying options for school employees.
Rate Perks
- Rate lock while you shop with a complimentary float down if rates drop before closing.
- Loyal Member Discounts – up to 0.25% off the rate for additional services with us (direct deposit, credit card, auto loan)
- 30 days or less for closing.
- Everything from start to finish is in-house, including servicing.
- Contract through a builder will have the rate locked in through the entire build, with the same courtesy float down before closing if rates drop.
Specialty Loan Programs
Check out some of our most popular specialty loan programs and their requirements.
First Time Home Buyer
Requires 3% down, will have PMI, best with a 680 or higher credit score.
5% Down No PMI
Requires 2+ years employment at current job, a minimum of 5% down, no PMI. Requires a 640 or higher credit score, no major credit delinquencies, and no more than 3 collection accounts.
100% Financing
Requires 2+ years employment with a school district, no down payment, no PMI, requires a 680 or higher credit score.
103% Financing
Requires 2+ years employment with a school district. no down payment, no PMI, can roll in up to 3% of closing costs, requires a 680 or higher credit score.
Flyers You Can Use
Contact Us
Interested in working with us more? Contact us to schedule an appointment, and we will be happy to tell you more about our products and services.
Contact Us
- 1Mortgage Disclosure – All property financed must be located in the state of Texas.
- 2Confidentiality Disclosure – Please do not send confidential information, such as member number, social security number, etc. in an e-mail message.
- 3Educator 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.
- 4Direct Deposit Discount: Set up at least 50% of your paycheck to be direct deposited into your GCEFCU account to receive 0.125% off your APR*. Loyal Member Discount: Open a GCEFCU credit card or refinance an outside auto loan of $15,000 or more with GCEFCU to receive 0.125% off your APR*. *APR = Annual Percentage Rate. Maximum loan discount is 0.25%. Rates and discounts are subject to change without prior notification. Other conditions may apply.