Construction-to-Permanent Loans

Save time and money while building your dream home

One loan, one closing, one choice — Coastal.

Build or renovate your dream home with our Construction-To-Permanent financing.

Coastal’s Construction-to-Permanent financing gives you three ways to build your dream home:

  • Finance the construction of a new home on your own lot
  • Finance the purchase of a lot and construction
  • Cover the cost of major renovations to your existing home


Save time and money. Our Construction-To-Permanent financing saves you time and money. With one loan and one set of closing costs, the number one choice is Coastal

Only 10%25 down payment Only 10% down payment

Local relationships Local relationships (we handle all of the closing/processing locally)

Free guide Get our free guide: Construction-to-Permanent Financing Guide 

Questions? Contact us today to get started.

Kari Rudolph's photo

Kari Rudolph
Construction Loan Officer

Office: 919-882-6981
Mobile: 919-412-1230

Al Williams' photo

Al Williams
Construction Loan officer

Office: 919-882-6950
Mobile: 919-780-1808

Earn more cash back when you shop.

I was able to buy my first home on my own without using all of my savings.
Margaret H.

Frequently Asked Questions

The primary savings is considered the membership account which provides our members with voting rights at the credit union and will always need to remain open and active as long as there are share products or loan products listed under the housing account.

There are two options to make principal only payments. (Excludes first mortgages and VISA Credit Cards)

You can pay an extra amount at the same time you make your regularly scheduled payment. The extra amount paid will automatically be applied to the principal balance. The regular payment and the extra amount must be applied on the same date with this option.

You can make principal only payments at other times as long as your loan is current. Please note, a principal only payment will not advance your due date, and will not take the place of normal monthly payments.

When mailing a check for principal only payments, clearly indicate in the memo section of the check, "PRINCIPAL ONLY" and the account number. Any payment applied as principal and interest, that is not notated "PRINCIPAL ONLY", cannot be reversed and reapplied later.

Please send payment to:
Coastal Federal Credit Union:
ATTN: Payments/Deposits:
PO BOX 58429, Raleigh NC 27658-8429

Please email with any questions.

Yes, if you wish to add more funds to your loan or increase it in anyway a new application will need to be submitted

You do not need to have a first mortgage with Coastal to obtain a HELOC.

Coastal only issues 1098 Mortgage Interest Statements for accounts that paid $600 or more in interest during the calendar year. The exact amount of interest paid on your mortgage loan is listed on your December statement.

All loans are subject to approval.

* - Minimum deposit of $100 required to open an account. Fees may reduce earnings.

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