community empowerment mortgage

Community Empowerment Mortgage

Bridging the homeownership gap

GTE Financial is proud to introduce the Community Empowerment Mortgage, a dedicated Special Purpose Credit Program (SPCP) designed to extend mortgage financing opportunities to under-resourced communities looking to purchase a home. This initiative, focusing on the Tampa Bay, Orlando, and Lakeland areas, represents our commitment to promoting equitable homeownership.

The Community Empowerment Mortgage
  • Exclusive offering in key areas: GTE Financial is one of the few local providers of such specialized mortgage solutions in Tampa-St. Petersburg-Clearwater, Orlando-Kissimmee-Sanford, and Lakeland-Winter Haven.
  • Enhanced loan accessibility: With a maximum loan amount of $766,500 and broad income limitations, we are making home loans more accessible.
  • Supportive Down Payment Assistance: This program includes options for down payment assistance.
The GTE Financial Advantage
  • Inclusive qualifying: No Income limit down payment assistance 
  • Quick and efficient decisions: Our commitment to swift decision-making and an average 30-day closing time sets us apart.
  • Expert guidance: Our licensed loan executives are credit experts and dedicated to assisting our members through the whole process.
  • Always affordable: We offer competitive interest rates and savings on intangible taxes at closing, ensuring affordability.
  • Comprehensive In-house solutions: From mortgages to home warranty's to insurance, we provide an all-encompassing home buying experience.

About special purpose credit programs

Special Purpose Credit Programs, like the Community Empowerment Mortgage are innovative programs tailored to address and fix disparities in home loan access. By focusing on our local communities, these programs play a crucial role in enabling more people in these areas realize the dream of owning a home.


  • Loan limits and property value: Financing up to $766,500 for homes valued up to $810,000.
  • Income considerations: No income limits.
  • Geographic criteria: Eligibility is based on property location within designated areas in Tampa, Orlando, and Lakeland areas. Our team of Loan Executives can help you determine if you’re eligible.

Start your homeownership journey

Embark on the path to owning your dream home with the Community Empowerment Mortgage. Contact our knowledgeable loan executives at 1.888.871.2690 ext. 40407 or click here to apply and a decided Loan Executive will contact you with more information.

Community Empowerment Mortgage FAQs

The Community Empowerment Mortgage is a special home loan program from GTE Financial. It's designed to help more people in our communities get the chance to own a home.

A Special Purpose Credit Program, or SPCP, is a type of loan program that's created to help residents of under-resourced communities.

We created this program to provide a home loan option for under-resourced communities needing down payment assistance. It's aimed at creating more access to homeownership in Tampa, Orlando, and Lakeland communities.

  1. Loan must be approved by Desktop Underwriting (DU) Automated Underwriting System (AUS)
  2. The maximum loan amount you can apply for is $766,500.
  3. Currently live in or are buying in designated areas in Tampa, Lakeland or Orlando Metropolitan statical area

This mortgage offers some unique features, like an extended term, which can lower your monthly payments, plus you might not need mortgage insurance.

Yes, our program offers repayable down payment assistance up to $60,000.

There are no income limits for the Community Empowerment Mortgage.

To learn more or start your application, call our loan executives at 1.888.871.2690 ext. 40407 or apply here

Partnering with real estate professionals

For realtors, the Community Empowerment Mortgage offers a unique opportunity to assist a broader spectrum of clients in achieving homeownership. Our program is designed to support your efforts in guiding clients through the home buying process with confidence and ease.

All loans are subject to approval. The Community Empowerment Mortgage is part of the Special Purpose Credit Program. Applicants must meet defined criteria to take advantage of the assistance offered under the Special Purpose Credit Program.