GTE Federal Credit Union

GTE Federal Credit Union is a member of the Florida Credit Union League.

Mortgage Overview

When it comes to first mortgages GTE federal credit union will refinance up to 95% of the homes value and for new purchase up to 103% of the homes value or sales price (whichever is lower). They only do adjustable rate mortgages in Florida. Home Equity Loans are available in Maine and Florida. GTE does offer Mobile Home with land loans with certain restrictions.

 
Mortgage Options

GTE Federal Credit Union offers competitive Fixed Rate First Mortgages features a monthly payment (12 per year) for the life of the loan; 10 to 40-year terms are available. GTE FCU offers a fixed rate mortgage loan which is a good choice if you want the security of knowing your rate and monthly payment will remain the same for the life of your loan. Adjustable Rate loans are attractive because of their initial lower interest rate and payment. Variable 30-year terms are available, and include an option to convert to a fixed rate. Reverse Mortgages are for homeowners age 62 and up, a reverse mortgage provides funds from the equity in their homes. If you're looking to make home improvements, finance educational expenses, consolidate debt, or even refinance your first mortgage, a GTE home equity line or loan may be your smartest option.