Compare All Home Equity Options

Pay for major expenses with a home equity loan or line of credit.

Access up to 100% of your home's combined loan-to-value1

  • Competitive rates help you get the most out of your equity
  • Use money for major home improvements, college expenses or to consolidate high-interest debt
  • Interest might be tax-deductible; consult your tax advisor for full details
  • Both the Home Equity Loan and Home Equity Line of Credit are eligible for an annual Loyalty Bonus payout

Choose the product that works for you

Home Equity Options Benefits

Home Equity Line of Credit2

  • Turn the value of your home into a smart financing option
  • Up to 100% of your home’s combined loan-to-value1
  • Access money when you need it
  • Interest-only option available
  • No annual fees, minimum draw fees or prepayment penalties

Home Equity Loan3

  • Same payment each month
  • Up to 100% of your home’s combined loan-to-value1
  • Flexible repayment terms ranging from 5 to 20 years
  • No annual fees, minimum draw fees or prepayment penalties

Resource Center

How to Build Credit and Why it's Important

When's the last time you checked your credit report? Errors on your credit report can lower your credit score - and you may not even be aware of them. The FTC says one in four people found an error on their credit report that could affect their credit score.

Managing Your Loans: Debt Consolidation

If you have a lot of debt, you're not alone. Today, more and more Americans are burdened with credit card and loan payments. So whether you are trying to improve your money management, having difficulty making ends meet, want to lower your monthly loan payments, or just can't seem to keep up with all of your credit card bills, you may be looking for a way to make debt repayment easier.

Lunch Tracker - Visa

The LunchTracker app from Visa helps you mange your spending and start saving money.

Making a budget is now made easier with the LunchTracker app from Visa. Regardless if you pack, eat at home or out at a restaurant, this app allows you to track how much you are spending when you have lunch. Because regardless of how you enjoy your lunch, these charges all add up. Keeping track of this daily expense can help you set spending goals and start saving.

Download mobile apps:
  • Download on the App Store
  • Get it on Google Play

Coastal Digital Banking - Coastal Credit Union

Coastal has upgraded our online banking and mobile banking platforms to a brand new unified system, which we are calling Digital Banking.

Access your Coastal Federal Credit Union accounts, quickly and conveniently, wherever you are with COASTAL Digital Banking! COASTAL Digital Banking allows you to check balances, make transfers, pay bills, and more!

Download mobile apps:
  • Download on the App Store
  • Get it on Google Play

1 All applicants must meet underwriting criteria. Loan or line amount may be less than 100% of your home's combined loan-to-value. To calculate your combined loan-to-value (CLTV), first establish the value of your home and the amount of any outstanding mortgage(s) you have on the property. Dividing the mortgage total by the home value is your loan-to-value (LTV). Your room to borrow is the amount you can add to your debt without going over your maximum CLTV. For example, if you have a $100,000 mortgage on a home that is worth $200,000, your LTV is 50%. If your lender is offering you a CLTV of 80%, that means you could borrow as much as $60,000, since ($100,000+$60,000)/$200,000 = 80%.

2 APR = Annual Percentage Rate. The APR for a Coastal Federal Credit Union Home Equity Line of Credit is variable and is based on Coastal Federal Credit Union's Qualified Loan Program and includes the Relationship Pricing discount. Qualification for Relationship Pricing is based on having a 1st. Mortgage with Coastal Federal Credit Union. The minimum APR for a Home Equity Line of Credit is 3.50% with relationship pricing. The maximum APR for a Home Equity Line of Credit with no discounts is 8.30%. Your rate may vary and is determined by your credit qualifications, amount financed, collateral, loan terms, Relationship Pricing and combined loan-to-value. Please stop by your local branch or call our 24-hour call center at 800-868-4262 for more information. All applicants must meet underwriting criteria. Line amount may be less than 100% of your home’s combined loan-to-value. 

3 APR = Annual Percentage Rate. The APR for a Coastal Federal Credit Union Home Equity Loan is fixed and is based on Coastal Federal Credit Union's Qualified Loan Program and include the Relationship Pricing discount. Qualification for Relationship Pricing is based on having a 1st. Mortgage with Coastal Federal Credit Union. The minimum APR for a Home Equity loan is 3.74% with relationship pricing. The maximum APR for a Home Equity loan with no discounts is 9.35%. Your rate may vary and is determined by your credit qualifications, amount financed, collateral, loan terms, Relationship Pricing and combined loan-to-value. Please stop by your local branch or call our 24-hour call center at 800-868-4262 for more information. A payment example of a Home Equity Loan: As of January 19, 2021, an amount financed of $50,000 at a term of 180 months at 80% combined loan-to-value with an APR of 4.25% would result in 180 equal monthly payments of $376.14. All applicants must meet underwriting criteria. Loan amount may be less than 100% of your home’s combined loan-to-value

2,3 All loans are subject to approval. All applicants must meet underwriting criteria. Loan or line amount may be less than 100% of your home’s home to-loan-value. Rates are subject to change daily. Lending area located in North Carolina, Virginia, and South Carolina. Coastal membership must be established prior to scheduled closing. No refinances of purchase money seconds within 12 months of the closing date. Property insurance is required. Flood Insurance may be required. The minimum loan amount for a Home Equity Line of Credit or Home Equity Loan is $5,000. All lending services are subject to credit approval. Contact a Coastal representative for specific rates and terms. Certain restrictions may apply. To qualify for Relationship Pricing the borrower must have a Coastal first mortgage or close this loan simultaneously with a new Coastal first mortgage.  All standard closing costs for properties located in North Carolina are paid by Coastal. Non-standard costs such as a full appraisal, title insurance, attorney fees and closing costs for properties located in Virginia or South Carolina must be paid by the borrower. To learn more about what closing costs applies to you, please contact your local branch or call our home equity team at 919-800-4750 to discuss.

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