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First Time Home Buyer Mortgage

Coastal offers a market differentiating product for first-time homebuyers. This loan is ideal for anyone who has not owned a home in the last three years, featuring responsible financing options with little or no money down. This type of mortgage offers

100% financing for your first home
100% financing for your first home
No Private Mortgage Insurance (PMI) required
No Private Mortgage Insurance (PMI) required
30 year Fixed-Rate Mortgage or a 7/1 Adjustable Rate Mortgage.
30 year Fixed-Rate Mortgage or a 7/1 Adjustable Rate Mortgage.

Other Key Coastal differentiators:

  • We never sell the servicing of your mortgage, making sure you will continue to work with people here in the Triangle whenever you have a question
  • Underwriting fees are often used by mortgage lenders as a way to add profit for them without adding value to you.  But, not at Coastal.  We only charge a $400 flat fee for underwriting, meaning we don't charge for document prep fees, commitment fees or credit report fees.  This saves you hundreds of dollars in unnecessary fees. Read more about our commitment to eliminating unnecessary fees throughout Coastal.
  • Coastal is committed to affordable housing in our community.  Read more about Coastal's commitment to Habitat for Humanity of Wake County and our recording breaking year.
First Time Home Buyer Mortgage.
To learn more about our mortgages, to apply online or to connect with a Mortgage Loan Officer closest to you, please select from the options below: