MORTGAGE

Find the Right Home Loan For You

Ready for the keys to your own home? Maybe your growing family needs more space? Or interested in an investment property? No matter what you’re ready for, GECU has a home mortgage loan1 for you.

New Home Purchase
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HOME LOANS

GECU ZERO-DOWN HOME LOAN⁵

We’re here to help make your dream of homeownership a reality with a GECU Zero-down Home Loan! With no down payment needed, you can be one step closer to getting into the home you’ve always wanted. Our team of experienced professionals is here to guide you through the entire process — apply now and get closer to living in a space that’s all yours.

Get into the home of your dreams with …

New Home Purchase

Home loan options

Our experienced team can help find the right conventional, FHA or VA2 mortgage loan for you.

New Home Purchase

Competitive mortgage rates & simple application

Complete our simple application today for our mortgage loans with competitive rates.

New Home Purchase

Flexible mortgage terms

Find a mortgage term that works for you and your goals.

New Home Purchase

Home-purchase assistance

We offer different home-purchase assistance3 programs to help you get into a home.

COMPARE

FIND THE PERFECT HOME MORTGAGE LOAN FOR YOU!

Investment Property Loans

This low-rate loan can help you get that extra house you’ve been eyeing.
This low-rate loan can help you get that extra house you’ve been eyeing.

Best for: Members who want to purchase an investment property.

 

  • Easy terms and competitive rates
  • We offer commercial loans4 for multi-family dwellings and industrial, warehouse, retail, hospitality, and office spaces
  • Investment property loans start at $50,000
  • You may be able to create and maintain a steady cash flow from the rent you receive on your investment property

FHA Home Loans

This loan is insured by the Federal Housing Administration.
This loan is insured by the Federal Housing Administration.

Best for: Members who want to make a lower down payment.
 

  • Low down payment options available
  • Competitive home loan rates
  • Flexible home loan terms

VA Home Loans

This loan is guaranteed by the Department of Veteran Affairs (VA).
This loan is guaranteed by the Department of Veteran Affairs (VA).

Best for: Current service members, veterans and eligible surviving spouses.

 

  • Competitive interest rates
  • Flexible loan terms
  • Affordable payments
  • No Private Mortgage Insurance (PMI) required
  • No down payment required

Conventional home loans

This loan offers fixed rates and terms that fit your needs.
This loan offers fixed rates and terms that fit your needs.

Best for: Members who want a consistent mortgage payment.

 

  • Competitive and fixed interest rates
  • Flexible loan terms
  • Home-purchase assistance3

Zero-down Home Loan⁵

This loan can get you closer to living in a space that’s all yours.
This loan can get you closer to living in a space that’s all yours.

Best for: Members who want a no-down-payment option.

 

  • Affordable payments
  • Flexible loan terms
  • Home-purchase assistance
New Home Purchase

GECU Home Loan Refinancing

  • Lower your monthly mortgage payment
  • Shorten the life of your mortgage
  • Save money and get cash
We’re Here to Answer Your Home Loan Questions
  • Are there any programs for first-time homebuyers?
    Yes, we offer loan programs to help you become a homeowner. These programs are generally designed to help people get over the initial obstacles of homeownership through potential financial assistance. Be sure to tell us you are a first-time homebuyer! Our home loan professionals at GECU will help you identify the best home loan options. Contact us to see which home loan fits you best.
  • Should I have a home selected before applying for a home loan or getting a prequalification offer?
    Getting prequalified is typically recommended when starting your home search. Your prequalification will allow you to search for a home with confidence while staying within your budget.
  • Do you have down-payment assistance?
    GECU does originate loans with down-payment assistance, including our Welcome Home El Paso down-payment assistance.3 Welcome Home El Paso offers up to 5% of your loan amount in down-payment assistance. Please contact one of our home loan professionals today for additional details and conditions.
  • What is the minimum down-payment offered?
    The amount of your down payment may depend on the type of loan you select. Some of the minimum down-payment requirements also depend on whether you're buying a primary residence, second home, or investment property. GECU offers a wide variety of loan programs such as conventional, first-time homebuyers, down-payment assistance and government guaranteed loans that may require little to no down payment.
  • Do I need good credit to buy a home?
    Don't get discouraged if you don’t have excellent credit. You may still be able to obtain a home loan even if your credit is less than perfect. Our home loan professionals at GECU can help you identify the best home loan option to fit your needs.
  • How can I apply for a GECU Home Loan?
    Apply for a home loan online or by calling us toll-free at 1.800.772.4328.
  • Does GECU offer home loans for veterans or active military?
    Yes, we do offer Veterans Affairs2 (VA) home loans for veterans or active military.
  • What is an FHA loan?
    An FHA loan is a mortgage loan that is insured by the Federal Housing Administration. 
  • What documents do I need to provide to apply for a GECU Home Loan?

    For your home loan application, we will review your two-year employment and housing history, along with a review of your assets. As every situation is unique, required documentation may vary. Below is a list of documents that you may need throughout the 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.)

Membership eligibility is required.
1All loans are subject to credit qualification and approval. The property must be located in Texas or New Mexico. Certain fees and conditions apply.
2VA loans are offered to qualified borrowers who are serving or have served in the United States Armed Forces. Other conditions may apply.
3Assistance programs made available through third party entities, and are subject to qualification, income criteria, home-purchase price, and property location. Other conditions apply.
4All loans are subject to approval. Commercial loans are available only in Texas and New Mexico. Other conditions apply.
5All loans are subject to credit qualification and approval. The property must be located in Texas or New Mexico. The GECU Zero-down Home Loan program is eligible only for purchase of owner-occupied, single-family primary residences (attached or detached). No down payment required; however, closing costs, escrow, and private mortgage insurance apply. Maximum loan amount is the national conforming limit as prescribed by the Federal Housing Finance Agency. No cash back allowed. Program is subject to change or withdrawal without notice at the discretion of GECU. Certain fees and conditions apply.
 

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