Auto Loan Refinancing

Saving you money is our guarantee.

Shift your savings into gear by refinancing with Coastal

Here's how refinancing your auto loan with Coastal can help you bank better

  • Our refinancing will either lower your monthly payment by $100; or we'll give you $200 cash back when you refinance with us1
  • Access AutoSMART, an online auto shopping destination that provides you with the resources that make car-buying a breeze
  • This loan is eligible for an annual Loyalty Bonus payout 

Benefits of Refinancing Your Auto Loan

  • No pre-payment penalty 
  • Get up to 60 days until your first payment is due2
  • Get pre-approved with us and enter the dealership with financing in hand

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Adjustable-Rate Mortgage
Adjustable-Rate Mortgage
Apply for this flexible home loan if you plan on paying it off, refinancing or moving before the rate adjusts.

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 email loanservicing@coastalfcu.org 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.

* Oldest vehicle Coastal will finance is a 2004 model. Your rate may vary and is determined by your credit qualifications, amount financed, collateral, and loan terms. Other rates and terms available. All rates and terms are subject to change without notice. Existing Coastal Credit Union auto loans are not eligible. Interest accrues daily. All loans are subject to approval.

1. Savings of $100 each month may not be available to all applicants. $200 will be credited to the members share/checking account between 0 and 5 days of the loan origination date.

2. Interest will continue to accrue.

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