Investment Property Loans

Rental income can give your finances a new lease on life.

A low-cost loan could punch your ticket to checks from tenants

We are allowing refinances/purchases on investment

Here’s how a Coastal Investment Property Loan could help you bank better:

  • You can borrow up to $548,250 to purchase condos, single-family homes or other investment properties.
  • Flexible terms allow you to borrow up to 80% of the property value. That means a down payment of only 20%.
  • Choose from 10-, 15-, 20- and 30-year fixed-rate mortgages. A fixed rate means your rate will never increase over the life of the loan.
  • The rental income from the property being purchased may be used for loan qualifying purposes under certain circumstances.
  • Coastal charges a low underwriting fee of $600. You receive substantial savings because there are no charges for document prep or credit reports.
  • Your loan will always be serviced by Coastal. If you have questions in the future, you’ll never have to deal with a far-off megabank.
  • This loan is eligible for an annual Loyalty Bonus payout.

Rent checks are no fun to write. But you might like them more if you’re on the receiving end.

Across North Carolina, people are looking for more financial security for their families. But there are only so many hours a day that anyone can work. That’s why many of our members are warming to the idea of buying investment properties in North Carolina and elsewhere.

The concept is simple. You borrow money, buy a property, and then rent it out. The monthly checks from your tenants cover the loan repayment costs and net you a tidy profit. Coastal can start you off on the right foot, offering low interest rates, low fees and low down payment requirements. From there, the success of the venture is up to you. When it comes to generating new income, we wish you the best outcome.

Frequently Asked Questions

For a $250,000 loan for a tem 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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