EDUCATOR MORTGAGE

 

Home Loans for Teachers & School Employees

If you are a teacher or school employee looking to buy a home, you are in luck. With a Gulf Coast Educators FCU Educator Mortgage, you can finance your new home up to 103%, with no down payment or PMI required. To see if this conventional mortgage loan is the right fit for you, check out the qualifications below.
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  • ✔ Occupation: At least one applicant must be a current teacher or school employee for at least 2 consecutive years in a Texas school district.
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  • ✔ Credit Score: All applicants must have a credit score of 680 or higher.
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  • ✔ DTI Limit: 45% debt-to-income (DTI) limit.
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  • ✔ Down Payment & Closing Costs: No extra cash for a down payment is required. You can finance your home up to 103%, using the extra 3% to cover your closing costs.

 

✚ No Down Payment

✚ No PMI Required

✚ 103% Financing

 

START YOUR APPLICATION

Our Teacher Mortgage Loan Experts are here to help you every step of the way. If you have any questions, please do not hesitate to reach out to them. When you are ready to apply for your home loan, click the Apply button below.

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LEARN MORE ABOUT OUR EDUCATOR MORTGAGE

 

Request More Information

Have questions about our mortgages or the home buying process? We can help! Whether you are a first time home buyer or looking to refinance your current mortgage, our home loan experts can help answer any questions you have.

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Schedule an Appointment

If you would like to schedule an appointment with one of our Real Estate Loan Officers, please give us a call at 281-487-9333 or email realestate@gcefcu.org by clicking the Contact Us button.

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Disclaimer: As a reminder, do not send confidential information, such as member number, social security number, etc. in an e-mail message. 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 in 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.