1.

How do I know if I am eligible for a loan? 

By filling out our online application or contacting a loan officer today, we can let you know if you qualify and how much you qualify for.

2.

How much does it cost to submit an application?

There are no fees associated with submitting a loan application. 

3.

Can I pay more than the minimum payment due on my loan?

Yes. You may make additional payments on your loan without incurring any penalty or hidden fees.

4.

What if I want to pay off my loan before it is due?

You may pay off your loan before it comes due at any time without any penalty or hidden fees.  

5. 

Wouldn’t it be better to get a mortgage from my own bank since I already have a relationship with it?

Unfortunately, banks do not give their current customers any better rates or preferential treatment than new customers. Certainly you should get a quote from your bank for comparison purposes, but it’s always best to shop around.

6. 

Can I receive a loan from Gulf Credit if I was denied by my bank?

Yes. You may still be eligible for a loan even if you have been denied by your bank. With the recent credit crunch and the state of the banking industry, more and more banks are putting heavy restrictions on their lending practices, making it much more likely to be denied a loan than ever before. One of the benefits of using Gulf Credit for your financial needs is that we have the ability to make loans that bigger banks cannot make. We consider your assets and equity - not your credit score, credit history, income or debt. We specialize in fitting square pegs in round holes!

7.

What documentation will I need to receive a mortgage loan?

All you need to get started is a copy of the deed to the property and photo ID.

8.

How long will it take Gulf Credit to fund my loan?

Generally, Gulf Credit can fund your loan within 7 days of receiving a complete and acceptable loan application.