How to add value to your home with a Home Equity Line of Credit

by Coastal Lending Team


Home Improvements Made Easy

How to add value to your home with a Home Equity Line of Credit (HELOC)

The Value of Home Remodeling

Using a Home Equity Line for renovations not only adds value to your current home enjoyment, it can also add value if you ever decide to sell

Homeowners can expect to recover 30% to 85% on a kitchen remodel if they sell their home. Average Cost of a Kitchen Remodel $26,294

A Home Equity Line of Credit gives you so many options!

Choosing meaningful upgrades will add value to your home.

Top Ten Most Desirable Kitchen Features:
  1. Double Sink
  2. Walk-in Pantry
  3. Table Space for Eating
  4. Central Island
  5. Drinking Water Filtration
  6. Granite Countertop
  7. Recessed Lighting
  8. Custom Backsplash
  9. Pull-out Shelves
  10. Breakfast Bar

Go beyond the microwave!

Turn your kitchen into a space you’ll relish spending time in. A HELOC can help make it happen.

Average time people spend in the kitchen every day is 67 minutes. That’s over 400 hours a year!

A HELOC is also a great way to finance your dream bathroom remodel.

Average cost of a bathroom remodel is $11,487

Landscaping lets you add beauty and value to your property.

Keep your house cool! Trees can reduce surrounding air temperatures by as much as 6° F

You may even be able to save money on a home remodel.

Using your HELOC for home improvements may be tax deductible (*See tax professorial for tax guidance)

Helping You With Major Repairs

A HELOC can also give you the cash you need for those project you’ve been putting off.

A HELOC can help you finance a new HVAC system.

The Department of Energy recommends replacing your HVAC system after 10 years for maximum eficiency

A HELOC can also help you finance a new roof.

Average Costs for a New Roof $11,500. The average roof lasts between 15-30 years

Don’t paint yourself into a corner! A HELOC can help you with the cost of painting as well.

Average cost to paint the outside of a for a 2,500 sqft Home is $7,582

Saving Energy Saves You Money

A HELOC can be used to give you a more energy-eficient home.

For the average-sized home, the cost for solar panels in 2010: $40,000 the average cost in 2023: $25,000

The cost to install solar has dropped by more than 50% over the last decade

New windows are another great way to use a HELOC to save money.

Windows account for 25%–30% of your heating and cooling energy use

You could save an average of 15% on heating and cooling costs by air sealing your home and adding insulation in attics and floors over crawl spaces.

Insulation could save you 15%

Here’s a Smart Idea: Using a HELOC to bring technology to your home could add even more energy savings.

30%–40% Potential energy savings with a smart home

It’s Easy to Use a HELOC

A Home Equity Line of Credit lets you use
the equity in your home to unlock fantastic home improvements!


It’s easy to get started::

or at your nearest Coastal branch.


Aleeady have your HELOC? Simply transfer the funds to your Coastal Checking account to start achieving your goals!

All lines are subject to approval.

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%.

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 8.25% APR with relationship pricing. The maximum APR for a Home Equity Line of Credit with no discounts is 13.45%. 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.

Eligible lines are available for primary residences. 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 line amount for a Home Equity Line of Credit 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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