Fixed-Rate Mortgage

An affordable way to unlock the door to your dream home

Lower fees make for easy, low-stress closings

Here’s how a Fixed-Rate Mortgage could help you bank better:

  • Choose from 10-, 15-, 20- and 30-year mortgages with competitive interest rates
  • A fixed rate means your rate will never increase
  • Underwriting fee of just $600 and no charges for document prep or credit reports mean substantial savings
  • You'll always deal with your neighbors at Coastal because we will never sell your mortgage to a far-off megabank
  • This mortgage is eligible for an annual Loyalty Bonus payout 

Just the Facts 

Coastal Credit Union is your home base.

We’re committed to helping North Carolina residents achieve their dream of owning a home. Want proof? Coastal is the official mortgage partner for the Wake County chapter of Habitat for Humanity, providing millions of dollars in loans for families who move into homes built by the nonprofit group.

We can provide the same great services for you: low interest home loan rates, modest fees and several fixed-rate mortgage options. Choose a longer term if you want lower monthly payments and a shorter one if you want to become debt-free more quickly. Either way, the interest rate will never increase over the course of the loan. And that will help you sleep easier in your new home.

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.

For a $250,000 loan for a term of 30 years with a 4.50% APR, the monthly payment is $1,267.00.  Taxes and insurance are not included in this payment example and that the actual payment obligation could be greater.  All loans are subject to approval.

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