Moving “Home Sweet Home” Forward
Buying a home is one of the most important purchases you will make. Our mortgage loan originators simplify the process, guiding you from application to closing. Whether you’re gathering information or ready to lock in a rate, we have a mortgage option for you.
Are You Pre-Approved?
Mortgage pre-approval lets you shop smarter and make stronger offers in a competitive market, especially if you're a first-time homebuyer.
Reach out to our helpful mortgage team to get started.
Mortgage Calculators and Resources
From deciding how much home you can afford to estimating closing costs, we have the tools you need to make informed decisions about what loan is right for you.
My Gulf Winds loan officer made a point to help find financial help for my situation. She wouldn’t stop until she found a loan to fit my life.Kevin R.
Gulf Winds Credit Union NMLS #414456
*Interest rates, annual percentage rates (APRs), points and estimated breakdowns are subject to change without notice.
1 - Home Owners Insurance is required. Flood and Wind Insurance may be required, when applicable. Exclusions and limitations apply. Gulf Winds agrees to pay closing costs on new HELOANs and HELOCS with the exception of appraisal fees, title insurance, and any fees associated with Home Owner's Association. Closing costs can range from $150 to $1500. If the loan is paid off and closed in less than three years of the loan origination date, all closing costs paid by Gulf Winds Credit Union will require reimbursement. Closing costs depend on the location of the property, property type, and the amount of the Equity Loan. Consult your tax advisor about possible tax benefits. Owner-occupied property only and Gulf Winds Credit Union must be in a valid first or second lien position. Refer to HELOAN or HELOC application or ask your Mortgage Loan Officer for complete details. This offer may be withdrawn at any time.
2 - Depending on selected term option, our Adjustable Rate Mortgages have a fixed rate for the first 3, 5, 7 ,or 10-years and a variable rate that adjusts once a year for the final length of loan, starting at either years 4, 6, 8, or 11. Your Annual Percentage Rate (APR) may increase after the original fixed-rate period. The First Adjusted Payments displayed are based on the current Constant Maturity Treasury (CMT) index, plus the margin (fully indexed rate) as of the stated effective date rounded to nearest 1/8th of one percent.
3 - Subject to credit approval. The introductory rate will be in effect for the first six (6) months after your line of credit is opened. After the promotional period, the variable standard APR will be based on your line amount, combined loan to value ratio, and credit rating. Upon expiration of the introductory rate, all balances will accrue interest at the variable standard APR. This offer is available to new equity line members, and is subject to change without notice. Required minimum draw at closing is $10,000.
4 - Eligible veterans, reservists, and Active Duty personnel and their eligible spouses with suitable credit, sufficient income and a valid Certificate of Eligibility (COE) can take advantage of 100% financing/zero-down payment options with a VA Mortgage, guaranteed by the Department of Veterans Affairs. Underwriting and loan approval required. Zero-day payment subject to terms and conditions. A funding fee is required at closing. The fee is higher with a zero-down payment, and maximum loan limits vary by county. If a down payment of 5% or more is made, the fee is reduced. The VA funding fee is non-refundable. Ask for details about eligibility, documentation and other requirements. The property must be occupied by the veteran as their primary residence.
Estimated Mortgage Loan Payment Breakdowns
Conventional Fixed Rate Loans
A fixed-rate loan of $275,000 for 15 years at a rate of 6.50% and 6.768% APR will have a monthly principal and interest payment of $2395.55. A fixed-rate loan of $275,000 for 20 years at a rate of 6.750% and 6.967% APR will have a monthly principal and interest payment of $2091.00. A fixed-rate loan of $275,000 for 30 years at a rate of 6.875% and 7.042% APR will have a monthly principal and interest payment of $1806.55.
Max Value Mortgages™
A fixed-rate loan of $275,000 for 30 years at a rate of 7.250% and 7.421% APR will have a monthly principal and interest payment of $1875.98.
Land and Lot Loans
A fixed-rate loan of $75,000 for 5 years at a rate of 5.780% and 5.994% APR will have a monthly principal and interest payment of $1442.30. A fixed-rate loan of $75,000 for 10 years at a rate of 6.70% and 6.927% APR will have a monthly principal and interest payment of $859.26. A fixed-rate loan of $75,000 for 15 years at a rate of 7.30% and 7.536% APR will have a monthly principal and interest payment of $686.76.
Adjustable Rate Mortgages (ARM)
10/1 Adjustable-Rate Mortgage (ARM): For loan Amount $275,000, 30-year term: Years 1-10 with at a rate of 6.58% and 6.744% APR will have a monthly principal and interest payment of $1752.68. This Adjustable-Rate Mortgage has a fixed interest rate for the first 10 years and a variable rate that adjusts once a year starting at year 11. Your Annual Percentage Rate (APR) may increase after the original fixed-rate period.
7/1 Adjustable-Rate Mortgage (ARM): For loan Amount $275,000, 30-year term: Years 1-7 with at a rate of 6.49% and 6.653% APR will have a monthly principal and interest payment of $1736.38. This Adjustable-Rate Mortgage has a fixed interest rate for the first 7 years and a variable rate that adjusts once a year starting at year 8. Your Annual Percentage Rate (APR) may increase after the original fixed-rate period.
5/1 Adjustable-Rate Mortgage (ARM): For loan Amount $275,000, 30-year term: Years 1-5 with at a rate of 6.39% and 6.552% APR will have a monthly principal and interest payment of $1718.34. This Adjustable-Rate Mortgage has a fixed interest rate for the first 5 years and a variable rate that adjusts once a year starting at year 6. Your Annual Percentage Rate (APR) may increase after the original fixed-rate period.
3/1 Adjustable-Rate Mortgage (ARM): For loan Amount $275,000, 30-year term: Years 1-3 with at a rate of 6.28% and 6.441% APR will have a monthly principal and interest payment of $1698.59. This Adjustable-Rate Mortgage has a fixed interest rate for the first 3 years and a variable rate that adjusts once a year starting at year 4. Your Annual Percentage Rate (APR) may increase after the original fixed-rate period.
Home Equity Loans
A fixed-rate loan of $50,0000 for 5 years at a rate of 6.28% will have a monthly principal and interest payment of $973.16. A fixed-rate loan of $50,000 for 10 years at a rate of 7.240% and will have a monthly principal and interest payment of $586.75. A fixed-rate loan of $50,000 for 15 years at a rate of 7.830% and will have a monthly principal and interest payment of $472.93.