Home Loan Programs


Conventional mortgage loans are also known as a Fannie Mae or Freddie Mac loans. The guidelines and credit requirements are established by either Fannie Mae or Freddie Mac. Generally, the credit requirements for this program type are a bit more stringent than a government loan.


FHA, or Federal Housing Administration, is a mortgage loan that is insured by FHA. FHA and/or HUD (Department of Housing and Urban Development) set the regulations and requirements to qualify for this type of loan. Some benefits of FHA Mortgage Loans are:

  • Lower down payment
  • Less stringent credit rating


VA, or Veterans Administration, is a mortgage loan that is insured by the Veterans Administration. This program is only available to Veterans or the eligible dependents of Veterans. VA sets the service requirements to qualify for a VA backed mortgage loan. A certificate issued by the VA will document your eligibility for a VA insured loan. Some benefits of a VA Mortgage Loans are:

  • No down payment required
  • No monthly Mortgage Insurance


USDA/RD, or United States Department of Agriculture/Rural Development, is a mortgage loan that is insured by the USDA. The mortgage program has less stringent credit requirements then a conventional loan and can only be used on homes in qualified areas set by the USDA Rural Development. Some benefits of a USDA/RD Mortgage Loans are:

  • No down payment
  • Low monthly Mortgage Insurance

Bond Programs

Bond Programs are community based mortgage loan programs that Gulf Coast Bank & Trust Co. participates in. Typically the Bond programs are designed to help meet the housing needs of low-to- moderate income applicants. The programs are typically designed for first time homebuyers with rates that are usually below the current market.

Some benefits of a Bond Programs are:

  • Provides financial assistance to borrowers with low-to-moderate income and/or for First Time Homebuyers
  • Some programs provide assistance and do not require you to be a First Time Homebuyer
  • Assistance amount provided may not require repayment, if certain requirements are met, ask your loan originator for details
  • Available under Conventional, FHA, VA, and/or USDA Rural Development loan programs
  • Reduced MI Insurance costs


Construction Loans are loans which offer the ability to either construct a residence from the ground up or for major renovatations of an existing property. Gulf Coast Bank and Trust Company offers both a single close construction loan, as well as a two time construction loan. Differences in the two programs can be discussed with your mortgage loan originator.


Jumbo loans offer much higher loan amounts than Conventional programs. They do not require Mortgage Insurance and some programs alloq different options for income qualification.


We offer two renovation programs that offer the ability to either purchase a new home, or refinance an existing mortgage, and also borrow additional funds to renovate the property. Depending on your need, you may choose from:

  • FHA 203k

    FHA 203k mortgages loans are also known as FHA Renovation Loans. These loans are for homes needing repairs or renovations. Normal FHA credit qualifications will still have to be met.

Multi-Unit Properties

Multi-unit properties are typically either two units (duplex), or 3-4 units. Properties with more than 4 units are considered commercial and fall under different lending categories.

Gulf Coast Bank Home Loans offers multi-unit property loans in areas we serve including metro New Orleans & Baton Rouge as well as Florida & Texas.

Bank Statement Programs 

Gulf Coast Bank & Trust offers competitive bank statement programs for self-employed individuals to help make it easier to get a home loan.

Warrantable Condos

Condos that qualify for conventional and government financing options.

Non-Warrantable Condos

Condo properties where the loan is not eligible to be sold through Freddie Mac or Fannie Mae.