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BUYING & OWNING A HOME
Preparing for Homeownership & What Comes After
Whether you’re a first-time homebuyer, buying your forever home or looking for an investment property, our friendly, knowledgeable mortgage team is with you every step of the way!
How to prepare to buy a home
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Use our calculators: Before you prepare for homeownership, calculate how much home you can afford with one of our calculators!
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Get prequalified: Getting prequalified lets you know how much home you can afford. To learn how to prequalify for a home loan,1 speak to one of our home loan professionals.
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Find a realtor: A realtor will help with the necessary paperwork, schedule home inspections, communicate with the sellers and more. GECU works with realtors in your area.
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Choose your home: One-story vs. two-story. Classic- or Tuscan-style homes. New build vs. resale. The possibilities are endless when buying a new home!
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Work with a builder: We offer the GECU Preferred Builders program. Find a builder that offers the style of home you’ve always dreamed of!
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Make an offer: You can make an offer on a home you love through your realtor. The offer will set you apart from other people who are interested in the same home.
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Finalize your loan: As you approach the closing, your lender will reach out to finalize your loan. They may ask you to provide certain documents.
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Close: It’s time to close on your new home! Take a look at the final paperwork, sign the documents and get ready to move in.
Need more information to prepare for homeownership? Talk to us.
Bring Your Dreams to Life
With a GECU Home Equity Loan
Our lives are different but our hopes, dreams and experiences connect us. We’re all searching for the same things — a place to call home, room to grow or a fresh financial start. Let us help you bring your dreams to life with a GECU Home Equity Loan1 and get a $500 gift card!* Enjoy our flexible terms with competitive rates and affordable payments.
We’re Here to Help With Your Homeownership Questions
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What is prequalification?
Being prequalified means that a lender has determined that you will likely be approved for a home loan up to a certain amount, based on your current financial situation. To get prequalified for a home loan, you simply provide a lender your level of income, assets and debt.
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What type of home loans does GECU offer?
We offer FHA, VA and conventional loans. A home loan professional will assist you in finding which one works for you.
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What are the steps to buying a home?
- Get prequalified
- Find a REALTOR® or real estate agent
- Choose a home
- Make an offer
- Get a home inspection
- Get a home appraisal
- Finalize your loan
- Close on your home loan
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What do I need to provide when I apply for a home loan?You may need the following information throughout the application process:
- Two most-recent W-2s
- Two most-recent federal tax returns
- Pay stubs for the last 30 days
- Two current, valid forms of identification (e.g., driver’s license, state-issued ID, Social Security card)
- Most-recent bank statements for the last two months
- Proof of any other income (Social Security, retirement, etc.)