Skip to content
Pay for college expenses, home repairs, or consolidate your other debts into one low payment with a Home Equity Loan or Line of Credit from Coastal.
Daymark Realty. Earn more when you buy and sell your home through Coastal's wholly owned subsidiary. Managing Your Credit - Need help getting your finances in order? Try our useful money management resources. Click here for informations about rates.

Home Equity

Use Up to 100% of the Equity in Your Home

100% home equity financing is something you can’t find with traditional banks – and it’s one more way we’re committed to offering you a better way to bank. With Coastal’s highly competitive home equity rates, you can use up to 100% of the equity in your home to help you:

  • Finance large home improvement projects
  • Finance large purchases
  • Pay for college expenses
  • Consolidate debt into one, low payment




If you have large, ongoing expenses, such as paying for college or financing home improvements, a Coastal Home Equity Line of Credit offers up to 100% home equity financing to help provide you with funds exactly when you need them – up to your available credit limit.


If you need a loan that offers extra predictability for your budget, Coastal’s Home Equity Loan offers up to 100% home equity financing with a fixed monthly payment, terms and interest for the life of the loan.

1APR= Annual Percentage Rate. The APR for a Coastal Federal Credit Union Home Equity Line of Credit is variable and based on Prime Rate as published in the Wall Street Journal, ten days before the end of the prior month (called the "Index"), plus a margin. The Index is current as of January 1, 2017 and is 3.75%. As of January 1, 2017 margins range from -0.01% with Relationship Pricing to +4.49 without any discounts. Your margin will be determined by a number of factors including but not limited your credit score, combined loan-to-value, and loan amount. Corresponding variable APRs range from 3.74% with Relationship Pricing to 8.24% with no discounts for primary residences. The maximum APR for a home equity line of credit is 15%. The quoted APR includes the payment of third-party closing costs, which range from $10 to $2,000 depending on the loan amount.

2Lowest rates based on Coastal Federal Credit Union's Qualified Loan Program and include the Relationship Pricing discount and a 60 month repayment term. Your rate may vary and is determined by your credit qualifications, amount financed, collateral, and loan term. Repayment terms up to 240 months available.

Lending area located in North Carolina, Virginia, and South Carolina. Coastal membership must be established prior to scheduled closing. To qualify for Relationship Pricing the borrower must agree to have their monthly payments automatically drafted from a qualified Coastal checking account owned by them. The minimum loan or line amount is $5,000. No refinances of purchase money seconds within 12 months of the closing date. All lending services are subject to credit approval. Property insurance is required. Flood Insurance may be required. Closing costs vary. To learn about what closing costs may apply to you, please stop by your local branch or call our 24 hour call center at 800-868-4262.